BusinessChina to be 'second richest country by 2015'
Posted: Oct 10th, 2010 10:26 AM
With China set to overtake Japan as the world’s second largest economy in 2010, the Chinese consumer could also dethrone Japan in another key category in the next few years, according to a new report by Credit Suisse.
In its first Global Wealth Report, Credit Suisse predicts that total household wealth in China could more ... Read More
BusinessWarren Buffett Calls For Tax Cuts -- For Almost Everyone Except The Rich (VIDEO)
Posted: Oct 6th, 2010 12:16 AM
Warren Buffett proposed a further tax cut for the middle class, upper middle class and lower middle class -- essentially, everyone except the wealthy -- in an interview Tuesday with CNNMoney's Poppy Harlow, at Fortune's Most Powerful Women Summit in Washington, DC.
The billionaire investor, who, with a roughly $45 billion ... Read More
BusinessAssembly panel to target NJ economic woes?
Posted: Oct 3rd, 2010 6:40 PM
TRENTON — A special state Assembly panel will meet this week to discuss ways to revive New Jersey's economy and create jobs.
Details regarding Thursday's hearing remained a work in progress on Sunday, partly because plans for the session only began developing late Friday afternoon, Democratic leaders said.
It's also ... Read More
Business Text Message: Beware Boss’s BlackBerry
Updated: Sep 21st, 2010 12:17 PM
Getting a company-issued BlackBerry to use around the clock might seem like a sweet deal. But many an employee has learned that using them for personal chat can be risky business. Company policies still apply no matter how late it is and how many cocktails you’ve had — which is something workers tend to forget, says Nancy ... Read More
Business, Opinion, ResourcesReward Your Employees, Without Giving a Raise
Posted: Sep 15th, 2010 11:05 PM
It is not news that businesses around the country are financially struggling for the most part. As unemployment remains high, so do the number of businesses that are either closing their doors or are looking for ways to reduce their overhead and hang on during such a turbulent time. Millions of companies simply cannot afford to ... Read More
BusinessFuture Hiring Will Mainly Benefit The High-Skilled – It’s Time to get Educated!
Updated: Nov 29th, 2010 6:38 PM
Whenever companies start hiring freely again, job-seekers with specialized skills and education will have plenty of good opportunities. Others will face a choice: Take a job with low pay – or none at all.
Job creation will likely remain weak for months or even years. But once employers do step up hiring, some economists ... Read More
BusinessRabbi Pinto Asks 80 Jewish American Businessmen To Invest $5 billion Into Israeli Economy
Posted: Sep 5th, 2010 12:02 PM
Rabbi Yoshiyahu Pinto held a closed meeting with 80 Jewish American businessmen in Bulgaria and asked them to invest $5 billion in the Israeli economy, including $2 billion in the coming year.
The businessmen who met with Pinto included entrepreneur Jay Schottenstein and one of the owners of the Victoria’s Secret ... Read More
BusinessLet’s Talk Business: Injecting Value Into Your Company
Posted: Sep 2nd, 2010 10:10 AM
There’s a popular joke that states that most people would rather be in the coffin than giving the eulogy. Many people have a deep-seated fear of public speaking. Why? When you’re standing up there, in the limelight, everyone’s focused on you- they’re analyzing you, your words and your gestures, and if you make a mistake ... Read More
BusinessAuto sales: Worst August since 1983
Posted: Sep 2nd, 2010 8:59 AM
NEW YORK - The nation's top automakers reported disappointing sales Wednesday, resulting in the worst August for industrywide auto sales in 27 years.
According to sales tracker Autodata, U.S. new vehicle sales fell just short of 1 million vehicles, a drop of 21% from a year ago, which included Cash for Clunkers. That federal ... Read More
BusinessEconomy Sheds 95,000 More Jobs! Unemployment 9.6%
Posted: Oct 8th, 2010 9:07 AM
The U.S. economy unexpectedly shed jobs in September for a fourth straight month as government payrolls fell and private hiring was less than expected, hardening expectations of further Federal Reserve action to spur the recovery.
Nonfarm payrolls dropped 95,000, the Labor Department said on Friday. Private employment, a ... Read More
BusinessGovernment Sues 3 Largest Credit Card Companies Over 'Anticompetitive Rules'
Updated: Oct 5th, 2010 4:57 AM
WASHINGTON — The Justice Department on Monday sued the three largest U.S. credit card companies for anticompetitive practices and reached a proposed settlement with two of them, MasterCard and Visa.
"We want to put more money in consumers' pockets, and by eliminating credit card companies' anticompetitive rules, we will ... Read More
Politics, BusinessMayor Michael Bloomberg Next Treasury Secretary ?
Posted: Oct 2nd, 2010 11:07 PM
With what appears to be a devastating election looming for his party, is President Obama attempting to follow in the footsteps of one of his predecessors and moderate toward the center?
Not if choosing Pete Rouse to replace chief of staff Rahm Emanuel is any indication, according to CNBC’s Larry Kudlow. On the Oct. 1 ... Read More
BusinessVerizon to Scrap Printed White Pages in New Jersey
Updated: Sep 17th, 2010 9:38 AM
Phone books will keep getting slimmer.
New Jersey regulators on Thursday approved a request by Verizon to use the online, electronic version of its Verizon White Pages directory as the primary means to access residential telephone numbers.
Beginning in December, most Verizon directories delivered in New Jersey will not ... Read More
BusinessChase Customers Cut Off From Online Banking World
Updated: Nov 29th, 2010 6:30 PM
Chase is experiencing an online outage that has left millions of its customers without access to their banking accounts and services.
The Chase bank website is down because of technical issues.
Unfortunately this has posed a major hassle to bank customers who use the online banking from Chase.
“Our Web site is ... Read More
BusinessADDICTED TO STIMULUS: $50 Billion more for Infrastructure Plan For Short-Term Job Growth
Updated: Nov 29th, 2010 6:38 PM
Vowing to find new ways to stimulate the sputtering economy, President Barack Obama will call for long-term investments in the nation's roads, railways and runways that would cost at least $50 billion.
The infrastructure investments are one part of a package of targeted proposals the White House is expected to announce in ... Read More
BusinessUS Lost 54,000 Jobs In August; Unemployment Rate Rose To 9.6 Percent
Posted: Sep 3rd, 2010 9:28 AM
WASHINGTON -- Job losses continued to mount in the U.S. economy last month, though at a more modest pace than expected, putting further pressure on policy makers to take action to spur growth and employment.
Nonfarm payrolls fell by 54,000 last month, matching the level of revised losses recorded the previous month, the U.S. ... Read More
BusinessBanks Playing 'Foreclosure Roulette' With Delinquent Homeowners
Posted: Sep 2nd, 2010 9:07 AM
Bea Garwood has been bracing for foreclosure since May, but she says she's been told three times to expect a sheriff's sale in the next month and it still hasn't happened.
"We really at this point do not know where we are in the process," said Garwood, who lives in Pinckney, Mich. with her husband. "We have no clue. We ... Read More
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