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Keyword: drop

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  • Report: Labor force drop had pre-recession roots

    07/17/2014 3:59:42 PM PDT · by NormsRevenge · 6 replies
    Yahoo! News ^ | 7/17/14 | Jim Kuhnhenn - ap
    WASHINGTON (AP) — Declaring the Great Recession only partly to blame, White House economists say the increasing number of Americans dropping out of the labor force dampens economic growth and demands policy changes that create more job opportunities and add workers. In a new report released Thursday, President Barack Obama's Council of Economic Advisers point to an aging population as the biggest single factor contributing to the lowest participation rate in 36 years. The report also says the elevated unemployment rate, which climbed to 10 percent in 2009, drove workers to put off looking for a job. But they say...
  • Labor Secretary Dismisses Historical Drop in Labor Participation Rate

    05/02/2014 1:56:34 PM PDT · by Nachum · 14 replies
    free beacon ^ | 5/1/14 | staff
    Secretary of Labor Tom Perez dismissed today’s reported drop in the labor participation rate this morning on CNBC. According to the Department of Labor the economy created 288,000 jobs in the month of April, but the labor participation rate dropped 0.4 percentage points back to a historical low of 62.8 percent. Host David Faber put it to Perez directly, noting the labor participation rate drop is not due to people retiring given the participation rate for individuals 55 and older actually increased. “The civilian labor force dropped by 806,000 in April. The participation rate down by 0.4 percentage points, lowest...
  • Russia Drops Cases Against Greenpeace Activists

    12/25/2013 4:59:26 AM PST · by Freelance Warrior · 12 replies
    RIA Novosti ^ | 12/25/2013
    Russia began dropping cases on Wednesday against the Greenpeace activists, detained over a September protest staged at a Russian Arctic oil rig, as part of a broad prison amnesty approved by state lawmakers earlier this month. The St. Petersburg Investigative Committee had formally dismissed charges against at least 16 of the activists by Wednesday afternoon. All 30 are expected to be cleared by the end of the day. The activists should be able to go home within days once they receive exit visas.
  • Mystery of Prince Rupert's Drop at 130,000 fps [video only]

    12/09/2013 11:32:19 PM PST · by servo1969 · 18 replies
    YouTube.com ^ | 3-22-2013 | Smarter Every Day
    This video involved about 2 months of research, and me reaching out to several individuals. I would like to thank everyone who took time out of their schedule to contribute to my wacky research. A big thanks to the following people: ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ My wife and kids. I'm sorry this took so long and I wasn't the kind of active father I want to be during the 5 weeks it took to make this. Dr. Martyn Poliakoff for getting me access to documents which details experiments on the Prince Rupert's Drop by the Royal Society http://rsnr.royalsocietypublishing.or... (behind a pay wall) Being...
  • George Zimmerman's Girlfriend Wants to Drop Charges, 'Be With Him'

    12/09/2013 1:53:00 PM PST · by sheikdetailfeather · 101 replies
    ABC News ^ | Dec. 9, 2013 | SENI TIENABESO
    George Zimmerman's girlfriend who called Florida police to say he was breaking her stuff and was brandishing a weapon no longer wants to press charges against him and instead wants to get back together with him. Zimmerman, 30, who faces a felony aggravated assault charge as well as lesser charges stemming from the incident, is asking to have conditions of his bail modified so he can resume contact with Samantha Scheibe. According to court documents filed by Zimmerman's attorney Jayne Weintraub, Scheibe, 27, gave a sworn statement in which she wrote, "I do not want George Zimmerman charged." Zimmerman, who...
  • 73,000 losing coverage as insurers drop plans (In Maryland)

    11/04/2013 6:31:47 PM PST · by icwhatudo · 58 replies
    Baltimore Sun ^ | 11/4/2013 | Meredith Cohn,
    About 73,000 policy holders around the state will lose their insurance in coming months because nine insurance companies are dropping some health plans that were not grandfathered under the Affordable Care Act, the Maryland Insurance Administration confirmed Monday.
  • Trader Joe's To Drop Health Coverage For Part-Time Workers Under Obamacare: Memo

    09/11/2013 5:33:04 AM PDT · by Oldeconomybuyer · 13 replies
    Huffington Post | September 11, 2013
    Headline only.
  • Oakland officials drop ball on crime (or 'How ranked choice voting can get you killed.')

