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Another Weak Jobs Report Coming This Week?

Another Weak Jobs Report Coming This Week?

Comstock Images/Thinkstock(NEW YORK) — The economy this week is likely to be dominated by Friday’s September jobs report from the Labor Department. The August survey was dismal, with just 96,000 jobs added by employers. Some economists are looki…

What Would France’s 75% Tax Rate Look Like in US?

What Would France’s 75% Tax Rate Look Like in US?

iStockphoto/Thinkstock(NEW YORK) — The French government’s budget presented Friday, which is imposing a 75 percent tax rate for income exceeding 1 million euros ($1.39 million), is expected to inspire a number of wealthy French to move their res…

It’s a Slow Economic Recovery, More Data Show

It’s a Slow Economic Recovery, More Data Show

Zoonar/Thinkstock(WASHINGTON) — Two new pieces of info about the U.S. economy out Friday add to the pile of data indicating a frustratingly slow economic recovery.Americans spent more in August even though their income barely grew, the Commerce Depart…

US Economy Created More Jobs Than Previously Estimated

US Economy Created More Jobs Than Previously Estimated

iStockphoto/Thinkstock(WASHINGTON) — The Bureau of Labor Statistics (BLS) released an early look at its annual “benchmark revision” on how many jobs were added in the U.S. economy.  It turns out that 386,000 more Americans had jo…

CEOS Very Worried About ‘Fiscal Cliff,’ Survey Finds

CEOS Very Worried About ‘Fiscal Cliff,’ Survey Finds

Hemera/Thinkstock(NEW YORK) — America’s job creators are bearish on the economy over the next six months, according to Business Roundtable’s third quarter CEO Economic Outlook Survey.The chief executives are mostly concerned with the upcoming “fiscal …

Is the Texas Twang Dyin’, Y’all? Other Accents Blend In

Is the Texas Twang Dyin’, Y’all? Other Accents Blend In

Photos.com/Thinkstock(HOUSTON) — J.R. and Sue Ellen had it on Dallas. The Texas twang. The “y’all” and the “howdy” — that slow drawl that is part Southern charm, part Western swagger and pure Texas.Yes, oil is still king in Texas, and it’s easy to fi…

US Manufacturers Get Boost from Overseas Customers

US Manufacturers Get Boost from Overseas Customers

ABC News(NEW YORK) — A few years ago, Signature Systems Group, which makes portable flooring and fencing products, had $10 million in annual sales and only sold its products in the U.S.Now, more than half of the Bronx, N.Y., company’s customers …

Federal Reserve Bailing Out Obama, Paul Ryan Says

Federal Reserve Bailing Out Obama, Paul Ryan Says

SAUL LOEB/AFP/GettyImages(WASHINGTON) — As the Federal Reserve pumps billions of dollars into the economy with the hope of stimulating job creation, Republican vice presidential nominee Paul Ryan said that the Fed is bailing out President Obama &ldquo…

US Economy Still at Grave Risk on 4-Year Anniversary of Lehman Brothers Collapse

US Economy Still at Grave Risk on 4-Year Anniversary of Lehman Brothers Collapse

Chris Hondros/Getty Images(NEW YORK) — Just in the time for the four-year anniversary of the collapse of Lehman Brothers, a report concludes that the U.S. financial crisis has cost the country $12.8 trillion. Better Markets, a nonprofit organization w…

Fed 2012 GDP Growth Forecast Worsens; Unemployment Forecast Unchanged

Fed 2012 GDP Growth Forecast Worsens; Unemployment Forecast Unchanged

Chip Somodevilla/Getty Images(WASHINGTON) — Among its announcements Thursday was the Fed’s prediction for unemployment, GDP growth and inflation rates. The Federal Reserve still thinks unemployment won’t fall below eight percent this year.&…

Fed Stimulus Plans Push Indexes Higher

Fed Stimulus Plans Push Indexes Higher

Hemera/Thinkstock(NEW YORK) — The U.S. stock markets liked what they heard from the Federal Reserve Thursday. The Dow climbed more than 200 points on news the central bank plans to step in if the job market does not improve. The Dow closed at 13,…

Northeast Lukoil Franchisees Publicize $9 Gas in Protest

Northeast Lukoil Franchisees Publicize $9 Gas in Protest

LAURA BOUSHNAK/AFP/Getty Images(NEW YORK) — Drivers in New Jersey and Pennsylvania may be in for a shock if they pull into a Lukoil gas station. About 57 franchise owners are protesting on Wednesday against the price of gas charged by Lukoil North Ame…

Stocks Rebound After Monday Losses

Stocks Rebound After Monday Losses

Hemera/Thinkstock(NEW YORK) — Stocks shook off Monday’s declines ahead of this week’s Federal Reserve meeting as well as a German court decision to come Wednesday that will impact the various bailouts of Eurozone countries. The Dow closed up 69 p…

Moody’s Warns of US Debt Downgrade

Moody’s Warns of US Debt Downgrade

Scott Eells/Bloomberg via Getty Images(NEW YORK) — Major credit rating agency Moody’s warned today that it may downgrade the U.S. credit rating if the government fails to figure out a way to avoid the so-called fiscal cliff at the end of the yea…

Bob Woodward on What Went Wrong with Failed Debt Deal

Bob Woodward on What Went Wrong with Failed Debt Deal

ABC/ Ida Mae Astute(NEW YORK) — “Gaps” in President Obama’s leadership contributed to the collapse of a “grand bargain” on spending and debt last year, with the president failing to cultivate congressional relationships that may have helped him break …

Obama Flubs His ‘Three Proud Words’

Obama Flubs His ‘Three Proud Words’

Alex Wong/Getty Images(WEST PALM BEACH, Fla.) — After bashing Mitt Romney’s “bad math” tax plan, President Obama also had some trouble adding things up.It’s a standard part of the president’s stump speech to tout his…

Ryan Says Obama Is ‘Not a Bad Guy,’ But ‘Bad at Creating Jobs’

Ryan Says Obama Is ‘Not a Bad Guy,’ But ‘Bad at Creating Jobs’

Alex Wong/Getty Images(SPARKS, Nev.) — Traditionally the No. 2 on a presidential ticket is the attack dog, and Paul Ryan in recent days has been going after the president pretty hard. But Friday the GOP vice presidential candidate lodged his attack b…

Stocks Edge Higher Despite Flat Jobs Report

Stocks Edge Higher Despite Flat Jobs Report

Hemera/Thinkstock(NEW YORK) — It appears investors were able to shake off a dreary monthly jobs report. On Friday, the indexes traded in a narrow range for the session and ended the week with modest gains. The Dow added 0.1 percent and closed up …

Romney Calls Obama Speech ‘Disappointing’

Romney Calls Obama Speech ‘Disappointing’

Melina Mara/The Washington Post(ORANGE CITY, Iowa) — In his first public campaign event in five days, Mitt Romney gave a scathing review of President Obama’s convention speech, referring to it as “extraordinarily, surprisingly disappointin…

Jobs Report ‘Not Good Enough,’ President Obama Says

Jobs Report ‘Not Good Enough,’ President Obama Says

JIM WATSON/AFP/Getty Images(PORTSBOUTH, N.H.) — President Obama said Friday’s news that the economy added just 96,000 jobs last month was “not good enough” and that “we need to create more jobs faster” to recover from the…

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