The European Courier » Economy

GM stops all Facebook advertising for its cars, says waste of money

admin — Tue, 15 May 2012 22:25:29 +0000

WSJ: “General Motors Co. plans to stop advertising on Facebook after the auto maker’s executives determined their paid ads had little impact on consumers’ car purchases, people familiar with the matter said.” Link Related Posts: How to use Facebook for making money? Zynga moves its future away from Facebook, launches its own gaming platform Analyst: Facebook Will Make $1.2B Annually From Mobile Ads Facebook to reach 1B active users in August, that’s 14% of the world Facebook to acquire 20 companies to be able to compete with Google+

California to increase sales, income taxes to save budget and decrease $16 billion deficit

admin — Sun, 13 May 2012 13:08:42 +0000

Brown has said there will be even deeper cuts, mostly to public education, if voters do not improve tax hikes in November. He is seeking a quarter-cent increase in the state sales tax for four years and a seven-year hike on incomes of $250,000 or more that will range from 1 to 3 percentage . . . → Read More:

Facebook co-founder renounces US citizenship to avoid paying $600 million in taxes

admin — Sat, 12 May 2012 14:12:46 +0000

SFGate.com: “Eduardo Saverin, the billionaire co-founder of Facebook, renounced his U.S. citizenship before an initial public offering that values the social network in upward of $90 billion, a move that may reduce his tax bill.” Link Related Posts: Entrepreneurs: Herman Cain’s 9-9-9 would kill many small businesses especially in retail industry Obama’s jobs plan to be paid for by tax increases on middle class families (JD’s, MD’s, MBA’s) Left wing millionaires ask Obama to take their money away and spend it for them for the good of the country Business Across Borders Research: Pinterest delivers more revenue per click than Facebook and Twitter

T-Mobile to lay off 1,900 employees, close call centers in 6 states

admin — Fri, 23 Mar 2012 13:30:01 +0000

VentureBeat: The job cuts will come from closing centers in Allentown, Penn.; Fort Lauderdale, Fla.; Frisco, Texas; Brownsville, Texas; Lenexa, Kansas; Thornton, Colo.; and Redmond, Ore. Around 3,300 employees at the seven impacted facilities will be let go, but T-Mobile will immediately be filling as many as 1,400 positions at its other 17 call . . . → Read More:

New York Times has over 500K paying subscribers after introducing a paywall last year

admin — Thu, 22 Mar 2012 13:13:23 +0000

A year after launching a controversial pay wall, The New York Times revealed Tuesday that it has nearly half a million paying subscribers for its flagship paper. The company also said it will make it harder for people to read web publications without paying up. Link Related Posts: The New York Times sacrifices revenue from paywall to defend sales of printed papers New York Times rolls out a paywall, asks Twitter to shut down accounts linking to newspaper’s free content 65% of internet users are willing to pay for accessing paid online content “The Bible of Boxing” goes digital, behind a paywall On the Media: ‘Old media’s’ dilemma of charging for online content

Eurozone Economy Shrinks in 4Q

admin — Wed, 07 Mar 2012 00:44:26 +0000

A collapse in household spending, exports and manufacturing sucked the life out of the euro zone’s economy in the final months of 2011, the EU said on Tuesday, showing the scope of the downturn that looks set to become a fully fledged recession. Link Related Posts: Greece decreases pensions, minimum wages by 20%, GDP to shrink by 5% 5 ways the European debt crisis could affect the U.S. Lithuania wants to buy an island from Greece to help it with debt crisis China to bailout Greece Greek default will happen sooner or later

Fox drops “Terra Nova”

admin — Wed, 07 Mar 2012 00:38:04 +0000

Fox’s dinosaurs may have been just too big to survive. Fox Broadcasting Co. said it doesn’t plan to order a second season of the dinosaurs epic “Terra Nova,” potentially ending one of the most expensive new television series ever made. Link Related Posts: UK’s Ed Miliband begins crusade against Rupert Murdoch, demands break up of his media empire Will Murdoch shut down Fox News because of UK scandal? Fox News tweeted Obama is dead, account was hacked News Corp. sells MySpace for pennies MSNBC’s host Ed Schultz calls Laura Ingraham a ‘right-wing slut’