    12/04/2012 10:29:24 AM PST · by NormsRevenge · 11 replies
    SFGate.com ^ | 12/4/12 | Chip Johnson
    On more than one occasion I've heard politicians dredge up the old adage "You cannot arrest your way out" of a crime problem. In Oakland, it's apparently become city policy. There's been a precipitous decline in arrests in Oakland - a 44 percent drop from 2008 to 2011, according to a Chronicle investigation. And even as arrests have bottomed out, the city's crime rate has climbed in each of the past two years, including an overall 23 percent increase this year. One of the most startling statistics, the Police Department's homicide clearance rate, is particularly troubling. Through October, the department...
  • S.F., Oakland drop bid for U.S. school funds

    10/30/2012 8:29:48 AM PDT · by SmithL · 8 replies
    San Francisco Chronicle ^ | 10/30/12 | Jill Tucker
    Stuck in a standoff with teachers unions, the San Francisco and Oakland school districts have abandoned efforts to bring in up to $15 million each to develop high-quality math classes for upper-elementary and middle school students. The two districts spent months preparing a joint application for the next round of federal Race to the Top funding - which required districts to incorporate student test scores, among other criteria, in teacher evaluations. And because of that critical clause, union leaders refused to sign, as required by the federal application.
  • Obama to FactCheck.org: Drop dead

    07/04/2012 8:20:14 AM PDT · by Nachum · 18 replies
    Politico ^ | 7/3/12 | ALEXANDER BURNS
    The Obama campaign accuses Mitt Romney in new campaign ad of being a “pioneer in outsourcing,” repeating a charge that the Romney campaign has strenuously contested over the past week. The ad refers back to a June Washington Post story that showed Bain Capital invested in firms that created jobs overseas. The Romney campaign demanded a retraction of the story, to no avail, and more recently pointed to a FactCheck.org analysis questioning the “outsourcing” charge. The Obama campaign has dismissed the FactCheck.org assessment as inaccurate and penned a letter to the truth-squadding website disputing its conclusions. And its newest commercial...
  • Italian borrowing rates skyrocket in bond sale

    06/14/2012 4:05:32 AM PDT · by EBH · 4 replies
    AP ^ | 6/14/2012 | COLLEEN BARRY
    "Italian auctions are now as nerve-wracking as Spanish ones," said sovereign debt expert Nicholas Spiro of Spiro Strategy, warning that both Spain and Italy could soon find it too expensive to raise money on financial markets if the European Central Bank does not take action to restore confidence. Italy's overall debt is an enormous ¬1.9 trillion ($2.4 trillion), requiring frequent market access to repay investors whose bonds are expiring. To lower that debt, the economy needs to become more competitive. Spain's decision over the weekend to seek a bailout for its banks has fundamentally changed the market perception of Italy...
  • Heart transport mishap leaves Mexico ridiculing red-faced medics

    01/12/2012 1:12:37 PM PST · by LibWhacker · 17 replies · 1+ views
    Guardian ^ | 1/12/12 | Haroon Siddique
    Paramedics drop organ in front of photographers after it was rushed to hospital by police helicopter for transplantIt was a heart-stopping moment – or nearly so: rushing from a helicopter, two Mexican medics dropped a human heart being ferried to hospital for a transplant. And to compound their embarrassment, press photographers were there to capture the mishap. Thankfully, the transplant was carried out successfully, although that has not stopped the medics being widely ridiculed online. The heart was being transported by a police helicopter to a hospital in Mexico City on Wednesday, in what police described as "a rapid,...
  • Document drop: What Scholastic is teaching your kids about the Occupiers

    12/09/2011 8:46:28 AM PST · by Nachum · 9 replies
    Michelle Malkin ^ | 12/9/11 | Michelle Malkin
    Scholastic Inc. is a nearly century-old educational publishing company that distributes books, magazines, and other teaching materials through the schools. If you have kids (or remember from your own grade-school days), Scholastic puts out news bulletins that get sent home weekly or monthly. One of those items is Scholastic News, which bills itself as “America’s Leading News Source for kids.” Reader Edward has a daughter in fourth grade who brought home the December issue of Scholastic News — and he wasn’t too happy when he saw the publication’s coverage of the Occupy Wall Street movement. Read for yourself (click for...
  • Democrats drive drop in support for healthcare law in new poll (RIP ObamaCare: DOA)

