Articles About General

The recent death of Jerry Leiber at age 78, the lyricist who, with partner, Mike Stoller, wrote some of the most memorable classics in the history of rock ’n’ roll, including “Hound Dog,” “Yakety Yak,” “Stand By Me” and “On Broadway” marks a time to think about the duo’s enduring impact on American music since […]

Apple’s  iconic co-founder and CEO Steve Jobs, who altered the habits of millions by reinventing computing, music and mobile phones, has died at the age of 56.  With Jobs’ passing, Apple has lost a visionary leader who inspired personal computing and products such as the iPod, iPhone and iPad.  These innovations made Jobs one of his […]

Federal Reserve Chairman Ben Bernanke, in a long-awaited speech in Jackson Hole, WY, announced no new steps the Fed will take to prop up the shaky U.S. economy.  Rather, he expressed optimism that the economy will continue to recover, based on its inherent strength and from assistance provided by the central bank.  Bernanke restated the Fed’s […]

Google’s recently announced $12.5 billion acquisition of Chicago-based mobile phone maker Motorola Mobility could be different if Google CEO Larry Page keeps his promise to run the acquisition as “an independent business.”  “If you believe what they say, they’re going to leave the company alone and let it do what it has been doing,” said […]

ADP, a leading payroll services company, is reporting that private companies added 114,000 jobs in July. Many analysts had projected an increase in hiring from June, but it is not likely that the unemployment rate will decline even if job growth rose sharply.  ADP’s forecasts are frequently used to measure how the labor economy is […]

World Bank President Robert Zoellick believes the world will not slide into a double-dip recession. Zoellick was in Singapore, attending an economic conference amid plummeting world stock prices and worries over a slowdown in U.S. economic growth.  Zoellick believes the United States and the world will avoid a “double-dip” recession, but admitted that growth is […]

A new study  has found that many baby boomers plan to spend their money on themselves and forego giving their offspring any inheritance.  “My goal is when they carry me away in that box that my bank account is going to say zero,” said Carol Willison, a 60-year-old Seattle woman.  “I’m going to spoil myself […]

Mark Zandi of Moody’s Analytics, who often discusses the economy, recently said something disturbing and fascinating about the possibility of a double-dip recession.  According to Zandi, it could be the only recession that we will ourselves into.   Zandi was talking about gloomy expectations that make people so nervous that in terms of economics, they freeze.  His […]

The Consumer Price Index (CPI) climbed by 0.5 percent in July, according to a Labor Department report.  That came after a decrease of 0.2 percent the previous month.  Rising inflation cuts consumers’ buying power.  Average pay, when adjusted for inflation, fell in July and has declined by 1.3 percent in the last year.  Over the […]

The abrupt departure of Steve Jobs from Apple marks the end of an era, although his leaving is unlikely to have an immediate impact on the company’s product line, according to analysts.  Jobs, 56, submitted his resignation to the Cupertino, CA-based Apple board of directors and asked that they name chief operating officer Tim Cook […]