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Money & The Economy

News on Finance, Money, markets and the economy

Consumer Confidence Index Declines

NEW YORK, May 31, 2011 /PRNewswire/ — The Conference Board Consumer Confidence Index® , which had improved in April, decreased in May. The Index now stands at 60.8 (1985=100), down from 66.0 in April. The Present Situation Index decreased to 39.3 from 40.2. The Expectations Index declined to 75.2 from 83.2 last month. The monthly Consumer Confidence Survey® , based on a probability-design random ...

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U.S. Durable Goods Order Drop Much More Than Expected

The commerce department released its advance report of April durable goods orders. Due to a slump in auto and aircraft manufacturing, durable goods orders dropped 3.6%, a much larger decrease than the 2.2% expected by analysts. New Orders New orders for manufactured durable goods in April decreased $7.1 billion or 3.6 percent to $189.9 billion, the U.S. Census Bureau announced ...

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One-in-Four Workers Can’t Afford to Take a Vacation

CHICAGO, May 25, 2011 /PRNewswire/ — As we approach the official kick-off to summer getaways with Memorial Day weekend, a recent study from CareerBuilder shows financial constraints and demanding work schedules have some workers foregoing vacation plans this year. Twenty-four percent of full-time workers reported they can’t afford to take a vacation in 2011, up from 21 percent last year.  Another 12 percent ...

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No Bounce for President Obama on Economic Job Ratings

NEW YORK, May 24, 2011 /PRNewswire/ — While his overall job rating may have gone up after the death of Osama Bin Laden, President Obama’s economic job rating has not seen the same bounce. Just one-third of Americans (32%) give him positive ratings on the overall job he is doing on the economy while almost seven in ten (68%) give him negative ratings. ...

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Spending Cuts, Tax Increases or a Plan to Rescue America from Herself

Over the course of the past few months, since the beginning of the 112th Congress, much has been said on both sides of the aisle about the need for “fiscal discipline”, but very little has really been done to address the nation’s dire situation. The House did pass H.R. 1 shortly after being sworn into office.  This bill proposed 60 ...

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Florida City Economy Invogorated By New Staffing Office

TAMPA, Fla., May 13, 2011 — In the midst of an economic crisis that has hit Florida harder than nearly any other state, some Florida businesses are booming. Businesswoman Rajh Cromie, owner of Snelling Staffing Services Tampa and Sarasota franchises, knows what works when it comes to connecting the right people to the right companies in Florida. As head of ...

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Economic Recovery Sparks Entertainment Boom

NASHVILLE, Tenn., May 12, 2011 — The economy is on the rebound – and so coincidentally is entertainment buying. Whereas in the past few years the economic downturn prohibited companies from buying entertainment for corporate events, the trend now is an upturn in the number of companies providing their clients with concerts, celebrities and comedians at special events. “We are ...

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Confidence Declines Among Affluent Investors

NEW YORK, May 11, 2011 /PRNewswire/ — In a reversal of trends, a new TNS survey shows a decrease in confidence among affluent investors. In its first decline in nearly a year, the TNS Investor Confidence Index declined to 113 in April (from a reading of 119 in Jan).  Optimism over the direction of the economy and the stock market has eroded ...

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Texas Economy Dips in March

DALLAS, May 11, 2011 /PRNewswire/ — Comerica Bank’s Texas Economic Activity Index dropped two points in March, to a level of 94.  Year-to-date the index has averaged 95, five percent above the average for all of 2010.  The March reading is up 11 points, or 13 percent, above the index cyclical low of 83. “After reaching its highest level in more than ...

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Employment Index Experiences Largest Decline in Two Years

NEW YORK, May 9, 2011 /PRNewswire/ — The Conference Board Employment Trends Index™ (ETI) declined 0.6 percent in April to 100.5, down from March’s revised figure of 101.1. This is the largest monthly decline since April 2009. The April figure is up 6 percent from a year ago. Says Gad Levanon, Associate Director, Macroeconomic Research at The Conference Board: “While employment is growing at the ...

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America’s College Bubble Next to Burst

FORT LEE, N.J., May 7, 2011 /PRNewswire/ — The National Inflation Association (NIA) – http://inflation.us– is pleased to officially announce that it will soon be releasing its hour long documentary ‘College Conspiracy’, which will expose the U.S. college education system as the largest scam in U.S. history. NIA has been producing ‘College Conspiracy’ for the past six months and plans to release the ...

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Joblessness, Jobs Numbers, Unemployment and other Confusing Government Statistics

Even the vice president isn’t sure how or if the tragically high unemployment rates will come down. Remember in April of 2010 when Joe Biden predicted that the American economy would be producing as many as 500,000 new jobs very soon. I’m here to tell you some time in the next couple of months we’re going to be creating between ...

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Portman Unveils Senate Republican Jobs Plan

This is a pro-growth, pro-jobs plan that will create the environment necessary to get Americans back to work and ensure that American businesses are competitive globally WASHINGTON, D.C. – Today, U.S. Senator Rob Portman (R-Ohio) unveiled the Senate Republican Jobs Plan, a blueprint Senate Republicans developed to create private sector growth and strengthen the economy. “This is a pro-growth, pro-jobs ...

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Paul Ryan’s Budget: America- Our Financial Chickens Have Come Home To Roost And It Ain’t Pretty!

Congressman Paul Ryan has proposed a Budget for 2012 which he calls “The Path To Prosperity: Restoring America’s Promise”. When comparing Congressman Ryan’s Budget Resolution with President Barack Obama’s Proposed Budget there is absolutely no question that given the choice, Congressman Ryan’s Budget is the better of the two. Democrat critics have described his Budget Proposal as “Republicans trying to ...

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Obama’s Budget: America, Our Financial Chickens have come Home to roost, and it ain’t Pretty

budg•et  (bjt) n. An itemized summary of estimated or intended expenditures for a given period along with proposals for financing them: submitted the annual budget to Congress. A systematic plan for the expenditure of a usually fixed resource, such as money or time, during a given period: A new car will not be part of our budget this year. A ...

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