For the first time since the 1970s Britain is facing the reality of double-dip recession. According figures supplied by London’s Office for National Statistics, the gross domestic product shrunk by 0.2 percent in the first quarter of 2012 after contracting by 0.3 percent in the last quarter of 2011. The technical definition of recession is… Continue Reading
Carl Barbier, US District Judge, is ready to hear a proposed class-action settlement over the damages done by the British Petroleum oil spoil in the Gulf of Mexico in 2010. The agreement, which will hopefully settle billions of dollars in claims, will be presented by BP PLC and a team of lawyers representing the plaintiffs… Continue Reading
Meteorologically speaking, spring is usually a welcome relief from cold, dark winter. However on the economic front, at least this year, there is a fear that this spring will bring the US economy back to the dreary days of last year’s recession, which this winter showed signs of recovery. As Christine Lagarde, the managing director… Continue Reading
One of the fastest growing companies in America now is a high-tech firm called iRobot Corporation. Founded in 1990 by Massachusetts Institute of Technology-educated robotocists, iRobot generated over $465 million in earnings in 2011. Colin Angle is a co-founder, Chairman of the Board and CEO. His vision for the company is to bring practical robots… Continue Reading
Business needs energy, but energy is expensive. In addition there is a sizable portion of the population that says traditional sources of power are dangerous for our environment. More companies are taking the green (or at least greener) step of switching to cleaner, and sometimes more efficient energy sources, especially as the technologies continue to… Continue Reading
The following video presents an interview by the Editor-in-Chief of MarketWatch, David Callaway, with three economic expert analysts; Robert Powell, Senior Retirement Columnist, MarketWatch, William O’Donnell, Head of US Treasury Strategy, RBS Securities Inc., and Lee Munson, Chief Investment Officer, Portfolio LLC, in which they deliver their opinions regarding whether the Euro will still exist… Continue Reading
World economies are vying for position and power as they begin a plan to raise additional funds for the International Monetary Fund with the goal of limiting the damage the euro zone debt crisis will cause. Emerging economies hope to gain more say in the Washington-based think-tank/global lender and policy making body as they decide… Continue Reading
Two young economists, Emmanuel Saez and Thomas Piketty have done their research when it comes to the disparities between the poor, middle class and wealthy of the world. Perhaps unknown to the public at large, they have received top recognition from their peers in their field. According to this academic pair, the wealthy have been… Continue Reading
Helen Glutch, owner of one of the branches of the successful women’s fitness chain “Curves” in Citrus Heights, California explained that she is passionate about helping women be the best they can be. “We offer not only strength training and cardio workouts, but a fabulous weight loss program called Curves Complete. It’s about losing fat… Continue Reading
It is always interesting to compare overall economic outlook and general business trends with trends in small businesses in rural settings. This year, with the prospect of a renewed recession hovering over the US economy, it is cheering to see that rural small business looks especially promising. Listed below are the leading five trends for… Continue Reading