    10/28/2011 9:05:44 AM PDT · by NormsRevenge · 7 replies
    Los Angeles Times ^ | 10/28/11 | Noam N. Levey
    Public support for the new healthcare law dropped significantly in October, a new survey shows, dealing a blow to the Obama administration as Republican presidential candidates keep up their pledges to repeal the president’s signature domestic legislative achievement. More than half of Americans now view the law unfavorably, according to a tracking poll by the nonpartisan Kaiser Family Foundation. And just 34% of Americans view the law favorably, the lowest level of support since the president signed the law in March 2010. Much of the decline appears to have been driven by faltering support among Democrats, just 52% of whom...
  • US Formally Asks PA to Drop Statehood Bid

    09/07/2011 12:15:47 PM PDT · by Eleutheria5 · 18 replies
    Arutz Sheva ^ | 7/9/11 | Gavriel Queenann
    Unmoved by sharp criticism and media antics from Palestinian Authority officials the United States on Wednesday formally asked Ramallah to drop its bid for recognition of a PA state based on pre-1967 lines at the United Nations later this month. The request was relayed to Palestinian Authority President Mahmoud Abbas by US envoy David Hale during a meeting in Ramallah, officials in Ramallah said. The meeting was attended by US envoy Dennis Ross and US Consul-General in Jerusalem, Daniel Rubenstien. The officials complained US envoys did not carry any new proposals for reviving the peace process and intimated the PA...
  • Current TV CEO Not Worried About Keith Olbermann’s Ratings Drop (Oberflop Alert)

    07/07/2011 5:57:42 PM PDT · by jimbo123 · 27 replies
    Mediaite ^ | 7/7/11 | Mark Joyella
    As you may have heard once or twice before, it’s a marathon, not a sprint (unless, of course, you’re talking about a sprint, then it’s a sprint, not a marathon). But we digress. Mark Rosenthal, CEO of Current TV, uses the sports metaphor to express his lack of concern over the second-week ratings drop for Keith Olbermann’s Countdown. The show saw its ratings shrink by nearly a third during the week of June 27, averaging 93,000 viewers in the key 25-54 demographic.
  • PA says it'll drop UN bid if Israel accepts 67 lines

    07/04/2011 12:41:54 PM PDT · by Nachum · 21 replies
    jpost.com ^ | 7/4/11 | KHALED ABU TOAMEH AND HERB KEINON
    Abbas advisor says if Quartet calls on Israel to withdraw from '67 territories, halt settlement construction, PA will abandon September plan; Netanyahu says his stance hasn't changed. The Palestinian Authority will abandon its plan to ask the UN in September to recognize a Palestinian state along pre-1967 lines if Quartet members ­ the US, EU, UN and Russia ­ recognize the two-state principle as the basis for a settlement and call on Israel to withdraw from the territories captured in 1967, including east Jerusalem, an advisor to PA President Mahmoud Abbas said on Monday. Nimer Hammad, political advisor to Abbas,...
  • Document drop: More Project Gunrunner fit hits the shan

    06/15/2011 8:47:16 AM PDT · by Nachum · 22 replies
    Michelle Malkin ^ | 6/15/11 | Michelle Malkin
    I’ve been keeping you abreast of all the Obama administration’s Project Gunrunner stonewalling since March (links/chronology below). Today, vigilant GOP House Oversight and Reform Committee chairman Darrell Issa is holding another hearing to pressure Team Obama for the whole truth. On Monday, Issa and GOP watchdogs spotlighted DOJ obstructionism (Sipsey Street Irregulars has a rundown here.) More fit is hitting the shan. And in one of those rare confluences, other MSM outlets have joined CBS News in exposing the story. First, new documents. Just in from Issa’s office: Moments ago in his opening statement at today’s hearing, Operation Fast and...
  • Drop in U.S. birth rate is the biggest in 30 years

    03/31/2011 4:11:02 PM PDT · by Nachum · 14 replies
    Los Angeles Times ^ | 3/31/11 | Shari Roan
    The maternity business has experienced a recession, too, it appears. Births fell 4% from 2007 to 2009, the biggest drop for any two-year period since the mid-1970s, according to federal government data released Thursday. The rate, 66.7 births per 1,000 women ages 15 to 44, isn't the lowest in recent memory. The 1997 rate was an all-time low of 63.6. But the authors of the report say preliminary data show the birth rate continued falling through the first half of 2010. (Snip) Fewer families are having more than two children. Almost 75% of births in 2009 were first or second
  • U.S. Gas Consumption Could Drop 20% in 20 Years

