Topic: Illinois
WASHINGTON (Reuters) - Tax revenues of U.S. state and local governments rose in the third quarter, the U.S. Census said on Tuesday, marking the eighth straight quarter of growth and heralding the promise of continued economic recovery in areas where revenues collapsed ...
Beginning January 1, 2011 Americans will be having to cough up more of their hard earned money in order to pay higher federal, state and local taxes. One has only to read about the fiscal woes of California, Illinois or New York ...
An economic depression is held by some as meaning a decline in real GDP exceeding 10% or a recession lasting two or more years, usually brought on by a banking or financial crisis. Ever since the banking lobby has succeeded in putting ...
The first real warning that growth in the global economy was set to decline came in April. I believe we may be on the cusp of a second big push and that the Federal Reserve will take the lead. One possibility few ...
Trying to be frugal when traveling this summer? But there are some new twists, and it's getting harder than ever to avoid paying up. Florida's going even further, levying an occupancy tax on timeshares as well as hotel rooms--a move expected to ...
Not just Dad's recession: Congressional report finds single, working moms hard hit by downturnThey've called it the "Mancession" — a recession that's affected men disproportionately, because of its brutal impact on male-dominated sectors like construction and manufacturing.But that term rings hollow to ...
While the U.S. is not quite there (yet), a growing number of countries have reached the point where their ability to pay for the fallout from the financial crisis and past policy mistakes with loans and funny money is a challenge. Strapped ...
The hangover of the December holidays typically lingers a few weeks into the new year and 2010 was no exception. Tight ranges in the S&P gave us very few trading setups early in the month. We spent a protracted amount of time ...
At the end of January and in our year end review, we noted that the macro conditions argued for rising volatility in the major averages with sideways to lower prices throughout February. This was indeed the case in the first week of ...
A recession is parallel to a hurricane; the latter is a violent storm and a recession is a violent economic storm. For example, if you are in the retail industry and the lack of consumer spending means you may be forced to ...