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economy

Source:  masmediaspace via flickr
Source: masmediaspace via flickr
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Duluth Merchants Invite You To Shop Small Business Saturday

Help our Northland economy!  Get some great deals!  Take care of some of your Christmas shopping!  There are many reasons to shop Small Business Saturday  - November 24th.

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(Photo by Chip Somodevilla/Getty Images)
(Photo by Chip Somodevilla/Getty Images)
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Not So Fast: Obama’s Spending Plans Will Raise Middle Class Taxes According To Watchdog Group

It may have sounded good in theory, but a non-partisan watchdog group has released their findings that Obama's pledge to not raise taxes on the middle class doesn't hold water.
A new study by Douglas Holtz-Eakin of the American Action Forum finds that President Barack Obama's spending plan would raise taxes on the middle class

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Source:  Gerard Stolk via flickr
Source: Gerard Stolk via flickr
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McDonalds Profits Falter For The First Time Since 2003

They made it through the recession seemingly unscathed.  During the most-recent economic downtown, McDonalds enjoyed plenty of black ink while their rivals saw red.  Now it seems that the tables might be turning

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(Photo by Chip Somodevilla/Getty Images)
(Photo by Chip Somodevilla/Getty Images)
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Gas Prices To Rise Due To Drought Conditions; Could Play A Negative Role In The U.S. Recovery

The careful news follower has already heard about the expected rise in prices at the grocery store due to this summers harsh drought conditions across the country.  What you may not have expected was how this dry season will affect prices at the gas pumps

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Jeremiahlowell
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Expect More Chicken And Less Burgers In McDonald’s Future

Blame the economy.  Blame the health nuts.  Blame fierce competition.  McDonald's new CEO has arrived, and he's ready to play chicken with America's favorite restaurant.

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Source:  San Diego Shooter via flickr
Source: San Diego Shooter via flickr
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Hooters-Style Restaurants Thrive Despite The Bad Economy

Financial watchers are divided on how restaurants fare during a downturn in the economy.  Some schools say that the food and restaurant industry is "bullet proof" - and that food is a necessity;  Others say that going out to eat at a restaurant is a "disposable purchase" - one that people tend to cut back on when money is tight.

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Category: Business News, Food Tags: ,
(Photo by Roger L. Wollenberg-Pool/Getty Images)
(Photo by Roger L. Wollenberg-Pool/Getty Images)
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Food Service Employees Not Treated Well – As Washington Cites Job Growth In That Sector

Washington Insiders continue to boast about how well the economy is doing;  One of the service areas that gets trumpeted as seeing growth is the restaurant and food industry.  And while it's true that there has been some growth there over the last few years, it comes at a price.

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(Photo by Chris Kleponis-Pool/Getty Images)
(Photo by Chris Kleponis-Pool/Getty Images)
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Is This How We Move Forward? Unemployment Numbers Jump Again

8.2%.  That's the newest unemployment number;  Up - again - from last quarter.  At the same time, GDP growth also slowed - from 3% to 1.9% - signs that our economy if far from being in a good spot.

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(Photo by Bryan Bedder/Getty Images)
(Photo by Bryan Bedder/Getty Images)
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Sesame Street Layoffs; Second Round Claims A Dozen Staffers

How's that economy working?  A dozen staff members of the venerable PBS children's show Sesame Street were layed-off yesterday.  The cuts came from the New York City office.

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Source:  JCPenney.com media
Source: JCPenney.com media
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JCPenney’s New Image Fails; Reports Large 1st Quarter Loss

Three months into JCPenney's new, "improved" image reveals one thing:  customers aren't impressed.  First Quarter numbers were recently posted, showing that the retailer was off by $163 million dollars.

Just prior the end of Q4 in 2011, JCPenney rolled out a

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(Photo by Chip Somodevilla/Getty Images)
(Photo by Chip Somodevilla/Getty Images)
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Retail Sales Slow To A Crawl

Despite the rosy reports coming from Washington, it appears that retail sales have slowed down to a stand-still.  The Commerce Department reported that retail sales figures grew only 0.1% in the the month of April - and forecasts for the summer aren't looking any better

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Category: Business News, US News Tags: ,
Source:  jcpenney.com media
Source: jcpenney.com media
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JCPenney’s Morale Problem

Earlier this year, JCPenney rolled out their new look and approach to retail sales - with a reduced emphasis on "sales" and "clearance" and more of an up-scale feel to their operations.  It was a direct effort to combat sluggish sales across the board in their stores.

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Category: Business News Tags: , ,

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