Hot Business Topics
Americans have tamed their wanderlust during this recession, according to the latest data released by the U.S. Census Bureau. Only about 2.4% of Americans moved from state to state in 2008, down from 2.5% the previous year.
"The mobility rate is lower than it has been in years," said Robert Lang, a demographer with Virginia […]
Filed under: economics by Forest
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The gathering of 20 leaders of leading economies in Pittsburgh late last week was a historic turning point. It marked the first discussion about the growing and perilous imbalance between mature and emerging economies.
This imbalance is unsustainable. And the quest to bring nations into "alignment," for lack of a more user-friendly term, will define […]
Filed under: legal by Forest
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The U.S. government is stepping up prosecutions of wealthy individuals dodging taxes through off-shore accounts, with new cases expected to be made public “every couple of weeks,” a top government attorney said on Saturday.
U.S. officials have been sifting through about 250 client names obtained through a February settlement of a criminal probe against Swiss […]
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While the recession has affected the entire nation, members of minority groups have suffered more pain than their white counterparts, according to a report released Wednesday by a liberal think tank.
The report by the Center for American Progress says economic pain among non-whites is lasting longer than before and signaling structural problems such as […]
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Maryland is the nation’s top-earning state for the third year in a row, with a median household income of $70,545 in 2008, according to a U.S. Census Bureau report released Monday.
The states with highest median incomes are concentrated in the far West and in the Northeast, around the District of Columbia.
Most of […]
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Five states posted jobless rates above 12% in August, according to federal data released Friday.
California, Nevada and Rhode Island each hit record-high rates, the Labor Department said.
Michigan led the nation in unemployment, with a rate of 15.2%, while Nevada was next at 13.2% and Rhode Island was third at 12.8%. California and […]
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The most ridiculed players in the financial markets have found a new tormentor.
California Attorney General Jerry Brown said Thursday he will launch an investigation of the major credit rating agencies for the role they played in the financial crisis.
The three top agencies — McGraw-Hill’s (MHP, Fortune 500) Standard & Poor’s, Moody’s (MCO) […]
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— $744 million of revenue in fiscal 2008
— Sales in 156 countries
— Over 20 percent global market share
— Seed production in 23 countries — 60 breeding stations around the world
— 3,000 employees
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The health reform debate is still far from the finish line, but Wednesday brought an important milestone: A key senator’s highly-anticipated proposal echoing many of the reforms that President Obama is calling for.
"My bill is very, very similar to the framework that the president was talking about when he gave his message the other […]
Filed under: money by Forest
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A key index of consumer prices rose in August, but sank significantly over the past 12 months, the government said Wednesday.
The Consumer Price Index, the Labor Department’s key measure of inflation, rose 0.4% in August on a monthly basis. Economists surveyed by Briefing.com expected a 0.3% increase.
Overall CPI has declined 1.5% over the […]
Filed under: finance by Forest
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