Zynga moves its future away from Facebook, launches its own gaming platform

admin — Fri, 02 Mar 2012 13:14:55 +0000

Zynga Inc is launching a new games service that allows users to play on the company’s website instead of Facebook, potentially driving traffic away from the world’s No. 1 social network that is its biggest partner. The service is the online game company’s boldest move yet to create a presence outside of Facebook, where it makes 93 . . . → Read More:

Yelp Prices IPO Valued at $900M

admin — Fri, 02 Mar 2012 13:10:55 +0000

Yelp Inc priced its initial public offering of class A common stock at $15 a share, above the expected price range, valuing the U.S. consumer review website at nearly $900 million. Link Related Posts: Merchants using #Groupon and #LivingSocial get downgraded fast on Yelp by their customers Study: businesses that run “daily deals” on Groupon are likely to see their reputation decline Yelp to scale down its Yelp Deals as the revenue drops One of the toughest careers out there is being an entrepreneur Wow! #Facebook buys Instagram for $1 billion

Bill Clinton increases anti-Obama rhetoric, says we should embrace Keystone Pipeline

admin — Thu, 01 Mar 2012 04:21:10 +0000

Former President Bill Clinton said the federal government should embrace the Keystone XL pipeline that the Obama administration rejected last month. Clinton also said that one of the “best things” about being out of office is “you can say whatever the heck you want.” Link Related Posts: Poll: Romney opens 8 point lead over Obama Obama labels as ‘criminals’ and anti-American those who donate to Romney Obama launches war against stay-at-home moms, Twitter reacts Porn industry advocates to vote for @BarackObama [VIDEO] Rick Santorum calls Obama “a government nigger”

Green energy company given Obama stimulus funds lays off 125 workers, gives pay raise to executives

admin — Sun, 26 Feb 2012 20:29:09 +0000

An electric car battery company reportedly has laid off 125 employees since receiving $390 million in government subsidies, but is still handing out big pay raises to company executives. Link Related Posts: Bill Clinton: Don’t increase taxes for millionaires Obama calls Americans “soft”, blames them for country’s economic trouble Barack #Obama blames Arab revolutions and Greek debt crisis for lack of #jobs and economic growth in America Obama: I spoke to God, he told me to create jobs in America, that’s why you should vote for me in 2012 Jon Corzine: The Dark Side of Leadership

Groupon captures 76% of daily deals market in Poland

admin — Sun, 26 Feb 2012 17:32:43 +0000

According to Poland’s Gazeta Prawna, Groupon has captured 76.08% of the daily deal market in Poland with 286,6 million of PLN ($91 million) in sales in 2011. The next largest competitor is a local clone of Groupon – the Gruper which captured 12,13% of the market share. Link Related Posts: Analysts: It’s time to sell Groupon’s stocks SEC filings: Groupon has not yet made a $1 of profit, maybe it will…. by 2013 Merchants using #Groupon and #LivingSocial get downgraded fast on Yelp by their customers #Groupon cost of acquiring one customer = $23.46, marketing expenditures in 1-2Q ’11 = $378.7 million SEC demands #Groupon change its creative accounting practices if it wants to do an IPO… and its official revenue drops by 54.8%

Groupon becoming the new Amazon: Offering Deals With No Time Limits

admin — Thu, 16 Feb 2012 15:21:27 +0000

According to Fox Business, Groupon is currently testing an idea of offering discount deals without time limits. Well, we already tested it at BabyBluu.com and it works better for us than the time limited approach. As far as Groupon is concerned, the new strategy may be needed to lower the company’s costs associated with its large . . . → Read More:

