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Weak Economy

Let's Be Blue -- A Plea for Partisanship

Bill Folman | Posted 05.25.2011 | Politics
Bill Folman

Yes, yes, I know we are all a bunch of enlightened, Obama-style post-partisans, and isn't that wonderful -- but we are missing an opportunity here.

Unemployment climbs to 5-year high of 6.1 percent

AP | JEANNINE AVERSA | Posted 05.25.2011 | Business

WASHINGTON — The nation's unemployment rate bolted above the psychologically important 6 percent level last month for the first time in five yea...

Dell's Business Model Still Needs Work, Factories On The Block

Wall Street Journal | Justin Scheck | Posted 05.25.2011 | Business

Dell Inc. is trying to sell its computer factories around the world, a move to sharply overhaul a production model that was long a hallmark of the PC ...

Stocks plummet after retail, unemployment data

AP | MADLEN READ | Posted 05.25.2011 | Business

NEW YORK — Dejected investors sent stocks plunging Thursday, hurtling the Dow Jones industrials down more than 340 points after retailers and th...

Send This to Your Republican In-laws!

Frances Moore Lappe | Posted 05.25.2011 | Business
Frances Moore Lappe

Over the last six decades, whether rich or poor, everyone has done better with Democrats in the White House.

Layoffs Turn People Into Hermits | Jeanna Bryner | Posted 05.25.2011 | Business

Layoffs can turn social butterflies into near hermits who shun such outlets as book clubs and even church groups, finds a new study. Workers who expe...

Tech Spending Slows, Dell Protfits And Shares Drop

AP | JESSICA MINTZ | Posted 05.25.2011 | Business

Slashing computer prices helped Dell Inc. boost sales in its fiscal second quarter, but the No. 2 PC maker's bottom line took a hit when efforts to cu...

Zimbabwe Faces 50 Million Percent Inflation, Uses Gasoline Coupons For Currency

AP | ANGUS SHAW | Posted 05.25.2011 | Business

HARARE, Zimbabwe — Reeling from the highest inflation rate in the world, barred by the government from using U.S. dollars for purchases, Zimbabw...

The Middle Class Has Become The Class of Pain

Grant Cardone | Posted 05.25.2011 | Business
Grant Cardone

What is middle class anyway? Is it an income level and then you are in this club called the Middle Class? And what do you get from this club?

Tax Rebate Checks Do Little For Consumer Confidence

The Los Angeles Times | Richard Fausset, P.J. Huffstutter and Stephen Braun | Posted 05.25.2011 | Business

ATLANTA -- It is better than nothing. That has been the subdued mantra repeated by working Americans in recent weeks as they spend the Bush administr...

Save Our Starbucks Campaigns Launched: Is Starbucks Brilliant?

Wall Street Journal | Janet Adamy and Anna Prior | Posted 05.25.2011 | Business

Now that Starbucks Corp. has disclosed the 600 locations (see the full, searchable list) it wants to shutter, a phenomenon is taking hold: the Save Ou...

Starbucks Closure List Revealed: Is Your Shop Toast?

AP, Starbucks, Clusterstock | Posted 05.25.2011 | Business

**UPDATE** The full Starbucks closure list is available here in a searchable web page. *** **UPDATE** Is Starbucks brilliant? Cities and employees ar...

Ask The Economy Magic 8-Ball | David Bourgeois | Posted 05.25.2011 | Home

Federal Reserve Chairman Ben Bernanke has testified before Congress for a second day Wednesday, and unshockingly, his economic outlook wasn't any more...

Sorry, Canada, $7 Canadian Is Just $6.98 American!

Dave Burdick | Posted 05.25.2011 | Business
Dave Burdick

"Hey, Canada! You thought that pipeline was worth seven billion dollars? Ha! Yeah, where we're from, that's a $6.98 billion pipeline!" And then I'd smugly shine an apple on my lapel.

Oil Prices May Drop, But The Dollar Won't Go As Far Anyway

AP | MARTIN CRUTSINGER | Posted 05.25.2011 | Business

WASHINGTON — The price of a quart of milk, a plane ticket and a host of other products rose in June at nearly the fastest pace in a generation, ...

FDIC chair: Deposits in nation's banks are safe

AP | Posted 05.25.2011 | Business

WASHINGTON — The nation's banking system is "absolutely safe" and Americans' insured deposits in banks protected, the head of the Federal Deposi...

Bernanke: Economy faces 'numerous difficulties'

AP | JEANNINE AVERSA | Posted 05.25.2011 | Business

WASHINGTON — Federal Reserve Chairman Ben Bernanke told Congress Tuesday the fragile economy is facing "numerous difficulties" despite the Fed's...

How To Get Uncle Sam To Pay Off Your Debt | 23/6: The News, But Funnier | Posted 05.25.2011 | Business

With news that the U.S. Treasury is getting the go-ahead to use billions of federal dollars to guarantee the debts held by Freddie Mac and Fannie Mae,...

Gas, Food, Lodging

Jennifer Donahue | Posted 05.25.2011 | Home
Jennifer Donahue

It's gas food and lodging keeping people up at night. At a recent New Hampshire fair with an diverse economic cross-section of people, I noticed a fe...

The Fannie Effect: Financials Feeling The Hurt

DealBook | Posted 05.25.2011 | Business

Jitters about the solvency of Fannie Mae and Freddie Mac, two government-sponsored mortgage financing companies, took a big toll on financial-industry...

Ken Heebner, America's Hottest Investor | Jon Birger | Posted 05.25.2011 | Business

(Fortune Magazine) -- The best mutual fund manager around - a.k.a. Ken Heebner of Capital Growth Management - looks restless. He is sitting in a confe...

Mortgage Lending Implode-O-Meter Explodes In Popularity

New York Times | Louise Story | Posted 05.25.2011 | Business

The misery in the housing market is registering on the Implode-O-Meter. As millions of homeowners fall behind on their mortgages, a fledging Web site...

Siemens Cutting 16,750 Jobs Worldwide

AP | GEORGE FREY | Posted 05.25.2011 | Business

FRANKFURT, Germany — Industrial conglomerate Siemens AG said Tuesday it will cut 16,750 jobs, or 4.2 percent of its global work force, to stream...

GM Job Cuts Likely Coming Soon

Reuters | Posted 05.25.2011 | Business

(Reuters) - No. 1 U.S. automaker General Motors is planning to cut thousands of white-collar jobs and is considering whether it should sell or stop pr...

Lax Real Estate Decisions Hurt Starbucks

New York Times | Brad Stone | Posted 05.25.2011 | Business

Starbucks wants to get back to its roots to help turn around its ailing fortunes. It brought back the pioneering chief executive Howard Schultz to run...