Feb 19, 2010 Posted by brindils

Man Crashes Plane Into IRS Building

In what authorities describe as an apparent intentional act, a pilot flew a single-engine plane Thursday right into a Northwest Austin office creating that houses Internal Revenue Service offices, igniting a massive explosion, jolting terrified employees towards the floor and triggering a substantial federal investigation.... read more

Feb 17, 2010 Posted by brindils

Credit Card Bills Stabilized

The percentage of Americans falling behind on credit card bills stabilized in January, according to data from the six major lenders, signaling that U.S. consumer credit woes may be leveling off. Shares from the credit card companies all jumped to at least one-week highs, as analysts said the loan delinquency rates were surprisingly benign, suggesting the worst for U.S. consumers may have already passed.... read more

Feb 15, 2010 Posted by brindils

Japan GDP Jumps For Masks Deflation Crisis

Japan’s economy grew quicker than expected in the fourth quarter having a stimulus-fueled rebound in domestic demand plus a corporate investment revival masking rising deflationary pressure and the danger of a slowdown in 2010.... read more

Feb 11, 2010 Posted by brindils

Tax Relief is Expected in The Face of Inflation

There are going to be little tax relief in this year’s budget, Nedbank Group economists said on Wednesday. ”Personal income tax relief will be limited with individuals being at least partially compensated for bracket creep or the outcomes of inflation,” Nedbank stated in a statement.... read more

Feb 9, 2010 Posted by brindils

Snow Storm Inhibit American Economy

If snow keeps 230,000 federal government employees house for the much better part of a week, will anyone notice? With at least another foot of snow headed for Washington, Philadelphia and New York, we’re about to discover out. The federal federal government in the nation’s capital has largely been shut down since Friday afternoon, when a storm began dumping up to 3 feet of snow in some parts... read more