Economy

Murdoch kills The Daily and prepares to split News Corp

Murdoch kills The Daily and prepares to split News Corp

Serious restructuring within Rupert Murdoch’s media conglomerate News Corp. will occur in the coming days according to a series of revelations made already this week. Not only has Murdoch, the company’s CEO, announced a major split within News Corp., but a top player involved in his media empire will exit from one division while another […]

DHS Economic Investment Tour

DHS Economic Investment Tour

The 2012 Economic Investment Tour and Forum Program in Desert Hot Springs took place on Friday, November 2, 2012. It was hosted by Heather Coladonato, Chief Executive Officer of the Desert Hot Springs Chamber of Commerce and Patrick Evans, KPSP local 2 meteorologist. After opening remarks by mayor Yvonne Parks special guest Timothy “Desert Storm” […]

The real jobs numbers: 41 percent of America unemployed, one-third doesn’t want work at all

The real jobs numbers: 41 percent of America unemployed, one-third doesn’t want work at all

Even if the US Labor Department has determined that the unemployment level has finally plateaued after months of staggering jobs statistics, the truth behind the numbers isn’t all that nice. Only four out of every ten adults in the US is employed. While the percentage of Americans filing jobless benefit claims isn’t what it was […]

Obama and Romney agree to cowardly debates

Obama and Romney agree to cowardly debates

US President Barack Obama and challenger Mitt Romney will face off for the second of three debates on Tuesday, but viewers awaiting the show-down shouldn’t expect anything out of the ordinary: both candidates are contractually obliged to be boring. Tuesday’s debate between the two rivals has been advertised as a town hall meeting with members […]

Worst Congress ever back to Washington to avoid government shutdown

Worst Congress ever back to Washington to avoid government shutdown

As US lawmakers return to work on Monday after a five-week recess, they will push aside big issues to once again try to avert a government shutdown before Sept. 30, thereby holding off on issues that could trigger another recession. This Congress is one of the most unpopular and unproductive in modern history, reaching an […]

Bank loses all of family’s possessions after wrongfully foreclosing on home

Bank loses all of family’s possessions after wrongfully foreclosing on home

Wells Fargo employees wrongfully foreclosed a modest home near a small town in California, removing and destroying nearly all of an old couple’s belongings. Alvin and Pat Tjosaas, who have been married for 56 years, lost three generations worth of their belongings when a contracted foreclosure crew accidentally broke into the wrong house. The Tjosaas […]

US drops yet again on global economic competitive list

US drops yet again on global economic competitive list

Politically-dividing disagreements and record-breaking debt are being blamed for the decline in global competitiveness of the United States after the World Economic Forum declared America the seventh most competitive economy this week. On Wednesday, the WEF released their annual listing of the world’s leading economies arranged in order of most- to least-competitive, and the numbers […]