    01/26/2011 11:13:20 AM PST · by Son House · 21 replies
    Cars.com ^ | December 21, 2010 | By David Thomas
    A storm of factors, from a decline in demand to more fuel-efficient vehicles, will lead to a long-term decline in U.S. gas demand, according to a recent report from The Associated Press. By 2030, gasoline use in the U.S. will drop “at least 20%” from where it is today, experts say. We’ve already seen an 8% drop in gasoline demand since it peaked in 2006. The more severe decline will be attributed to higher fuel efficiency in new cars mandated by the government as well as electric vehicles and alternative-fuel vehicles that burn ethanol and biofuels. The government will mandate...
  • Unemployment rate falls to 9.4 percent, hiring up

    01/07/2011 5:48:27 AM PST · by Perdogg · 133 replies
    <p>The nation's unemployment rate dropped to 9.4 percent last month, its lowest level in 19 months. That was because more people found jobs, but also because some people gave up on their job searches.</p>
  • Palestinians drop claim that Western Wall is 'not Jewish'

    12/01/2010 1:37:41 PM PST · by Nachum · 10 replies
    Associated Press ^ | 12/1/10 | Staff
    The Palestinian government has removed a report claiming that Jerusalem's Western Wall isn't holy to Jews from an official website, after it provoked furious reaction. The five-page report has been condemned by the U.S. and Israel as incorrect and provocative. Palestinian officials would not comment on the report Wednesday. But its author, Al-Mutawakil Taha, a civil servant in the Information Ministry, says he stands by it.
  • Fed Easing May Mean 20% Dollar Drop: Bill Gross

    11/02/2010 3:03:40 PM PDT · by FromLori · 17 replies
    CNBC ^ | 11/2/10
    The dollar is in danger of losing 20 percent of its value over the next few years if the Federal Reserve continues unconventional monetary easing, Bill Gross, the manager of the world's largest mutual fund, said on Monday. "I think a 20 percent decline in the dollar is possible," Gross said, adding the pace of the currency's decline was also an important consideration for investors. "When a central bank prints trillions of dollars of checks, which is not necessarily what (a second round of quantitative easing) will do in terms of the amount, but if it gets into that territory—that...
  • McDonald's May Drop Health Plan (but Obama said you could keep your plan!)

    McDonald's Corp. has warned federal regulators that it could drop its health insurance plan for nearly 30,000 hourly restaurant workers unless regulators waive a new requirement of the U.S. health overhaul. The move is one of the clearest indications that new rules may disrupt workers' health plans as the law ripples through the real world. Trade groups representing restaurants and retailers say low-wage employers might halt their coverage if the government doesn't loosen a requirement for "mini-med" plans, which offer limited benefits to some 1.4 million Americans.
  • Sharpest drop in manufacturing in past year (Endless Bummer continues)

    07/16/2010 8:21:17 AM PDT · by SeekAndFind · 11 replies
    Hotair ^ | 07/16/2010 | Ed Morrisey
    Factory output dropped by the largest amount in the past year, the Commerce Department announced yesterday. The news cast a pall over Wall Street, and declines in two regional indexes of activity contributed to losses in the stock market. It appears to signal that whatever growth we have experienced since last summer will be as much as we’ll see for the near- to mid-term future: New evidence of a slowing economic rebound emerged Thursday in reports that manufacturing activity is slowing after helping drive the early stages of the recovery.Factory output fell in June, according to a government report on...
  • Obama to Seniors: 'Drop Dead'

    05/27/2010 8:58:51 AM PDT · by Nachum · 36 replies · 1,410+ views
    human events ^ | 5/27/10 | Robert E. Moffit
    According to surveys, no group of Americans is more skeptical of Obamacare than senior citizens—and with good reason. While bits and pieces of the massive law are designed to appeal to seniors—more taxpayer subsidies for the Medicare drug benefit, for example—much of the financing over the initial ten years is siphoned off from an estimated $575 billion in projected savings to the Medicare program. Unless Medicare savings are captured and plowed right back into the Medicare program, however, the solvency of the Medicare program will continue to weaken. The law does not provide for that. Medicare is already burdened by...
  • &#65279; Democrats to America: Drop dead

