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Getting Ready for Black Friday Sales
Black Friday – the day following Thanksgiving in the U.S. is approaching fast. This day marks the start of the Christmas shopping season and is the busiest shopping day of [...]
U.S. Inflation Falls Slightly, Led By Gas Prices
Prices fell by 0.1% in October, as reported by the U.S. Bureau of Labor Statistics. The Consumer Price Index or CPI also fell by 3.5% over the last year.
Declines in [...]
Dow Sinks Over 300 points as Debt Talks Fail
The Dow Jones Industrial Index has fallen over 300 points, on the news that the congressional super committee for deficit reduction has all but admitted failure to agree on a [...]
Congressional Supercommittee Talks Poised to Fail
As Sunday night approaches, it is all but certain that the congressional supercommittee tasked to find savings of $1.2 trillion by November 23 has failed. Central to the failure is [...]
Rooting for the Supercommittee to Fail
Regardless of the ballyhoo surrounding the possible failure of the congressional supercommittee, I have no such lament as the November 23rd deadline approaches.
Like Paul Krugman, who whose recent article in [...]
42.5 million Americans Will travel for Thanksgiving, AAA says
More Americans will be on the move this Thanksgiving than in 2010, over 42.5 million, as forecast by the AAA.
This number is a 4% increase over the 2010 total of [...]
Congressional Supercommittee Stalemated: Surprise, Surprise
To no one’s surprise, the congressional supercommittee set up to agree on a deficit reduction deal – is reportedly stalemated a few days to their November 23 deadline.
Republicans on the [...]
Unemployment Claims Fall to 397,000 – U.S. Economy Gains Traction
In more good news for the U.S economy, the number of first-time filers for unemployment benefits fell in the week ending November 12 to 388,000, a decrease of 5,000 from [...]
Housing Recovery Shows Muscle in October
The U.S. Census Bureau issued numbers today showing new residential construction rising at a faster pace.
There were were 653,000 building permits for privately-owned housing units in October, a 10.9% increase [...]
“Tax Us More”, Millionaires Demand of Congress
As the debt supercommittee nears its November 23 deadline to agree on deficit reduction plans, a group of millionaires arrived in the halls of Congress to get this message across: [...]
Can Congress Become Less Popular than Fidel Castro?
Senator Michael Bennet has released the above graphic, showing the height (or depths) of Congress’s unpopularity. Believe it or not, Congress is less popular than Hugo Chavez and the prospect [...]
Industrial Production Surprises, Rises 0.7% in October
The Federal Reserve has reported a surprising expansion in industrial production of 0.7% in October after a fall of 0.1% in September.
Last month, industrial production was grew 0.2% – most [...]
US Postal Service Loses $5 Billion: Its All Your Fault
The U.S. Postal Service announced on Tuesday it lost $5.1 billion in the last year, edging closer to default on a multibillion-dollar payment and bankruptcy.
The major reason? Customers like you [...]
Biggest Bang for the Buck – iPad2, Kindle Fire or Nook Tablet?
The touchpad (or slate PC) revolution has hit consumers full force and shortly, consumers will be spoiled for choice with sleek new releases coming on the market.
Apple’s iPad of course, [...]
Are Lower College Costs Possible? Seton Hall Says Yes
In an era of rising costs across the board, the equivalent of the Loch Ness monster has been sighted – a university reducing costs.
To compete more effectively against local competitors [...]