Apr 25, 2011 – The National Association of Realtors released their March numbers Monday saying sales of previously owned homes rose 3.7 percent since February, more than was expected. The move suggests the housing market decline may be hitting the bottom. Economists said they expected sales to rise 2.5% to a 5 million unit pace, [...]
Apr 21, 2011 – One year almost to the day of the worst natural disasters in U.S history, British Petroleum has filed lawsuits against, Transocean, Halliburton and Cameron International. BP’s lawsuit against Transocean, owner of the Deepwater Horizon that exploded and sank April 20, 2010 killing 11 workers, accuses Transocean of negligence. After numerous safety [...]
One year ago today, April 20, an oil rig owned and operated by British Petroleum exploded killing 11 workers and causing one of the most devastating natural disasters in U.S. history. Approximately 170 million gallons of toxic crude oil was released into the Gulf of Mexico, effecting 1,050 mile of shoreline. One year later the [...]
Apr 18, 2011 – The political debate and controversy over raising America’s debt limit just hit home and it it hard today as credit rating agency Standard & Poors reduced the U.S. credit rating. S&P explained the reduction by saying they saw no clear path to address the “very large budget deficits and rising government [...]
Apr 16, 2011 – The debate continues over raising the debt limit ceiling as the deadline for exceeding the current limit approaches. Treasury Secretary Timothy Geithner has come out and said that raising the ceiling is absolutely a necessity if America is to avoid another bitter recession. House Budget Committed Chairman Paul Ryan has said [...]
Apr 14, 2011 – The much anticipated results of a two-year inquiry into the 2008 financial crisis was released today by Michigan Democrat, Senator Carl Levin. The U.S Justice Department will have to take it from here and determine whether Goldman Sachs violated any laws when they traded securities related to housing. Levin, in an [...]
Apr 12, 2011 – Not a week has gone by since the last minute, 11th hour, $3.8 billion deal was structured to avoid a government shutdown Friday. Now the next big fiscal battle looms on the horizon and this one may make the last budget battle look like kindergarten. U.S. Treasury Secretary Tim Geithner [...]
Apr 11, 2011 – Unpaid internships may be the new sought after job as the economy recovers at a snails pace and employers still are not hiring. With the unemployment rate still exceptionally high, more and more unemployed job seekers are taking full time internships, getting paid nothing, but hoping a paid job opens up. [...]
Apr 08, 2011 – Earnings season begins next week as JPMorgan Chase and Google prepare to release their quarterly results next week. Volumes reached a year long low as investors wait to see corporate financial results and more importantly corporate reports on forward guidance, a sign of the strength of economic recovery. There are signs [...]
Apr 07, 2011 – Sleeping on the job seems to be becoming common if you’re an air traffic controllers. A second air traffic controller has been found sleeping on the job and officials say he will be fired for it. This time the controller admitted to intentionally taking a nap. The Federal Aviation Administration (FAA) [...]
