Archive for March, 2009

The Conference Board Reports Online Job Demand Down 100,000 in March

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!Job demand drops 100,000 in March after dipping only 6,600 in February.
February and March losses slow significantly from the sharp 1 million loss in December and January.
Historical data for May 2005 through July 2007 have been revised.
Outlook: March’s numbers [...]

Despite Bleak Economic News, 2008 Was a Positive Year for Beverage Alcohol Sales and Consumption

Just released: Full report on U.S. sales and consumption of 2008 distilled spirits, wine and beer and 2009 category forecasts.
Overall consumption of distilled spirits, wine and beer rose in 2008, however, the rate of growth in each category was less than recent years, according to data in the Handbook Advance 2009 published by The [...]

2008 Market Volatility Impacts Performance of UK Pension Funds

Bonds buck the trend with returns of 58.1% for Overseas and 12.8% for UK

Shift away from equities continued during 2008 falling below 50% for first time
New research from BNY Mellon Asset Servicing, reveals that the average UK pension fund achieved a weighted average return of -13.6% for the year ending 31 December 2008. [...]

Europe and the Financial Crisis: Pennsylvania High School Students Take on the Euro Challenge

Is the global economy heading from recession to depression? Why did a crisis in US mortgage markets wreak havoc in economies across Europe? Students from North Allegheny High School and Baldwin-Whitehall High School will have to grapple with these issues on April 1 at the University of Pittsburgh when they compete in the Euro Challenge, [...]

AIG Directors Sued to Force Immediate Return of Total Bonuses

Defendants Include Richard Holbrooke and Martin Feldstein of Obama Administration
Class Action Suit Prays for All Damages As Well to Shareholders and Company
Freedom Watch announced the filing of a class action lawsuit by shareholders of AIG to force the directors of the company to themselves pay back the millions in illicit bonuses, dividends and other [...]

Economic Downturn Provides Tax Relief for Many Filers This Year

Texas CPAs Offer Tips for Tax Filers Affected by the Economy
The 2008 tax filing deadline is only three weeks away and the Texas Society of CPAs (TSCPA) wants to remind you of some handy tax tips, especially if you’ve been affected financially by the economy. For those negatively impacted by the economy, the Internal [...]

New Withholding Tables May Produce Questions From Employees

Employees May Need to Revise their W-4s, According to Tax Expert from Thomson Reuters
Employers will soon be (or have already commenced) using the tables in IRS Publication 15-T (New Wage Withholding and Advanced Earned Income Credit Payment Tables for wages paid through December 2009). The new tables reflect the Making Work Pay Credit (MWPC) [...]

Average household council tax rise the lowest ever

The average rise in council tax per household next year will be the lowest ever, Local Government Minister John Healey announced.
Figures published today show that the average Band D council tax increase will be three per cent. The average household council tax bill is almost £240 lower than the average Band D amount, and will [...]

U.S. Postal Service Details Economic Viability Strategy

Postmaster General Testifies on Capitol Hill, Urges Congress to Act
The U.S. Postal Service today presented to Congress a comprehensive strategy for ensuring its long-term viability, despite recent sharp declines in mail volume caused by the current economic environment.
Postmaster General John E. Potter, in testimony before the House Subcommittee on Federal Workforce, Postal Service and [...]

Optimism in High Demand, But Low Supply, Among American Consumers

Americans Support New Administration’s Policy Agenda; Business Leader and Investor Priorities Differ in Economic Crisis
A new study released today by Hill & Knowlton, Inc., shows American consumers are far less optimistic about the future than business leaders or financial analysts, and points to a wide disparity of opinion about the priorities major companies should [...]