The app economy created 466K jobs in America already

admin — Wed, 15 Feb 2012 04:22:16 +0000

Report: A research by TechNet shows that the app economy in the United States already created over 466.000 jobs. According to the report, the estimation is rather conservative, meaning that the 446K number would be actually lower than the real number of jobs created. Read entire report here Related Posts: One of the toughest careers out there is being an entrepreneur Wow! #Facebook buys Instagram for $1 billion Our BabyBluu.com gets its first star on eBay for superb customer service Zynga moves its future away from Facebook, launches its own gaming platform Yelp Prices IPO Valued at $900M

Zynga loss jumps to $435 million, stocks down

admin — Wed, 15 Feb 2012 04:01:07 +0000

Fox Business: “The San Francisco-based company reported that it swung to a loss of $435 million in the quarter ended in December, compared to a profit of nearly $43 million in the period a year earlier. Sales rose to $311.2 million. On an adjusted basis, earnings were 5 cents a share.” Link Related Posts: Zynga moves its future away from Facebook, launches its own gaming platform Zynga secures $1 billion credit line, contemplates delaying IPO if market turbulences continue One of the toughest careers out there is being an entrepreneur Wow! #Facebook buys Instagram for $1 billion Our BabyBluu.com gets its first star on eBay for superb customer service

Jon Huntsman joins Ford Board of Directors

admin — Fri, 10 Feb 2012 01:06:19 +0000

Motor Trend: “Two senior executives at Ford Motor Company have announced they will retire in April, and Ford announced it will place former Republican presidential candidate Jon Huntsman, Jr. on its board of directors.” Link Related Posts: Jon Huntsman’s plan to create jobs in America Jon Huntsman: ‘We’ve Forgotten to Put Country First’ Green energy company given Obama stimulus funds lays off 125 workers, gives pay raise to executives NYTimes: Jon Huntsman to drop out of GOP race on Monday morning The largest SC newspaper endorses @JonHuntsman for President

Analysts: It’s time to sell Groupon’s stocks

admin — Thu, 09 Feb 2012 02:32:59 +0000

MoneyShow.com: “While Groupon (GRPN) has quickly made a name for itself, this recent IPO appears ripe for selling. The company does not appear to have an economic moat, and even after falling after the IPO, the stock still looks richly valued. Caveat emptor! Heavy spending and rapid expansion has helped Groupon establish a market for “daily deals” . . . → Read More:

Greece decreases pensions, minimum wages by 20%, GDP to shrink by 5%

admin — Thu, 09 Feb 2012 02:11:35 +0000

Bloomberg: “Greece will pledge permanent spending cuts, including lower pension payments and a 20 percent reduction in the minimum wage, as the economy contracts this year at a faster pace than originally estimated, according to the draft of a new financing deal with the European Union and International Monetary Fund.” Link Related Posts: Greek default will happen sooner or later Barack #Obama blames Arab revolutions and Greek debt crisis for lack of #jobs and economic growth in America Lithuania wants to buy an island from Greece to help it with debt crisis If Euro-zone disintegrates a 3rd World War in Europe will start China to bailout Greece

Report: MBA degrees now less valuable than undergrad degrees in IT or engineering

admin — Thu, 09 Feb 2012 00:59:00 +0000

Inc.com: “Not according to a recent white paper from Identified, tellingly entitled “Revenge of the Nerds.” The company, which analyzes Facebook profiles, combed through its database, culling information on the profiles of CEOs and founders to see what path they took to entrepreneurial success. The result: Three times as many had advanced degrees in engineering . . . → Read More:

U.S. company making Santorum sweater vests is booming

admin — Thu, 02 Feb 2012 23:05:12 +0000

The Bemidji Pioneer: “Republican presidential candidate Rick Santorum’s call for a return to “Made in America” production also includes “Made in Bemidji” as part of his campaign. The former U.S. senator from Pennsylvania donned a royal blue sweater vest during the Iowa caucus campaign. When he came in a close second to Mitt Romney (and . . . → Read More:

Facebook to reach 1B active users in August, that’s 14% of the world

admin — Sun, 29 Jan 2012 17:18:16 +0000

VentureBeat: “Facebook is soon to have 14 percent of the world’s population all to itself. A new study says the social network will hit one billion users this year. Gregory Lyons, a senior analyst at digital marketing firm iCrossing, ran the numbers based on Facebook’s past growth and found that Facebook will probably hit the milestone in August 2012. . . . → Read More:

