Not A Good Time To Be On A Car Account

The Bush administration’s economic stimulus package is far from enough to drive Americans into their local car and truck dealer. June’s sales numbers, compared to June 2007 are horrible and a sign of a seriously weakened economy. According to The Wall Street Journal, American consumers long enamored with trucks and SUVs are now looking for […]

A Purchase Is A Purchase

According to BusinessWeek, the type of purchases one makes with a credit card can determine one’s credit score. The FTC suit against Atlanta-based CompuCredit for allegedly “deceptive” marketing practices offers a rare look inside the opaque business of credit scoring. It reveals a mechanism that consumer advocates and politicians have long suspected exists—one in which […]

No Money? Travel Anyway.

Don’t let the economy quash your vacation plans. That’s the message coming from several destinations, as consumers face inflationary prices at every turn. Stuart Elliott of The New York Times points to Las Vegas, Panama City Beach, Orlando and other cities that are stepping off their brand messaging platforms in favor of price promotions. “ […]

Say, Can I Have Some Purple Berries? Yes, I’ve Been Eating Them For Six Or Seven Weeks Now. Probably Keep Us Both Alive.

Earlier this week Kraft – which makes its namesake cheese singles, Philadelphia cream cheese and Oscar Mayer meats – posted a 13% drop in first- quarter net income amid surging costs for dairy, wheat and other commodities. According to Dow Jones, food manufacturers like Kraft Foods are blaming ethanol producers for cost increases. Kraft’s Chief […]

It’s Hard To Drive Purchase When People Aren’t Driving

When I filled up my Pathfinder yesterday, I realized that $3.54/gallon means a $70 tank–double what it cost me a short time ago. Naturally, this type of inflation has dire consequences for the economy. For the first time since 1980, consumers are driving less. Last year, the amount of miles driven declined 0.4%. The previous […]

Most Profitable Companies In The Fortune 500

Well run oil, financial services, technology, retail, health care, communications and consumer packaged goods companies are making money. Here’s Fortune’s list of most profitable companies: Exxon/Mobil GE Chevron J.P. Morgan Chase Bank of America Microsoft Berkshire Hathaway Wal-Mart AT&T ConocoPhillips Goldman Sachs Johnson & Johnson IBM Procter & Gamble Altria Group Pfizer Wells Fargo Cisco […]

There’s One For You, Nineteen For Me

It’s taxes due day in America and the perfect time to look at consumer spending and the retail segment of our economy. From today’s New York Times: The consumer spending slump and tightening credit markets are unleashing a widening wave of bankruptcies in American retailing, prompting thousands of store closings that are expected to remake […]

Let’s Run This Place on Fry Grease

Gas prices are out of hand and there’s no ceiling in sight. We’ll be looking at $4.00/gallon and up before GWB and his oil men buddies depart Washington next January. The Washington Post has more… “On April Fool’s Day, the biggest joke of all is being played on American families by Big Oil,” said Rep. […]

21/7

Today’s New York Times looks at what the MicroHoo! deal could mean for “the minnows,” a.k.a. valley startups hoping to be acquired. No one (named in the article) really knows what it means, and people seem to be more concerned about the looming recession. However, the optimists have reason to believe “the recession” won’t hurt […]

Microsoft to Buy Yahoo. Google to Scratch Chin.

Microhoo! According to Market Watch, Microsoft Corp. offered to buy search-engine operator Yahoo Inc. for $31 a share, or $44.6 billion, in an effort to better compete with online-advertising juggernaut Google Inc. Microsoft executives acknowledged that Google is the 800-pound gorilla of the search market and said a partnership with Yahoo would create a stronger […]