Poverty Rates: The Suburban Life Loses Its Luster
ThinkstockThe original concept behind the creation of the suburbs was that they were an oasis for the middle class, fairly far from the bustle of cities and away from the poor who were housed…
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Douglas A. McIntyre
What’s Important: Chesapeake Scandal Improves, SAC Capital Advisors Widens
Courtesy BlackBerryChesapeake Cleans Up Its Act Chesapeake Energy Corp. (NYSE: CHK) finally has succeeded in throwing out its morally challenged CEO Aubrey McClendon and some of his equally morally challenged board. McClendon not only enjoyed…
Media Digest (5/20/2013) Reuters, WSJ, NY Times, Bloomberg
courtesy of Facebook Inc.The drop in the budget deficit puts less pressure on a compromise by the White House and Congress over the federal deficit. (Reuters) Yahoo! Inc.’s (NASDAQ: YHOO) board approves a $1.1…
Yahoo! (YHOO) Deal to Buy Tumblr Approved? Deal Looks Too Rich
via Wikimedia CommonsJust as there were rumors that Yahoo! Inc. (NASDAQ: YHOO) would buy social media site Tumblr, there are not rumors that the deal is finished. It is not clear what a $1.1…
Bernanke Argues Innovation Could Salvage U.S. Economy
ThinkstockIf innovation and inventiveness are the qualities which drive America to become the largest economy in the world, perhaps the same qualities will put the U.S. out of its multiyear decline, one in which…
New Microsoft Xbox, Winner or Loser?
Microsoft Corp. (NASDAQ: MSFT) will release its new Xbox this week. The common wisdom is that, even if the console is more popular the Sony Corp. (NYSE: SNE) PlayStation and Nintendo Wii, the the…
Brace for Record Air Traffic in U.S. This Summer
ThinkstockFor those who do not have to travel by air this summer — don’t. The number of seats filled will hit near-record levels. Airports will be crowed, in many cases where temperatures are high. The…
Bill Gates Tops Bloomberg Billionaires — for Now
By World Economic Forum (Flickr) CC-BY-2.0, via Wikimedia CommonsIn the battle of the billionaire lists, Forbes has held the high ground for years. Now, Bloomberg Billionaires has taken a prominent spot in media coverage.…
European Auto Sales See a Bounce in April
Courtesy Volkswagen AGThe European Automobile Manufacturers Association reported that regionwide car sales rose for the first time in a year and a half: In April, the EU market of new passenger cars grew for the…
J.C. Penney Earnings and Dell Revenue Show Recovery May Be Near
courtesy Dell Inc.The earnings reports of J.C. Penney Co. Inc. (NYSE: JCP) and Dell Inc. (NASDAQ: DELL) show that revenues at each company finally may have found bottoms. This sets a stage for a…
Walmart (WMT) Earnings Show Ability to Tackle Amazon (AMZN)
courtesy Making Change at Walmart and UFCWWall Street considered almost all the news from Wal-Mart Stores Inc.’s (NYSE: WMT) earings as bad. U.S. comp sales declined 1.4% in the 13-week period from Jan. 26 to April…
The American Family Runs out of Money
ThinkstockHow much money does it take to live even modestly in the United States? Median household income runs about $51,000. In real terms, that is down 7% since the start of the recession. This has…
What Is Important: Crowded Airplanes and Bloomberg Billionaire Winners
ThinkstockRecord Air Traffic This Summer For those who do not have to travel by air this summer — don’t. The number of seats filled will hit near-record levels. Airports will be crowed, in many cases…
Media Digest: Reuters, WSJ, NYT, FT, Bloomberg
courtesy of AOL, IncThe European Central Bank may begin to identify weak banks and deny them aid. (Reuters) Foxconn, once one of Apple Inc.’s (NASDAQ: AAPL) largest suppliers, says it needs additional time to…
Japan GDP Jumps 3.5%: Economic Miracle Resurrected?
ThinkstockThe Japanese economic miracle, which died more than two decades ago, may be in the early stages of resurrection. First-quarter gross domestic product (GDP) rose 3.5%, a number that was not matched in the…
J.P. Morgan Keeps Proxy Voting Results a Secret
Wikimedia CommonsJ.P. Morgan Chase & Co. (NYSE: JPM) investors feel cheated. The bank has stopped issuing updates on voting results from the bank’s proxy. This will leave investors in the dark as they watch…
Small SUVs Flunk Crash Tests
Courtesy Chrysler Group LLCSmall SUVs have enjoyed raging sales because of their versatility and gas mileage. The sales of some brands in the sector may plunge. New data from the Insurance Institute for Highway…
What Is Important: Japan GDP Up 3.5%, J.P. Morgan Hides Proxy Vote Results
ThinkstockJapanese Miracle Resurrected The Japanese economic miracle, which died more than two decades ago, may be in the early stages of resurrection. First-quarter gross domestic product (GDP) rose 3.5%, a number that was not…
Retirement Age Rises Sharply to 61 Years Old
ThinkstockThe erosion of savings, the collapse of the stock market four years ago and home price dips have pressed the retirement age upward. The trend is likely to mean older Americans will work longer,…
Can New Google Maps Make Money?
courtesy of Google Inc.Google Inc. (NASDAQ: GOOG) has updated its Google Maps product, which is among the most popular products the company distributes. The problem with Google Maps is that, like Android and several…