Yahoo revenue down 13 percent in Q4

admin — Sun, 29 Jan 2012 17:12:38 +0000

VentureBeat: “Yahoo‘s revenue dropped 13 percent compared to the same period last year, the company reported today. In its quarterly earnings’ announcement Tuesday, Yahoo reported $1,324 million in GAAP revenue for the fourth quarter of 2011, while costs increased by 10 percent. Excluding traffic acquisition costs from Yahoo’s partnership with Microsoft and others, the . . . → Read More:

Facebook to go Public on the NYSE – Shares Priced Between $38 and $40

admin — Sun, 29 Jan 2012 16:02:48 +0000

DailyDealMedia: “PrivCo, a New York firm and ‘The Private Company Financial Data Authority’ that tracks private companies, believes that Facebook plans to file IPO documents as early as late Tuesday (1/31) or early Wednesday (2/1). This makes total sense and explains why secondary trading in Facebook shares was halted or frozen this past week. There . . . → Read More:

10 Daily Deal Sites that Received Big Cash Funding in 2011

admin — Fri, 23 Dec 2011 20:11:02 +0000

DailyDealMedia.com: “Despite the down economy there seemed to be no shortage of venture capital and other forms of investment within the daily deals and group buying industry for 2011. Some companies pulled in some pretty big bucks this year to keep their businesses growing. In July Daily Deal Media reported that in the first . . . → Read More:

The Gilt Groupe May Approach $1 Billion in Revenues in 2012

admin — Sun, 27 Nov 2011 17:16:08 +0000

DailyDealMedia.com: “Kevin Ryan (CEO of Gilt) commented on and addressed many concerns with The Financial Times. Ryan insists the economy impacts Gilt “less than you’d think … a recession is slightly more helpful for me.” Ryan expects Gilt’s annualized turnover will be close to $1 billion after posting gross sales of $500 million in . . . → Read More:

Did you invest in Groupon’s stocks? You must be an idiot: Groupon’s valuation drops by $5.7 billion in just 3 days

admin — Fri, 25 Nov 2011 06:06:32 +0000

DailyDealMedia.com: “The weak close in GRPN is a bad omen for Friday. Shares of GRPN continue to trade lower in the aftermarket. The only bright spot today is that markets are closed tomorrow. At least we get a reprieve for 24 hours from more market bleeding. As I mentioned yesterday, once GRPN broke below . . . → Read More:

Groupon’s founder named Entrepreneur of the Year by Ernst & Young

admin — Wed, 16 Nov 2011 03:49:16 +0000

Chicago Business: ”

Groupon Inc. founder Andrew Mason was named emerging entrepreneur of the year by Ernst & Young on Sunday.

Andrew Mason

The “emerging” category is one of 10 divisions in the global accounting firm’s national awards program. Other finalists in the category included Tim O’Shaughnessy of Groupon’s Washington, D.C.-based rival, LivingSocial Inc.

Read . . . → Read More:

Obama: I spoke to God, he told me to create jobs in America, that’s why you should vote for me in 2012

admin — Thu, 03 Nov 2011 01:56:38 +0000

The Hill: “President Obama invoked God on Wednesday as he criticized Congress for voting on commemorative coins and a resolution reaffirming “In God We Trust” as the national motto in all public buildings, public schools and other government institutions. “That’s not putting people back to work,” Obama said. “I trust in God, but God wants . . . → Read More:

These Two Companies Won’t Last Another Five Years

admin — Thu, 03 Nov 2011 00:46:32 +0000

Wall Street Daily: “Later this week, daily deal juggernaut, Groupon (Proposed Ticker: GRPN), is scheduled to go public. The company plans to price shares between $16 and $18 and raise $510 million.

But I wouldn’t invest in the deal at any price!

