Weak Economy

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

AP | ANGUS SHAW | Posted 08.06.2008 | 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 08.02.2008 | 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 07.28.2008 | 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 07.19.2008 | 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 07.18.2008 | 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

236.com | David Bourgeois | Posted 07.18.2008 | 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 07.17.2008 | 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 07.16.2008 | 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, ...

How To Get Uncle Sam To Pay Off Your Debt

236.com | 23/6: The News, But Funnier | Posted 07.15.2008 | 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,...

FDIC chair: Deposits in nation's banks are safe

AP | Posted 07.15.2008 | 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 07.15.2008 | Business


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

Gas, Food, Lodging

Jennifer Donahue | Posted 07.13.2008 | 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 07.11.2008 | 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

Fortune.com | Jon Birger | Posted 07.11.2008 | 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 07.08.2008 | 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 07.08.2008 | 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 07.07.2008 | 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 07.04.2008 | 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...

The Hidden Costs Of Layoffs

BNET | Carlos Bergfeld | Posted 07.03.2008 | Business


While layoffs may seem like a good way to cut costs in the short-term, the direct and indirect costs of downsizing can paralyze your company's long-te...

Employers Cut Jobs For Sixth Straight Month

AP | JEANNINE AVERSA | Posted 07.03.2008 | Business


WASHINGTON — The nation lost jobs for a sixth month in a row in June, a storm of pink slips drenching this year's July Fourth holiday for more t...

Dow Enters Bear Market, Oil Hits New Record

AP | TIM PARADIS | Posted 07.02.2008 | Business


NEW YORK — Wall Street resumed its sell-off Wednesday after oil hit a new record and a bearish analyst report renewed concerns that General Moto...

Warren Buffett's Berkshire Hathaway Has Weakest Half Since 1990

Bloomberg.com | Josh P. Hamilton | Posted 07.02.2008 | Business


July 2 (Bloomberg) -- It must be a bear market because even billionaire Warren Buffett's Berkshire Hathaway Inc. has slumped almost 20 percent since ...

Nation Buys Porn With Stimulus Package

Huffington Post | Posted 07.02.2008 | Business


President Bush's economic stimulus package, which appears so far to have been ineffective in stroking the economy to life, is giving an unexpected rai...

The Vanishing Middle Class

Robyn Blumner | Posted 07.01.2008 | Politics


Robyn Blumner

We now live in a country where there is no financial margin for most families to fall back on in case someone gets sick or a job is lost: life is far riskier than during the 1970s' economic crisis.

Starbucks To Close 600 U.S. Stores

AP | Posted 07.01.2008 | Business


SEATTLE — Starbucks Corp. has announced it's closing 600 underperforming stores in the United States. The Seattle-based premium coffee company ...


 

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