    03/21/2010 10:24:56 PM PDT · by Nachum · 24 replies · 873+ views
    Washington Examiner ^ | 3/21/10 | staff
    Well, they finally did it. Despite more than a year of steadily rising public opposition, manifested in opinion polls and in protest rallies across the country, President Obama, Senate Majority Leader Harry Reid and House Speaker Nancy Pelosi finally rammed through Obamacare late Sunday when House Democrats gave the bill their imprimatur. The House vote isn’t the end of the national debate on this issue, however, as the Senate still must accept the House changes in the Senate Obamacare bill. Senate Republicans argue that the House reconciliation bill that makes significant changes in the Senate bill violates the Congressional Budget...
  • Unfortunately, the Unemployment Number Drop is Merely an Illusion

    02/05/2010 2:56:51 PM PST · by sheikdetailfeather · 11 replies · 771+ views
    Rush Limbaugh ^ | 2-5-2010 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: State-Controlled Media can only talk about how great is the unemployment rate. "Lower than expected." Let's go to the audiotape. VARNEY: The unemployment rate falling to 9.7%. That is an improvement from the previous month. It's better than expected. TODD: The unemployment rate surprisingly dropped below 10% to 9.7%. That's the good news. LEE: ...falling to 9.7%, and that's an improvement from last month and better than expected. JOHNSON: That headline number is absolutely huge. You can't underestimate that. ELAM: We haven't seen unemployment that low since last summer. RUSH: Yeah, except the problem is it's not...
  • Gasoline jumps after unexpected supply drop

    02/03/2010 1:08:49 PM PST · by NormsRevenge · 18 replies · 494+ views
    AP on Yahoo ^ | 2/3/10 | Chris Kahn - ap
    NEW YORK (AP) -- Gasoline futures jumped nearly 2 percent Wednesday after the government reported a surprise drop in the nation's supply. This could eventually tug pump prices higher, but so far that hasn't happened. Retail gas prices have tumbled for three straight weeks. The Energy Information Administration reported that gasoline stockpiles fell by 1.3 million barrels last week. Supplies sank as U.S. refineries continued to churn out less fuel. The EIA report said refineries are operating at the lowest level on record, other than a few weeks in 2008 and 2005 when hurricanes ripped through the Gulf of Mexico...
  • Airmen, ‘Soldier Santas’ Conduct Toy Drop

    12/24/2009 3:00:35 PM PST · by SandRat · 1 replies · 333+ views
    American Forces Press Service ^ | Capt. Lauri Turpin, USAF
    POPE AIR FORCE BASE, N.C., Dec. 24, 2009 – You know Dasher and Dancer and Prancer and Vixen. But on Dec. 6, it was not a team of reindeer, but Air Force Maj. Jeff Dasher, a navigator in the 95th Airlift Squadron here, who guided the mission for the 440th Airlift Wing's C-130 Hercules that flew a group of “Soldier Santas” across the morning sky. The first paratrooper to jump waits for the "green light" on board a C-130 Hercules Dec. 6, 2009, above Fort Bragg, N.C.. Crews from the National Guard's 145th Airlift Wing from Charlotte, N.C., and the...
  • Operation Christmas Drop is underway once again

    12/18/2009 5:27:03 PM PST · by SandRat · 204+ views
    Air Force ^ | Senior Airman Shane Dunaway, USAF
    12/18/2009 - ANDERSEN AIR FORCE BASE, Guam (AFNS) -- More than 12 months of preparation have gone into ensuring this year's four-day air drop mission, known as Operation Christmas Drop, goes smoothly, with countless fundraisers and many drop-off points made available to those wishing to donate supplies and help support Guam's island neighbors in the Marianas, Carolines, Commonwealth of the Northern Marianas Islands and the Federal States of Micronesia. Operation Christmas Drop's mission officially kicked off with a Push Ceremony held Dec. 15. Members of the Andersen family and representatives from the local community were on hand to assist in...
  • US Shoppers Spent Less Over Black Friday: NRF

