Category Archives: Limits

Top Democrat backs 1099 requirement repeal

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — Top Democrats are uniting with Republicans in a show of support for small business owners: Senate Finance Committee Chairman Max Baucus, D-Mont., said Friday that he will introduce legislation to repeal the expanded 1099 reporting requirements set to take effect in 2012.

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Voters to states: No new taxes

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — Thanks to voters, alcohol will no longer be taxed in Massachusetts. Candy won’t be subject to a levy in Washington anymore. And California drivers won’t have to pay a proposed $18 fee to fund state parks. State residents aren’t feeling very generous these days, even though now [...]

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Fox-Cablevision feud makes NYC area miss baseball playoff

Full Story at msnbc.msn.com Cablevision and Fox parent News Corp. have walked away from the negotiating table for the evening, leaving 3 million customers in the New York metropolitan area with little hope of watching the first game of baseball’s National League Championship Series from their couch. Cablevision spokesman Jim Maiella said both sides met [...]

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Consumer prices rise in Sept. due to energy

Full Story at  msnbc.msn.com WASHINGTON — Consumer prices, excluding energy, were flat in September for the second straight month, a sign that cost-conscious consumers are making it difficult for businesses to charge more. The Labor Department said Friday that the Consumer Price Index edged up 0.1 percent in September, after a 0.3 percent rise in [...]

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Boomerang kids: 85% of college grads move homeollege grads move home

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — Getting a degree used to be a stepping stone to limitless career opportunities. Now it’s more of a hiatus from living under your parents’ roof. Stubbornly high unemployment — nearly 15% for those ages 20-24 — has made finding a job nearly impossible. And without a job, [...]

Also posted in College, Economy, Education, employment, Failing, Home, Jobs, Reccession, School, Unemployment | Leave a comment

Dow holds above 11,000

Full Story at Money.cnn.com NEW YORK (CNNMoney.com) — Stocks ended with slight gains Monday as investors shifted their focus towards corporate financial results. The Dow Jones industrial average (INDU) gained nearly 3 points, or less than 0.1%, to close at 11,010 points. The S&P 500 (SPX) edged up 2 points, while the Nasdaq (COMP) gained [...]

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Jobs crisis extends to unemployed, lawmakers

Full Story at news.Yahoo.com WASHINGTON – There’s no relief from the jobs crisis — for everyday Americans or lawmakers facing the midterm elections. The most rampant layoffs of teachers and other local government workers in nearly three decades more than offset weak hiring in the private sector in September, resulting in a net loss of [...]

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Budget squeeze in states will force more job cuts

Full Story at LifeInc.todayshow.com The private economy was – slowly – creating more jobs last month. But the government was cutting them faster. As a major budget squeeze forces state and local governments to make ends meet, those government job cuts are going to continue. Friday’s monthly jobs report showed again that the U.S. economy [...]

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Government wants up to 62 mpg by 2025

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — The federal government is looking to raise corporate average fuel economy requirements to something between 47 and 62 miles per gallon by 2025, according to documents released today by the National Highway Traffic Safety Administration and the Environmental Protection Agency. Currently these requirements, known as CAFE, call [...]

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Plastic panic: Visa, MasterCard in bargain bin

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — The second most famous quote from the movie “The Graduate” — the top undoubtedly has to be “Mrs. Robinson, you’re trying to seduce me.” — is the one where Mr. McGuire wants to tell Dustin Hoffman’s Benjamin “just one word” about his future. Investors humbly disagree. Before [...]

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Indian officials to meet to decide BlackBerry ban

Full Story at news.Yahoo.com MUMBAI, India – Indian authorities are scheduled to meet Monday evening to decide whether to ban some BlackBerry services in India, one day ahead of a government-imposed deadline for the device’s maker Research In Motion Ltd. to give security agencies access to encrypted data. Home Secretary G.K. Pillai will meet officials [...]

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House approves homebuyer tax credit extension

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — The House of Representatives voted Tuesday to give first-time homebuyers three more months to close on their purchases and land an $8,000 federal income tax credit. But the Senate had better act fast – the deadline is currently Wednesday. The bill doesn’t help anyone currently shopping for [...]

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Looking for work? Unemployed need not apply

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — The last thing someone who is unemployed needs to be told is that they shouldn’t even apply for the limited number of job openings that are available. But some companies and recruiters are doing just that. Employment experts say they believe companies are increasingly interested only in [...]

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Wal-Mart cuts prices to boost sales

Full Story at msnbc.com NEW YORK – Wal-Mart is counting on $1 ketchup bottles and sub-$4 cases of Coke to re-ignite sales in America. The sharp cuts at U.S. stores, which came ahead of the Memorial Day holiday weekend, have already pushed rivals such as Target into price wars. And the markdowns are expected to [...]

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