Tue, 7 Feb 2012
Home » Archives
Resist credit offers
Published on 17 Feb, 2010 at 16:21 in Money | Viewed 175 views times | No Comments
It’s easy to blame the bankers for the recent economic crisis, and they do deserve their fair share of the blame, but one of the reasons why we fell into it was because people here in America are all too willing to incur debt. This is a big issue, and it is true that all
Unemployment figures are not accurate
Published on 17 Feb, 2010 at 16:05 in Money | Viewed 178 views times | No Comments
We saw the government come out with unemployment statistics for the month of January this week that indicated that the number of unemployed people decreased to just under 10%. These figures are annoying because like just about everything else that the government and the media feed us, they are grossly inaccurate and intended to deceive
Stocks pull out of slump but end week lower
A battered stock market recovered from a sharp drop in late trading Friday but still posted its fourth straight weekly drop. The Dow Jones industrials, down nearly 170 points in afternoon trading, clawed their way back to finish with a gain of 10. But more stocks fell than rose on the New York Stock Exchange
Goldman CEO Blankfein gets $9M stock bonus for 09
Goldman Sachs Group Inc. CEO Lloyd Blankfein is getting a $9 million stock bonus for 2009, a modest payday by Wall Street standards that appears aimed at quelling criticism of the bank’s compensation practices. Blankfein will receive more than 58,000 shares of restricted stock that can’t be cashed in for five years, the bank said
Drop in jobless rate points to modest improvement
The job market is lurching toward improvement. It just has a long way to go. The outlook for jobs became a bit less bleak Friday when the government released January’s unemployment rate showing an unexpected decline from 10 percent to 9.7 percent. It was the first drop in seven months. Still, the government now estimates
What a 9.7 percent unemployment rate means
Despite economists’ expectations that the unemployment rate would climb well into the economic recovery, the percentage of unemployed, job-seeking Americans fell 0.3 percentage point in January to 9.7 percent, its lowest point since August. The unemployment rate is calculated through a separate survey from the payroll count, which found the nation’s employers still reluctant to
Earnings Preview: Electronic Arts
Published on 10 Feb, 2010 at 10:52 in Business, Money, Techonology | Viewed 84 views times | No Comments
Video game publisher Electronic Arts Inc. reports its fiscal third-quarter results after the stock market closes Monday, the day after running its first-ever Super Bowl advertisement. WHAT TO WATCH FOR: EA, known for games such as “The Sims” and the popular “Madden” football series, gave a forecast below expectations in January amid lower-than-expected game sales.
Online publishing wave of the present
Published on 9 Feb, 2010 at 19:08 in Money | Viewed 84 views times | No Comments
There was a report released by the Audit Bureau of Circulation on Monday, December 8th, that indicates a precipitous decline in the purchase of print magazines at typical sales outlets like retail locations and newsstands. In the first half of 2009, single-copy sales dropped by some 12%; this new report was for the second half
Kaufman warns of commodities bubble
Published on 17 Dec, 2009 at 17:28 in Money | Viewed 123 views times | No Comments
A bubble has formed in commodities as “speculative fervor” returns to markets after the global financial crisis, veteran Wall Street economist Henry Kaufman said on Monday. “There are bubbles in commodities,” and probably in the gold market as well, said Kaufman, president of financial consulting firm Henry Kaufman & Co Inc in New York. He
Consumer borrowing falls for 9th straight month
Published on 17 Dec, 2009 at 17:27 in Money | Viewed 112 views times | No Comments
The Federal Reserve says consumers borrowed less for a record ninth straight month in October. It was another sign that consumer spending will remain weak, making it harder for the economy to mount a sustained rebound. The Fed says consumer credit fell at an annual rate of $3.5 billion in October, although that’s significantly lower
