Main Street 9

 
The White House said a disorderly bankruptcy in the motor industry would be a huge blow which the US economy could not withstand.
Meanwhile General Motors said it was temporarily stopping some production.
And Honda is also to cut back output in North America.
GM, which has been pleading for an emergency government loan to avert collapse, said [...]

[Read more →]

Investors looking for a silver lining to the weak jobs picture in the United States should consider this: the recent rise in unemployment may move the U.S. further away from the danger of stagflation.
At least that will be the case if the historical relationship between the jobless rate and inflation holds up. It suggests that [...]

[Read more →]

(Fortune Small Business) — With commodity, fuel and insurance costs hitting record highs, small-business owners are anxious about next week’s federal minimum wage hike, which will require employers in 26 states and the District of Columbia to raise their base to at least $6.55.
Next week’s increase of the current $5.85/hour minimum wage is the second [...]

[Read more →]