June was not a good month for the anemic economy. Only 18,000 net jobs were added to the labor pool, and unemployment inched up to 9.2%. Businesses added 57,000 jobs, but governments nationwide cut 39,000 workers from their payrolls. That means that there are now 14.1 million unemployed Americans...
A man walked out of an art gallery on Tuesday with a Picasso original under his arm. How did he do it? Did he buy it? Was it in the middle of the night; was he wearing a mask, or a disguise; is he an elite international art thief? Nope....
Sacramento- Web retailers have ended their online presence and sales to about 33 million consumers, residents of the state of California.  Major online retailers like Amazon and Overstock abruptly pulled out of the California market after warning state legislators that passing a bill to tax internet sales from out of...
Three private investment firms together bought Go Daddy for $2.5 billion plus the assumption of its debt.  KKR & Co., Silver Lake Partners, and Technology Crossover Ventures worked together to buy the world’s largest domain registrar whose sales have climbed 25% in the last year to $947 million and...
With riots in Greece over its debt problems and deep austerity measures being put into place hurting nearly everyone, the issues there are affecting governments, banks, and investments across Europe. The US, like Greece, has one of the highest debt to GDP ratios in the world. While one of the...
Tallahassee – Governor Rick Scot, (R) Florida, will approve the much-awaited SunRail for Central Florida and Orlando Metro Area. While there were hints that he intended to approve it with setting aside over $260 million for this current fiscal year for the possible project, he publicly kept up rhetoric...
In our ever-connected global economy, it’s hard to make sense of where we are going with our economy. Is it getting better, worse, stagnant…? Who can say, here are the facts: Yesterday, President Barack Obama ordered the release of 30 million barrels of oil from the Strategic Petroleum Reserves in...
June 8th, 2011 - An unlikely party has waded into the U.S. national debt debate, China.  In an unexpected warning, China’s Li Daokui warned congressional Republicans to stop playing politics with the debt and raise the debt ceiling.  But why does China care about the U.S. Debt? China is currently the...
WASHINGTON — Employers added only 54,000 workers in May, fewest in eight months, and the unemployment rate rose to 9.1%. The weakening job market raises concern about an economy hampered by high gas prices and lingering effects of the Japanese tsunami and nuclear disaster. The key question is whether the meager...
Detroit has finally achieved its dream — for one month, anyway. It knocked Japan’s four best-selling cars out of the Top 10 best-sellers in the USA in May results reported this week. The Honda Accord and Civic, and Toyota Camry and Corolla are always grouped behind the two best-selling pickups,...