Archive for March, 2009
When government calls the shots
Forget about the debate over stimulus “coordination” coming out of the March G-20 meeting, or whether some countries, like France and Germany, should do more. The fact is, between China’s $586 billion stimulus, Japan’s $200 billion, and U.S. government outlays that will soon be the highest share of GDP since World War II, we’re already looking at more than $2 trillion of added government spending worldwide in response to this recession. That’s an unprecedented global wave, and it means that government will soon be exerting more influence over business than it has in decades.
When government calls the shots
Forget about the debate over stimulus “coordination” coming out of the March G-20 meeting, or whether some countries, like France and Germany, should do more. The fact is, between China’s $586 billion stimulus, Japan’s $200 billion, and U.S. government outlays that will soon be the highest share of GDP since World War II, we’re already looking at more than $2 trillion of added government spending worldwide in response to this recession. That’s an unprecedented global wave, and it means that government will soon be exerting more influence over business than it has in decades.
Oil ends just shy of $50
Oil prices ended the session higher on Tuesday, just shy of the $50 a barrel threshold, as a Wall Street rally picked up steam late in the trading day.
Oil ends just shy of $50
Oil prices ended the session higher on Tuesday, just shy of the $50 a barrel threshold, as a Wall Street rally picked up steam late in the trading day.
Car buyer protection: Comparing the plans
Hoping to turn around plummeting sales, even as the economy continues to falter, Ford and General Motors announced new incentive programs Tuesday that look similar to a program introduced by Hyundai early in 2009.
US automakers want you to buy a car
GM and Chrysler are fighting for their lives. And that’s hurting business. Almost 80% of people polled said they weren’t likely to buy a new car from an automaker in bankruptcy according to a survey by Consumer Reports.
US automakers want you to buy a car
GM and Chrysler are fighting for their lives. And that’s hurting business. Almost 80% of people polled said they weren’t likely to buy a new car from an automaker in bankruptcy according to a survey by Consumer Reports.
IBM stands for ‘I’ve Been Moved’
Shifting U.S. jobs overseas is nothing new for technology giant International Business Machines Corp. — or the tech sector in general — but a brave new employee relocation strategy at Big Blue is raising some eyebrows.
IBM stands for ‘I’ve Been Moved’
Shifting U.S. jobs overseas is nothing new for technology giant International Business Machines Corp. — or the tech sector in general — but a brave new employee relocation strategy at Big Blue is raising some eyebrows.
Big Blue: Bargain or backlash?
It’s the last day of a first quarter that most investors would like to forget. Stocks may have bounced back a bit in March, but the Dow and S&P 500 are still down more than 10%.