    11/29/2009 1:45:45 PM PST · by TigerLikesRooster · 46 replies · 1,627+ views
    CNBC ^ | 11/29/09
    US Shoppers Spent Less Over Black Friday: NRF US, RETAIL, ECONOMY, SHOPPERS, SHOPPING, BLACK FRIDAY, TARGET, WAL-MART, GAP, SAKS Reuters | 29 Nov 2009 | 03:41 PM ET American consumers shopped more for bargains at the start of the U.S. holiday season and spent significantly less than a year ago, according to early data released on Sunday. Consumers said they will have spent nearly 8 percent less on average, or about $343 per person, over the weekend that includes U.S. Thanksgiving Day, Black Friday and runs through Sunday, according to the National Retail Federation. While traffic to stores and retail...
  • Conservatives to drop EU referendum pledge: report

    11/02/2009 7:31:21 PM PST · by NormsRevenge · 9 replies · 695+ views
    AFP on Yahoo ^ | 11/2/09 | AFP
    LONDON (AFP) – David Cameron, leader of the Conservative party, widely tipped to be the next prime minister, is to drop plans for a referendum on the European Union's key reforming Lisbon Treaty, a newspaper said Tuesday. Cameron is set to announce he will abandon a pledge to hold a vote on the treaty if his party wins the country's general election due by next June, the Daily Telegraph said. A referendum had threatened to cause a headache for the European Union amid delays over the introduction of the treaty in the 27-nation bloc, which must be ratified by all...
  • New-home sales fall for the first time since March (unexpectedly fall?)

    10/28/2009 8:42:57 AM PDT · by TigerLikesRooster · 21 replies · 613+ views
    Market Watch ^ | 10/28/09 | Greg Robb
    New-home sales fall for the first time since March Related stories By Greg Robb, MarketWatch WASHINGTON (MarketWatch) -- U.S. sales of new homes unexpectedly fell in September for the first time since March, clouding what had been a sunny period for the beleaguered housing sector. Sales fell 3.6% in September to a seasonally adjusted annual rate of 402,000, the Commerce Department reported Wednesday. Read complete government report. Economists had expected sales to rise to 438,000 in September, boosted by a tax credit for first-time home buyers and an innovative Federal Reserve policy designed to keep mortgage rates low. See Economic...
  • BARACK OBAMA SEES WORST POLL RATING DROP IN 50 YEARS

    10/23/2009 4:20:39 AM PDT · by lt.america · 34 replies · 1,454+ views
    Telegraph ^ | 22 October, 2009 | Toby Herndon
    Gallup recorded an average daily approval rating of 53 per cent for Mr Obama for the third quarter of the year, a sharp drop from the 62 per cent he recorded from April. His current approval rating – hovering just above the level that would make re-election an uphill struggle – is close to the bottom for newly-elected president. Mr Obama entered the White House with a soaring 78 per cent approval rating.
  • Back-to-school sales flunk(but better than expected... LOL)

    09/03/2009 9:07:01 AM PDT · by TigerLikesRooster · 7 replies · 410+ views
    CNNMoney ^ | 09/03/09 | Julianne Pepitone
    Back-to-school sales flunk Most retailers posting declines in August, indicating continued weakness in the consumer sector. By Julianne Pepitone, CNNMoney.com staff reporter Last Updated: September 3, 2009: 10:29 AM ET NEW YORK (CNNMoney.com) -- Back-to-school sales for major national retailers fell from last year, but the results were stronger than analysts expected, thanks in part to discounters. August same-store sales, sales at stores open a year or more, fell 2.9% overall from last year, Thomson Reuters reported. Analysts had expected a 3.8% decline as consumers continue to feel the pinch of the recession. "The overall index was not good by...
  • Global electricity use forecast to fall(first since 1945)

    05/21/2009 8:13:17 PM PDT · by TigerLikesRooster · 12 replies · 774+ views
    FT ^ | 05/21/09 | Kate Mackenzie
    Global electricity use forecast to fall By Kate Mackenzie in London Published: May 21 2009 19:52 | Last updated: May 21 2009 19:52 Global electricity consumption will fall this year for the first time since 1945, according to the International Energy Agency. The watchdog for developed energy consuming countries will tell energy ministers from the Group of Eight leading economies on Sunday that electricity demand will fall 3.5 per cent in 2009. In China, where power use is seen as a more reliable barometer of economic activity than official economic measures, consumption will be more than 2 per cent lower...
  • Stocks drop as FDIC chief hints government may start firing CEOs

