economy

VIDEO: Retailers Going for Broke


NBC: As retailers lick their wounds from this holiday season, some 165,000 retail stores are expected to shutter their doors by New Year's Day.

VIDEO: Unemployment Rate Soars to 34 Year High


REUTERS: Employers slash the most jobs in November since 1974.

Recession Began Last December, Economists Say

The United States economy officially sank into a recession last December, which means that the downturn is already longer than the average for all recessions since World War II, according to the commi

Should The Government Stop Dumping Money Into The Giant Money Hole?

SATIRE -A panel of experts debate whether the government should stop dumping money into a giant money hole or whether the free market should decide.

Restaurant Performance Index Falls to Record Low

WASHINGTON D.C. (Blue MauMau) - There's still no light in sight for restaurant owners as the industry continues to soften.

Franchisors Need Balanced Approach to Recession

For most of us, the current global economic crisis is like nothing that we have ever seen.

McDonald's Premium Coffee Rollout Running into Tough Challenges

McDonald’s announced plans earlier in the year to sell a premium line of lattes, smoothies, cappuccinos, and ice-blended sweet frappes at all its U.S. locations.

Video: Greenspan Admits He Wrongly Believed that Markets Regulated Themselves


AP: Appearing before Congress, former Federal Reserve Chairman Alan Greenspan admitted the meltdown has revealed a flaw in his belief in deregulation, namely that markets will regulate themselves.

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