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Money & The Economy

News on Finance, Money, markets and the economy

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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Movie Review: “The Joneses”

My husband and I sat down for a lazy Sunday afternoon movie over pizza (for him) and sushi (for me). The kids were upstairs playing and it was wonderful to have some much needed snuggling time in front of the TV with him. We decided to watch a Netflix movie. My husband chose the movie while I brought our lunch into ...

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Food and Energy Inflation Is Not Transitory

FORT LEE, N.J., April 28, 2011 /PRNewswire/ — Federal Reserve Chairman Ben Bernanke on Wednesday held his first press conference in history. The press conference took place shortly after the Fed announced its decision to leave the Fed Funds Rate at a record low of 0% to 0.25%, where it has been for an unprecedented 28 months. The U.S. economy is flooded with U.S. dollars ...

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Allen West Townhall Interrupted- See the Left’s Plans for this Summer in Action

Recently, Unions and assorted leftist groups have been spreading word on how they plan to “protest” town-hall meetings and anything Republican or Conservative in nature. These people do not want to ask questions and then give someone a chance to answer as we see in the following video. These astroturf puppets have been given a set of things to scream ...

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When China Turns Away

It may already be happening. Recently released US Treasury data shows China has been actively reducing its holdings of Treasury debt. China has cut its holdings by $100 billion over the past year to just $844 billion. China has been seeking new ways to recycle its trade surplus and hold back any rise in the yuan. “Diversification should be the ...

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High Gas Prices Driving America into the Ditch

          While many economists predicted four-dollar-a-gallon gasoline by this summer, anyone filling up their tank this past week has already experienced the pain of four dollar gas pretty much across the nation. Now we dreadfully await the five-dollar-a-gallon-gasoline that many predict is on the way this summer. I watched on TV as a lady in Baltimore was shown pumping $100 worth ...

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S&P Deems America a Credit Risk, Hoyer Pushes Pelosi to the Side

  From Standard and Poor’s official website: Because the U.S. has, relative to its ‘AAA’ peers, what we consider to be very large budget deficits and rising government indebtedness and the path to addressing these is not clear to us, we have revised our outlook on the long-term rating to negative from stable. (emphasis mine)      Of note there, is ...

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