    05/15/2009 5:28:12 PM PDT · by Nachum · 17 replies · 1,052+ views
    bloomberg ^ | 5/15/2009
    U.S. stocks retreated as concern the government will replace the chief executive officers of some banks snuffed out an early rally spurred by reports signaling the contraction in manufacturing is abating.
  • U.S. May Drop Key Condition for Talks With Iran

    04/13/2009 7:38:45 PM PDT · by Nachum · 15 replies · 491+ views
    NYTimes ^ | 4/13/09 | DAVID E. SANGER
    WASHINGTON — The Obama administration and its European allies are preparing proposals that would shift strategy toward Iran by dropping a longstanding American insistence that Tehran rapidly shut down nuclear facilities during the early phases of negotiations over its atomic program, according to officials involved in the discussions.
  • Japan’s Nikkei Drops Toward 26-Year Low

    03/02/2009 6:27:58 PM PST · by George from New England · 6 replies · 576+ views
    Yahoo finance ^ | March 3, 2009 | Masaki Kondo
    Japanese shares dropped, sending the Nikkei 225 Stock Average to the lowest level in a quarter century, on concern the deepening recession will spark more financial losses and diminish demand for resources. Tokio Marine Holdings Inc., Japan’s No. 1 casualty insurer, lost 5.2 percent after American International Group Inc. had the worst quarterly loss in U.S. history, prompting the government to inject more aid. Canon Inc., which gets a third of its sales from the Americas, sank 4.4 percent after U.S. manufacturing shrank for a 13th month. Inpex Corp., Japan’s largest oil and gas explorer, retreated 5.3 percent as crude...
  • Macy's reports 59 percent drop in 4Q profit

    02/24/2009 7:19:58 AM PST · by Nachum · 35 replies · 762+ views
    Yahoo ^ | 2/24/09 | staff
    NEW YORK (AP) -- Macy's Inc. reported an almost 59 percent drop in fourth-quarter earnings Tuesday as its results were dragged down by weak sales and one-time costs associated with the consolidations of regional divisions and store closings. The Cincinnati-based company said Tuesday that in the three months ended Jan. 31, it earned $310 million, or 73 cents per share. That compares with $750 million, or $1.73 per share, a year earlier. Sales fell 7.7 percent to $7.93 billion from $8.59 billion a year ago. Same-store sales, or sales at stores opened at least a year, fell 7 percent. Same-store...
  • Forex reserves drop for first time since 2003

    12/25/2008 12:11:07 AM PST · by TigerLikesRooster · 7 replies · 458+ views
    China Daily ^ | 12/24/08
    Forex reserves drop for first time since 2003(China Daily) Updated: 2008-12-24 07:38 China's foreign exchange reserves have declined for the first time in five years after peaking at $1.9 trillion at the end of September, a State Administration of Foreign Exchange official has said. Cai Qiusheng, head of the foreign debts section under the capital-account management department, made the remarks at an annual meeting of China's import and export enterprises held over the weekend, Shanghai Securities Journal reported yesterday. But Cai did not say in which month, October or November, the forex reserves fell below the $1.9-trillion level, nor did...
  • It's 3:30, Do you Know Where Your Stocks Went? (Sudden Major Loss in DOW This Afternoon)

    12/04/2008 12:51:47 PM PST · by Robert A. Cook, PE · 47 replies · 2,038+ views
    DOW | 12-04-2008 | Robert A Cook PE
    Let's see how the liberals spin this: Stocks can't really be predicted or even discussed (disgusted) lately in any rational sense - every day is different with swings up and down that are responding to every announcement from Washington. But notice the very sudden drop (from 8550 at 2:30 to 8200 at 3:30.) Can anybody really say that these changes actually reflect any economic sense at all?
  • Largest Post Election Dow Point Drop in U.S. History

    11/06/2008 12:20:37 PM PST · by DoughtyOne · 138 replies · 5,994+ views
    On Air... | 11/06/08 | Limbaugh
    The current two day drop of the DJIA figure is the largest post election crash in U.S. History. The DJIA figure was off 915.92 a few minutes ago, that's 9.5% since Obama became President elect. Pundits who just days ago were saying that U.S. Citizens had more faith in Obama when it related to the economy are now having to hurriedly work up stories reassuring the public that this drop isn't related to public fear that Obama is not up to the task of managing the current economic problems.
  • Oil falls below $79 on profit-taking, demand drop

