Economy

News Corporation loses $1,6bln in second quarter

News Corporation loses $1,6bln in second quarter

News Corporation, owned by Rupert Murdoch, reported a net loss of $1.6 billion as the company faces ongoing legal charges over the phone-hacking scandal. Publishing profits of the media giant fell to $139 million dollars from $270 million dollars.Last year the company earned a net income of $683 million in the same period. News Corporation […]

Spanish rallies turn violent as million people protest in 80 cities (VIDEO, PHOTOS)

Spanish rallies turn violent as million people protest in 80 cities (VIDEO, PHOTOS)

Spanish police have clashed with protesters marching against the latest batch of austerity measures. Over a million public employees, trade union members and fed-up citizens have taken to the streets in over 80 Spanish cities. Violence erupted in Madrid around midnight after dozens of protesters reached the city’s Puerta del Sol square and clashed with […]

Anticipating the Mother’s Day Aftermath

Anticipating the Mother’s Day Aftermath

Chances are you may not read this newsletter until Monday—and probably late Monday as you work to tie up loose ends that may have come undone as you juggled your many Mother’s Day responsibilities. By that time, we should have a pretty good idea of how consumers feel about their Mother’s Day deliveries—or lack thereof. […]

Fear of war drives gas prices up

Fear of war drives gas prices up

Tensions between America and Iran have yielded global concern, the deployment of thousands of US troops and bickering from foreign policy experts around the world. The latest result of the worsening relationships is something a bit more crude, though. As Iran and America come closer to war, oil prices for US consumers have skyrocketed over […]

Local Renewable Energy Company Joins CVEP as Investor

Local Renewable Energy Company Joins CVEP as Investor

Palm Springs, CA – Hot Purple Energy (HPE), a Palm Springs-based company providing solar and other clean energy solutions, has become a Coachella Valley Economic Partnership (CVEP) stakeholder. In addition to its investment of $5,000, HPE has committed to sponsoring CVEP’s Renewable Energy Roundtable. “It is extremely encouraging when an exciting company like Hot Purple […]

How Payday Lenders Make Billions By Fleecing Americans In Poverty

How Payday Lenders Make Billions By Fleecing Americans In Poverty

By Tanya Somanader~ As a growing number of Americans slip out of the middle-class into economic insecurity, they are increasingly vulnerable to predatory lending schemes like the payday loan. Each year, about 12 million Americans incur long-term debt by taking out a short-term loan that’s intended to cover a borrowers’ expenses until they receive their next paycheck. Payday lending takes “unfair […]

“Bain Capitalism”: Mitt’s Frankenstein Is a Politically-Created Monster

“Bain Capitalism”: Mitt’s Frankenstein Is a Politically-Created Monster

Richard (RJ) Eskow~ Bain Capital must seem like a Frankenstein’s monster to Mitt Romney’s campaign Like Mary Shelley’s creature, it’s stalking its creator just as he’s about to claim the thing he loves most. But Bain Capital — and Bain Capitalism — isn’t Mitt’s creation. It was sewed together from the corpses of dead ideals […]