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submitted by Ari for team Bushwhackers... dissent ala mode 216 weeks 4 days 1 hour 1 minute ago
First the Bush administration destroys the US economy, now they want to regulate the fix -- and presumably give things to their friends (like JP Morgan - a prominent Bush contributor...)
From the story: "The Treasury Department will propose on Monday that Congress give the Federal Reserve...(more)
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submitted by Jazz 107 weeks 1 day 11 hours 6 minutes ago
Even as the economic recovery plods ahead, many American consumers are refusing to come along.
They're not spending freely - and they have no plans to.
Many of them have steady income. They aren't saddled by high debts. They don't fear losing their jobs. Yet despite recent gains,...(more)
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submitted by elvis 191 weeks 2 days 5 hours 19 minutes ago
Many blame the Greenspan Fed for this mess. They are right, but not for the reason often cited. It is unfair to say low interest rates are to blame. In the past decade, there is no evidence the US suffered from excessive growth leading to inflation....(more)
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submitted by Ari 202 weeks 3 days 4 hours 54 minutes ago
Taxi cab drivers are petitioning the city of Walnut Creek to raise the fares they can charge to help offset rising fuel costs.
The city currently allows cabs to charge $2.50 per mile and a $25-an-hour waiting fee. Taxi operators want that to go up to $3.50...(more)
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submitted by Elizabeth 208 weeks 2 days 3 hours 53 minutes ago
The state of California's payroll is skyrocketing, even as its budget deficit has grown to billions of dollars in recent months.
In Gov. Arnold Schwarzenegger's first four years, the total bill for state workers' salaries jumped by 37 percent, compared with a 5 percent increase in the...(more)
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submitted by Gretchen Wright 201 weeks 6 days 11 hours 12 minutes ago
Here are the cities with the largest increase in property tax assessments over the last year, along with an explanation from the L.A. County assessor's office:
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submitted by pascal 244 weeks 6 days 3 hours 23 minutes ago
Oil futures prices rose sharply Wednesday, briefly climbing above a record $80 a barrel after the government reported a surprisingly large drop in crude inventories and declines in gasoline supplies and refinery activity.
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submitted by pbl 211 weeks 2 days 19 hours 43 minutes ago
After weeks of negotiations and posturing, Microsoft is giving up its efforts to buy Yahoo, saying that the price the Internet firm is demanding is too high and that any hostile takeover battle would cause enough damage to make the union unappealing.The move ends for now...(more)
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submitted by Oscar Contreras 202 weeks 5 days 4 hours 35 minutes ago
News item from Bloomberg News: "New foreclosures almost quadrupled in Los Angeles and doubled in Miami in the second quarter, with as much as $5 billion worth of loans going bad in L.A. alone, the onine real estate data company PropertyShark.com reported."
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submitted by Robby for team staff news 17 hours 26 minutes ago
Wells Fargo will double its $444 billion asset-management unit within seven years by expanding in international markets as wounded European rivals retrench, according to division chief Mike Niedermeyer. The firm will...
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submitted by Robby for team staff news 17 hours 26 minutes ago
NEW YORK (AP) -- The core of his presidential candidacy under attack, Mitt Romney has yet to shape a playbook to defend a quarter-century in the business world that created great riches for himself and great hardship, at times, for some American workers....
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submitted by Lisa 162 weeks 5 days 1 hour 32 minutes ago
At last, after a nerve-racking six-month descent, the economy appears to be leveling off.
But don't assume the bumps are over.
Stock investors, shoppers and home buyers are less jittery. Once-frozen credit markets are slowly thawing. And economic indicators that had been going from bad to worse are...(more)
