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Improved efficiency has helped airlines better prepare for a possible global economic slowdown compared to the last major recession, but expensive fuel continues to hurt bottom lines, an airline industry group said Monday.
Porsche Introduces a Luxury Sedan to the Chinese MarketWow - if I could afford one, I'd realize what a great deal I'm getting buying the car in the USA versus China. I know things are improving over there, but really? Over $300k? Are they going to sell a lot of them at that price?
What if a Slowdown Is a Never-Ending Story? The problem now, as in 1929 to 1940, is that the economy is not functioning normally. It is shot through and through with fear, even terror. Worse yet, and unlike the situation in the Depression, government miscues have been only a part of the problem.
Monkey waiters (Two different Video Links for this story)-- 2 different Video Links for this story-- Excerpt: Hard pressed to find good helping hands these days? Not bothered that these helping hands may not be human? Then you may want to try hiring the same workers as used by the owners of the Japanese tavern Kayabukiya.
China Unveils $586 Billion Economic Stimulus PlanChina on Sunday announced a huge economic stimulus package aimed at bolstering its weakening economy and perhaps helping fight the effects of a global economic slowdown.
Expect less junk mail as marketers cut backMarketers are generally a persistent lot, but they're beginning to think that bombarding your mailbox might not be worth it.
Microsoft chief urges growth through investment in tough timesSEOUL (AFP) -- Microsoft chief Steve Ballmer said Monday that growth through investment is the key for companies struggling to ride out an economic slowdown.
Stocks fluctuate after Fed keeps rates unchanged Wall Street fluctuated Tuesday after the Federal Reserve disappointed some investors by keeping interest rates unchanged, but also sent a signal to the markets that the economy is not in dire straits.
China Cuts Rates as U.S. Turmoil Adds to Global Risks China cut interest rates for the first time in six years and allowed most banks to set aside smaller reserves as worsening credit-market turmoil and weakening export demand dim the outlook for economic growth.
Wall Street privatises US government: be very afraidThe US low-tax zealot, Grover Norquist, is famous for wanting to "shrink government down to the size where we can drown it in the bathtub".
Washington Mutual shares continue to plunge as concerns mount over its survivalShares of Washington Mutual continued a perilous plunge on Thursday as anxiety grew on Wall Street over the financial stability of the nation's largest thrift and its options for survival.
New Yorker cover spotlights McCain's houses, foreclosure crisis.ยปThe cover of the new issue of the New Yorker spotlights Sen. John McCain's (R-AZ) multiple houses, contrasting his wealth with the foreclosure crisis affecting many Americans.
U.S. Stock Futures Extend Drop After Unemployment Rate Increases to 6.1% U.S. stock-index futures tumbled, adding to the worst week for global equities since 2002, as the nation's unemployment rate reached the highest level in five years and deepened concern that the world economy is slowing.
U.S. Stocks Slump on Rise in Jobless Claims; Caterpillar Drops U.S. stocks fell a fourth day after increased jobless claims and signs of slowing telephone-equipment sales heightened concern that the economic slump is worsening.
Economy `Slow' in Most of U.S., Fed's Beige Book Says Business across most of the U.S. was ``slow'' last month, while almost all Federal Reserve districts reported pressure to raise prices because of higher commodity costs, the central bank said in its regional economic survey.
U.S. Economy: Leading Index Signals Deeper Slowdown The U.S. slowdown will deepen in the second half of the year as housing continues to slump and unemployment rises, according to a measure designed to predict the economy's direction.
US Stocks Retreat on Inflation Concern, Housing Data, Losses U.S. stocks tumbled for a second day after wholesale prices climbed twice as fast as economists projected, housing starts fell and concern grew that the nation's biggest financial firms will post more losses.
Wal-Mart's Sales Slowdown May Signal End of Best-of-Dow Run Bloomberg reports: Wal-Mart Stores Inc.'s run as this year's best-performing Dow Jones Industrial Average company may end after the world's largest retailer said sales growth will slow this month.
Only Luck can Save the American EconomyIt is worth remembering where the blame for this neutering of fiscal policy lies: squarely with the Bush administration. At the start of this decade, the budget stood in surplus to the tune of 2.4 per cent of GDP.
Paul Krugman: A Slow-Mo Meltdown A year ago, as the outlines of the current financial crisis were just becoming clear, I suggested that this crisis, unlike a superficially similar crisis in 1998, wouldn't end quickly. It hasn't.
U.S. Economy: House Prices Drop; Confidence Nears 16-Year Low Bloomberg reports: Home prices in 20 U.S. metropolitan areas fell at a faster pace in May, and consumer confidence stayed near a 16-year low this month, posing a threat to household spending.
U.S. Economy: Leading Indicators Drop a Second Month Bloomberg reports: U.S. growth will slow in the second half of the year as unemployment rises and stock-market declines erode household wealth, according to an index of leading economic indicators.
U.S. Economy: Home Construction Hits 17-Year Low Bloomberg reports: Builders started work in June on the fewest single-family U.S. homes since 1991 and manufacturing in the Philadelphia region contracted for an eighth straight month, signaling the economic slowdown is worsening.
Losses mount in Chinese export industryWSWS reports: Light export industries in China are continuing to face massive losses, shedding jobs and moving operations either abroad or to lower-wage regions of China.
Economic slowdown hits Hollywood"Conventional wisdom used to be that content companies were recession-resistant, except perhaps for ad-driven businesses like network TV.
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