Economy | The Inquisitr

Posts Tagged ‘ economy ’

Housing Market Transcripts From 2006 Reveal: Feds Were Clueless

The Federal government was truly broadsided by the collapse of the housing market if a 2006 transcript is to be believed. According to the recently discovered document while the signs of a distressed market were beginning to ... continue

Mitt Romney In Hot Water, Says He Likes To Fire People [Video]

There's a very important lesson that politicians are taught earlier in their career, don't say anything that can be misconstrued or tied into your past failures, apparently Mitt Romney missed both parts of that lecture. During a campaign ... continue

Minimum Wage Goes Up For 1.4 Million Workers in 2012

NEW YORK - While the economy still struggles onward into an uncertain future, more than 1.4 million low-income earners will see their paychecks increase after the new year as minimum wage goes up in 2012. Minimum wage is ... continue

Citigroup To Cut 4,500 Jobs In Response To Slumping Revenue

Citigroup Inc. Chief Executive Officer Vikram Pandit has announced plans to fire 4,500 employees in the coming quarters. To accomplish his goal Pandit will take a charge of nearly $400 million which will be used to pay severance ... continue

The American Dream Has Been Lost for 41% of Americans

The American Dream has been lost for almost half (41%) of Americans, according to a survey by Yahoo! Finance. The figure may be shocking but it's consistent with reality that 49 million Americans are living in poverty and ... continue

Almost Half of Americans Do Not Think President Obama Will be Re-Elected

This is one survey that US President Barack Obama wouldn't want to see. Despite the highly-spirited speech he delivered to Congress presenting his jobs bill, the President is starting the fall with 32% or one-third of Americans ... continue

Hong Kong is World’s Freest Economy (United States is Tenth)

Hong Kong remains the world's freest economy, according to the Economic Freedom of the World: 2011 Annual Report. This is the 15th consecutive year that Hong Kong has topped the ranking. Donald Tsang, Chief Executive of the Hong ... continue

U.S. Medical Device Sales Remain Steady In Unsteady Economy

10 years ago medical device spending accounted for approximately 6 percent of all U.S. health spending and in 2009 that number remained barely changed according to a new report. The steady numbers come as medical devices rose more ... continue

Debt Ceiling Dilemma: U.S. Stocks Could Facing Beating This Week With No Debt Plan In Place

Investors could face a tough week with talks over the United States debt ceiling continuing with no solution in sight as both Republicans and Democrats refuse to budge on major selling points. Some areas of the market have ... continue

Bankruptcy Cases Down For First Half Of 2011

A major economic indicator is showing a positive turn around for the first half of 2011, bankruptcies are down for the first half of the year by eight percent compared to the same period of 2011. According to ... continue

George Washington University President: Three-Year Degrees Not Catching On

My first thought was that it meant a year less of drunken debauchery, but according to Stephen Trachtenberg, president emeritus of George Washington University, availability is more the reason the programs aren't catching on. Trachtenberg says not enough schools ... continue

Online Advertising Set to Jump 20% in 2011

Bad job news, bad home sales news- sometimes it feels like the adage "there is no bottom" gets truer every day. One area not experiencing the depression seen in other areas is sales of online advertising. 2010 was ... continue

Gas prices to finally drop somewhat in June

Do you remember those halcyon days in 2008-2009 when gas prices hovered around $2 and it was awesome? They've been steadily increasing up until this January, when they began sharply increasing. (Prices for gas right now here on ... continue

So why aren’t those silly looking light bulbs selling like hotcakes?

One of the cornerstones of the whole “Save the earth from ourselves” movement has been the idea of “individual involvement”. While we wait for government and big business to get off of their collective ... continue

Michael Moore asking for donations for bailout companies?

You mention the name Michael Moore in any mixed company and you will probably get equally mixed comments. More than once he has proven to be a lightening rod over the issues he has ... continue

Virgin Megastores Closing All U.S. Locations

Virgin Megastores will close all of its U.S. locations this summer. The music chain will remain in business in other parts of the world as well as online. Virgin Megastores Closing There are currently six Virgin Megastores locations still ... continue