Category Archives: Businesses

Obama unveils plan to streamline government

By doris | Published: January 16, 2012

Full Story at CNN.com Washington (CNN) — President Barack Obama asked Congress Friday for more power to streamline and reorganize the federal government, a move designed to claim the political middle ground in an election likely to be dominated by questions about Washington’s role in the economy. The president asked legislators to grant him the [...]

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Clad in baseball cap and sunglasses, first lady shops at Target

By doris | Published: September 30, 2011

Full Story at TheLook.today.com Attention Target shoppers: You could have been standing in line with Michelle Obama. The first lady, hard to recognize in a baseball cap and sunglasses, shopped Thursday at a Target store in Alexandria, Va., just outside Washington, D.C. Casually dressed Secret Service agents arrived about a half-hour before Mrs. Obama, who [...]

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Nanny State? Calif. May Force Parents To Pay Babysitters Workers’ Comp, OT

By doris | Published: September 6, 2011

Full Story at Los Angelescbslocal.com LOS ANGELES (CBS) — The next time you plan a movie night without the kids, you may have to provide more than just pizza for your babysitter. Democratic lawmakers in Sacramento are fast-tracking a bill that would require workers’ compensation benefits, meal breaks and paid vacation time for all “domestic [...]

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CNN Poll: 8 in 10 think we’re in a recession

By james | Published: September 4, 2011

Full Story at PoliticalTicker.blogsCNN.com Washington (CNN) – Economic fears are not diminishing. More than eight in 10 Americans think the economy is in another recession, according to a new CNN/ORC poll. One-third of those surveyed think it’s serious. While the country isn’t technically in a recession because the economy hasn’t experienced two straight quarters of [...]

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Defense cuts loom large for ‘super committee’

By doris | Published: August 16, 2011

Full Story at msnbc.com WASHINGTON — For the dozen lawmakers tasked with producing a deficit-cutting plan, the threatened “doomsday” defense cuts hit close to home. The six Republicans and six Democrats represent states where the biggest military contractors — Lockheed Martin, General Dynamics Corp., Raytheon Co. and Boeing Co. — build missiles, aircraft, jet fighters [...]

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US government loses triple-A credit rating

By doris | Published: August 6, 2011

Full Story at msnbc.com WASHINGTON — The United States lost its top-notch AAA credit rating from Standard & Poor’s Friday in a dramatic reversal of fortune for the world’s largest economy.S&P cut the long-term U.S. credit rating by one notch to AA-plus. The credit agency said it was making the move because the deficit reduction [...]

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Who will Uncle Sam pay if there’s no debt deal?

By doris | Published: July 30, 2011

Full Story at news.Yahoo.com Come Aug. 3, just who will get paid? That’s the new worry coursing throughout Washington as the contentious debt ceiling negotiations hurtle towards Aug. 2, the deadline beyond which President Barack Obama has warned that the government risks running short of money to pay all of its bills. If the government [...]

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Obama forecasts manufacturing comeback

By doris | Published: June 26, 2011

Full Story at CNN.com Pittsburgh (CNN) — President Barack Obama — whose poll numbers have dipped in recent weeks amid a stubbornly sluggish economic recovery — touted the hard-hit manufacturing sector Friday, saying the country’s best production days may well lie ahead. “We are inventors, we are makers, and we are doers. If we want [...]

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JPMorgan to pay $153.6M to settle fraud charges

By doris | Published: June 21, 2011

Full Story at news.Yahoo.com WASHINGTON – JPMorgan Chase & Co. has agreed to pay $153.6 million to settle civil fraud charges that it mislead buyers of complex mortgage investments just before the housing market collapsed. The settlement with the Securities and Exchange Commission announced Tuesday is one of the most significant legal actions targeting Wall [...]

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Minnesota prepares for shutdown

By doris | Published: June 14, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — Time is running out for Minnesota’s parks, highway rest stops and public universities, not to mention 36,000 state employees. If Gov. Mark Dayton and lawmakers don’t agree on a budget by June 30, the state government is expected to shut down. The state moved one step closer [...]

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Recession risk: Small, but growing

By doris | Published: June 12, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — Experts worry that the risk of falling into another recession has increased, according to a CNNMoney economic survey. To be sure, economists still place long odds on that worst case scenario. But the odds are a lot less long than they were just a little while ago. [...]

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Leading candidates set to meet in first New Hampshire debate

By doris | Published: June 5, 2011

Full Story at CNN.com Washington (CNN) — After months of criss-crossing the country and trying to woo potential supporters in early voting states, seven Republicans hoping to capture their party’s presidential nomination will meet this month for the first New Hampshire debate of the 2012 election. Minnesota Rep. Michele Bachmann, businessman Herman Cain, former House [...]

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