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Money & The Economy

News on Finance, Money, markets and the economy

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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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, ...

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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 ...

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Black Friday Weekend Retail Sales Increase 1.9 Percent, Foot-Traffic Down 1.8

CHICAGO, Dec. 1, 2011  — Black Friday weekend is shifting to encompass days prior to the big shopping event, with stores seeing more foot-traffic beforehand. According to ShopperTrak — the world’s largest provider of retail and mall foot-traffic counting services — more customers shopped the Sunday before Thanksgiving than the days following Black Friday. Both Black Saturday and Black Sunday showed year-over-year losses in ...

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The FairTax Series: America's Road To Prosperity Part 2

In this installment of the FairTax series I want to cover the cost of compliance and enforcement with today’s tax codes. Before I go into the complexities of compliance and enforcement I want to spend a few minutes dispelling the favorite myth of the anti-FairTax crowd. One of the things that put me off the FairTax at first was the ...

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Fed's Bernanke Props Up EU With Loan-sharking Scheme

U.S. Federal Reserve Chairman Ben Bernanke has reached out to Europe in what is being mischaracterized across America as just another European bailout. Bernanke realizes the U.S. Congress would never allow the Federal Reserve to put the U.S. Economy at further risk by directly bailing out the European Socialists, in which we are already exposed to the tune of owning ...

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Rejecting FairTax Part Two: What You Don't Know About FairTax

In Part One, I’ll cover the dangers of taxing consumption as a major source of government revenue, both to the individual and to the economy. Part Two will cover the little-known problems in the FairTax proposal- the “fine print” FairTax advocates won’t tell you about (or don’t know themselves); I’ll also refute some of the inconsistencies and rhetoric used by FairTax advocates. ...

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SAAB: Symptom Of A Bailout Culture

SAAB Automobile AB announced today that, for the sixth month in a row, they can’t meet payroll. The backstory for this American audience: Saab first announced difficulties paying its employees in April. The employees (better-known in socialist speak as “workers”) ceased working, and have been collecting government unemployment benefits equal to their full salaries ever since. Saab’s financial difficulties began in the ...

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We can't cut the debt just by cutting spending…

The U.S. national debt can’t be trimmed by cutting spending alone. That is the illogical and easily-disproved lie circulating through the main stream media.  It’s a mantra that is repeated… over, and over, and over.  Considering that this claim is at the core of the current progressive demand for tax increases, it’s sad that only a handful of fiscal conservatives are ...

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Black Friday Tips for Savings & Sanity

YONKERS, N.Y., Nov. 23, 2011 — Next to the Saturday before Christmas, Black Friday ranks as the seminal shopping day of the season. Yet a recent analysis by Consumer Reports’ and Decide.com, a website that tracks electronics products and pricing, reveals that the day afterThanksgiving isn’t necessarily the optimal time to get the best deals on many products. A recent analysis of ...

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