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Keyword: economy

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  • Silver-collar economy: Kalamazoo-area workers follow national trend in putting off retirement

    12/23/2012 12:21:34 PM PST · by 2ndDivisionVet · 14 replies
    The Grand Rapids Press ^ | December 23, 2012 | Yvonne Zipp
    KALAMAZOO, MI – It may be time to put away those rocking chairs and list the golf clubs on eBay. Whether driven by economic necessity or a desire to remain engaged, more people are punching clocks well past their 65th birthday. In 2012, one in nine men over age 75 was working, according to the U.S. Bureau of Labor Statistics, and one in 20 women over 75 were employed. That was the highest number recorded since the government started keeping those statistics in 1981. "I do think that a lot of people who are approaching later in life these days...
  • Protesters Target Hotels Offering Discounts to NRA Members

    12/22/2012 10:25:35 PM PST · by 2ndDivisionVet · 18 replies
    Breitbart's Big Government ^ | December 22, 2012 | Tony Lee
    A global activist group is targeting two large hotel chains because they give discounts to members of the National Rifle Association. The organization is putting pressure on the hotel chains to force them to disassociate from the gun-rights group after the Sandy Hook Elementary School massacre. The group, Avaaz, described as a "a global campaign network of 17 million people" is pressuring "Wyndham Hotels Worldwide – which owns Ramada, Days Inn, Wingate and Super 8 – and Best Western" because both organizations are listed as "friends of the NRA" on the NRA's website. Joseph Huff-Hannon, a senior campaigner at Avaaz,...
  • Experts Predict a Hiring Boom in 2013 (Hilarious!)

    12/22/2012 9:23:29 PM PST · by 2ndDivisionVet · 24 replies
    US News and World Report ^ | December 20, 2012 | David Francis
    Hiring is expected to pick up in the New Year, according to career counselors, but uncertainty surrounding the strength of the economy will likely prevent the hiring season from being as robust as in years past. Last month, the economy added 146,000 jobs, well beyond the expected 85,000 experts predicted. And a strong holiday shopping season is buoying hopes that December will beat expectations as well. "Historically, the first quarter of any fiscal year is always the best time to expect hires because of the normal cycle of business," says Robert Meier, president of Job Market Experts, a Florida-based firm...
  • Delta receives 22,000 applications for 300 flight attendant jobs

    12/22/2012 7:37:20 PM PST · by 2ndDivisionVet · 12 replies
    The Atlanta Business Chronicle ^ | December 21, 2012 | Carla Caldwell
    Atlanta-based Delta Air Lines, Inc., (NYSE; DAL) received 22,000 applications for about 300 flight attendant jobs after posting the positions outside the company last week. Reuters reports that Chief Executive Officer Richard Anderson told workers in a weekly recorded message that applications arrived at a rate of two per minute. “We are experiencing a phenomenal response to the job posting,” Anderson said. Applicants will be interviewed in January. New employees will begin flying in June in time for the company’s peak travel season...
  • 75 Economic Numbers From 2012 That Are Almost Too Crazy To Believe

    12/22/2012 5:59:14 AM PST · by blam · 16 replies
    TEC ^ | 12-22-2012 | Michael Snyder
    75 Economic Numbers From 2012 That Are Almost Too Crazy To Believe By Michael Snyder December 20th, 2012 What a year 2012 has been! The mainstream media continues to tell us what a "great job" the Obama administration and the Federal Reserve are doing of managing the economy, but meanwhile things just continue to get even worse for the poor and the middle class. It is imperative that we educate the American people about the true condition of our economy and about why all of this is happening. If nothing is done, our debt problems will continue to get worse,...
  • The Most Accurate Economist On Wall Street Sees A Big Bullish Wildcard For America

    12/21/2012 1:32:51 PM PST · by blam · 10 replies
    TBI ^ | 12-21-2012 | Sam Ro
    The Most Accurate Economist On Wall Street Sees A Big Bullish Wildcard For America Sam RoDec. 21, 2012, 2:05 PM One of the most bullish economic stories in the world has been the recent recovery of the U.S. housing market. Maury Harris, UBS's Chief U.S. Economist, is particularly optimistic considering the snapback of housing formation, which is now back above 1 million per year. We recently had lunch with Harris, who is repeatedly recognized as the most accurate economist on Wall Street and is one of Bloomberg's 50 most influential people in the world. Harris pointed to one housing market...
  • BOOMTOWN: D.C. house inspires 168 bids in red-hot real estate market

