WSJ: Numbers On Welfare See Sharp Increase



(Source: “Numbers On Welfare See Sharp Increase” (subscription required), The Wall Street Journal, June 22, A1)



(Source: “Numbers On Welfare See Sharp Increase” (subscription required), The Wall Street Journal, June 22, A1)
Heavy machinery maker Caterpillar (CAT) reported earnings this morning before the open. We all know the stuff they make. As such, they are a terrific bellwether for capital spending. They earned 72 cents a share, excluding redundancy costs, on revenue…
There are only two kinds of bull markets on Wall Street. There are the normal ones that last roughly two years before petering out. And there are the far less frequent mega-bulls that keep going and going, year after year…
This morning Darden Restaurants (DRI), owner of The Olive Tree and Red Lobster, lowered their full year forecast (Press Release). They lowered same store sales expectations for fiscal year 2009 from 2% growth to 0%-1% growth, revenue growth from 14%-15%…
After the bell on Wednesday women’s retailer Chico’s FAS (NYSE: CHS) warned that August same store sales are showing a decline of about 3% and that it sees dismal same store sales for its third quarter, according to the Wall…
July’s Employment report is the gift that keeps on giving. Nearly every element of it is positive. – Paul Ashworth, Capital Economics More importantly, with the fall off in the pace of job losses appearing to be gaining some traction…
Spineless adj.: without moral force, resolution or courage Denial n.: a defense mechanism characterized by refusal to acknowledge painful realities, thoughts or feelings It was just brought to my attention that David Lereah, former Chief Economist of the National Association of Realtors,…