Category: Economy

Explainer: Did That $6 Billion in Campaign Spending At Least Help the Economy?

Explainer: Did That $6 Billion in Campaign Spending At Least Help the Economy?

After each election, the media tends to brood over a predictable set of issues, like the small mindedness of campaign policy proposals to the nastiness of negative advertising. Another bugaboo of the pious punditry...

What’s With All the Leaked Black Friday Ads?

What’s With All the Leaked Black Friday Ads?

Retailers generally avoid publicizing their Black Friday specials far in advance because of the potential of hurting sales before the big day arrives. Who, for instance, would buy a 42-inch plasma screen RCA TV...

Can China’s New Leader Prevent an Economic Crisis?

Can China’s New Leader Prevent an Economic Crisis?

In a very uncertain global economy, we’re finally getting some certainty from the world’s two largest economies – at least on the political front. In the U.S., the interminably long election season finally ended...

The Economy Obama Faces: Slow but Gaining Steadily

The Economy Obama Faces: Slow but Gaining Steadily

Here’s the assignment President Barack Obama has won with his re-election: Improve an economy burdened by high unemployment, stagnant pay, a European financial crisis, slowing global growth and U.S. companies still too anxious to...

Natural Gas: America’s Future Electric Grid?

Natural Gas: America’s Future Electric Grid?

In August 2003, cascading electric blackouts across the northeast United States left roughly 50 million people without power and cost billions of dollars in economic losses. That incident called into question the reliability of America’s electric...

China’s Enrons

China’s Enrons

China’s Big Four banks have reported better-than-expected results for the third quarter.  Bank of China led the way, posting a 16.6% increase in net profits over the same quarter last year.  China Construction Bank was the group’s laggard,...

Donating Star Wars Billions Will Make George Lucas One Of The Biggest Givers Ever

Donating Star Wars Billions Will Make George Lucas One Of The Biggest Givers Ever

George Lucas introduced the world to Star Wars back in 1977, and he profited handsomely from it. Now, after selling the mega-franchise to Disney for $4.05 billion, Lucas is preparing to give back in a big way....

The U.S. Economy Adds 171,000 Jobs in October, but Challenges Remain

The U.S. Economy Adds 171,000 Jobs in October, but Challenges Remain

Here it is, folks: The final jobs report before the 2012 Presidential Election. The Labor Department announced this morning that the U.S. economy added 171,000 jobs in October, and that the unemployment rate ticked...

Exxon’s Declining Output A Sign Of The Times

Exxon’s Declining Output A Sign Of The Times

Tillerson and Putin at a signing ceremony in June. (Image credit: AFP/Getty Images via @daylife) In a sign of challenges ahead for the world’s biggest oil companies, ExxonMobil today announced a 7.5% decline in...

After A Decade of Debacles, Auto Parts Supplier Dana Is Back In Gear

After A Decade of Debacles, Auto Parts Supplier Dana Is Back In Gear

Dana Holding CEO Roger Wood Roger Wood looked at Dana Holding and saw possibilities. In the past decade the storied Maumee, Ohio auto parts maker had survived a misguided acquisition binge, a hostile takeover...