Posts Tagged ‘economy’
News - Wednesday, February 25, 2009 11:34 - 0 Comments
Obama Sends Message Of Hope
In case you missed President Obama’s speech Tuesday night…
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Obama’s message to America was that while we need to take responsility for our finances and futures, we will get through these difficult financial times. The president also spoke about specific ways the stimulus bill will benefit individuals.
“Even in the most trying times, amid the most difficult circumstances, there is a generosity, a resilience, a decency, and a determination that perseveres; a willingness to take responsibility for our future and for posterity,” he said.
Politics - Tuesday, February 17, 2009 0:35 - 2 Comments
House Says Yes To Obama’s Stimulus
The House approved President Obama’s stimulus plan with a 246 to 183 vote.
The $787 billion stimulus is 36 percent tax cuts and 64 percent spending for social programs. The most important aspect of this plan is that Obama plans to create over 3.5 million jobs.
The republican opposition to the plan, says it spends too much on unnecessary programs. Maybe they’re romancing of the times of Bush’s famed $1.35 trillion tax cut package of 2001? Which reminds us, does anyone know how we got into this crisis?
In a BBC News article, Republican representative Mike Pence said before the vote, “The only thing the Democrats’ stimulus bill will do is stimulate more government and more debt.”
There go Obama’s plans for bipartisanship in Washington.
Politics - Friday, December 19, 2008 16:03 - 2 Comments
Federal Interest Rate Cut
The Federal Reserve announced this week that it is cutting the key interest rate from 1% to range from 0% to .25%. This is a drastic change and is the first time that the rate has fallen bellow 1%. The Fed’s range is also a new measure since the interest rate is usually a set number.
News - Wednesday, December 10, 2008 23:47 - 3 Comments
The NFL Fumbles
The NFL is planning to cut 150 jobs or 14% of their staff after this seasons Super Bowl as a result of the ongoing recession. According to the New York Times, sales of NFL merchandise have declined and new-media deals have slowed due to the economy. At the same time operating costs have risen.
NFL Commissioner Roger Goodell said in a memo: “These are difficult and painful steps. But they are necessary in the current economic environment. I would like to be able to report that we are immune to the troubles around us, but we are not.”
Football fans don’t need to worry as Goodell assures “Properly managed…the N.F.L. will emerge stronger, more efficient and poised to pursue long-term growth opportunities.”
The job cuts will not affect NFL teams as they are not owned by the league. However, the cuts will affect employees working at the NFL’s New York headquarters, NFL films in New Jersey and the NFL Networks in LA.
Business - Friday, October 10, 2008 9:23 - 7 Comments
What Economic Crisis?
The economy is in the pooper. The entire country is on edge as our nation’s future will be decided in just 24 days. But you’d never know that reading these two news stories!
On Thursday, LVMH, the luxury empire behind Hennessy, Moet & Chandon and Louis Vuitton announced its third quarter sales were up 6 percent. Meanwhile, retail stocks have been tumbling for weeks, more and more people are losing their jobs and a few states are in danger of running out of unemployment funds.
Who’s buying all the Louis?
On Newsstands NOW!
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