economy
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Airlines prepare to raise prices, cut flights
Steep increases in fuel prices are having a ripple effect throughout the economy, and airlines are no exception. James Higgins,…
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Fuel crisis sparks global protests
Hundreds of farmers, truckers and taxi drivers blocked roads in and around Brussels, Belgium, on the eve of a European…
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Verizon-Alltel merger signals further capital consolidation
Verizon Wireless recently announced it would buy Alltel Corp. for $5.9 billion, making it the largest cell-phone operator in the…
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Unemployment spike in May highest in 22 years
Official unemployment rose from 5 to 5.5 percent in May. This was the largest monthly increase since February 1986 and…
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Government doctors inflation report
"Figures lie and liars figure" describes well the U.S. Department of Labor report on the April inflation rate. According to…
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U.S. home prices experience record decline
According to the Office of Federal Housing Enterprise Oversight, U.S. home prices fell at an annualized rate of 6.92 percent…
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Ford announces new workforce cuts
Ford Motor Company recently announced its plans to reduce production in the North American region, resulting in new rounds of…
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American Airlines’ bag fee transfers costs onto workers
American Airlines recently announced it will add a surcharge of $15 one-way and $30 round-trip to check a first bag…
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Farm bill grants huge subsidies on top of record profits
Legislation providing $290 billion in federal subsidies for farmers over the next five years has cleared both the Senate and…
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D.C.-area office leasing hits 13-year low
Office leasing in the Washington, D.C., area is at its lowest levels in 13 years—yet another symptom of the economic…
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