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    • 10 defining moments of the Sochi Olympics
      It promises to be another memorable occasion — but will it beat Winters Games gone past? The 17-day sporting extravaganza is being dubbed as the most expensive Olympics ever, with the Russians having spent $50 billion on turning the faded Black Sea resort into a rejuvenated host venue. Thousands of athletes from over 80 different […]
    • New Jersey Gov. Chris Christie
      With former Port Authority official David Wildstein’s new claim that  “evidence exists” showing Christie knew about the politically motivated lane closings on the George Washington Bridge back in September, several Jersey State politicians are already floating the dreaded “I” word: impeachment. It wasn’t so long ago that New Jersey Gov. Chris Christie was a
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    • eBay to split off PayPal business September 30, 2014
      E-commerce site eBay is planning to split off its payments system PayPal into a separate company next year.
    • EU to keep Russia sanctions in place September 30, 2014
      The EU decides to keep sanctions on Russia in place, judging that Ukraine's peace deal is not fully effective.
    • Ireland gave 'state aid' to Apple September 30, 2014
      The European Commission publishes a letter it sent to Ireland accusing the country of giving Apple illegal state aid through special tax arrangements.
    • Recalculation boosts Kenyan economy September 30, 2014
      Kenya's economy is believed to be 25% larger than previously estimated following a change in the way its size is calculated.
    • L'Oreal halts travel to Hong Kong September 30, 2014
      French cosmetics giant L'Oreal bans its staff from travelling to Hong Kong until 6 October in response to the growing unrest in the city's streets.
    • Virgin asks for football TV inquiry September 30, 2014
      Virgin Media asks Ofcom to investigate the way that the Premier League sells its TV rights, saying the present system is causing "significant consumer harm".
    • Wonga sees profits more than halve September 30, 2014
      Annual profits at payday lender Wonga have fallen by more than half, the company announces.
    • Sainsbury's 'spend more' poster gaffe September 30, 2014
      A poster encouraging Sainsbury's staff to get customers to spend more is put up in a store window by mistake.
    • London Market Report September 30, 2014
      The FTSE 100 slips, with shares in Next the biggest faller after it warns that the warm weather has hit sales.
    • Eurozone inflation near five-year low September 30, 2014
      Eurozone inflation slipped again in September, with prices rising at their slowest rate in nearly five years.

Archive for the "Economy" Category

What is happening to us

When an option is to die and take our family with us there is something desperately wrong with our society. I can not imagine making the choice to commit suicide and take my children along with me, is that what people today are feeling is an option? My God, something needs to change here. OHIO […]

The House has it!

The House on Wednesday evening passed an $819 billion economic stimulus package Wednesday on a party-line vote, despite President Obama’s efforts to achieve bipartisan support for the bill. The final vote was 244 to 188. No Republicans voted for the bill, while just 12 Democrats voted against it. The Senate is likely to take up […]

Stimulate me Please!

I Want to Have Citibanks Spare Chump Change

The high-flying execs at Citigroup caved under pressure from President Obama and decided today to abandon plans for a luxurious new $50 million corporate jet from France. The bank used TARP funds to purchase a new corporate jet for executives. The decision came 24 hours after the banking giant, which was rescued by a $45 […]

Pelosi disagrees with Obama

Oh Im shocked. The first thing that Obama should do is to get rid of her, but that wont happen Im afraid. Obama seems to put the old attage to work of “keeping your enemies close”. We will see how all this pans out, it will be interesting to say the least. (CNN) — Two […]

Tell me your story

The world we live in has changed so much, its not at all what we are used to seeing. There has been major familiar businesses and small local businesses closing down. One recent is Circuit City.  In and around my old neighborhood little shops that once were full of patrons are now empty with signs stated […]

Foreclosures up by 81% in U.S.

Home is going to have to be where the heart is as there wont be any other place to live. Foreclosures rose 81% in 2008, ensnaring 2.3 million U.S. households during the year, according to RealtyTrac Inc. data released today. Advertisement The Irvine, Calif.-based foreclosure Web site said December filings rose 17% from November and […]

Professor Peter Morici, a former chief economist

Professor Peter Morici is a recognized expert on economic policy and international economics. Prior to joining the university, he served as director of the Office of Economics at the U.S. International Trade Commission. He is the author of 18 books and monographs and has published widely in leading public policy and business journals including the […]

The New Job Market

[youtube]http://www.youtube.com/watch?v=3XGJq8wrw5I[/youtube]

StimulUS

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