(ARA) — The days of frivolous spending habits have passed. We’ve managed to admit we’re in a recession, but how exactly do we shop — both for pleasure and for necessities — during these hard economic times? The ways to save money these days are countless and living on a tight budget is not as [...]
Facing economic crisis, Santa requests bailout
Dec. 12, 2008 Leave a Comment
Santa Claus is feeling the sting from of the economic crisis and says if he does not get help from the the U.S. Government, Christmas, which accounts for about 25 percent of all retail spending, may not be able to survive.
Cabinet speculation: Obama’s picks could prove controversial
Nov. 5, 2008 3 Comments
The speculation over who will serve in the Obama administration continues at a fever pitch. Some early media reports suggest that some of Obama’s picks may run counter to the “change” narrative that has dominated his campaign for two years. The Associated Press is reporting that Rahm Emanuel has been asked to serve as Obama’s [...]
Will the bailout cost us each $2k?
Sept. 22, 2008 Leave a Comment
As the government prepares an economic bailout that could cust as much as $700 billion, one group calculates that American taxpayers and families will be left with the tab — despite what both candidates are saying about lowering taxes. WashingtonWatch.com‚ says American taxpayers could be hit with $2,000 and families with $6,500 in extra costs from [...]
Adobe says “suck it” to the economy
Sept. 17, 2008 Leave a Comment
While the rest of the economy may be in the tank, Adobe’s earnings beat expectations. Tuesday, Adobe said it earned 50 cents per share in its fiscal third quarter, which ended August 29. That beat Wall Street’s expectations of 46 cents per share and its own estimates of 39 to 41 cents per share. Revenue [...]
Government statement on bailout of AIG
Sept. 17, 2008 1 Comment
The following is a statement released by the Federal Reserve Tuesday regarding American International Group Inc: The Federal Reserve Board on Tuesday, with the full support of the Treasury Department, authorized the Federal Reserve Bank of New York to lend up to $85 billion to the American International Group (AIG) under Section 13(3) of the [...]
