Category | Business

Euro Hits Four Year Low

Posted on 01 June 2010

    The euro hit a new low Tuesday,after an American and British bank holiday. It hit $1.2112 , its lowest mark since April 2006. The European Central Bank commented saying ,in effect, that even with loan write downs peaking in 2010,the losses would”remain considerable” in 2011.

Microsoft to Move Jobs Overseas if Obama Tax Plan Goes Through

Posted on 05 June 2009

Microsoft, the world’s largest software company, would move employees offshore if Congress enacts President Barack Obama’s plans to impose higher taxes on U.S. companies’ foreign profits.

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UPDATED: Chrysler Dealerships with GOP Contributions Being Closed

Posted on 05 June 2009

Coincidence in Political contributions? Finding a pattern of GOP-contributing dealerships being closed to the benefit of nearby Obama-supporting dealerships.

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The 7 Worst States To Start a Business

Posted on 15 April 2009

U.S. News decided to find the states that offer the least helpful environment, and also do the most to harm business people through interference. What states are lagging in the economic advantages that entrepreneurs can use to create successful businesses?

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Family of the Nation’s Largest Privately Owned Abortion Chain, Died in Montana Plane Crash

Posted on 03 April 2009

The family who died in the crash near the location of the abortion victim’s memorial, is the family of Irving ‘Bud’ Feldkamp, owner of the largest for-profit abortion chain in the nation.

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UPDATED: The End of Newspapers

Posted on 31 March 2009

The Parent company of The Chicago Sun-Times newspaper has failed for Chapter 11 bankruptcy. So long old school “newspapers”, hello New Media!

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Dow Tanks after Obama Signs in New Bill

Posted on 17 February 2009

Stocks slid within striking distance of the November bear-market low on Tuesday, as grim manufacturing data signaled the recession is worsening and warnings on risks facing European banks underscored the continuing toll of the financial crisis.

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UPDATE: Failed Kansas Governor Suspends Income Tax Refunds

Posted on 16 February 2009

Kansas doesn’t have enough money in its main bank account to pay its bills, prompting the failed Democratic Gov. Kathleen Sebelius to suggest transferring $225 million from other accounts throughout state government.

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Opening Bell 1/23/9

Posted on 23 January 2009

Early summary of the 01/23/09 oppening bell press releases.

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The Dow closes 332 points down as Barack Obama is sworn in as the 44th president of the United States.

Posted on 20 January 2009

After hearing the new president’s inaugural address Tuesday, investors went back to unloading stocks. Financial companies led the market lower as investors worried about the state of the world’s banks.

DOW DOWN 800 in 1 1/4 days after Obama elected

Posted on 06 November 2008

Wall Street falls sharply as investors, worrying about recess, ponder Obama impact on economy — Stocks Post Biggest Post-Election Drop on Economic Concern

401(k) Plans and Private Pensions Seized Under Obama?

Posted on 24 October 2008

House Democrats recently invited Teresa Ghilarducci, a professor at the New School of Social Research, to testify before a subcommittee on her idea to eliminate the preferential tax treatment of the popular retirement plans.

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UPDATED: Obama’s Tax Plan; Plumber gets Mocked by Obama!

Posted on 15 October 2008

Update: Obama Mocks Joe the Plumber. Shocking! Obama’s tax plan; Obama explains his tax plan to a self-employed small business plumber telling him that his business will need to Spread the Wealth.

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Government Engineered Mortgage Crisis: No Racism Here, Move Along (Update 3)

Posted on 30 September 2008

Nine years ago this month, the New York Times proved to be rather prophetic about the Mortgage Crisis

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The Mortgage Meltdown; What you need to know

Posted on 23 September 2008

What ultimately caused the Mortgage Meltdown? We take an indepth look at the details and how it all happened.

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America’s Resilient Economic System

Posted on 18 September 2008

We’ve been through tough times before. For the new, for the nimble, for the smart, for the swift, for the courageous, for the wise, for the entrepreneurs of the world we may be entering what will eventually be known as the best of times.

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Bloomberg warns of possible ‘next wave’ crisis

Posted on 17 September 2008

New York Mayor Michael Bloomberg warned Wednesday a “next wave” of financial pain may come from overseas if foreign entities stop buying U.S. debt.

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Wall Street in turmoil, world markets reel under shock of Lehman Brothers’ crash

Posted on 15 September 2008

Lehman Brothers, the fourth biggest American investment bank, filed for bankruptcy early Monday, leaving 30,000 jobless worldwide and $600bn in debt on what some called the most catastrophic day in a century for global financial markets.
The European Central Bank injected 30 billion to steady the markets, followed by the Bank of England, which earmarked 5 [...]

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Bank of America reaches deal to buy Merrill Lynch for $44B

Posted on 14 September 2008

A combination would create a bank of vast reach, involved in nearly every nook and cranny of the financial system, from credit cards and auto loans to bond and stock underwriting, merger advice and wealth management.

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Probe into how Google mix-up caused $1B run on United Airlines

Posted on 12 September 2008

The US Securities and Exchange Commission has opened a “preliminary inquiry” into how an outdated bankruptcy story sparked a $1 billion run on an airline’s stock value.
The article about how United Airlines filed for bankruptcy in 2002 was revived when it showed up on a newspaper site’s “most viewed” section on Monday.
From there it was [...]

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