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02 May 2009 10:48

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Biz, U.S.: Warren Buffett hasn’t seen the economic revcovery yet

  • There’s no signs of any real bounce at all in anything to do with housing, retailing, all that sort of thing. You never know for sure, even if there’s a leveling off, which way the next move will be.
  • Berkshire Hathaway Chairman and CEO Warren Buffett • On the housing market’s lack of improvement since the recession took hold. Berkshire Hathaway, by the way, has suffered pretty heavily, too in the wake of the economic meltdown. • source

30 Apr 2009 10:14

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Biz, U.S.: Consumer spending takes another small tumble in March

  • -0.2% the bigger-than-expected decline in spending source

29 Apr 2009 09:51

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Biz, U.S.: The incredible shrinking economy shrinks even more

  • -6.1% free-fall in the United States’ GDP O_O source

28 Apr 2009 12:30

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Politics, U.S.: See ya, GOP: Why Arlen Specter is now a Democrat

  • It has become clear to me that the stimulus vote caused a schism which makes our differences irreconcilable.
  • Pennsylvania Senator Arlen Spector • On why he’s switching parties. He claims that he always voted based on the issue, not the party line, but the Republicans aren’t happy with him in his state. His switching brings the Democrats closer to a two-thirds majority in the Senate. Less filibusters = more pushing stuff through. Liberals must be getting excited. • source

27 Apr 2009 09:11

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Biz: A lot of people will lose their jobs at GM very soon

  • 23,000 jobs will go away by 2011. Yikes. source

23 Apr 2009 10:14

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Biz, U.S.: Our least favorite part of the week: Reporting on new jobless claims

  • 640,000 new claims this week. Sigh. source

23 Apr 2009 09:56

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Biz: Funny thing for UPS: When the economy slumps, people ship less

  • -56% dip for Brown, who hasn’t done much for us lately source
 

22 Apr 2009 14:20

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Biz: The Chicago Tribune axes a ton of people in the newsroom

  • 53 journalists got canned today, a ton, but less than expected source

21 Apr 2009 20:21

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Biz: Yahoo’s employees aren’t saying “Yahooooo!!!” about layoffs

  • 5% of its employees are getting escorted off the premises source

19 Apr 2009 21:23

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Biz: The Fortune 500 is worth a lot less than they were before

  • 85% decline in the Fortune 500’s profits from 2007 to 2008 source