This wikizine focuses on the U.S. economy, including the New York Stock Exchange and NASDAQ stock markets, industry sector trends, large capitalization U.S. companies, and the U.S. macroeconomic climate. Other topics include economic...
[more]
This wikizine focuses on the U.S. economy, including the New York Stock Exchange and NASDAQ stock markets, industry sector trends, large capitalization U.S. companies, and the U.S. macroeconomic climate. Other topics include economic growth, employment, capital allocations, Federal Reserve monetary policy, tax policies, energy and environment, and other issues related to the overall U.S. economy.
This popular Zimbio wikizine is edited by Michael Johns, an industry executive, former White House Presidential aide, and conservative policy analyst, blog author and financial writer, along with other Zimbio contributors with credentials in various aspects of the American economy.
Topics not to be included in this page include references to small companies (less than $1 billion revenue) or thinly-traded stocks (including, for instance, all OTC stocks) since the goal is to provide an overview of the U.S. economy and its major components and not to impact market or trading trends in any significant way.
Mervyns, the 59-year-old department store chain based in Hayward, is closing up shop. The ailing retailer, which filed for Chapter 11 bankruptcy protection in July and planned to close 26 stores, said Friday it now plans to liquidate its remaining 149 locations and shutter the business after the holiday season. "We are disappointed with this outcome but the company's declining liquidity position and the extremely challenging retail environment, together with the fact that we have exhausted... Read Full Story
Nov 13, 2008 - 02:03 PM By: Chris_Galakoutis It is clear that the United States has relied on a continuous cycle of debt growth to fuel its economy. The engine of the US economy has been the US consumer, and consumer debt had to expand at a rate that far outpaced negligible consumer income growth in order for the US economy to continue to “grow.” Expanding the amount of money and credit is easy under a fiat system when your currency is the world's reserve currency. The US has, for years, been... Read Full Story
WASHINGTON (AP) - Regulators shut down Houston-based Franklin Bank and Security Pacific Bank in Los Angeles on Friday, bringing the number of failures of federally insured banks this year to 19. The Federal Deposit Insurance Corp. was appointed receiver of Franklin Bank, which had $5.1 billion in assets and $3.7 billion in deposits as of Sept. 30, and of Security Pacific Bank, with $561.1 million in assets and $450.1 million in deposits as of Oct. 17. The co-founder and chairman of parent... Read Full Story
One place to find these [attractive] stocks is in emerging markets. The dramatic growth in foreign exchange reserves of the BRIC nations makes them attractive. As you can see in the chart below, the $260 billion in combined reserves in those four countries in late 2000 is less than India’s reserves now and is but a small fraction of the nearly $2 trillion held by China. Most of those reserves are held in dollars. These dollar reserves, and the hundreds of billions more held in the Middle East... Read Full Story
VOTED THE BEST EMAIL OF THIS YEAR If you think you are unhappy, look at them If you think your salary is low, how about her? If you think you don't have many friends... When you feel like giving up, think of this man If you think you suffer in life, do you suffer as much as he does? If you complain about your transport system, how about them? If your society is unfair to you, how about her? If you complain... Read Full Story
Dean, the want to be driller Letter to the American Tax Payer You’re just beginning to understand what’s happened to you, your savings, the economy and the country you so dearly love. Your 401 K’s and life savings are being openly looted by the Government and quazi-governmental entities to pay off favors. The government has told us the Constitution and your life’s work is not worth the blood and sweat paid for them. It’s every man for them self. Our economy was killed off by the intentional... Read Full Story
CALLER: I'm going to have to store food for a year to keep my family alive? GLENN: Who do you think you're talking to? I mean, it's not like you're calling, you know, Willy Wonka, Mr. Sunshine. Yeah, I do think it's going to get bad. Now, do you need a year's worth of food? I don't know. That's up to you. Do you need to buy what you can in bulk and store what you can that you consume? Yeah. Don, it is just, look at it this way. Don't look at it like, "The world is going to end" because you... Read Full Story
We've had them before, plenty of times. They're nothing new. Each totally different-all totally the same. What we have done though is change the name. Made it seem more, you know, smoother, not so shocking. Like a gentle hand molding a babies pillow. Like a dip in a smooth highway. Like a slight depression but not an illness. So out with the dread "P" word which sent fear throughout the land many times in the past. Oh, so many times. Dare we say it aloud? Yes, call it by its real name for... Read Full Story
If you want to know why most of the mainstream media continues to spout the voice of energy shortages you only need to look at the example of the East Texas Oil Field. Production was so prolific from that field, oil prices went down to 10 cents a barrel and the Texas Rangers were dispatched to Kilgore and the Texas Railroad Commission was formed in response. Oil Prices were unsustainable. Just like farm product prices are when productive Americans get involved. Oil prices just like corn... Read Full Story
NO,don't give them a nickel! Not one red cent! To reward companies in business for a million years who can't make a car anybody wants to own is nutty. Japan rose from the ashes in 1946, never looked back and learned to manufacture cars that lasted, were attractive and got decent miles per. They are making quality cars, hiring Americans and paying taxes right here in I.O.U.S.A and if we begged, they MIGHT consider taking over our dinosaur companies and resurrecting them. And that would be... Read Full Story
