Category Archives: Economy

Troops appear on streets as Nigeria president acts to cut fuel prices

By doris | Published: January 16, 2012

Full Story at WorldNews.msnbc.msn.com LAGOS, Nigeria — Soldiers have barricaded key roads in Nigeria’s commercial capital of Lagos as the president offered a concession to halt fuel price protests that he said were being stoked by provocateurs seeking anarchy. Troops and police also blocked entrances to protest venues in Nigeria’s second-largest city of Kano on [...]

Also posted in Business, Gas, Goverment | Leave a comment

District plans to close 9 schools, make grade changes in 17 others

By doris | Published: November 4, 2011

Full Story at Philly.com Faced with declining enrollment, aging facilities, and a brutal fiscal situation, Philadelphia School District officials on Wednesday recommended closing nine schools and making grade changes at 17 others. “We need to aim for a more efficient footprint reflecting the times and the demographics of the city,” said acting Superintendent Leroy Nunery [...]

Also posted in Financial, School, Shutdown | Leave a comment

Child abuse increased as economy crashed, study shows

By doris | Published: September 19, 2011

Full Story at msnbc.com As the U.S. economy began to tank, the number of abused kids landing in the hospital with severe brain injuries spiked, a new study shows. Anecdotes linking child abuse to the recession have surfaced before, but there had been no hard data to back the connection until now. “It’s definitely disturbing,” [...]

Also posted in Abuse, Children, Financial, Jobs, Loss | Leave a comment

White House ignored red flags in loan to failed solar company

By doris | Published: September 14, 2011

Full Story at Bottom Line.msnbc.msn.com The Obama administration committed more than $500 million in taxpayer money to a maker of solar power panels despite repeated red flags about the company’s viability, NBC News’ Lisa Myers reported Wednesday. The FBI raided the Silicon Valley headquarters of the company, Solyndra, last week, investigating whether the government was [...]

Also posted in Company, FBI, Financial, Goverment, Loan | Leave a comment

US, Europe switch roles in world banking crisis

By doris | Published: September 7, 2011

Full Story at msnbc.com Budget bickering and brinkmanship in Washington this summer are getting much of the blame for the recent slowdown in an already weak U.S. economy. Now, the two-year-old stalemate over Europe’s debt problems threatens to bring on another recession. The crisis in Europe has already sapped the confidence of consumers there and [...]

Also posted in America, Bank, Budget, Europe, Recession | Leave a comment

Another massive rally for stocks as Dow soars 423 on optimism about economy

By doris | Published: August 11, 2011

Full Story at msnbc.com NEW YORK — Wall Street’s wild week continued Thursday with a 423-point surge for the Dow Jones industrial average. Stocks shot higher after investors saw small signs that the economy might not be headed into another recession. With a 400-plus point move for the Dow, Thursday’s close marks the first time [...]

Also posted in Business, Financial, news | Leave a comment

Debt and spending deal picks up momentum in Senate

By doris | Published: August 1, 2011

Full Story at news.Yahoo.com WASHINGTON (AP) — The White House and congressional leaders worked Monday to align lawmakers from both parties behind their formula for averting a financial meltdown and halting the government’s prolific spending habits. Despite resistance from both liberals and conservatives, momentum appeared to be building in support of the compromise deficit-reduction plan. [...]

Also posted in Bill, Budget, Business, Congress, Financial, Political, White House | Leave a comment

Rolling restaurants: Some cities floor it, others tap the brakes

By doris | Published: July 26, 2011

Full Story at msnbc.com SEATTLE — Craving a gourmet meal on the fly? Food trucks plying American streets are delivering increasingly varied and sophisticated fare to the urban palate. Mobile kitchens offer hamburgers made from grass-fed cows, artisan breads, ethnic blends like Korean tacos and gourmet dishes that stand up next to fine fare from [...]

Also posted in Business, Food, Hungry, Jobs, Make in U.S.A | Leave a comment

BP wants to end future loss claims in Gulf spill

By doris | Published: July 9, 2011

Full Story at msnbc.com NEW ORLEANS — BP is arguing that victims of last year’s Gulf oil spill should not be paid any more claims for future losses because the areas affected by the spill have recovered and the economy is improving. The British oil company makes its case in a 29-page document filed with [...]

Also posted in BP, Business, Consumer, Environment, Legal, Victims | Leave a comment

Chrysler repays $7.6B in government loans

By doris | Published: May 24, 2011

Full Story at news.Yahoo.com DETROIT – With a few computer keystrokes in an office at its headquarters, Chrysler Group LLC sent $7.6 billion to the U.S. and Canadian governments on Tuesday, paying off most of the bailout money that saved the company from financial disaster just two years ago. The repayment — expected for weeks [...]