    10/14/2008 2:27:34 PM PDT · by NormsRevenge · 38 replies · 814+ views
    AP on Yahoo ^ | 10/14/08 | Stevenson Jacobs - ap
    NEW YORK – Oil prices fell below $79 a barrel in choppy trading Tuesday as investors took profits from the previous day's rally and shifted their focus back to signs of dwindling world energy demand. A falling U.S. stock market, a day after a record-breaking advance, also weighed on crude prices as oil market traders continued to fixate on equities as a barometer for the overall confidence in the shaky world economy. At the pump, retail gas price kept dropping. A gallon of regular dropped 4.3 cents overnight to a new national average of $3.163, according to auto club AAA,...
  • US STOCKS-Wall St drops as credit worry persists

    10/09/2008 8:25:26 AM PDT · by TigerLikesRooster · 39 replies · 824+ views
    Reuters ^ | 10/09/08
    US STOCKS-Wall St drops as credit worry persists Thu Oct 9, 2008 11:06am EDT (Updates with market extending losses) NEW YORK, Oct 9 (Reuters) - U.S. stocks fell further in choppy trade on Thursday as persistent fears that the widening credit crisis will tip the global economy into recession derailed an attempted rebound, with financials leading the slide. The Dow Jones industrial average .DJI slid 124.96 points, or 1.35 percent, to 9,133.14. The Standard & Poor's 500 Index .SPX tumbled 16.01 points, or 1.63 percent, to 968.93. The Nasdaq Composite Index .IXIC shed 6.31 points, or 0.36 percent, to 1,734.02.
  • Oil falls to three-month low of $118

    08/05/2008 7:28:58 AM PDT · by TigerLikesRooster · 82 replies · 202+ views
    Reuters ^ | x Lawler
    Oil falls to three-month low of $118 By Alex Lawler Reuters - 1 hour 9 minutes ago LONDON (Reuters) - Oil fell to $118 a barrel on Tuesday, a three-month low, as investors focused on rising OPEC supply and declining demand in the United States and Europe. (Advertisement) The loss extends a slide from the July 11 record high of $147.27 a barrel, despite a Gulf of Mexico storm that has curbed oil output, and is prompting some to say that oil's rally has run its course for now. "Most of the hedge funds have been taking profits," said Angus...
  • US markets falter following home sales figures(better-than-expected followed by worse-than-expected)

    07/24/2008 5:40:51 PM PDT · by TigerLikesRooster · 14 replies · 189+ views
    Times of London ^ | 07/24/08 | Tom Bawden
    US markets falter following home sales figures Tom Bawden in New York America’s main stock markets tumbled by more than 2 per cent yesterday after new data showed the number of previously-owned homes sold in June fell by more than twice the expected volume to the lowest level in at least ten years. The Standard & Poor's 500 Index fell by 29.62 points, or 2.3 per cent, to 1,252.57, with builders and financial services groups taking the biggest hit because they have the most to lose from the housing crisis. The Dow Jones Industrial Average declined by 283.1, or 2.4...
  • Iraq June death toll drops nearly 10 percent

    07/01/2008 9:06:08 AM PDT · by forkinsocket · 2 replies · 138+ views
    AFP ^ | 07/01/08 | Staff
    BAGHDAD (AFP) — The number of Iraqis killed in political violence in June fell to 509, a near 10 percent fall compared to the previous month, security officials said on Monday. Insurgent and militia attacks killed at least 448 civilians, 40 policemen and 21 soldiers, the officials said quoting figures collected from the interior, health and defence ministries. In May, violence claimed the lives of 504 civilians, 32 policemen and 27 soldiers. By contrast US military losses rose to 29 in June compared with 19 in May, which marked the military's lowest monthly death toll since the March 2003 invasion,...
  • Get Ready for the Oil-Price Drop

    06/07/2008 7:28:48 AM PDT · by SeekAndFind · 180 replies · 249+ views
    Cato Institute ^ | June 5, 2008 | Alan Reynolds
    The price of crude oil has jumped as high as $135 lately, up from $87 in early February. The news encouraged some Wall Street analysts to suggest oil might approach $200 before long. In fact, that's quite impossible: The world economy can't handle current energy prices, much less a big increase. Which in turn means that oil prices will fall. Market analysts often claim oil prices are almost entirely determined by supply. Demand is said to be insensitive ("inelastic") to price. The standard example is that many Americans have to drive to work and most gas-guzzling SUVs will still be...