Archive for September, 2011

Incomes fall for first time in nearly two years

With less income, many consumers are tapping their savings to cover steeper costs. In August, the savings rate fell to its lowest level since December 2009. The data offer “more evidence that households are in quite a bind,” said Paul Dales, senior U.S. economist at Capital Economics.

Age Discrimination Harder To Fight Amid Record Unemployment For Older Workers

Jack Gross testifies on Capitol Hill in Washington, Thursday, July 1, 2010, before the Senate Judiciary Committee hearing for Supreme Court nominee Elena Kagan.

Which Antivirus Products Are Best, Worst at Detecting Malware?

Quite a few products improved their ratings in the latest on-demand test by AV-Comparatives.org. This test also uses a new prevalence-based system to rate the importance of false positives.

Poverty Is Rising, But State Tax Systems Burden The Poor, While Rich Get Off Easy

WASHINGTON — Newly released U.S. Census data reveal that poverty levels have skyrocketed, but in most states, the tax systems disproportionally burden the poor. Most states also impose tax structures similar to what current Republican presidential candidates are advocating, and experts warn these should serve as cautionary tales against implementing them on a national level.

Robbie Gennet: If the Bush Tax Cuts Have Failed at Job Creation, Why Are So-Called “Job Creators” Still Fighting for

If tax cuts work against job creation and our nation is in need of job creation, then rescinding the Bush tax cuts for the wealthy is a good start, right? Not according to Republican talking points.

Merger May Impact Nation’s 1st Offshore Wind Farm

The nation’s first offshore wind farm enjoys high-profile federal and state backing, but it hasn’t been able to win over one important party: the second-largest utility in Massachusetts.

Investment Focus – State Bank of India : Buy

Investors with a two/three-year investment horizon can consider taking fresh exposure to the stock of State Bank of India. The stock has lost 45 per cent of its value from its peak in November and is trading at an attractive valuation.

Five Service Stocks that Pass the Strategies of Market Legends

Over the past several decades, America has shifted consistently and dramatically toward being a service-dominated economy. Fifty years ago, 59% of U.S. private jobs came from the service

Peak-season homebuying hits decade low, but brokers banking on September rebound

The drought that set the stage for New Mexico’s wildfires also devastated Santa Fe’s peak homebuying season. The number of home sales completed in August was the lowest in more than a decade with just 94 closings a 21 percent decline.

House prices to fall 4 percent before stabilising – Reuters poll

LONDON – House prices will fall another 4 percent before stabilising next year as a tough economy dampens demand and nervous sellers stay away, a Reuters poll showed on Wednesday.