Another Chance for Greeks Not to Pay Taxes
Greece, in an effort to get more bailout money from the European Union and International Monetary Fund, has instituted a property tax. The tax will be imposed over the next two years. And it…
All Work
Douglas A. McIntyre
Amazon Wins Battle With California
The California legislature has passed a bill that gives Amazon.com (NASDAQ: AMZN) until September 2012 to pay state taxes on its e-commerce sales there. Governor Jerry Brown still has to sign the bill. This…
Media Digest (9/12/2011) Reuters, WSJ, NYTimes, FT, Bloomberg
Carol Bartz resigns from Yahoo!’s (NASDAQ: YHOO) board. (Reuters) Lagarde disputes reports of an IMF study that shows a $372 billion capital shortfall among Europe’s banks. (Reuters) Bank of America’s (NYSE: BAC) CEO will…
The Ten Best Cities For Educated Workers
The job market has remained relatively stagnant since 2009. To make matters worse, the educational requirements of the average U.S. employer have increased consistently from 2005 to 2009, recently outpacing the growth of educated…
The Auto Industry Begins To Sink, Again
The automobile industry is once again in a period of lowering demand for its vehicles and this may put two years of advances in jeopardy. Last week was a particularly bad week for this industry. Ford (NYSE: F) revised its…
When Will Pessimism Bottom Out?
There has to be a bottom to the current pessimism about the economy. US citizens have a pervasive sense of doom that affects the evaluation of the present and the immediate future. Businesses act as…
The Eight Beers Americans No Longer Drink
Some of America’s most famous beers have lost a tremendous amount of their national sales over the last five years. Mostly, they are full-calorie beers, and they have lost sales to lower-calorie products, as…
Japan Deepening Ties with Leading Oil Producer Saudi Arabia
Since Japan and Saudi Arabia established diplomatic relations in 1955, Japan has become one of the biggest importers of Saudi oil, with trade in 2010 exceeding $ 43 billion. Japanese direct investment in Saudi…
South China Sea Maritime Dispute Continues to Roil Region
Contested overlapping maritime offshore claims between China, Vietnam, Philippines, Taiwan, Malaysia and Brunei over the South China Sea continue to disrupt relations between the six nations. China claims approximately 75 percent of the South…
Top Active Trader Alert Stocks (DNDN, LULU, MCD, TZOO)
Active traders and day traders have many stocks to choose from this Friday morning. We are tracking news and moves in shares of Dendreon Corporation (NASDAQ: DNDN), Lululemon Athletica inc. (NASDAQ: LULU), McDonald’s Corporation (NYSE: MCD), and TravelZoo…
The Twitter-24/7 Wall St. Market Report (9/9/2011) McDonald’s Same Store, Bank Of America Layoffs
Yahoo! Finance: Economic gloom piles pressure on G7 finance talks USA Today: Reports: Bank of America could cut at least 28,000 jobs Zerohedge: MCDONALD’S AUG. U.S. EUROPE COMP SALES UP 2.7%, EST. UP 6%.…
Todya’s Best Market Rumors (9/9/2011) NYSE Merger Block, Bank Of America Layoffs
Updated throughout the day. Bank of America (NYSE: BAC) will cut 40,000 jobs (WSJ) Nasdaq OMX (NASDAQ: NDAQ) will press its objections about the NYSE (NYSE: NYX) merger with Deutsche Borse (WSJ) The SEC…
Twitter About to Alienate Users
The CEO of Twitter, Dick Costolo, told a press conference that his company now has 100 million users who log onto their accounts at least once a month. That is sufficient critical mass so…
Obama Stimulus Undermined by Public Sector Layoffs
The American Jobs Act, which will cost $447 billion to create employment, may be offset by the drive of local, state and even federal governments to balance their books. President Obama’s proposal may help…
Geithner Gives Advice on Global Economy as U.S. Flounders
While Treasury Secretary Tim Geithner gave detailed advice to European nations about how to avoid recession, the U.S. struggles against a contraction of its own. In an editorial in the Financial Times he wrote,…
Media Digest (9/9/2011) Reuters, WSJ, NYTimes, FT, Bloomberg
Obama proposes a $447 billion job stimulation package. (Reuters) Economic problems to be the focus of G7 meetings. (Reuters) One Super Congress member threatens to quit over concerns about military budget cuts. (Reuters) Twitter…
The Six Reasons Americans Fall Out Of The Middle Class
Seems as though the American Dream is just that — a dream. If you were born into a middle class family, there is a high chance that you’ll end up falling down the economic…
Top Active Trader Alert Stocks (CALP, MU, STP)
Active traders and day traders have many stocks to choose from this Thursday morning. We are tracking news and moves in shares of Caliper Life Sciences, Inc. (NASDAQ: CALP), Micron Technology, Inc. (NASDAQ: MU), and Suntech Power…
Another Fed President Signals Recession
One by one, Federal Reserve regional presidents have begun to admit that another recession has started, or at least is on the horizon. Some have made suggestions about what can be done, but none…
The PC Industry Really Falls Apart
The predictions that the PC era is coming to an end are supported almost every time an important piece of research on the industry is released. Research firm Gartner has issued its new forecasts…