    12/21/2012 12:44:48 PM PST · by Poundstone · 12 replies
    The Washington Post ^ | December 21, 2012 | Annys Shin
    While much of the nation is still struggling to emerge from a historic housing-market meltdown, the District is reliving its boom days. High rents, low interest rates, low inventory, and a flood of new residents in their 20s and 30s are making parts of the city feel like it’s 2005 again. The median home sale price in the District is up 14 percent from last year, according to RealEstate Business Intelligence (RBI). And the average number of days houses spend on the market has fallen by nearly 30 percent, to 53 days.
  • Weekly jobless claims rise 17,000 to 361K

    12/21/2012 6:52:17 AM PST · by InterestedQuestioner · 13 replies
    CBS News ^ | 12/20/12 | AP
    The number of Americans applying for unemployment benefits rose last week by 17,000, reversing four weeks of declines.
  • The Coming China Economic Crisis

    12/20/2012 3:00:15 PM PST · by blam · 5 replies
    TMO ^ | 12-20-2012 | Clif Droke
    The Coming China Economic Crisis Economics / China EconomyDec 20, 2012 - 04:43 AM By: Clif Droke When Bert Dohmen talks, smart investors listen. In 2007 when most investment analysts and economists were downplaying the developing credit market troubles, Bert warned investors that the probability was very high that the troubles would escalate into full-blown crisis and would produce a crash of historic proportions. He chronicled the developing credit crisis in the pages of his newsletter and also published a book in early 2012 entitled, The Coming China Crisis, which provided his insightful views on the emerging crisis in depth....
  • Down And Out In California

    12/20/2012 11:09:16 AM PST · by blam · 16 replies
    The Daily Reckoning ^ | 12-20-2012 | Douglas French
    Down And Out In California By Douglas French 12/20/12 Gas in Vegas is a dollar cheaper a gallon than in the Golden State, or so a friend and recent LA transplant tells me. He went on to say the top tax rate in California is over 13%, while, of course, Nevada has no state income tax. Over dinner at Del Frisco’s, he explained how industries are being ruined by runaway government in his old home state. Nevada would surely benefit from businesses making their escape. Plenty of people are leaving California — nearly 700,000, I read somewhere — however, my...
  • The One Single Reason Why We're Going Over the Fiscal Cliff

    12/20/2012 9:04:51 AM PST · by Zakeet · 4 replies
    Zero Hedge ^ | December 20, 2012 | Phoenix Capital Research
    I’m going to lay out everything you need to know about the fiscal cliff negotiations. After reading this, you can ignore all of the media’s coverage of this topic as well as various politicians’ announcements pertaining to this subject. All you need to know consists of just one sentence. Politicians are in charge of this issue.These are the same folks who haven’t even produced a budget in four years. The same folks who have run $1+ trillion deficits for four years. The same folks who rarely if ever leave office as a result of their fiscal mistakes. In simple terms,...
  • JIM ROGERS: I'm A Gold Bull, But I Think Prices Will Tumble For A While Longer

    12/20/2012 6:16:13 AM PST · by blam · 5 replies
    TBI ^ | 12-20-2012 | Rajeshni Naidu-Ghelani
    JIM ROGERS: I'm A Gold Bull, But I Think Prices Will Tumble For A While Longer Rajeshni Naidu-Ghelani, CNBCDecember 20, 2012With gold prices being hammered in recent weeks, and trading near four-month lows on Wednesday, longtime gold bull Jim Rogers is sounding a word of caution, saying it's possible the correction in bullion may continue into the new year. "Just be careful, there're too many bulls, including me, but I'm very cautious," Rogers told CNBC. "Gold is having a correction— it's been correcting for 15-16 months now— which is normal in my view, and it's possible that [the] correction is...
  • GDP SOARS PAST EXPECTATIONS, RISING 3.1 PERCENT

    12/20/2012 6:07:24 AM PST · by blam · 22 replies
    TBI ^ | 12-20-2012 | Matthew Boesler
    GDP SOARS PAST EXPECTATIONS, RISING 3.1 PERCENT Matthew BoeslerDecember 20, 2012 U.S. economic output rose 3.1 percent in Q3 versus consensus estimates of a 2.8 percent gain. An increase in nonfarm private inventories was one of the largest single drivers of growth, contributing 1.1 percentage points to the number. Personal consumption growth came in at 1.6 percent versus expectations of a 1.4 percent rise. Below, the full text from the BEA: Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 3.1...
  • Shiller: Housing Hasn’t Necessarily Bottomed Yet

    12/20/2012 6:01:24 AM PST · by blam
    Pragmatic Capitalism ^ | 12-20-12 | Cullen Roche
    Shiller: Housing Hasn’t Necessarily Bottomed Yet 12/20/2012 1:39 AM Cullen Roche In an interview on CNBC earlier today Robert Shiller provided his outlook for housing. Shiller says house prices haven’t necessarily bottomed yet. “A lot of people seem to think that if the market turns around, that means more of the same, meaning another big boom.” … “I don’t think [a boom] is in the cards. We might see home prices go up a little bit, you know, a little bit above inflation, maybe. Not likely that we’ll see a real boom.” “I’d like to people getting optimistic again. Not...
  • What Is FedEx Telling Us About The Global Economy?

