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recession

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 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 Olivier Douliery-Pool/Getty Images)
(Photo by Olivier Douliery-Pool/Getty Images)
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Beware: Fiscal Cliff Looms For U.S. Market

As a country, we've done nothing to manage our debt the last couple of years.  In fact - we've added to it at a record rate.  Wall Street-"dooms-dayers" foretell of a fiscal cliff that the market is headed for.

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(Photo by Chip Somodevilla/Getty Images)
(Photo by Chip Somodevilla/Getty Images)
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More Than What’s On The Surface As Obama Seeks New Powers

At first glance, Barrack Obama appears to be "making government work better" with his call for a change in his Presidential powers.  You could call it "answering the electorate's call for government efficiency"

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Category: US News Tags: , ,
(Photo by Joe Raedle/Getty Images)
(Photo by Joe Raedle/Getty Images)
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Jobless Claims Rise With The End Of The Holiday Season

So much for those "improving" unemployment numbers.  Last quarter, the Obama administration trumpeted the statistical fact that jobless claims had leveled off and actually dropped - even as analysts pointed out that this was due to the holiday/seasonal hiring season

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Paul Hamilton Flickr
Paul Hamilton Flickr
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Recession? What Recession? Americans Say ‘We’re Doing Better Than Our Folks’ — Survey of the Day

While the county has been going through an extended period of economic decline and uncertainty, a solid majority of Americans still think that they are ahead of where their parents were financially.

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Category: Lifestyle Tags: ,
Source:  ahmad nawawi via flickr
Source: ahmad nawawi via flickr
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Restaurant Slump May Signal Economic Slowdown

Economists theorize that we've been out of the recession since June 2009.  The recovery has been a slow one at best.  If the recent news from the restaurant world is any signal, we might be in for an even slower recovery

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(Photo by Bill Pugliano/Getty Images)
(Photo by Bill Pugliano/Getty Images)
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U.S. Household Income Drops Dramatically Over The Last Two Years

In what appears to be the largest drop in decades, U.S. household income paced negatively the last two years.

During the recession, which economists say lasted from Dec. 2007 to June 2009, the median annual household income fell by 3.2 percent, from $55,309 to $53,518, according to a report authored by two former U.S. Census Bureau officials. But in the post-recession period from June 2009 to June 2011, the figure fell by 6.7 percent, from $53,518 in June 2009 to $49,909 in June 2011.

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Source:  sfb579 via flickr
Source: sfb579 via flickr
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Kodak Preps For Bankruptcy

Historically, changing technology has left many innovative companies in the dark as progress marches on;  It appears that this fate might be waiting for the Kodak film company.
Eastman Kodak (EK) has hired law firm Jones Day for restructuring advice as it faces growing concerns from investors over its turnaround prospects, The Wall Street Journal reported this afternoon

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(Photo by Matt Dunham - WPA Pool/Getty Images)
(Photo by Matt Dunham - WPA Pool/Getty Images)
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Contrary To White House Reports – U.S. Economy Continues To Shed Jobs

Is the U.S. economy roaring to a recovery....or racing to recession?
In the past week, Cisco, Lockheed Martin and Borders announced a combined 23,000 in job cuts.

Those announcements follow 41,432 in planned cuts in June, up 11

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Category: Political Tags: , , ,
(Photo by Olivier Douliery-Pool/Getty Images)
(Photo by Olivier Douliery-Pool/Getty Images)
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Poll: 44% of Americans Worse Off Under Obama

 

I'm not sure it's accurate to say we're worse off than we were two years ago. It is frustrating we can't see the light at the end of the tunnel though.
 

Two years after the official start of the recovery, the American people remain pessimistic about their current economic circumstances and longer-term prospects.
via Pol

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