CNN reports that practically all Americans went shopping over “Black Friday” weekend.
“A record 247 million shoppers visited stores and websites in the post-Thanksgiving Black Friday weekend this year, up 9% from 226 million last year, according to a survey by the National Retail Federation released
Tag Archive: Economy of the United States
So I’ve been hearing rumbles of a walkout at Walmart stores on Black Friday. How’d that work out?
“The protest organizers have declined to say how many Wal- Mart associates they expect to be involved in the latest round of actions” says Bloomberg, and while the OurWalmart homepage feed contains lots of pictures of protest groups, there don’t seem to be a lot of actual Walmart employees. In fact, several rather wisful items champion
I did some contract work with IBC when it was based in Kansas City a few years ago. Around 2008-ish. Back then, the Teamsters Union was doing its best to bring about the outcome that the Baker’s Union ultimately accomplished: Death of the business. The End didn’t come since the Teamsters knew back then–as they did now–when to pull back from the brink. “Save the Twinkies, Save the World” was the vision.
Every day, I’d … Read more
This is good news:
U.S. debt has shrunk to a six-year low relative to the size of the economy as homeowners, cities and companies cut borrowing, undermining rating companies’ downgrading of the nation’s credit rating.
Total indebtedness including that of federal and state governments and consumers has fallen to 3.29 times gross domestic product, the least since 2006, from a peak of 3.59 four years ago, according to data compiled by Bloomberg. Private- sector borrowing
You know why I get irritated when people call Obama a Secret Communist Anti-Colonialist Crypto-Marxist Douchbag? Because if he actually were one, it would almost be preferable. At the very least, we wouldn’t have shit like this:
Richard Eggers doesn’t look like a mastermind of financial crime.
The former farm boy speaks deliberately, can’t remember the last time he got a speeding ticket, and favors suspenders, horn-rimmed glasses and plaid shirts. But the 68-year-old
The stock market seems to be pretending that the economy is doing good, but people are not buying this bullshit:
With the Dow Jones Industrial Average moving past 13,000 toward pre-financial-crisis highs, the conventional wisdom is that the stock markets expect a robust economy soon — just what President Obama needs to guarantee his re-election this fall.
Not so fast.
Yes, the economy may be improving after its anemic growth in 2011, which is
Part two of my posts on housing and banking.
Liberal protesters “occupying” Wall Street hate the big banks, which they see as the engine of capitalism. But conservatives ought to hate the big banks because they are the enemies of capitalism.
In addition to the … Read more
This timem it was the longshoremen in Washington that destroyed property and held people hostage. Why are they doing it?
The International Longshore and Warehouse Union believes it has the right to work at the facility, but the company has hired a contractor that’s staffing a workforce of other union laborers.
Get that? They have the “RIGHT” to do the work, but the employer has no business, let alone the right, to hire whomever … Read more
And what do I believe the left will blame them for? Well a 512 point drop in the DJIA (Dow Jones Industrial Average):
The Dow Jones Industrial Average plummeted 512.76 points, or 4.31 percent, to close at 11,383.68, led by Alcoa [AA 12.94 -1.32 (-9.26%) ] and BofA [BAC 8.83 -0.71 (-7.44%) ]. The last time the Dow dropped more than 500 points in a single session was in Dec. 2008.
I am sure … Read more
The House failed to vote today on the Boehner debt ceiling bill. There are, apparently, too many Republicans holding out as well as all the Democrats. As a result, credit default swaps on US treasuries are at the highest they’ve been since the 2008 financial crisis.
I tweeted this some time ago and the more I watch this unfold, the more I’m convinced it’s going to happen. Three years ago, Congress failed to pass TARP. … Read more