    12/20/2012 5:51:08 AM PST · by blam · 4 replies
    Pragmatic Capitalism ^ | 12-20-2012 | Cullen Roche
    What Is FedEx Telling Us About The Global Economy? 12/20/2012 3:04 AM Cullen Roche Everyone always thinks that Alcoa kicks off the earnings season, but I donÂ’t see it that way. The real earnings season kicks off with FedEx who usually reports well in advance of Alcoa and gives us a much more meaningful look into the state of the economy. So whatÂ’s the global bellwether telling us? Here are some of the key highlights from their earnings report yesterday and the conference call: â–  Guidance for the full-year was in-line with expectations after last quarterÂ’s big cut. That could...
  • Interview Steve Goreham- The Mad, Mad, Mad World of Climatism

    12/19/2012 2:40:37 PM PST · by 1pitech · 1 replies
    The Conscience of Kansas radio program ^ | 12-16-12 | Dr. Paul A. Ibbetson
    Dr. Paul A. Ibbetson on The Conscience of Kansas radio program on KRMR The Patriot 105.7FM interviews book author Steve Goreham on his new book, "The Mad, Mad, Mad, World of Climatism."
  • Experts predict 2013 restaurant trends

    12/19/2012 2:30:58 PM PST · by 2ndDivisionVet · 9 replies
    Pizza Marketplace ^ | December 19, 2012 | Alicia Kelso
    What trends will emerge — or accelerate — in the restaurant industry in 2013? Food, marketing, technology, equipment, whatever? We asked some of our most trusted experts for their opinions and came up with this compilation: "The restaurant industry will continue to be challenged by rising commodities prices. Fraud will continue to trend upward with increases in credit card skimming, and theft schemes; and the threat of late night robbery is ever present (particularly as more restaurants add more hours). Mitigating and preventing these losses with sound loss prevention strategies must become a priority to stay competitive in the marketplace."...
  • We’re Going to be in a New Recession-John Williams

    12/19/2012 1:58:51 PM PST · by Errant · 9 replies
    USAWatchdog.com ^ | 19 December, 2012 | Greg Hunter
    Economist John Williams thinks the economy is in worse shape than most people think. In 2013, Williams predicts, “As this goes forward, you’re going to see we’re going to be in a new recession.” The Federal Reserve announced last week it is now printing a total of $85 billion every month to reduce unemployment and stimulate the economy. Williams says, “That’s nonsense. . . . There’s nothing they can do to stimulate the economy.” Williams has long contended the Fed is really just using the weak economy to continue to prop up the banking system. Williams says, “If the Fed...
  • Slow demand forces Titan to lay off 60 (Last in a series of 150 layoffs at 3 midwestern plants)

    12/19/2012 10:06:18 AM PST · by 2ndDivisionVet · 4 replies
    Rubber News ^ | December 19, 2012 | Mike McNulty
    FREEPORT, Ill.—Titan International Inc. has laid off about 60 workers at its plant in Freeport because of slumping demand for construction tires. The cuts are the last in a series of layoffs that began shortly before the November election at the company's three U.S. tire plants, according to Titan CEO Maurice Taylor Jr. All the cutbacks are part of the firm's construction tire segment. Quincy, Ill.-headquartered Titan's tire factories in Bryan, Ohio, and Des Moines, Iowa, also experienced layoffs during the past two months, about 90 between the two facilities, Taylor said...
  • GUNDLACH: 'The Real Killer Will Be The Next Recession, And There Will Be One'

    12/19/2012 6:06:07 AM PST · by blam · 14 replies
    TBI ^ | 12-19-2012 | Sam Ro
    GUNDLACH: 'The Real Killer Will Be The Next Recession, And There Will Be One' Sam RoDec. 18, 2012, 5:37 PM Bond god Jeff Gundlach was on Bloomberg Television's "Market Makers" with Erik Schatzker and Stephanie Ruhle. Among other things, Gundlach is concerned about the prospect of another recession, which he thinks will happen thanks to spending cuts and tax hikes. We got out of the last recession thanks to the government racking up debt. The next time around, Gundlach thinks that type of fiscal policy won't be tolerated. Here's Gundlach: The real killer is going to be the next recession....