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05 Aug 2009 10:31

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Biz, U.S.: Obama’s looking to build incentive for electric cars in the rust belt

  • $2.4 billion amount of money Obama plans to grant to various companies to push electric vehicle manufacturing source

04 Aug 2009 10:28

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Biz, U.S.: Spending up, incomes down: The economy had a mixed June

  • +0.4% the increase in consumer spending in June, which was better than expected and topped May source

03 Aug 2009 10:52

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U.S.: Timothy Geithner: Middle-class tax boosts entirely possible

  • We have to bring these deficits down very dramatically. That’s going to require some very hard choices.
  • Treasury Secretary Timothy Geithner • Regarding how they expect to pay for all of those deficits the government’s built up over the last year or so. Expect the teabaggers to freak out even more at this news. • source

01 Aug 2009 10:49

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Biz, U.S.: President Barack Obama sez the economy still blows

  • When we receive our monthly job report next week, it is likely to show that we are continuing to lose far too many jobs in this country. As far as I’m concerned, we will not have a recovery as long as we keep losing jobs.
  • President Barack Obama • In his weekly radio address, describing the state of the economy. The president says that it will take “many more months to fully dig ourselves out of a recession – a recession that we’ve now learned was even deeper than anyone thought.” • source

31 Jul 2009 10:58

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Biz, U.S.: A light is showing at the end of the recession tunnel

  • -1% GDP is still shrinking, but much, much slower source

28 Jul 2009 11:21

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Biz, U.S.: Home prices are on the rise for the first time since 2006

  • 0.5% increase in home prices from last month source

27 Jul 2009 10:43

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Biz: STOP THE PRESSES! People are buying new homes again!

  • +11% rise in sales of new homes from May to June; it’s at the highest level since November source
 

26 Jul 2009 23:55

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Politics, U.S.: Just when we stopped caring, Joe the Plumber offers his opinion

  • Does the Republican Party represent anything I stand for right now? Absolutely not. Right now the Republican Party doesn’t even know what it stands for.
  • Joe Wurzelbacher a.k.a. “Joe the Plumber” • Regarding the party which used him as a talking point during last year’s presidential election. Wurzelbacher is well-known for not pulling punches in his political opinion – he got into this whole mess by criticizing Barack Obama’s economic policies to his face – and remains a fierce conservative-leaning independent. His biggest issue remains the economy: “Instead of spending more of our money, they should cut back like ordinary Americans are having to. Why do they think they can spend their way out of this mess?” Since we last spoke to the the outspoken plumber, he’s aligned himself with the tea partyin’ wing of conservatism. • source

24 Jul 2009 11:05

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Biz, Tech: Small businesses make out like bandits on the Twitter bandwagon

  • I would love to say that I just had a really good idea and strategy, but Twitter has been pretty essential to my success.
  • Curtis Kimball • The owner of a crème brûlée cart in San Francisco, on how Twitter has managed to build his side business into something that no longer requires him to keep his day job. He’s not alone. In fact, Mashable recently ran a neat little feature on how food cart owners have been using Twitter to stand out from the pack. But even beyond that, small businesses are using the site to market goods, find related businesses to partner with and talk directly to consumers. • source

24 Jul 2009 10:41

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Biz, U.S.: The big question with minimum wage: Is now really the time?

  • Arguments for Much as with any wage increase, the biggest argument for is workers whose wage hasn’t kept up with the economic climate. The thinking, of course, is that if they get higher wages, they can afford a better lifestyle. source
  • Arguments for Much as with any wage increase, the biggest argument for is workers whose wage hasn’t kept up with the economic climate. The thinking, of course, is that if they get higher wages, they can afford a better lifestyle.
  • Arguments against Much as with any wage increase, the biggest argument against is the fact that the economy – specifically employers can’t support the wage increase. With high unemployment nationwide, this rings truer now than ever. source
  • Arguments for Much as with any wage increase, the biggest argument for is workers whose wage hasn’t kept up with the economic climate. The thinking, of course, is that if they get higher wages, they can afford a better lifestyle.
  • Arguments against Much as with any wage increase, the biggest argument against is the fact that the economy – specifically employers can’t support the wage increase. With high unemployment nationwide, this rings truer now than ever.
  • Who the law forgot The tip slave – whose livelihood is largely based on how much you jerks tip her for your Monte Cristo and fries – still only makes $2.13 an hour before tips. Now, tips can be a nice racket, but that’s a damn shame. source