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General Business - Posted 2009-11-18 18:25:00 From Zero to $12 Trillion In 173 Years


The U.S. national debt clock ticked over the $12 trillion dollar mark yesterday for the very first time.
As of last night, the United States officially owes $12,031,299,186,290.07. This works out to $39,599 for every man, woman and child in the United States.
Given the current crushing debt load (which is only going to get much worse, by the way) of the United States, it's hard to imagine that t...Full Story
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General Business - Posted 2009-11-17 17:35:00
Goldman Sachs: "We Apologize"


Goldman Sachs is not exactly a darling in the eyes of the public right now.
Many people feel as though Goldman Sachs is a company with no conscience that was partially responsible for ...Full Story
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General Business - Posted 2009-11-12 12:42:00
More Takeover Shenanigans


In case you didn't hear, Hewlett Packard (HPQ) agreed to purchase 3Com (COMS) yesterday in an all-cash deal worth $2.7 billion dollars.
This works out to a $7.90 purchase price for COM...Full Story
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General Business - Posted 2009-11-06 09:27:00
October Unemployment Rate Comes In at 10.2%


Wow - I'm not sure if anyone was expecting a 10.2% unemployment number for the month of October.
Most economists that were surveyed were predicting a slight uptick in the national unemp...Full Story
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General Business - Posted 2009-11-05 22:42:00
Could The Unemployment Rate Hit 10% Tomorrow?


In just a few short hours, the unemployment rate in the United States could officially be into the double digits. The Labor Department will be releasing employment data for October at 8:30 am EST on F...Full Story
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General Business - Posted 2009-11-04 08:28:00
Gold Continues to March Higher


After taking out the $1,000 mark in mid-September, gold has continued to charge higher, and is currently trading at $1,088.90 per ounce.
In just the past year alone, the price of gold ...Full Story
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General Business - Posted 2009-10-31 12:31:00
Say Goodbye To $2.3 Billion Dollars


CIT Group Inc. is on the verge of filing for bankruptcy protection.
The Wall Street Journal (link below) is reporting that the company is expected to file for bankruptcy "within days",...Full Story
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General Business - Posted 2009-10-19 00:30:00
State Tax Revenues Continue to Plunge


The economy of the United States may finally be surfacing from a nearly two-year long recession (at least from a purely technical basis), but individual states continue to suffer mightily due to rapid...Full Story
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General Business - Posted 2009-10-15 03:50:00
Colorado's Minimum Wage Set To Drop Due to Deflation


When a law was passed in 2006 in the state of Colorado that called for the minimum wage to be adjusted for inflation, many people didn't entertain the possibility of deflation actually lowering the mi...Full Story
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General Business - Posted 2009-10-13 00:00:00
The US Dollar Continues To Plunge


The US dollar is, to put it bluntly, taking an absolute beating right now.
Over the past 6-7 months, the greenback has slumped approximately 10% and 20% against the Japanese Yen and Eu...Full Story
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General Business - Posted 2009-10-10 08:10:00
Citigroup Dumps Phibro (and Andrew J. Hall)


Citigroup unloaded a major headache on Friday when they agreed to sell their Phibro trading unit to Occidental Petroleum for a reported $250 million dollars.
Was Phibro some sort of a ...Full Story
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General Business - Posted 2009-10-04 05:29:00
U-6 Unemployment Rate Hits 17% in September


The "official" unemployment rate that is used by the federal government is the U-3 rate, which is defined as "total unemployed, as a percent of the civilian labor force". This number was 9.8% in September of 2009.
The U-6 ra...Full Story
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