The Bureau of Labor Statistics, a division of the Department of Labor, released it’s employment situation summary this morning and the news is not as good as the first paragraph suggests. Total nonfarm payroll employment rose by 243,000 in January, and the unemployment rate decreased to 8.3 percent, the U.S. Bureau of Labor Statistics reported today. Job [...]
. According to a report by Russ McQuaid of Indianapolis Fox Affiliate WXIN, Federal Agents and NFL Investigators have worked to eliminate counterfeit merchandise ahead of this weekend’s Super Bowl XLVI, which will be played in Lucas Oil Stadium in Indianapolis. “We seized 42,692 counterfeit NFL items worth a record $4.86 million,” said John Morton, U.S. Immigration and [...]
DEARBORN, Mich., Feb. 1, 2012 – Ford Motor Company U.S. sales in January totaled 136,710 vehicles, a 7 percent gain compared with January 2011; retail sales increased 8 percent Focus contributed to 30 percent of Ford Motor Company sales growth in January, more than any other vehicle in the Ford product lineup. Focus sales were 14,400 vehicles, [...]
. WXIN-Fox 59 reports that the Indiana State Police have seized 37 kilos of cocaine that was on its way to New Jersey from California. Around 9:30am on January 31st, a trooper on Interstate 70 pulled over a Freightliner for a routine traffic stop. Upon speaking with the driver, 26-year-old Mosies Delgado, the trooper became suspicious [...]
. The Conressional Budget Office (CBO) treated us with some bad, yet expected, news: Another year with a deficit exceeding a Trillion dollars. In their release, the CBO said: CBO projects a $1.1 trillion federal budget deficit for fiscal year 2012 if current laws remain unchanged. Measured as a share of the nation’s output (gross [...]
Index Retreats after Two Months of Large Gains NEW YORK, Jan. 31, 2012 — The Conference Board Consumer Confidence Index® , which had increased in December, retreated in January. The Index now stands at 61.1 (1985=100), down from 64.8 in December. The Present Situation Index declined to 38.4 from 46.5. The Expectations Index edged down to 76.2 from [...]
Exactly who are the folks funneling unlimited amounts of money into the coffers of political candidates? We are set to find out who is giving loads of cash to Super PACs on the same day that Floridians and Oregonians are heading to voting booths. In Florida, today is the state’s primary elections, while Oregon’s 1st [...]
THE FACTS ABOUT UNITED STATES ENERGY One of the biggest drains on the American economy is, undoubtedly the importation of energy. In the early 1970′s the United States was the world’s largest producer of Oil and Natural Gas. If we still remain near the top of the world’s list of producers – #3 according to the [...]
In a Wednesday press release, the Federal Reserve announced that it would be keeping historically low interest rates until late 2014 due to a slowing recovery. Citing that while consumers are spending at an accelerated rate, business investment has reversed trends and gone lower, the Federal reserve feels that the move is necessary. Household spending [...]
ARLINGTON, Va, Jan. 24, 2012 /PRNewswire-USNewswire/ — The American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index jumped 6.8% in December after rising 0.3% in November 2011. The latest gain put the SA index at 124.5 (2000=100) in December, up from the November level of 116.6. For all of 2011, tonnage rose 5.9% over the [...]
SAN FRANCISCO, Jan. 24, 2012 – The National Automobile Dealers Association (NADA) said today that more than 7 million Americans would no longer be able to afford to buy a new car or truck in 2025 if the most expensive fuel economy rule ever proposed goes into effect. The comments were made by NADA director Forrest McConnell in testimony [...]
We live in a world of “Gotcha Journalism” that greases its wheels with quotes like the one in this video. That is why I’m going to try to share it responsibly. Bob Beckel, the “resident Liberal” at Fox News, made a startling comment today on The Five. When briefly discussing entitlements, he said that Liberals [...]
Ok, I know.. I haven’t written an honest-to-goodness analysis piece in awhile – but now.. the world is ending and I’ve noticed that no one else was writing about it.. well not just this moment .. We’ve been hearing that EU is going to crash any day now, that Americans are over-leveraged and as Conservatives [...]
In a report from the U.S. Chamber of Commerce that relied on figures from the Census Bureau and the Bureau of Economic Analysis, it was announced that the U.S. trade deficit recently rose by more than 10% as total exports declined and imports increased substantially. This resulted in a trade deficit of a whopping 47.8 billion [...]
WASHINGTON, Jan. 13, 2012 – The United States exported $177.8 billion in goods and services in November, 2011, according to data released today by the Bureau of Economic Analysis (BEA) of the U.S. Commerce Department. Exports of goods and services over the last twelve months totaled $2.089 trillion, which is 32.64 percent above the level of exports in 2009. Over the [...]
MINNEAPOLIS, Jan. 11, 2012 /PRNewswire/ – FICO’s quarterly survey of bank risk professionals found growing concern for the stability of the student loan market and deepening fears about the nation’s housing sector. The survey, conducted for FICO by the Professional Risk Managers’ International Association (PRMIA), shows that bankers expect delinquencies on most types of consumer loans to rise, [...]
WASHINGTON, Jan. 9, 2012 /PRNewswire-USNewswire/ — Data released by the Bureau of Labor Statistics indicates that joblessness among young veterans ages 18-24 was 1 in 3 for the last quarter of 2011, up from 1 in 5 in the last quarter of 2010. The overall unemployment rate for young veterans inDecember 2011 rose to 13.1 percent. As reported [...]
RESTON, Va., Jan. 4, 2012 /PRNewswire/ — comScore (NASDAQ : SCOR), a leader in measuring the digital world, today reported that retail e-commerce spending for the entire November – December 2011 holiday season reached $37.2 billion, marking a 15-percent increase versus last year and an all-time record for the season. Ten individual shopping days this season surpassed $1 billion in spending, led by [...]
‘Tis the season to be jolly, and if you are Congress, it is also the season to stuff as many pet projects into the next omnibus spending bill as you possibly can. Of course they seem to do this 365 days a year. There is one measure, however, lurking in the recessed corners of Capitol [...]
Sears Holdings Corporation reported that it would close up to 120 of its Sears and Kmart stores as it goes through a transformation. Both Kmart and Sears stores have seen serious drops in the quarter over quarter numbers and year over year financials: QTD YTD Kmart -4.4% -1.8% Sears Domestic -6.0% -3.3% Total -5.2% -2.6% [...]