Consumer spending that fuels two-thirds of U.S. economic
activity grew at a 1.5 percent annual rate in the second
quarter, up from 0.9 percent in the first quarter and 1 percent
in the fourth quarter last year. The department noted that
personal incomes had risen more sharply in the second quarter
and attributed it primarily to the stimulus payments [...]
As a painting business consultant, I got a letter the other day from one of my good customers named Tom. Tom was having a real bad time with a lady’s front door. He called it the “door from hell”.
He said it had several coats of paint on it and the topcoat was black and it [...]
AUSTRALIAN house prices fell in a majority of capital cities in the last few months as high interest rates brought about the weakest housing market in four years.
National house and unit prices could dive by 10 per cent next year as a prolonged real estate slowdown sets in, online real estate data group Australian Property Monitors (APM) [...]
Following sharp declines, confidence in the U.S. economy inched up in July, the Conference Board reports.
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Related PostsRestaurant Outlook ImprovesOwners reported increased traffic in April following record lows in recent months.Read moreSmall Business Mood ImprovesDespite a more positive outlook, owners continue to worry about cash flow, a survey finds.Read more
Republican leader Mitch McConnell of Kentucky called energy the most important issue facing the country, and argued that Democrats did not want to give it a full airing, including considering provisions for more domestic energy production.
Read more
Related PostsCongress angry over bailout as candidates bicker
(Reuters)
Bush administration officials warned of a looming [...]
3:32pm UK, Wednesday July 30, 2008
British Gas - the UK’s biggest supplier of domestic energy - is putting up gas prices by 35% and electricity by nine percent.
Firm says wholesale energy prices are at an all time high
Customers on dual tariffs will see their bills rise by 25%.
The firm blames soaring wholesale energy prices for [...]
One in six homeowners in the UK will fall into negative equity by the end of
next year if house prices fall by a further 17 per cent, according to new
research.
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Related PostsBailout plan could soon face House vote
(Reuters)WASHINGTON (Reuters) –
The House of Representatives could vote as early as Wednesday [...]
Just after the Fourth of July, Cheryl Grubbs called her local health department in Cortez, Colo., to report that her husband had nearly lost his only kidney to a salmonella infection after eating several raw jalapeños and a sandwich with a tomato in it during a camping trip.
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Related PostsJob recovery could be slow and [...]
The announcement follows Merrill’s second-quarter loss of
$4.9 billion, hurt by more than $9 billion in write-downs.
Merrill has already recorded billions of dollars of writedowns
from subprime mortgages and risky debt.
Read more
Related PostsInsurer AIG posts large loss on bad mortgage bets
(Reuters)
AIG said its second-quarter net loss was $5.36 billion, or [...]
Congratulations! You now have a home-based business. Now it’s time to set up your home office. This doesn’t mean stocking up on the materials you need to create your products. This means taking care of the business end of the venture. Indeed, to set up a home office, you’ll need more than Office Depot coupon [...]
July 31, 2008 