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26 Aug 2009 10:29

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Biz: Manufacturers of durable goods are building more of them

  • 4.9% increase in durable goods in July; that’s a huge leap source
Posted by Ernie Smith • 0 Comments • Permalink

25 Aug 2009 21:15

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Biz, U.S.: Sweet! Two convenient sugar-related problems combine

  • Members of the food industry got a hold of the U.S. Department of Agriculture recently, informing them that, without increased imports, the country is on track to run out of sugar. Not sweet. source
  • The American Heart Association says that you should stop eating sugar to improve your heart health. Plus, there’s the side benefit of increasing the nation’s sugar supply. *light bulb* source
Posted by Ernie Smith • 0 Comments • Permalink

25 Aug 2009 20:46

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Biz, U.S.: Congressional Budget Office: That stimulus is helping – at a cost

  • The Congressional Budget Office, which has no ties to the White House, says that the economy will recover in late 2009, which they say is “largely the result of fiscal stimulus.” source
  • Despite that positive development, this negative development should get conservatives in a tizzy. The deficit will reach a record $1.6 trillion. The old belt doesn’t fit anymore. source
Posted by Ernie Smith • 0 Comments • Permalink

25 Aug 2009 10:12

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Biz, U.S.: The White House thinks unemployment’s going double digits

  • 10% unemployment, but they say recovery starts late this year source
Posted by Ernie Smith • 0 Comments • Permalink

25 Aug 2009 10:06

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Biz, U.S.: Obama’s got Fed Reserve Chair Ben Bernanke’s back

  • As an expert on the causes of the Great Depression, I’m sure Ben never imagined that he would be part of a team responsible for preventing another.
  • President Barack Obama • In a speech this morning confirming that Bernanke would be reappointed to his post as Federal Reserve Chairman. It’s notable in one way – Bernanke’s a Republican, which means Obama’s got a bipartisan feather in his hat – but considering Bernanke’s predecessor, Alan Greenspan, stuck around for multiple administrations, maybe it’s not. But then again, Greenspan didn’t have the mess that Bernanke’s dealing with. Either way, go Ben! • source
Posted by Ernie Smith • 0 Comments • Permalink

25 Aug 2009 09:52

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Biz, U.S.: Home prices actually rose again, but we’re still a long way from home

  • 2.9% quarterly increase in home prices – the first increase in three years source
Posted by Ernie Smith • 0 Comments • Permalink

24 Aug 2009 21:21

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Biz: Cricket legend R. Allen Stanford has to stay in jail, guys

Oh, beyond playing cricket in Antigua, he supposedly defrauded investors out of billions in a fraudulent ponzi scheme. That’s why he’s in jail. source
Posted by Ernie Smith • 0 Comments • Permalink
 

24 Aug 2009 21:01

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Biz, U.S.: Cash for Clunkers deadline extended. Here’s a monster truck video.

  • Car dealers have until noon tomorrow to get all that paperwork in, thanks to server problems on the government’s end. Which is the not-fun part of the Cash for Clunkers program. Above? The fun part.source
Posted by Ernie Smith • 0 Comments • Permalink

23 Aug 2009 11:07

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Biz, U.S.: UBS says its Swiss bank account-holders “wanted to evade” taxes

  • The clients are not just harmless victims. They knew what they wanted to evade. But they trusted the bank that it would work. Now we have to correct that.
  • UBS chairman Kaspar Villiger • Describing the clients that they just had to rat out to the U.S. government for hiding their income in Swiss bank accounts to avoid taxes. While they transferred their information to the U.S., they claim no responsibility to actually make sure those clients actually pay taxes. • source
Posted by Ernie Smith • 7 Comments • Permalink

23 Aug 2009 00:00

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Biz, U.S.: Get out the violins for the super-rich. They’re suffering badly.

  • 24% decrease in people with $30+ million in net worth source
Posted by Ernie Smith • 0 Comments • Permalink
 
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