johnhanblog

New York City, NY USA

# posted by John @ 10/31/2008 07:08:00 PM 0 comments

Going into the final weekend of 2008's long, arduous campaign, it
appears that Democrat Sen. Barack Obama will beat his Republican
opponent Sen. John McCain
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ECONOMIC REPORT: BIGGEST DROP IN CONSUMER SPENDING IN 4 YEARS IN SEPT.

Reluctance on the part of consumers to shop for big-ticket items like
cars led U.S. consumer spending in September to its biggest drop in
over four years.

# posted by John @ 10/31/2008 05:25:00 PM 0 comments

Consumers react more to changes in their home values than changes in
their investment portfolios, according to a recent study.

In fact, real estate economists at UCLA and the University of Southern
California found that a 10% decline in housing wealth from the 2005
highs would result in a $105 billion, or 1.2%, drop in personal
consumption expenditures.That 10% decline in home values translates to
roughly a 1 percentage-point
reduction in real GDP growth, researchers said.

# posted by John @ 10/31/2008 03:42:00 PM 0 comments

Government reports that consumer spending fell in September - another
sign of weakness in the economy.

# posted by John @ 10/31/2008 09:28:00 AM 0 comments

Oil prices settle $1.54 lower, at $65.96, as fears grow that a global
economic slowdown will cut energy demand.

# posted by John @ 10/30/2008 03:03:00 PM 0 comments

In latest sign of easing credit, commercial paper market -a key tool
in business lending - expanded for first time in seven weeks.

# posted by John @ 10/30/2008 10:30:00 AM 0 comments

Hammered by the credit crisis, American Express says it will slash
7,000 jobs as part of a drastic cost cutting intiative.

# posted by John @ 10/30/2008 10:22:00 AM 0 comments

WASHINGTON - Gross domestic product shrank at a 0.3% annual rate in
the third quarter, the worst showing since third quarter 2001, when
the nation was last in recession.

# posted by John @ 10/30/2008 09:55:00 AM 0 comments

Headline: Exxon Mobil's profit approaches $15 billion, setting new record
10/30/2008 8:54:00 AM ET

Exxon Mobil's third-quarter net income rises 58% to a new record of
nearly $15 billion, but the results are likely to mark a swan song for
groundbreaking profits tied to this past summer's triple-digit prices
for crude oil.

# posted by John @ 10/30/2008 09:50:00 AM 0 comments

WASHINGTON (AP) - The Federal Reserve has slashed its federal funds
rate by half a percentage point to 1% to combat the financial crisis.

# posted by John @ 10/29/2008 02:33:00 PM 0 comments

More companies may end 401(k) match

More News

Most Asian markets extend gains after U.S. rally

Pakistan earthquake kills at least 150, leaves 15,000 homeless

# posted by John @ 10/29/2008 08:53:00 AM 0 comments

NEW YORK (AP) - The Dow Jones industrial average jumped more than 800
points Tuesday as bargain hunters, buying in anticipation of a Federal
Reserve rate cut, grabbed stocks that have been pounded lower in
recent sessions. All the major indexes were up at least 9%.

# posted by John @ 10/28/2008 04:12:00 PM 0 comments

Dow soars 700 points, as late-afternoon rally heats up, after global
markets gain and investors hope Fed cuts rates Wednesday.

# posted by John @ 10/28/2008 04:02:00 PM 0 comments

Key measure of consumer confidence plunges to lowest level ever.

# posted by John @ 10/28/2008 10:06:00 AM 0 comments

Whirlpool announces 5,000 job cuts as it cuts 2008 earnings view
10/28/2008 6:04:44 AM EDT

# posted by John @ 10/28/2008 09:52:00 AM 0 comments

Chinatown, NYC USA

# posted by John @ 10/27/2008 04:45:00 PM 0 comments

Alaska's Sen. Ted Stevens is convicted in federal corruption case

10/27/2008 4:18:07 PM EDT

# posted by John @ 10/27/2008 04:25:00 PM 0 comments

Reading

# posted by John @ 10/27/2008 12:46:00 PM 0 comments