In March, residual signs of a market turnaround continued as unemployment held steady at 9.7%. The total number of jobs gained was 162,000, a dramatic raise since the market began shedding jobs almost two years ago. About a third of the added jobs come from the U.S. census, which has taken many employees under its [...]
Google has redirected its Chinese users to a Honk Kong search engine to avoid the censorship of mainland China in a move that underscores the Internet giant’s volatility in the Communist country. Google has accused China of blocking users access to Google.cn, the search engine’s Chinese website. Although Google has a relatively large presence in [...]
On Sunday the vote for Health Care Reform will be decided. The bill is expected to pass, but while Democrats try to herd the remaining fence-sitters to vote ‘ay,’ Republicans will vote no, believing that it will cost more money and lessen jobs. Needless to say, there remains a large partisan divide. On one hand, [...]
In the Senate, a jobs bill passed 68-29 with 11 votes from Republicans. This new bill will increase tax breaks for small businesses by providing them with incentives to hire the long term unemployed (those who have been out of work for more than 60 days). Business tax breaks add up to about $15 billion. It [...]
Christopher Dodd, a Democrat of Connecticut, will show his financial regulation proposal on Monday without presenting it to any members of the G.O.P. This financial revamp is the largest since the Great Depression, and as such, Republican Congressman are up in arms about Dodd’s unilateral action. At present, there are four departments that oversee banking [...]
Bank of America has proposed to end overdraft fees on debit cards beginning this summer. For existing customers this change will occur in August and for new customers it begins in late June. This move comes as a response to growing outrage against banks for charging fees on overdrafts, the recession’s impact on customers, and [...]
Ben Bernanke reaffirmed today the fact that the recession will continue to lag in its rebound. He does not plan to raise government interest rates for a long while – at least six months. Bernanke is working towards decreasing the possibility for inflation by restricting government interest rates. In the meanwhile, the percentage of long [...]
In today’s fast-moving digital world, CEOs of companies are becoming younger and younger. Some common traits many successful CEOs under 40 share are their early entrepreneurial spirits. They had good ideas young and built on them. They started their companies young, and many of them began running them as publicly traded entities. Here are just [...]
How many zeroes would you expect to find in a 25-year-old’s net worth? If you said nine, you’re probably thinking of Mark Zuckerberg, the man behind one of the Internet’s prized distractions: Facebook. Zuckerberg is current the 158th richest person on the Forbes 400 list with $2,000 million in assets. Like so many billionaires, Zuckerberg [...]
What makes a billionaire a billionaire? Shrewd investing, innovative ideas, and the ability to adapt to a changing market, sure. All of these are important, but it’s hard to deny that most of the super-successful have a certain something that even the experts have trouble nailing down. Forbes recently took a stab at exploring what [...]
