Tag Archive | "economy"

Tweeted News Network mobile – A Different Social News Distribution Model

Tweeted News Network mobile – A Different Social News Distribution Model

Q: What is the name of your business and URL of your APP? twenn – Tweeted News Network mobile by BlackWhiteSourcing. URL:http://itunes.apple.com/app/id510461077?mt=8 Q: A brief synopsis of the smart phone app? twenn mobile is an innovative news distribution app. Using social media, instead of RSS technology, twenn mobile gives users convenient access to the latest [...]

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EZGovOpps Streamlines Contractors’ Hunt for Viable Government Contracts, Offers Affordable & Valuable Market Intel

EZGovOpps Streamlines Contractors’ Hunt for Viable Government Contracts, Offers Affordable & Valuable Market Intel

Imagine trying to bake a cake but being unable to afford the cost of milk, eggs, or butter–the key ingredients you need. That’s what it’s like for small businesses and start-ups across America whose tight budgets preclude them from accessing essential business resources, such as market intelligence. I watched this occur in the government contracting [...]

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California’s number two export to China is . . .

California’s number two export to China is . . .

We still make trash better than anyone else on the planet. Trash. Clusterstock reports that California is the number one exporter to China with, natch, computers and tech leading the charge at $3.3 billion, but with good old plain American garbage as a close second at a whopping $2.3 billion. California, as we all know, [...]

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The small business recession continues . . .

The small business recession continues . . .

What recovery? Making the rounds below the radar are the November 11 comments from the ever-wise Jan Hatzius, senior economist at Goldman Sachs, about how the current “recovery” statistics don’t include much of the small business picture, particularly small businesses shutting down. Today’s comment attempts to gauge whether the recent official estimates might have overstated [...]

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So what do those bad retail numbers mean?

Nothing, really. The media love dramatic headlines and terrifying opening sentences, so “the sharpest drop in retail sales this year,” sounds the perfect panic note. But it helps to keep that 1.5% drop in retail sales in some perspective. Last month, retail sales increased 2.2%, of which 1.7% was solely attributable to the Cash For [...]

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The Roundup September 29

The Roundup September 29

For the real estate agent, it’s a “starter home.” For the seller, it’s a “fixer-upper.” For the buyer, it’s a “pile of crap.” If they can agree on a price, for the statistician, it’s an “outlier.” Here endeth the statistics lesson. Housing prices have gone up for the third straight month! Unless, of course, housing [...]

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This is Forbes magazine?

This is Forbes magazine?

Surely, there’s some biblical prophecy about what happens when Forbes magazine (mostly) agrees with Michael Moore. In response to Michael Moore’s new film, Capitalism: A Love Story, the editors of Forbes have responded with a piece titled “The Whole Point of Capitalism.” So far, nothing unexpected or surprising from a magazine whose cover story during [...]

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So what exactly is a reverse repo and why should I care?

So what exactly is a reverse repo and why should I care?

Don’t panic! I’m an economist! Last week, Ben Bernanke announced that the recession maybe just possibly could be there’s a chance cross your fingers might be over. Unless, he added, maybe just possibly could be there’s a chance the recession might not be over. Today, news leaked that the Fed is drawing up plans to [...]

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The Roundup August 21

And in genuinely good news for the economy . . . Sales of previously owned single-family homes were up 7.2% compared with June and 5% from July 2008, The National Association of Realtors (NAR) reported Friday. The monthly gain was the largest on record for existing-home sales, which NAR has tracked since 1999. (“http://money.cnn.com/2009/08/21/real_estate/home_sales_rise_in_July/index.htm?postversion=2009082114,” CNN [...]

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The Roundup August 17

It may not be “business,” but it’s not like there’s any news on Fox News, either. The News Corporation needs television viewers to find the Fox Business Network, and it thinks the cowboy-hat-wearing radio host Don Imus could help. . . . So far the upstart’s audience is measly. Nielsen Media Research estimates that in [...]

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The Roundup August 12

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The Roundup August 7

Further proof that the jobs economy is slowly being replaced by a post-employment economy. For the first time since the Depression, the American economy has added virtually no jobs in the private sector over a 10-year period. . . .For the decade, there was a net gain of 121,000 private sector jobs, according to the [...]

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The Roundup July 31

The Roundup July 31

They’re having a great recession on Wall Street! The big bonus was for scamming the Bush Administration. Nine banks that received government aid money paid out bonuses of nearly $33 billion last year — including more than $1 million apiece to nearly 5,000 employees — despite huge losses that plunged the U.S. into economic turmoil. [...]

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Why CIT matters

Why CIT matters

Where the CIT failure will be felt first . . . In the grand guignol of faltering banks, CIT, which ranks 26th in size, seems little more than a sideshow in the wholesale slaughter of giants like Lehman, Bear Stearns, and WAMU. It’s imminent demise, despite its desperate, last minute loan of $3 billion, however, [...]

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The Roundup July 20

The Roundup July 20

I hear they’re hiring at CIT. The good news first? The bad news isn’t as bad as we thought. More plans to build homes, higher stock prices and fewer people filing first-time claims for jobless aid sent a private-sector forecast of American economic activity higher than expected in June. It was the third consecutive monthly [...]

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The Roundup July 17

The Roundup July 17

If the Senate can have clowns, why can’t Treasury have a cartoonist? If you don’t have a sense of humor about these things, they’re not funny. The Treasury Department is scrapping plans to hire a cartoonist to lighten the mood of its employees who manage the nation’s $1.2 trillion debt, after a senator questioned its [...]

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The Biz Roundup June 29

The Biz Roundup June 29

“Be seeing you.” 150 years. Bernard Madoff, the self-confessed author of the biggest financial swindle in history, was sentenced to the maximum 150 years behind bars for what his judge called an “extraordinarily evil” fraud that shook the nation’s faith in its financial and legal systems and took “a staggering toll” on rich and poor [...]

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The Roundup June 26

The billions of dollars that people are going to make on Michael Jackson’s death started yesterday on the Web. For Yahoo News, Jackson’s passing drew an even bigger crowd than Obama’s swearing-in. The site set a one-day record for unique visitors with 16.4 million, topping the 15.1 million visitors drawn on election day. Four million [...]

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The Roundup June 24

Before you give away the store, you might want to check with the franchisees who own the store. The sit-down casual segment of the restaurant industry has traditionally competed more on advertising and location than price, but these days, the chains appear to have little choice. Consumers hurt by the recession are eating out less. [...]

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The Roundup June 18

The Roundup June 18

Ford unveils its new hybrid. Get ready for Bailout 3: Found On Road Dead With GM (GMGMQ) and Chrysler using the bankruptcy process to shed much of their own debt cheaply and quickly, Ford has gone from the automaker with the most cash on hand to the one with the most debt on its books. [...]

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