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Janet Yellen Nominated to Lead Federal Reserve Janet Yellen Nominated to Lead Federal Reserve

As expected, President Obama announced Wednesday that he would be nominating Fed vice chairwoman Janet Yellen to lead the Federal Reserve. She would replace retiring chairman Ben Bernanke. “For nearly 8 years, Ben has led the Fed through some of …

Obama Nominates Yellen To Fed Chief Position Obama Nominates Yellen To Fed Chief Position
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President Obama will nominate the Vice Chair of the Federal Reserve, Janet Yellen, to fill Ben Bernanke’s position as chairman of the nation’s central bank when Bernanke’s term ends on January 31st. The fact that Janet will be the first …

Food Stamps Cut: $4 Billion Cut by House Food Stamps Cut: $4 Billion Cut by House
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Millions of people could see their food stamps benefits decrease or go away after the House voted for $4 billion per year for the next 10 years in food stamp cuts. House Republicans introduced the new legislation earlier this week, …

Unemployment Benefits: What the Newest Numbers Mean Unemployment Benefits: What the Newest Numbers Mean
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According to data released today by the U.S. Department of Labor, the number of Americans applying for unemployment benefits fell 9,000 for the week ending June 22, 2013. The seasonally adjusted initial benefits claims was 346,000. Numbers of initial claims …

U.S. Online Retail Spending Up 15% From Last Year U.S. Online Retail Spending Up 15% From Last Year
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comScore put out some new data on U.S. retail ecommerce spending for the third quarter of 2012. It was up 15% from the same quarter in 2011. Online retail spending reached $41.9 billion for the quarter, and the fourth quarter …

Home Sales Rose in July, But Prices Didn’t Follow Home Sales Rose in July, But Prices Didn’t Follow

The U.S. Department of Commerce announced yesterday that residential home sales throughout the U.S. rose 3.6% in July over home sales in June. The July sales rate matches the rate seen in May, which was the highest rate seen in …

Dr. Doom 2013 Prediction: Global Economic Turmoil Headed Our Way Dr. Doom 2013 Prediction: Global Economic Turmoil Headed Our Way
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Dr. Doom 2013 prediction: Economist Nouriel Roubini recently stated that a “perfect storm” for economic disaster is currently brewing, and he stands behind his beliefs. Considering Roubini is the guy who accurately predicted the country’s previous financial disaster, it’s safe …

Are Data Caps Bad, Or Are They Justifiable? Are Data Caps Bad, Or Are They Justifiable?
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How do you feel about data caps? I think it’s safe to assume that most people aren’t in favor of them, which is why many public interest groups are speaking out against them. Several of these groups have reached out to lawmakers and the FCC asking that they investigate data caps.

What Will the JOBS Act Do for Startups & the Tech Industry? What Will the JOBS Act Do for Startups & the Tech Industry?

Last week, President Obama signed into law the Jumpstart Our Business Startups Act, more commonly known as the JOBS Act. The White House administration is hoping that small businesses and startups will drive recovery and create new jobs.

Hansen Clarke: Congressman Introduces The Student Loan Forgiveness Act of 2012 Hansen Clarke: Congressman Introduces The Student Loan Forgiveness Act of 2012
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Student loan forgiveness is a hot button issue in America right now and there are many voices on each side. One side believes that given the state of the economy and the vanishing of middle class job opportunities, we need …

Is Antitrust Enforcement as Regulation Harming American Companies? Is Antitrust Enforcement as Regulation Harming American Companies?

Antitrust is quickly becoming a buzzword in the technology space as companies such as Google, Apple, and others are being investigated. The Federal Trade Commission is currently looking at Google in regards to claims that it is using its search power to favor its own products in search results.

Apple Antitrust Suit May Predict Coming Market Decline [Study] Apple Antitrust Suit May Predict Coming Market Decline [Study]
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The antitrust suit that the Justice Department threatened Apple with on March 7 may bear a wider significance for overall market trends. According to one recent study, U.S. government attacks on highly successful corporations historically correlate to stock market peaks. …

CIOs Continue Hiring IT Professionals CIOs Continue Hiring IT Professionals
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In another sign of a rebounding economy, technology executives are expected to continue hiring IT personel in the second quarter of 2012, albeit at a slower pace than three months ago, according to the newly released Robert Half Technology IT …

Cloud Computing To Create 14 Million New Jobs By 2015 Cloud Computing To Create 14 Million New Jobs By 2015

According to a new study by IDC, the growth of cloud computing is on track to create nearly 14 million new jobs globally by 2015. IDC’s research, which was commissioned by Microsoft, predicts revenues from cloud innovation could reach $1.1 …

Robotics Industry To Create 1 Million New Jobs Robotics Industry To Create 1 Million New Jobs

According to the International Federation of Robotics, increasing use of robots will create 1 million new jobs in the next 5 years. The announcement is based on a study, “Positive Impact of Industrial Robots on Employment,” conducted by the market …

What Happens to AT&T and T-Mobile Now? Congressman Boucher Weighs In What Happens to AT&T and T-Mobile Now? Congressman Boucher Weighs In
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Last month, AT&T withdrew its bid to purchase T-Mobile USA from Duetsche Telekom after a lot of criticism, especially from the Department of Justice and the FCC. The merger did receive a lot of support, but criticism proved to be louder.

IT Employment Continues to Grow IT Employment Continues to Grow

In December 2011, the IT job market grew by 15,300 jobs, which is part of a general upward trend according to a report by TechServe Alliance. This figure encumpasses IT service firms, suppliers, clients, and consultants. This is almost a …

Apple Shares Reached All-Time High Today (Twice) Apple Shares Reached All-Time High Today (Twice)

On the heels of news that Apple’s iPhone interest among consumers is sustaining unprecedentedly high levels, Apple can enjoy one more round on the house of good news today: shares of the company briefly surpassed the $427 mark twice today, …

Sprint Spreading Christmas Cheer with Assurance Wireless Program Sprint Spreading Christmas Cheer with Assurance Wireless Program
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According to the Employment Situation Summary released earlier this month from the Bureau of Labor Statistics, the unemployment rate is 8.6 percent, which means 13.3 million people are unemployed. In other words, a lot of people are clearly struggling.

Facebook Hogging The Internet

Facebook has a lot going for it lately.

Economy is a Bright Spot For Facebook
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Facebook is reportedly planning on expanding its staff by up to 50% this year. CEO Mark Zuckerberg delivered this news to Bloomberg, saying the economy has provided a "great environment" for them, because nobody else has been hiring.