Just like I shared yesterday about Netflix (Nasdaq: NFLX), I’m convinced Groupon won’t be around in five years.” Link . . . → Read More:

Jon Corzine: The Dark Side of Leadership

admin — Tue, 01 Nov 2011 13:28:39 +0000

This is a bad week for the already wrecked financial markets. Not only Greece’s Prime Minister shocked the world by announcing that his country will conduct a referendum whether to accept a bail out package from the European Union, but now MF Global Holdings Ltd. filed for bankruptcy, being the largest one since the fall of . . . → Read More:

World Bank: It’s easier to do business in Rwanda than in United States

admin — Sun, 30 Oct 2011 16:10:32 +0000

World Bank, a Washington D.C.-based international body, just released its new Economy Rankings (Ease of Doing Business Index), which measure business regulations around the globe. The best place to do business is Singapore, followed by Hong Kong, New Zealand, U.S., Denmark, Norway, UK, South Korea, Iceland and Ireland. Most interestingly, countries like the United . . . → Read More:

5 ways the European debt crisis could affect the U.S.

admin — Sat, 29 Oct 2011 15:26:17 +0000

USA Today: “The financial crisis that began in the United States in late 2007 swept across the Atlantic Ocean to Europe. Now, U.S. political and financial leaders are hoping a tentative deal to relieve Europe’s government debt crisis will prevent a similar tsunami in reverse.” Link Related Posts: Lithuania wants to buy an island from Greece to help . . . → Read More:

MBA’s from top business schools seek to occupy Wall Street

admin — Fri, 21 Oct 2011 02:58:30 +0000

WSJ: “Financial-services industry hiring at the big Master of Business Administration programs hit a post financial-crisis high this year. Employers such as banks, hedge funds, investment managers, private equity and venture capital firms hired 39% of job-seeking 2011 graduates at Harvard Business School and the Yale School of Management, 36% at the Stanford Graduate . . . → Read More:

Car company gets $529M U.S. governmental loan and with Obama’s approval builds cars in Finland

admin — Fri, 21 Oct 2011 01:53:24 +0000

ABC News: “With the approval of the Obama administration, an electric car company that received a $529 million federal government loan guarantee is assembling its first line of cars in Finland, saying it could not find a facility in the United States capable of doing the work.” Link Related Posts: GOP introduces legislation allowing millionaires like Obama and Warren Buffett to donate their entire fortunes to pay off public debt Bill Clinton: Don’t increase taxes for millionaires Obama calls Americans “soft”, blames them for country’s economic trouble Barack #Obama blames Arab revolutions and Greek debt crisis for lack of #jobs and economic growth in America Obama’s new plan: let’s hit the economy with new tax hikes, it will stimulate everbody

Entrepreneurs: Herman Cain’s 9-9-9 would kill many small businesses especially in retail industry

admin — Tue, 18 Oct 2011 15:38:03 +0000

Inc.com: “Perhaps the biggest red flag for businesses is the 9 percent national sales tax Cain is proposing. Because the new sales tax would be added to existing state and local sales taxes, some cities would see sales taxes skyrocket.” Link Related Posts: Bill Clinton: Don’t increase taxes for millionaires Obama’s jobs plan to be paid for by tax increases on middle class families (JD’s, MD’s, MBA’s) Left wing millionaires ask Obama to take their money away and spend it for them for the good of the country Sarah Palin and Herman Cain: Vote for Newt! Miami Herald: If Herman Cain falls Jon Huntsman will rise

GOP introduces legislation allowing millionaires like Obama and Warren Buffett to donate their entire fortunes to pay off public debt

admin — Sat, 15 Oct 2011 15:43:32 +0000

Fox News: ““If individuals like Warren Buffett or President Obama are inclined to donate their own personal money toward paying down the federal government’s debt, they ought to have that right to do so voluntarily,” Thune said. “This bill would make it easier for those wealthy individuals who feel they are currently under-taxed to . . . → Read More:

U.S. Consumer Confidence Index drops to 2 years low

admin — Fri, 14 Oct 2011 13:29:56 +0000

Rasmussen poll: “The Rasmussen Consumer Index, which measures the economic confidence of consumers on a daily basis, dipped five points on Friday to 58.1, the lowest level measured since March 11, 2009.” Link Related Posts: Green energy company given Obama stimulus funds lays off 125 workers, gives pay raise to executives Jon Huntsman joins Ford Board of Directors Jon Corzine: The Dark Side of Leadership World Bank: It’s easier to do business in Rwanda than in United States 5 ways the European debt crisis could affect the U.S.

