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...
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...
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...
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....
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...
The 45,000 Verizon Wireline workers that went on strike on August 6 have decided to return to work on Monday, without a new contract and no guarantee of any benefits. Feeling the pressure from half of all its Wireline workers out on strike, Verizon decided to extend the current contract...
Despite fines, tax penalties, and other regulatory burdens, nearly 9% of employers surveyed said they intend to end company health insurance for its employees. They plan to end the benefits in 2014 once the health care exchanges, a product of President Obama's health care reform laws, are up and...
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...
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,...
Late Thursday afternoon the White House and House Speaker John Boehner office both said reports of a possible deal are not true. Washington, D.C. - Word has been slipping out that a deal on raising America’s debt ceiling and reducing the debt is in the works in order to avoid a...