Former Chairman of the Council of Economic Advisors under President Nixon and economic advisor to other presidents, Paul W McCracken died at the age of 96 in Ann Arbor, Michigan last Friday. McCracken’s death was announced on the website of the Ross School of Business at the University of Michigan where he was professor emeritus… Continue Reading
Struggling businesses and shaky unemployment rates have sent the nation into a well-controlled panic. However, some areas are still seeing signs of growth. Richmond, for example, is thrilled by the new ‘Hiring’ sign that hangs at a formerly-vacant warehouse on West Cutting Boulevard. Placed there by the “superfood” importer and marketer Nutiva, the message brings… Continue Reading
Former U.S. Senator Blanche Lincoln, Democrat of Arkansas says she shares a deep concern for the welfare of the middle class with President Obama. But she asks the President to tone down his rhetoric which has sounded lately like he is against small business. “The president suggested earlier this month that government plays a bigger… Continue Reading
Market research company TNS recently conducted a survey of business travelers for Marriott’s Fairfield Inn & Suites. “We know very little about the emotional state of frequent business travelers and were surprised how positive travel was for their lives,” said Fairfield Inn & Suites VP Shruti Buckley. According to USA Today, the top findings from… Continue Reading
CEOs across the globe are concerned with Europe’s deteriorating state. Andrew N. Liveris, CEO of Dow Chemical, said: “The new reality is that this world is not in a normal growth mode. And it does now appear that we will see this for at least 12 to 24 months.” Wall Street analysts, investors and other… Continue Reading
USNews.com ranks and reviews business schools across the United States. According to a 2012 poll, the schools with the best Executive M.B.A. programs include: University of Pennsylvania University of Chicago Northwestern University Duke University Columbia University University of California- Los Angeles New York University University of Michigan- Ann Arbor University of California- Berkley University of… Continue Reading
In what was a surprise to economists hoping that at least the housing market was getting out of the doldrums, new housing starts plummeted in June from what was a two-year high the previous month. The market for new homes fell by 8.4 percent to an annual rate of 350,000, the lowest since this past… Continue Reading
The Yucaipa Companies, LLC was founded in 1986 by Ronald Burkle, a self-made billionaire who started his career as a bag boy at a local grocery store. Based in Los Angeles, the holding company focuses primarily on private equity investments. Yucaipa first turned over Jurgensen’s Markets in 1986, and has since established a record of… Continue Reading
The manufacturer of iPhones and Mac computers, Apple Inc dismayed Wall Street investors on Tuesday when shares in the exceedingly stable and world’s leading technology company fell over 5 percent of their value, the second quarterly fall in under one year. The disheartening results show that even the usually rock-solid Apple brand is becoming vulnerable… Continue Reading
Spain’s gaping economic crisis has pushed stock markets down this week triggering a fresh wave of doubt concerning the Eurozone’s progress and recovery. The Washington Post explains that Spain’s unemployment rate, currently higher than that of the U.S. during the Great Depression, has contributed to the economy’s downfall. “Spain announced that its economy shrank by… Continue Reading