Standard & Poor’s downgrades Spain’s credit rating

admin — Fri, 14 Oct 2011 13:07:54 +0000

BBC News: “Standard & Poor’s (S&P) has cut Spain’s long-term credit rating by one notch, from AA to AA-, because of weak growth and high levels of private sector debt.” Link Related Posts: Green energy company given Obama stimulus funds lays off 125 workers, gives pay raise to executives Jon Huntsman joins Ford Board of Directors Jon Corzine: The Dark Side of Leadership World Bank: It’s easier to do business in Rwanda than in United States 5 ways the European debt crisis could affect the U.S.

Bill Clinton: Don’t increase taxes for millionaires

admin — Fri, 14 Oct 2011 03:28:19 +0000

Politico: “Former President Bill Clinton’s position on when the government should raise taxes took another turn during his Wednesday night appearance on the “Late Show with David Letterman.” Clinton said last night he does not think now is the time to raise taxes on anyone because the economy is not growing, but advocated for . . . → Read More:

Congressman Jesse Jackson Jr.: Obama should suspend Constitution and start implementing his Jobs Act without Congress approval

admin — Thu, 13 Oct 2011 12:38:39 +0000

The Daily Caller: “Illinois Democratic Rep. Jesse Jackson, Jr. told The Daily Caller on Wednesday that congressional opposition to the American Jobs Act is akin to the Confederate “states in rebellion.” Jackson called for full government employment of the 15 million unemployed and said that Obama should “declare a national emergency” and take “extra-constitutional” action . . . → Read More:

Lithuania wants to buy an island from Greece to help it with debt crisis

admin — Sat, 08 Oct 2011 14:47:36 +0000

AP: “Controversial Lithuanian mayor Arturas Zuokas on Friday said his nation should buy an island from debt-ravaged Greece and convert it into a holiday resort for tourists from the Baltic state.” Link Related Posts: 5 ways the European debt crisis could affect the U.S. Barack #Obama blames Arab revolutions and Greek debt crisis for lack of #jobs and economic growth in America Tim Geithner, Treasury Secretary of broke America, lectures Europe to solve its escalating debt crisis Greek default will happen sooner or later Greece decreases pensions, minimum wages by 20%, GDP to shrink by 5%

Steve Jobs dies at 56. Thank you for everything, Steve. You were great inspiration!

admin — Thu, 06 Oct 2011 01:11:09 +0000

Washington Post: “Steve Jobs, the brilliant, mercurial co-founder of Apple Inc. who introduced simple, elegantly designed computers for people who are more interested in what technology could do rather than how it was done, died Oct. 5 at age 56.” Link Related Posts: Apple stocks drop 7% after Steve Jobs resigns as CEO Apple stock hits $411.50, its highest level ever Wal-Mart, Amazon, Apple fight for overseas customers as the value of dollar is expected to go down significantly The era of BlackBerry is fading: company to start laying people off How to create jobs in America, not in China?

Poll: 52% would fire Obama, 38% would not if he was a CEO of their company

admin — Sun, 02 Oct 2011 18:37:57 +0000

FoxNews: “If Barack Obama were president of a major U.S. company, he’d be fired by now. That’s what American voters think — by a 52-38 percent margin.” Link Related Posts: Obama calls Americans “soft”, blames them for country’s economic trouble Joe Biden on WLRN Radio: Americans should blame Obama for the economy, not Bush Barack #Obama blames Arab revolutions and Greek debt crisis for lack of #jobs and economic growth in America Obama Jobs Program Would Help For A Year Ranking: Which President created the most jobs in the U.S?

