Economy - Most Recent

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The view of the auto industry, then and now

Feb 23, 2012
The auto industry bailout continues to be a point of controversy among the general population of America, but the view of carmakers has made a bit of a comeback in the last few years.
Posted In: Michigan, Auto, bailout, Gallup

What retail earnings are telling us about the economy

Feb 23, 2012
This week we're finding out how department stores have been faring. Macy's and Saks are in good shape; today, Kohl's says its yearly sales rose. Department stores can tell us a lot about the health of the economy -- at least part of it.
Posted In: Retail, middle class

PODCAST: Bailed out-rage

Feb 23, 2012
Last night's GOP debate on CNN included a lot of talk on the American auto bailout. In Michigan, employment has started to rebound in part thanks to manufacturing jobs associated with the auto industry. Elsewhere in the state, Jeremy Hobson sat down with the CEO of Domino's Pizza to see how the company is faring in these tough economic times, and to see what kind of effect Bain Capital had on the business. And speaking of the auto bailout, how do Americans in general feel about it?

Unemployment down -- but so are wages

Feb 23, 2012
The dip in unemployment and job claims indicate optimism -- but wages fell sharply for the majority of American workers last year in a way that they haven't since 2007.
Posted In: Unemployment, wages, economic indicators

Obama speaks about gas prices

Feb 23, 2012
The president spoke to the crowd at the University of Miami about American energy.
Posted In: gas prices, energy, Barack Obama

New plan to be outlined for U.S. corporate tax code

Feb 22, 2012
The Obama administration today will outline a broad overhaul of the nation's corporate tax code that will lower the tax rate that businesses pay, but could increase to amount of tax revenue heading to Washington.
Posted In: corporate, corporate tax, corporations, Obama

PODCAST: Corporate taxes and state budgets

Feb 22, 2012
The Obama administration is expected to announce a plan to cut the federal corporate tax from 35 percent (that's the second highest rate in the world) down to 28 percent. The consumer sentiment figure is a measure of how consumers are feeling about the economy and it's put together by Thomson Reuters and the University of Michigan. The nation's most populous state, California, had a brush with fiscal calamity this month, and lawmakers had to scramble recently to close a $5 billion budget shortfall.

Learning more about consumer sentiment

Feb 22, 2012
Thomson Reuters and the University of Michigan put together a consumer sentiment survey, which serves as an important economic indicator for the U.S.
Posted In: economic indicator, consumer sentiment, 2012 election

California budget surplus turns into shortfall

Feb 22, 2012
The Golden State didn't collect as much income tax from wealthy residents as it had predicted.
Posted In: california, state budget

Changes in store for the corporate tax rate

Feb 22, 2012
The Obama administration is expected to announce a plan to bring the corporate tax rate down from 35 to 28 percent, hoping to eliminate tax loopholes for corporate giants.
Posted In: corporate tax, President Obama

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