After meeting with Texas lawmakers regarding the national debt and spending, President Obama was criticized for not allocating enough of the $825 billion economic stimulus package for Texas, according to an article in the Dallas Morning News. Texas, which represents 8 percent of the nation's population according to the latest census bureau figures, will only [...]
According to an article in the Star-Telegram, Google Inc . announced that it is closing three engineering offices and cutting 100 recruiters and 700 engineers from its payroll. The job losses comes as a surprise from a company known for its loyalty to employees and generous employee perks. This is what Google had to say: [...]
According to an article in the Star-Telegram, the construction of the upscale WestBend shopping center is on hold until the "economy recovers." That's right, this shopping center which once promised to vitalize the area will simply become a huge source of blight in Dallas-Fort Worth. This is once again a casualty of the foreclosure and [...]
According to an article in the Dallas Morning News, House Democrats unveiled an $825 billion stimulus package Thursday that would be used for transportation and infrastructure projects, energy-grid upgrades and Medicaid payments. The plan also includes tax breaks for individuals and businesses. Texas is poised to receive around $3.6 billion, including $2.4 billion for highway [...]
Obama's proposed economic stimulus recovery plan includes a $500 a year tax cut for most single workers and a $1000 tax break for married couples. But this particular provision is coming under heavy fire from both sides of the Congressional aisle. According to an article in CNN, Congressman Kent Conrad complained that the tax cut [...]
Sales of pre-owned homes in North Texas plunged 18 percent in December as job losses , the credit crisis and foreclosures leave the economy with less buyers and a glut of houses sitting empty. The 18 percent dip is in addition to the 8 percent decline in pre-owned home sales in 2007, causing sales totals [...]
According to an article in the Dallas Morning News, many small banking institutions are unable to access the government's $700 billion bailout fund. When the bailout fund was initially opened, it was publicly traded banks that had access to it. But now, nearly two months later, smaller banks are suppose to have access to the [...]
The Senate did not pass a $15 billion rescue plan for Automakers this past week and the White House is now considering allocating some the Wall Street bailout funds to shore up the U.S. auto industry, which according to many analysts is on the verge of bankruptcy. Currently approximately $15 billion of the Wall Street [...]
According to The Dallas Morning News social security benefits will increase by 5.8% for 50 million Americans in 2009, the largest increase since 1982. What that means is that the average American retiree will receive an additional $63 in their monthly social security check. But many retirees won't feel the benefits of the social security [...]