News

On February 22, 2011, InvestmentNews reported that about 52% of ultrahigh-net-worth households said they are likely to buy stocks or stock mutual funds this year according to a survey by Spectrem Group.  Click the photo to the right to view the entire article.

A rebounding advertising market and politicians throwing money around in advance of the Novemeber elections helped CBS Corp. post fourth quarter earnings that were more than quadruple its profit from the year-earlier period.  Click the logo to the right to view the entire article from the Thursday, February 17th, 2011 Los Angeles Times.

On February 17th, 2011 the Los Angeles Times reported significant gains in cargo traffic at the Los Angeles and Long Beach ports in the month of January.  “…companies are placing their bets now on whether consumers are going to be buying this spring and throughout the rest of the year”, said Art Won, a spokesman for  Read more ➝

Major chain stores posted an impressive 4.2% sales increase in January compared with the same month a year earlier,handily exceeding analyst’ expectations.  Click on the photo to the right to view the entire Los Angels Times Aricle.

The August 9 – August 15, 2010 issue of Bloomberg Businessweek contains an article on the tax cuts implemented in 2001 and 2003 during President George W. Bush’s term of office.  The article argues that the cuts, promoted by Glenn Hubbard, President Bush’s first chief economic adviser did little to stimulate the economy but did contribute  Read more ➝

The Los Angeles Times reported today that Federal Reserve Chairman Ben S. Bernanke predicted that unemployment was likely to remain stubbornly high for several years, straining families and endangering the nation’s economic stablitiy and competitiveness. Though Bernanke painted a bleak picture for the millions of jobless workers, he said the U. S. economy was continuing  Read more ➝

The Los Angeles Times reported today that the number of Californias entering foreclosure slid dramatically in the second quarter to a three-year low as the fallout from the worst of the housing crisis continued to abate.  Click the photo to the right to read the entire article.

                  The July 5 – July 11, 2010 issue of Bloomberg Businessweek featured an article that contrasted the views of John Paulson, the hedge fund manager who correctly predicted the collapse of mortgage backed securities (and profited handsomely from it) and Paul Krugman the Nobel Laureate and  Read more ➝

On Wednesday, June 30th, 2010 the Wall Street Journal reported that American stocks and bond yields fell sharply as concerns mounted that the economy might be in for a slowdown.  For a link to view the entire article, click the photo at left.