Also posted in Cars, Financial, Goverment, Money | Leave a comment

Big Oil’s $4 billion tax break in doubt

By doris | Published: April 26, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — President Obama repeated his call Tuesday for an end to $4 billion in oil industry tax breaks as gas prices approach $4 a gallon and after a top lawmaker indicated a possible shift in Republican policy. In a letter to congressional leaders, the president said the oil [...]

Also posted in Business, Gas, Money, Oil, Taxing | Leave a comment

Tax the rich! OK, but then what, Mr. President?

By doris | Published: April 12, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — For years, President Obama has been clear about his preferred tax policy: Tax the rich more and protect households that make less than $250,000 from higher taxes. It’s not clear what he’ll say about taxes on Wednesday when he lays out his ideas for how to tackle [...]

Also posted in Law, Markets, Money, Presidential, Taxing | Leave a comment

Shutdown would take away $32 million a day from national parks

By doris | Published: April 10, 2011

Full Story at CNN.com New York (CNN) — An average of $32 million a day in national parks revenue could be shut off if the Beltway showdown results in a government shutdown, officials say. The measure would be the first shutdown in more than 15 years, shuttering national parks, seashores and historic sites, and barring [...]

Also posted in America, Business, Consumer, Financial, Goverment, Political, Presidential, Shutdown | Leave a comment

Who gets paid in a shutdown? Congress!

By doris | Published: April 8, 2011

Full Story at money.cnn.comWHY CAN’T THEY ALL GET ALONG WITH EACH OTHER. THE HAVE TO TO SOMETHING TO GET US BACK ON TRACK. THEY GET PAID AND EVERYONE ELSE HAS TO SIT AND WATCH THEM DO NOTHING,BUT WE HAVE BILLS TO PAY. IS EVERYONE GOING TO WAIT UNTIL THE GOVERMENT PAYS US DON’T THINK SO. [...]

Also posted in America, Business As Usual, Congress, Dispute, Financial, Goverment, Jobs, Rant, Troops | Leave a comment

From inside Japan’s evacuation zone: ‘It’s eerie here’

By doris | Published: April 7, 2011

Full Story at msnbc.com MINAMI SOMA, Japan — The Odaka neighborhood seems frozen in time since it was abandoned after the tsunami nearly a month ago: Doors were left hanging open and bicycles were abandoned. A lone taxi sits in front of the train station. Mud-caked dogs roam empty streets, their barking and the cawing [...]

Also posted in Business, Family, Goverment, Markets | Leave a comment

GOP appears poised to take on entitlements

By doris | Published: March 27, 2011

Full Story at msnbc.comLEAVE SOCIAL SECURITY ALONE. THEY HAVE BORROWED ENOUGH AND NEVER PAID IT BACK. SOME PEOPLE CAN HARDLY LIVE NOW. THEY PLANNED ON THIS FOR RETIREMENT. CORAL SPRINGS, Fla. — If there’s any place where tea partiers in Congress might hesitate to call for cuts in Social Security and Medicare to shrink the [...]

Also posted in America, Business, Family, Goverment, Money, Social Security | Leave a comment

Union approval low, but more still side with labor over gov’t

By doris | Published: February 18, 2011

Full Story at FirstRead.msnbc.msn.com Carrie Dann writes:With tens of thousands of public sector workers jamming the halls of the Wisconsin statehouse – and similar labor battles brewing in Ohio and Michigan – Republican governors and Americans around the country are contemplating the state of the unions. The fracas in Madison has emphasized the divide between [...]

Also posted in America, Business, Current Events, Dispute, Goverment, Hearing, Jobs, Leaving, vote | Leave a comment

Rising wholesale prices spur inflation concerns

By doris | Published: February 16, 2011

Full Story at news.Yahoo.com WASHINGTON – Steady improvement in the economy may soon come at a price — faster inflation. Shoes, clothes, tires, plastics and other products all cost more at the wholesale level last month, putting pressure on businesses to pass the increases along to their customers. The hikes also give ammunition to critics [...]

Also posted in Business, Consumer, Gas, Home, Money | Leave a comment

CNBC: 3 big banks cutting deal on foreclosures

By doris | Published: November 17, 2010

Full Story at  msnbc.com WASHINGTON — Three big U.S. banks are nearing a settlement in which they would compensate borrowers whose homes were improperly foreclosed upon, according to a CNBC report. Bank of America Corp., JPMorgan Chase & Co. and Wells Fargo & Co. would also agree not to start foreclosure proceedings until they have [...]

Also posted in Bank, Business, Foreclosed, Home, Money | Leave a comment

U.S. and S. Korea fail to resolve free-trade pact

By doris | Published: November 11, 2010

Full Story at msnbc.com SEOUL, South Korea — The United States and South Korea failed on Thursday to revive a stalled free trade agreement, dealing a blow to both countries’ leaders and putting a brake on bilateral trade. President Barack Obama and South Korea’s Lee Myung-bak said negotiators would continue talks to address U.S. concerns [...]

Also posted in Bill, Business, Financial, Goverment, Jobs, Money | Leave a comment