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15 Apr 2010 10:40

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Biz: Fortune 500: Huge profits go hand-in-hand with record layoffs

  • $391
    billion     size of the collective profits the Fortune 500 had last year
  • 821,000
    positions     number of jobs they had to cut to ensure that huge profit source
Posted by Ernie Smith • 0 Comments • Permalink

12 Apr 2010 21:28

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Biz: The stock market reached the other end of the inverted bell curve today

  • 11,005 the closing price of the Dow Jones Industrial today, a new peak in a long rebound from the recession
  • 11,143 the closing price on Sept. 26, 2008 – the last time it ended above 11,000 (we blame Lehman Bros.) source
Posted by Ernie Smith • 0 Comments • Permalink

12 Apr 2010 09:29

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Biz: Is unemployment higher because unemployment’s easier?

  • 44% of unemployed Americans have been jobless for six months or longer
  • 26% of those unemployed in the early ’80s recession could say the same source
  • » What’s the difference?: According to The Daily Beast, the reason for this has a lot to do with the changing nature of unemployment. Among other things, there are more two-income homes than in the early ’80s. On top of that, it’s easier to get unemployment now than it was 30 years ago – per-capita spending for the jobless has increased 77 percent. While it’s no walk in the park, obviously, it’s clearly not the same situation as it used to be.
Posted by Ernie Smith • 0 Comments • Permalink

09 Apr 2010 12:10

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U.S.: Unemployed people’s benefits being held up by Congress again

  • 200,000 could lose benefits source
Posted by Ernie Smith • 0 Comments • Permalink

02 Apr 2010 11:05

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Biz: The big flop: The Census isn’t creating the jobs it should

  • 600,000 Census jobs should be created, including 100,000 in March
  • 48,000 have been hired so far, which was far below estimates source
Posted by Ernie Smith • 0 Comments • Permalink

02 Apr 2010 10:49

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Biz: The jobless rate stayed flat, but companies are hiring again; yes!

  • 9.7% the current unemployment rate, which is unchanged from February
  • 162k the number of jobs created in March, which is good, but below estimates
  • 6.5M the number of people unemployed six months or more, which is a record source
Posted by Ernie Smith • 0 Comments • Permalink

30 Mar 2010 20:33

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Politics: Obama: Those Tea Party types have legitimate concerns

  • My hope is that as we move forward and we’re tackling things like the deficit, imposing a freeze on domestic spending, taking steps that show we are sincere about dealing with our long-term problems, that some of that group will dissipate.
  • President Barack Obama • Discussing, with great care, the Tea Party, which largely views him with disdain. While realizing some of them are on the fringe and tough to court, he does feel that he can win over some of the moderate members with firm economic policies. “I think that there’s a broader circle around that core group of people who are legitimately concerned about the deficit, who are legitimately concerned that the federal government may be taking on too much,” he said. source
Posted by Ernie Smith • 9 Comments • Permalink
 

26 Mar 2010 15:59

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Biz: The karaoke industry tanked with the rest of the economy

Apparently, people would rather be anywhere else besides hearing your annoying friends sing annoying renditions of Spice Girls songs. source
Posted by Ernie Smith • 0 Comments • Permalink

16 Mar 2010 10:58

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Biz: Blame the snow: New home-building way the frack down

  • 5.9% dip in new housing starts (stupid snow) source
Posted by Ernie Smith • 0 Comments • Permalink

15 Mar 2010 10:30

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Biz: Tommy Hilfiger’s clothing brand apparently still worth money

  • $3 billion paid by Phillips-Van Heusen
    for the lame-@$$ brand source
Posted by Ernie Smith • 0 Comments • Permalink
 
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