hey! it's all better now! Wheeeeeeeeee!!!!!
China growth slows to worst pace since financial crisis
Growth in the world's second-biggest economy cooled to its lowest level since the global financial crisis as housing headwinds weighed.
In US, fast-growing clinics are ill-equipped to detect Ebola
Firstpost - 4 hours ago
The deadly virus' arrival in the US has put the spotlight on weak spots in American hospitals, but those facilities are not the only ones who have suddenly found themselves on the front lines against Ebola.
not to mention the administration seems to think NOT placing a travel ban will somehow reduce the spread
Layoffs loom at Textron plants in Slidell, Fox 8 reports
The Times-Picayune -
Around 200 employees at Texton Systems, a defense contractor that is one of Slidell's biggest employers, have been told to expect layoffs next month, ...
Local layoffs at Sprint reach 452 this month
Kansas City Star
Layoffs at the Overland Park headquarters of Sprint Corp. this month have totaled 452, according to a notice under federal law. Sprint told the Kansas ...
By Mandi Woodruff
18 hours ago
Things aren’t looking great for aspiring homeowners in the U.S.
In a recent report by the FINRA Investor Education Foundation, researchers offer a sobering peek into the homes of renters. Nearly one-quarter of renters in a survey of 25,509 renters and homeowners combined say meeting their monthly financial commitments is “very difficult,” and more than half say they wouldn’t be able to come up with $2,000 to cover an emergency expense.
Homeowners, by comparison, feel much more stable. Half as many homeowners as renters say they find meeting their monthly bills “very difficult” and nearly half say they have no trouble meeting their monthly expenses, according to the report.
Because the cost of renting and buying varies so widely across the U.S., you have to take reports like these with a healthy dose of salt. In some metro areas, like San Antonio and Phoenix, it’s actually much cheaper to buy a home than rent.
But the reality is that the cost of renting across the country is on the rise, straining the budgets of many renters. In the largest 25 metro areas in the U.S., rents increased by 5.5% in 2013, eating up more than 40% of the average renter’s household income, according to Trulia. Most financial experts recommend spending less than one-third of income on housing.
“Once [rent] is over 30%, that’s when you start getting into the danger zone financially,” says Helen Stephens, a certified financial planner in Dallas. “And the problem when you’re renting is that you may be in a lease for a year, and at the end of that year your landlord has the right to raise the rent on you.”
In addition to rising rents, coming up with the cash for day-to-day expenses, let alone a down payment, can be tough for renters. Renters are more likely to be saddled with debt of all kinds than homeowners, according to FINRA. More the half of renters carry credit card debt vs. 47% of homeowners. And r
Gain in Home Building Points to Sustained U.S. Growth: Economy
Bloomberg - 2 hours ago
Builders started work on more homes in September and American consumers this month were the most optimistic in seven years, signaling the U.S.
according to John Burns Consulting newsletter
(they've got some good statistics, a good read)
let's see how confidence goes when they revise the stupid 525,000 SAAR new single fam home sales fictional number!
just wait till it mutates with the respiratory virus that's going around....this is not good
New Ebola Cases May Rise to 10000 a Week by December
Wall Street Journal - 5 hours ago
ZURICH—The Ebola virus is killing 70% of the people who contract the disease, the World Health Organization said Tuesday, and as many as 10,000 new cases a week could be reported by early December.
of course yahoo only permits "some" people to post links here, the rest of us have to cut/paste into search engines (still don't know how it is some can post links, others can't)
but if you paste this info into your favorite search engine you'll find an interesting talk:
French economist Thomas Piketty caused a sensation in early 2014 with his book on a simple, brutal formula explaining economic inequality: r g (meaning that return on capital is generally higher than economic growth). Here, he talks through the massive data set that led him to conclude: Economic inequality is not new, but it is getting worse, with radical possible impacts
Apple supplier seeks 890 layoffs
GT Advanced Technologies filed for bankruptcy Monday and has asked to court to approve laying off 890 employees in Mesa and New Hampshire.
bu....bu....but that would mean we DO live in a global economy!
they're probably just a bunch of negative nellies anyhow, besides, I got them JAN calls that are going to be over seven bucks when TOL doubles!
World economies warn of global risks, call for bold action
The International Monetary Fund's member countries on Saturday said bold action was needed to bolster the global economic recovery and they urged governments not to squelch growth by tightening budgets too drastically, although Germany poured cold water on the idea of a new global "crisis." "A number of countries face the prospect of low or slowing growth, with unemployment remaining unacceptably high," the International Monetary and Financial Committee said on behalf of…
Stocks close out worst week since May 2012
Frederick News Post (subscription) - 16 hours ago
Trader Richard Devicarro works Friday on the floor of the New York Stock Exchange. Major U.S. stock indexes got off to an uneven start in early trading Friday, a day after stocks clocked their worst day of the year.
a few questions come to mind:
who's behind all the hackery lately?
what are they going to do with all the stolen data over the last how many years and when?
how come warren buffet's companies are the targets lately?
probably other q's to come!
Dairy Queen customers get hacked
CNNMoney - 52 minutes ago
Dairy Queen is the latest company to get hit by a security breach saying timpacted at nearly 400 of its restaurants around the country.