Home >> Money & The Economy (page 60)

Money & The Economy

News on Finance, Money, markets and the economy

Boehner Buckles On Tax Cut Extension

After immense pressure from not only Democrats, but House and Senate Republicans as well, Speaker Boehner agreed to a new deal for the 2 month payroll tax extension. It was major change of decision ending an intense standoff with Democrats. Boehner, who appeared unhappy with deal, said  “Kicking a can down the road for a couple of months does cause ...

Read More »

Conference Board Leading Economic Index for the U.S. Increases

NEW YORK, Dec. 22, 2011  — The Conference Board Leading Economic Index® (LEI)for the U.S. increased 0.5 percent in November to 118.0 (2004 = 100), following a 0.9 percent increase in October, and a 0.1 percent increase in September. Says Ataman Ozyildirim, economist at The Conference Board: “November’s increase in the LEI for the U.S. was widespread among the leading indicators and continues to ...

Read More »

Senate vs The House Over Payroll Tax Cut

As it stands, Americans face the uncertainty of whether or not they will be giving more of their money to federal government at the beginning of next year. Earlier today Speaker Boehner said the House will block the Senate deal stating “A two-month extension creates uncertainty and will cause problems for people who are trying to create jobs in the ...

Read More »

Senate Passes Spending Bill – Obama Signs

Saturday the Congress voted 67-32 to pass  a $1 trillion dollar spending bill averting, yet again, another government shutdown. The bill was quickly signed by the President All was not happy news for either side of the aisle, or the White House, as Congress could only agree to extend the payroll tax cut for 2 months. As Senators scrambled to get ...

Read More »

Consumer Spending Index Falls in November

NEW YORK, Dec. 15, 2011  — The Deloitte Consumer Spending Index (Index) slid again in November, weighed down primarily by the housing market.  The Index tracks consumer cash flow as an indicator of future consumer spending. “A high number of foreclosed homes and mortgage defaults continue to deflate real home prices and further lower consumers’ net worth,” explained Carl Steidtmann, Deloitte’s chief economist ...

Read More »

Abundance of Shale Gas Resources May Spark Manufacturing Renaissance in the U.S.

Potential Addition of Approximately One Million Jobs, an Estimated $11.6 Billion in Cost Savings And Greater Investments in U.S. Plants are among Significant Economic Benefits NEW YORK, Dec. 14, 2011  — The abundance of shale gas resources may spark a U.S. manufacturing renaissance with economic benefits that include cost savings, greater investments to expand U.S. manufacturing facilities and increased levels of employment, ...

Read More »

Survey: More Than 40 Percent of Consumers Will Shop for Last-minute Holiday Gifts

More men than women to delay holiday shopping until January 2012 LOS ANGELES, Dec. 12, 2011 — Following a blowout Black Friday/Cyber Monday shopping weekend, many consumers will continue to hit the stores through the final days leading up to Christmas, according to survey data from PriceGrabber®, a part of Experian. Results from PriceGrabber’s fourth winter holiday shopping survey reveal that ...

Read More »

U.S. exports drop to less than $180 billion in October

WASHINGTON, Dec. 10, 2011  — The Bureau of Economic Analysis (BEA) of the U.S. Commerce Department released their a report that demonstrates a slowing global and U.S. economy.  The report annouces that “October exports of  $179.2 billion and imports of $222.6 billion resulted in a goods and services deficit of $43.5 billion, down from $44.2 billion in September, revised.   October exports ...

Read More »

IT Employment Continues to Outperform Overall Labor Market

ALEXANDRIA, Va., Dec. 7, 2011 /PRNewswire-USNewswire/ — In November, IT employment continued its pattern of month-over-month growth and outperforming the general labor market. According to a monthly index of IT jobs developed and published by TechServe Alliance, a collaboration of IT services firms, clients, consultants and suppliers, the number of IT jobs increased by more than 7,100 rising to 4,068,400 ...

Read More »

The case for enslaving Justin Bieber

Whether he knows it or not, on Tuesday President Obama is going to make the case for enslaving Justin Bieber. He is headed to Osawatomie, Kansas in a desperate attempt to recreate Teddy Roosevelt’s 1910 New Nationalism speech – in which Roosevelt put forward the same Bieber-enslaving arguments. In that speech, Roosevelt makes the point several times that individuals only ...

Read More »

December Has Seven of the 10 Best Days to Buy A New Car

SANTA MONICA, Calif., Dec. 6, 2011 /PRNewswire/ — Don’t fret if you just missed out on getting a new car during Black Friday. December is shaping up to be a great month for consumers to hit the dealership lot, with a forecasted seven of the top 10 days to buy a car this year falling within the last month of the year. TrueCar.com ...

Read More »

Conference Board Employment Index Increased Again in November

NEW YORK, Dec. 5, 2011 /PRNewswire/ — The Conference Board Employment Trends Index™ (ETI) increased in November to 103.7, up from the revised figure of 102.42 in October. The November figure is up 6.4 percent from the same month a year ago. Says Gad Levanon, Director of Macroeconomic Research at The Conference Board: “The Employment Trends Index posted a large increase for the second straight ...

Read More »

8.6% Unemployment is NOT Good News

To read the first paragraph of the Bureau of Labor statistics one might think that the jobs situation in the United States has improved significantly. The unemployment rate fell by 0.4 percentage point to 8.6 percent in November, and nonfarm payroll employment rose by 120,000, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in retail ...

Read More »

Payroll Tax Debate: The Truth Comes Out in the U.S. Senate

On Thursday, Dec.1st the battle to extend the payroll tax holiday and unemployment insurance benefits reached new heights in the Senate, as not only did Republicans battle Democrats, but both parties saw raging fights within their own ranks over how to pay for the extensions, along with whether the tax holiday should even be extended at all. In the end, ...

Read More »

Newt Gingrich's "Growth" Plan: It's About Welfare

I think it’s about time we take a good look at Newt Gingrich’s plan to reform welfare entitlements through “promoting growth and innovation”, detailed in this 48-page white paper. First and foremost: Gingrich (or his writers) use very idyllic language which sounds very plausible. It’s the same sort of language Gingrich employs in debates with great success. I ask the ...

Read More »
echo '
';
Sign up for our Newsletter

* indicates required field




Email Format


Subscribe!