Obama calls Americans “soft”, blames them for country’s economic trouble

admin — Fri, 30 Sep 2011 23:14:20 +0000

Mail Online: “Barrack Obama claims the U.S. had ‘gotten a little soft’ in the last couple decades and needs to ‘get back on track’. The president was talking about the state of the economy during an interview with a local TV station from Orlando, Florida, when he made the comments.” Link Related Posts: Barack #Obama blames Arab revolutions and Greek debt crisis for lack of #jobs and economic growth in America @JonHuntsman: #Obama is a nice guy but he has failed his country Bill Clinton: Don’t increase taxes for millionaires Joe Biden on WLRN Radio: Americans should blame Obama for the economy, not Bush Obama Jobs Program Would Help For A Year

Joe Biden on WLRN Radio: Americans should blame Obama for the economy, not Bush

admin — Thu, 29 Sep 2011 20:02:49 +0000

Daily Caller: “Vice President Joe Biden told Florida radio station WLRN on Thursday that voters should hold President Barack Obama, not former President George W. Bush, accountable for the poor state of America’s economy.” Link Related Posts: Barack #Obama blames Arab revolutions and Greek debt crisis for lack of #jobs and economic growth in America Obama Jobs Program Would Help For A Year Ranking: Which President created the most jobs in the U.S? Poll: Romney opens 8 point lead over Obama Obama labels as ‘criminals’ and anti-American those who donate to Romney

Barack #Obama blames Arab revolutions and Greek debt crisis for lack of #jobs and economic growth in America

admin — Tue, 27 Sep 2011 20:31:13 +0000

The Telegraph reported that President Barack Obama “speaking at a town hall meeting in Mountain View, California [...] said that the recovery of the US economy was being hampered by setbacks this year due to problems around the world, including rising energy prices driven by the Arab Spring uprisings and worries about the financial . . . → Read More:

37% Americans favor, 42% oppose Obama’s deficit reduction plan which includes tax hikes for the millionaires

admin — Thu, 22 Sep 2011 19:32:28 +0000

Obama’s deificit reduction plan slowly starts to look like another politically misjudged move. According to Rasmussen poll: “37% of Likely Voters favor the deficit reduction plan proposed by the president, while 42% oppose it. Another 21% are not sure.” Interestingly, 55% favor one part of that plan and that is the tax hikes on millionaires. . . . → Read More:

24% of Americans say their finances are in poor shape

admin — Wed, 21 Sep 2011 13:14:07 +0000

According to Rasmussen survey: “Thirty percent (30%) of adult consumers rate their personal finances as good or excellent, while 24% rate them as poor.” Link Related Posts: Green energy company given Obama stimulus funds lays off 125 workers, gives pay raise to executives Jon Huntsman joins Ford Board of Directors Jon Corzine: The Dark Side of Leadership World Bank: It’s easier to do business in Rwanda than in United States 5 ways the European debt crisis could affect the U.S.

IMF downgrades outlook for US and Europe economies

admin — Tue, 20 Sep 2011 15:24:42 +0000

Forbes: “The world economy has entered a “dangerous new phase,” according to the chief economist of the International Monetary Fund. As a result, the international lending organization has sharply downgraded its economic outlook for the United States and Europe through the end of next year.” Link Related Posts: Barack #Obama blames Arab revolutions and Greek debt crisis for lack of #jobs and economic growth in America Tim Geithner, Treasury Secretary of broke America, lectures Europe to solve its escalating debt crisis If Euro-zone disintegrates a 3rd World War in Europe will start U.S. Damaged Regardless of Debt Default Stalemate Resolution IMF to Congress: Raise Taxes & Cut Spending

Obama Jobs Program Would Help For A Year

admin — Mon, 19 Sep 2011 20:06:02 +0000

The Post-Journal: “What the college students were not told is that President Obama’s plan would affect small businesses in another way. He wants higher taxes on individuals earning more than $200,000 a year and families above $250,000. It happens many small-business owners fall into those categories. If anything, the Obama plan could hurt rather than . . . → Read More: