Archive for the ‘cc’ Category
Wednesday, February 22nd, 2012
This year’s Index of Dependence on Government presented startling findings about the sharp increase of Americans who rely on the federal government for housing, food, income, student aid or other assistance.
Another eye-popping number was the percentage of Americans who don’t pay income taxes, which now accounts for nearly half of ...
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Wednesday, February 22nd, 2012
The Daily Caller has obtained documents, emails and communications showing how President Barack Obama’s Federal Communications Commission demolished wireless broadband company LightSquared’s competition through a pattern of regulatory decisions apparently aimed at establishing an “open-access” Internet in the United States.
The FCC successfully green-lighted LightSquared’s corporate formation in 2009 by allowing ...
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Wednesday, February 22nd, 2012
Things around the LightSquared offices have to be looking dim at this point. While the managers of the company continue to fight to get their proposed wireless 4G network approved, denials keep streaming in. LightSquared has announced that is having take rather drastic measures to save money and attempt to ...
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Wednesday, February 22nd, 2012
Excessive regulation of financial institutions is squeezing out middle-class consumers who soon will find themselves locked out of the banking system, analyst Meredith Whitney said Wednesday.
That trend already is beginning to manifest itself in terms of who is driving most consumer spending, Whitney, the president and founder of Meredith Whitney ...
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Wednesday, February 22nd, 2012
This evening, speaking at North Carolina Central University in Durham, North Carolina, White House senior adviser Valerie Jarrett said that folks getting and spending unemployment checks is a healthy thing . . . because it stimulates the economy:
"Even though we had a terrible economic crisis three years ago, throughout our ...
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Wednesday, February 22nd, 2012
The amount of income tax paid fell sharply last month in the first formal indication that the new 50p higher rate is not raising the expected amount of revenue.
The Treasury received £10.35 billion in income tax payments from those paying by self-assessment last month, a drop of £509 million ...
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Wednesday, February 22nd, 2012
President Obama's 2013 budget is the gift that keeps on giving—to government. One buried surprise is his proposal to triple the tax rate on corporate dividends, which believe it or not is higher than in his previous budgets.
Mr. Obama is proposing to raise the dividend tax rate to the higher ...
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Wednesday, February 22nd, 2012
Talk about pain at the pump! Some Florida drivers are spending nearly $6 a gallon to fill up their gas tanks.
According to GasBuddy.com, motorists are shelling out $5.89 for a gallon of regular gas at a Shell station in Lake Buena Vista, topping out at $5.99 a gallon for premium. ...
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Tuesday, February 21st, 2012
Wal-Mart, the world's top retailer, said on Tuesday its fiscal fourth-quarter earnings fell 15 percent as it cut prices in the United States amid fierce competition for consumer dollars.
Wal-Mart posted $5.1 billion in net income for the three months ending January 31, compared with $6.1 billion in the year-ago period.
Revenue ...
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Tuesday, February 21st, 2012
When Paula Symons joined the U.S. workforce in 1972, typewriters in her office clacked nonstop, people answered the telephones and the hot new technology revolutionizing communication was the fax machine.
Symons, fresh out of college, entered this brave new world thinking she'd do pretty much what her parents' generation did: Work ...
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Tuesday, February 21st, 2012
Standing too many months on the unemployment line is driving Americans crazy — literally — and it’s costing taxpayers hundreds of billions of dollars.
With their unemployment-insurance checks running out, some of the country’s long-term jobless are scrambling to fill the gap by filing claims for mental illness and other disabilities ...
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Tuesday, February 21st, 2012
Unemployment in the U.S. rose to nine percent in mid-February, up from 8.3 percent a month earlier, according to a new Gallup survey. The polling company said this suggests that it is “premature” to assume the economy will not feature prominently in the 2012 election season.
Gallup figures typically provide an ...
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Tuesday, February 21st, 2012
Chrysler and Fiat have paid back all but $1.3 billion of Chrysler's $12.5 billion bailout - with taxpayers likely to be out the rest. The Italian automaker got control of Chrysler by buying 23.5 percent of the company from the U.S. and Canadian governments, after receiving an initial 20 percent ...
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Tuesday, February 21st, 2012
General Motor’s European arm is facing major job cuts and even entire plant closures as company bosses race to stem the huge losses being suffered by the Opel and Vauxhall divisions.
US-based city analysts are predicting that as many as 4000 jobs could be cut over the next two years. Closing ...
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Monday, February 20th, 2012
Wal-Mart Stores plans to buy a controlling stake in the fast-growing Chinese online retailer Yihaodian.
The retail chain has agreed to increase its stake in Yihaodian's holding company to approximately 51%, Wal-Mart (WMT) said late Sunday.
The financial terms of the deal were not disclosed. It still must be approved by ...
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Monday, February 20th, 2012
Gasoline prices have never been higher this time of the year.
At $3.53 a gallon, prices are already up 25 cents since Jan. 1. And experts say they could reach a record $4.25 a gallon by late April.
"You're going to see a lot more staycations this year," says Michael Lynch, president ...
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Sunday, February 19th, 2012
Sterling Savings Bank laid off scores of employees around the Northwest this week.
The Spokane-based bank gave pink slips to 160 employees. Bank leaders said that is six percent of their workforce.
“Given the challenging interest rate environment and the uncertain economic outlook, Sterling must position itself for continued success, including lowering ...
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Sunday, February 19th, 2012
Owners of 7-Eleven stores are warning of massive layoffs to come, unless the Illinois Lottery protects them from competition from the online sales that are expected to start this year.
As WBBM Newsradio’s John Cody reports, the franchise owners say they online lottery sales could force them to lay off 7,000 ...
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Sunday, February 19th, 2012
About 100 people in an eastern Arkansas town will lose their jobs after a copper tube company decided not to rebuild part of its plant that was destroyed by fire in September.
Wynne Mayor Bob Stacy said Thursday he received a letter from Mueller Copper Tube Products about the layoffs in ...
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Sunday, February 19th, 2012
Being unemployed for too long reportedly is driving people mad and costing taxpayers billions of dollars in mental illness and other disability claims.
The New York Post reported Sunday that as unemployment checks run out, many jobless are trying to gain government benefits by declaring themselves unhealthy.
More than 10.5 ...
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Saturday, February 18th, 2012
Defense contractor Northrop Grumman Corp. warned state regulators Friday that it will be laying off 224 employees across the country, including dozens based at Fort Meade, after losing a contract to provide security for a government agency.
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Saturday, February 18th, 2012
A nickel boost in the first-class stamp price to 50 cents is part of the U.S. Postal Service's latest plan to stop bleeding red ink.
The Postal Service released the 5-year business plan to Congress late Thursday in part to push Congress to pass legislation to help them get through ongoing ...
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Saturday, February 18th, 2012
Chinese state broadcaster CCTV is launching its American service this week as part of a major overseas expansion aimed at boosting China's international influence.
The network said Wednesday that Washington-based CCTV America will eventually offer four hours of programming daily. It said content will be produced by about 100 journalists working ...
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Saturday, February 18th, 2012
"Kung Fu Panda" creator Dreamworks Animation SKG Inc plans to build a production studio in Shanghai with some of China's biggest media companies, a landmark deal that gives the company a foothold in one of the largest untapped markets for Hollywood.
The California-based animation studio behind "Shrek" agreed to form a ...
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Friday, February 17th, 2012
President Obama rallied with union workers at a Boeing plant in Washington, but he praised the manufacturing conducted by Boeing in South Carolina, even though his National Labor Relations Board (NLRB) tried to close the South Carolina plant at the behest of the Washington union workers.
"This company is a great ...
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Friday, February 17th, 2012
News that Google had bypassed privacy settings set by users of Apple’s (AAPL: 502.01, -0.20, -0.04%) Safari browser, enabling it to track certain browsing habits, created a storm of controversy, but the search giant said it made the mistake while actually trying to protect users.
An article published by The Wall ...
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Friday, February 17th, 2012
A Fort Benning defense contractor has informed Georgia labor officials that it will lay off 359 workers by March 11, though a state official says many of the employees could be rehired by another contractor.
The Columbus Ledger-Enquirer reports that Eagle Systems & Services Inc. sent the notice to the Georgia ...
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Friday, February 17th, 2012
Almost 50 percent of Americans who work for a private company are employed by a firm with 500 or more employees, according to the most recent Bureau of Labor Statistics data from March of 2011. That translates into approximately 50 million workers, the BLS said.
About 28 percent, or 30.4 million ...
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Friday, February 17th, 2012
Case-New Holland will lay off 100 employees in the next month at its tractor plant here, the company said Thursday.
CNH issued a written statement that said in part, "In April and May of 2011, CNH added a second shift and increased its hiring by a total of more than 350 ...
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Friday, February 17th, 2012
There's a dark cloud on the horizon that could erase any benefit from the payroll tax cut extension: Rising gas prices.
Since the end of 2011, the national average for a gallon of regular gasoline is up more than 8% to $3.52, according to data released on Monday by the U.S. ...
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Friday, February 17th, 2012
Central Falls is Rhode Island's smallest city and also one of its poorest. Boarded up homes line many streets and one-quarter of the city's families live below the poverty line.
"The people are not getting better. Five years of tax increases, people who make $14,000 to $20,000 a year," said state ...
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Friday, February 17th, 2012
The Chicago Teachers Union is asking for raises amounting to 30 percent over the next two years, the opening salvo in heated contract negotiations with school officials who are implementing a longer school day across Chicago Public Schools next school year.
Documents obtained by the Tribune show that in the face ...
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Friday, February 17th, 2012
Irwindale Speedway LLC filed for Chapter 7 bankruptcy on Monday, the same day track management announced that it was canceling the race schedule for 2012.
In paperwork filed with the U.S. Bankruptcy Court, Central District California, Irwindale Speedway LLC owes creditors $331,773.11. One of the creditors is Cantrell Aire Inc. in ...
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