Wednesday, 7 March 2012

Senate budget chairman urges action on deficit

WASHINGTON (AP) — The chairman of the Senate Budget Committee says the nation faces the real possibility of becoming a "second tier economic power" if it fails to address the trillion-dollar-plus deficit. He says changes to Social Security and Medicare are imperative.

Democrat Kent Conrad of North Dakota on Thursday faced questions about the divisive proposals from the chairmen of President Barack Obama's …

Tuesday, 6 March 2012

Bargain bins can be golden

MINING for vinous gold in bargain bins and supermarkets mightseemlike an exercise in futility, but there is a rich lode to exploit ifyou know where to look.

The rampant New Zealand dollar, coupled with a domestic winesurplus, is conspiring to keep prices low -- but what a greatconspiracy this is for the consumer

There is currently a mouth-watering array of eminently drinkablewine from around the world for under $11 a bottle.For a touch of class in a glass, without breaking the bank, thespotlight first falls on Argentina. This is the world'sfifth-largest wine producer, but until recently most slipped downthethroats of thirsty gauchos.However, things …

Bargain bins can be golden

MINING for vinous gold in bargain bins and supermarkets mightseemlike an exercise in futility, but there is a rich lode to exploit ifyou know where to look.

The rampant New Zealand dollar, coupled with a domestic winesurplus, is conspiring to keep prices low -- but what a greatconspiracy this is for the consumer

There is currently a mouth-watering array of eminently drinkablewine from around the world for under $11 a bottle.For a touch of class in a glass, without breaking the bank, thespotlight first falls on Argentina. This is the world'sfifth-largest wine producer, but until recently most slipped downthethroats of thirsty gauchos.However, things …

Monday, 5 March 2012

CTA riders brace for pending route eliminations, fare hike

Next work week, thousands of Chicago Transit Authority riders may have to devise new paths to workplaces, schools, medical facilities and other destinations.,

Sunday, 39 bus routes are schedule to be eliminated, and fares increased. Exactly 18 of the eliminated routes are express, and 13 run into the Loop.

South Side riders will be dealt a blow with the loss of three staples; -X3 King Drive Express, X4 Cottage Grove Express and X28 Stony Island Express.

Josephine Moon, who has depended on X4 Cottage Grove Express for 10 years, is surprised that it was selected. "That's one of the few lines that runs express from the South Side all the way to the Loop. That's all we …

German Fielmann's Q1 2011 net profit rises by 19%.(Financial report)

(ADPnews) - Apr 28, 2011 - German optics company Fielmann AG (ETR:FIE) booked a net profit of EUR 31 million (USD 45.9m) for the first quarter of 2011, up by 19%, year-on-year, boosted by improving consumer morale.

The pre-tax profit reached EUR 44 million, up 18% from the first three months of the previous year, while analysts polled …

Quotable.(Sports)

You know, the booing doesn't help. I think the more the fans embrace …

Chinese makers are looking for bargains.(Management Briefing Seminars)(Brief article)

Byline: Edward Lapham

Unless I've just been taking my restroom breaks at all the wrong times, the topic of China has almost fallen off the map at Traverse City this year.

Sure, there have been a few mentions here and there. And CEO Jack Perkowski of China-based ASIMCO waxed philosophical about the rise of Chinese technology during the World Class Manufacturing session.

But so far there hasn't been the same volume of bluster about China in the big room that we've heard in recent years. This year's thematic undercurrent is more about introspection in North America, which makes sense given what General Motors and Ford are up against.

Maybe - …

Treasury prices rise on concerns over economy

NEW YORK (AP) — Government bond prices rose Tuesday after a surprise drop in consumer confidence added to a growing pile of evidence that the U.S. economic recovery may be losing steam.

The price of the 10-year Treasury note rose 9.4 cents per $100 invested Tuesday. Its yield fell to 3.06 percent from 3.08 percent late Friday. Earlier the yield fell to 3.05 percent, the lowest level for the benchmark interest rate this year.

Earlier in the day, the Conference Board released results of its monthly survey which found that Americans are losing faith that the economy is improving. That added to …