The sports industry generates 36 billion dollars a year in economic growth and employs more than 400,000 Floridians. Governor Charlie Crist said despite the worsening economy, people need to support their local teams.
As Americans held onto more of their income, consumer spending fell at a 3.5 percent annual pace, accounting for much of a 3.8 percent annualized dive in gross domestic product (GDP).
It turns out that the direction of the dollar has a lot to do with who wins elections, and history proves it. Since 1960, when the dollar has remained strong the incumbent party has fared very well on Election Day.
The cost of insurance premiums and co-pays could double by 2016 according to a report released by the Florida Public Interest Research Group. The Florida PIRG report claims wasteful spending by hospitals and insurance companies will lead to higher cost for patients. The report claims one out of three dollars spent on health care fuels […]
The stimulus plan, formally called the American Recovery and Reinvestment Act, was unveiled Jan. 15 and is being fast-tracked for approval before Congress takes its President’s Day recess. A House vote could come as early as Wednesday; Senate Democrats are working on their own stimulus version.
The 1,120,000 lost US retail jobs in 2008 are a signal that the second stage of the real estate bust is about to hit the economy. This time it will be commercial real estate — shopping malls, strip malls, warehouses, and office buildings. As businesses close and rents decline, the ability to service the mortgages on the over-built commercial real estate disappears
“The signs are that the recession reached a bottom in October 2008, but it is not clear that the recession has reached its absolute bottom,” concludes Shapiro.
U.S. productivity growth is expected to slow to 0.5 percent in 2009, but may improve during the second half of the year. “This will provide an opportunity for improved competitiveness of U.S. firms when the recovery starts
By Roger Caldwell History repeats itself and the credit expansion schemes have created a U.S. financial crisis which can trigger a global financial and economic meltdown. The U.S. has experienced two major deflationary depressions which lasted from 1835 to 1842, and 1929 to 1932. The impending deflationary crash that lies ahead will be […]