We believe the 2008 holiday season is shaping up to be weaker than 2002, which was the lowest holiday sales increase in the past decade, when sales grew just 1.4%. Let alone the barrage of negative macroeconomic news, the 2008 retail calendar shift results in five fewer selling days this year, 27, compared to 32 last year. Read More
Recently in Finances Category
National
Right now, the US Treasury and the Federal Reserve are like plumbers determined to get water flowing again through a system of clogged pipes. Each time they think they've got things working, another faucet stops up, and they have to drag out new and bigger tools to address the latest aspect of the ongoing US financial crisis.
Read More
Right now, the US Treasury and the Federal Reserve are like plumbers determined to get water flowing again through a system of clogged pipes. Each time they think they've got things working, another faucet stops up, and they have to drag out new and bigger tools to address the latest aspect of the ongoing US financial crisis.
Christian
Last winter, Mary Evans was drowning in debt and despair. The 27-year-old Palatine native was emerging from a divorce. The mother of a 2-year-old child, Evans was $80,000 in student loan and credit card debt. Read More
Christian
Washington National Cathedral plans to slash its budget dramatically and lay off 30 percent of its staff to close a widening budget gap, leaders said yesterday.
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Washington National Cathedral plans to slash its budget dramatically and lay off 30 percent of its staff to close a widening budget gap, leaders said yesterday.
Christian
Because of a weak economy and cash-strapped donors, Focus on the Family
said it is eliminating 202 jobs, the deepest cuts in the 32-year
history of the Colorado Springs-based Christian nonprofit. The ministry
laid off 149 workers, and cut another 53 vacant positions.
Read More
Because of a weak economy and cash-strapped donors, Focus on the Family
said it is eliminating 202 jobs, the deepest cuts in the 32-year
history of the Colorado Springs-based Christian nonprofit. The ministry
laid off 149 workers, and cut another 53 vacant positions.
Culture
Bonnie Rabin is fond of saying that divorce lawyers are a bit like liquor stores. They're busiest in the really good times, and the really bad. These, of course, would be the bad times. Read More
Christian
In October, Focus on the Family announced it would lay off or reassign
46 employees next year due to the restructuring of its distribution arm.
Read More
In October, Focus on the Family announced it would lay off or reassign
46 employees next year due to the restructuring of its distribution arm.
Finances
Spendthrift (spend' thrift') n. a person who spends money carelessly; squanderer. Frugal (froo' gel) adj. not wasteful; not spending freely; thrifty.As economic news has worsened and recession
appears inevitable, Americans' spending habits have swung from one
definition to another.
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Spendthrift (spend' thrift') n. a person who spends money carelessly; squanderer. Frugal (froo' gel) adj. not wasteful; not spending freely; thrifty.As economic news has worsened and recession
appears inevitable, Americans' spending habits have swung from one
definition to another.
Christian
Purpose Driven Life Pastor Rick Warren weighed in on the economic downturn and President-elect Barack Obama's proposed plan to redistribute wealth during an interview this week.
Read More
Purpose Driven Life Pastor Rick Warren weighed in on the economic downturn and President-elect Barack Obama's proposed plan to redistribute wealth during an interview this week.
Finances
On the day after Thanksgiving, customers en route to Macy's Herald
Square in New York will be greeted by the oft-frenetic Richard Simmons,
handing out samples of Ocean Spray's energy juice drink. Read More
Finances
So what next? In rapid succession and over what seems like an
impossibly short period of time, our nation's economy has absorbed a
series of staggering body blows. In ordinary times, any one of them
would have been the biggest business story of the year. Read More
Finances
The Treasury Department on Wednesday officially abandoned the original
strategy behind its $700 billion effort to rescue the financial system,
as administration officials acknowledged that banks and financial
institutions were as unwilling as ever to lend to consumers.
Read More
The Treasury Department on Wednesday officially abandoned the original
strategy behind its $700 billion effort to rescue the financial system,
as administration officials acknowledged that banks and financial
institutions were as unwilling as ever to lend to consumers.
Finances
The government has abandoned the original centerpiece of its $700 billion rescue effort for the financial system and will not use the money to purchase troubled bank assets.
Read More
The government has abandoned the original centerpiece of its $700 billion rescue effort for the financial system and will not use the money to purchase troubled bank assets.
Education
Despite amassing an almost $37 billion endowment, Harvard University is warning that the economic slowdown has reached America's richest university.
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Business
Circuit City Stores Inc, the No. 2 U.S. consumer electronics retailer,
filed for bankruptcy on Monday just weeks before the start of the
holiday shopping season, becoming the largest retailer to file for
Chapter 11 since Kmart in 2002.
Read More
Circuit City Stores Inc, the No. 2 U.S. consumer electronics retailer,
filed for bankruptcy on Monday just weeks before the start of the
holiday shopping season, becoming the largest retailer to file for
Chapter 11 since Kmart in 2002.
Finances
Walter Buczynski was a top executive at a Maryland mortgage lender before he killed his wife and jumped off a bridge last January. Read More
National
President-elect Barack Obama
yesterday urged swift passage of an economic-stimulus package to
address what he called the "greatest economic challenge in our
lifetime." Read More
President-elect Barack Obama
yesterday urged swift passage of an economic-stimulus package to
address what he called the "greatest economic challenge in our
lifetime." Read More
Finances
The nation's economic troubles play out one family at a time at the New Horizons Learning Center in this struggling city two hours northwest of Chicago. Read More
Finances
The Dallas Morning News and the Fort Worth Star-Telegram are exploring ways to work together to save money as both face financial challenges, according to a memo from News editor Bob Mong. Read More
Finances
Shoppers are scrimping on holiday gifts, but not when it comes to their pets. Among those who plan to spend less on gifts this year, only 23 percent are doing so on their pets, according to a survey released Thursday by Consumer Reports. Read More
Finances
The nation's unemployment rate
bolted to a 14-year high of 6.5 percent in October as another 240,000
jobs were cut, stark proof the economy is almost certainly in a
recession. Read More
The nation's unemployment rate
bolted to a 14-year high of 6.5 percent in October as another 240,000
jobs were cut, stark proof the economy is almost certainly in a
recession. Read More
Christian
The future of Without Walls International Church, once one of the
fastest-growing congregations in the country, is in jeopardy as the
church faces foreclosure of its Tampa property.
Read More
The future of Without Walls International Church, once one of the
fastest-growing congregations in the country, is in jeopardy as the
church faces foreclosure of its Tampa property.
Finances
The "Obama effect" failed to lift US stock markets for a second day
on Wednesday as underlying concerns about the strength of the US economy
resurfaced and sent shares falling. Read More
Christian
U.S. Christians have a reputation for generosity -- but when it comes
to supporting their own churches, it turns out most are stingy. The extent of their penury is outlined in a new book, "Passing the
Plate: Why American Christians Don't Give Away More Money" by Christian
Smith and Michael Emerson.
Read More
U.S. Christians have a reputation for generosity -- but when it comes
to supporting their own churches, it turns out most are stingy. The extent of their penury is outlined in a new book, "Passing the
Plate: Why American Christians Don't Give Away More Money" by Christian
Smith and Michael Emerson.
Christian
During what some call the start of a recession, mainline church officials are assuring pastors and retirees that their pension funds are secure. But the officials are concerned about how the economic woes will affect their operating budgets and ministries. Read More
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