Keyword: cnnmoney
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Warning: This story contains language some may find offensive. It should come as no surprise that Donald Trump has earned scant support among black voters. Black protesters have been heckled and kicked out of Trump rallies and a black man was sucker punched by a white man as he was leaving another event in North Carolina. Trump has also gained the support of white supremacists including David Duke, the former Grand Wizard of the Ku Klux Klan (Trump later disavowed Duke, but only after many public stumbles and increasing pressure to do so.) But James Davis, a black conservative pastor...
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CNN has canceled multiple series. Per Deadline,Crossfire has officially been canceled. The series, a CNN staple from 1982-2005, relaunched in September 2013, earned low ratings until it went on hiatus in May. The show briefly returned in July, then went on hiatus again. CNN is also canceling Sanjay Gupta M.D, CNN Money With Christine Romans and Unguarded With Rachel Nichols. All three anchors will remain with the network.
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Hooray! The Gross Domestic Product shrank by 2.9% in the first quarter of the year. "This recovery is underway." Your humble correspondent was very careful to put the previous sentence in quotes because I don't want you to think I've taken leave of my senses. This amazing conclusion comes to us courtesy of CNN Money spinmeister Annalyn Kurtz who starts out on a rather gloomy note but manages to spin her way into economic joy:
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At 7:50 am Friday morning, CNNMoney reported on the embarrassingly small number of jobs the “green” energy industry has contributed to the nation’s workforce. The story was titled “‘Green’ jobs just a small portion of workforce.” -------- “As Kermit knows, it’s not easy being green,” the story began. “There were only 3.1 million green jobs in the U.S. in 2010.” Translation: After receiving billions in federal subsidies ($100 billion from the stimulus program alone), “green” jobs account for only 2.4 percent of the nation’s employment. Seeing as how taxpayer dollars are being thrown at “green” energy projects under the guise...
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NEW YORK (CNNMoney.com) -- The risk of a double-dip recession is getting a lot of attention, but even that grim prediction could prove a little too optimistic. Disappointing job reports, weakness in housing and consumer spending and problems in world financial markets have raised concerns about the U.S. economy stalling out later this year. Now some economists are starting to talk about an even worse fate: a prolonged period of very weak growth, a so-called "lost decade." "The probability of a lost decade is significantly greater than a double dip," said Sung Won Sohn, economics professor at Cal State University...
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With President Obama still glowing over last week's passage of health-care reform, it's a good time to ask why American businesses ever began providing health-care coverage, and especially prescription drug benefits, to begin with. Out of all industrialized nations, only the United States has tied employment to health care and retirement coverage. Incredibly, our health-care system is an outgrowth of 1950s union-busting efforts. That's right: Carmakers didn't want unions to form their own benefits co-ops. So they instead provided the very health care and retiree coverage that ended up destroying them. Of course, from the moment health-care benefits became a...
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NEW YORK (CNNMoney.com) -- Stocks weakened early Friday afternoon as investors weighed a growing debt crisis in Europe with a report that showed more U.S. job losses despite a lower unemployment rate. The Dow Jones industrial average (INDU) lost 42 points, or 0.4%, almost three hours into the session, which puts the index at 9,920. The S&P 500 index (SPX) lost 5 points, or 0.5%, and the Nasdaq composite (COMP) was little changed. "The employment report was a mixed bag overall, but the market is more focused on what is happening globally," said David Rosenberg, chief economist at Gluskin Sheff...
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NEW YORK (CNNMoney.com) -- Stocks tumbled Thursday, with the Dow and S&P 500 near 3-month lows, amid fears of sovereign debt woes in Europe and a rise in weekly jobless claims ahead of Friday's big monthly employment report. The Dow Jones industrial average (INDU) lost 244 points, or 2.4%, with 15 minutes left in the session. The S&P 500 index (SPX) fell 30 points, or 2.8%. Both indexes were on track to close at the lowest points since Nov. 6. The Nasdaq composite (COMP) fell 59 points, or 2.7%, and was on track to close at the lowest point since...
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NEW YORK (CNNMoney.com) -- Bank stocks led a broader selloff Friday morning as investors dumped shares of JPMorgan Chase and Intel despite better-than-expected earnings reports from both companies. A mild reading on inflation, a mostly in-line reading on manufacturing and a better-than-expected report on consumer sentiment were also in the mix. The Dow Jones industrial average (INDU) lost 109 points, or 1% nearly 90 minutes into the session. The S&P 500 index (SPX) lost 12 points, or 1%. The Nasdaq composite (COMP) lost 21 points or 0.9%. Stocks managed gains Thursday, with the Dow and the S&P 500 closing at...
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Doesn't the title of this story from CNNMoney.Com make you feel all warm and fuzzy inside? "White House Staff Safe From Obama Tax Hike." I bet you were biting your fingernails in worry about whether White House staffers would be hit with the higher taxes that President Obama promised would only happen to those making over $250,000 per year. Here is the "reassurance" from CNNMoney that the White House staffers won't be burdened by higher taxes due to Obama's sacred pledge: WASHINGTON (CNN) -- President Barack Obama's White House staff appears to be safe from a tax increase, for now.The...
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<p>NEW YORK -- Like many other California renters in early 2005, Nick Basile and his fiancée, Jackie Neuffer, felt the pressure of ballooning home prices.</p>
<p>The couple, fresh out of college, decided to act. They snapped up a house last summer in the San Joaquin Valley town of Visalia where prices had already spiked 40 percent in the prior 12 months.</p>
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