Tag Archives: Economy

JPMorgan Chase $2.7 billion profit

JPMorgan Chase Posts $2.7 Billion Profit JPMorgan Chase reported net income of $2.7 billion in the second quarter, a 36 percent rise from a year earlier, as it reported record fees from its investment banking unit. The earnings, which exceeded … Continue reading

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Goldman Sachs reports big profits

Goldman Sachs, reports earning second-quarter net profits of $3.44 billion, or $4.93 a share. The profits come just one month after it paid back its $10 billion in federal aid. [New York Times] Over all, Goldman’s net revenues were $13.76 … Continue reading

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TV ads of companies before the financial crisis

Remember AIG, Countrywide, Royal Bank of Scotland, Bank of America TV ads before the financial crisis and the bailouts? Watch the AIG spot above. Recall that AIG made risky derivatives bets that nearly brought down the world economy. But, rest … Continue reading

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Postage cost increases to 44 cents

On Monday, May 11, new U.S. and international postage prices will go into effect. [Ely Times] The cost to mail a U.S. First Class one-ounce letter will increase two cents, from 42 to 44 cents. The cost to mail a … Continue reading

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Bank of America needs $33.9 billion

According to breaking news of the New York Times. http://nyenevada.blogspot.com/feeds/posts/default?alt=rss

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Sonoma County’s Energy Efficiency Program

Just read a tweet from Paul Reeves which, in turn, provided me a link to the Sonoma Press Democrat in California. Looks like Sonoma is far ahead of Nye County. Property owners in Sonoma County will be able to borrow … Continue reading

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DOW up almost 500 points today

NEW YORK — Wall Street got the news it wanted on the economy’s biggest problems _ banks and housing _ and celebrated by hurtling the Dow Jones industrials up nearly 500 points. Investors added rocket fuel Monday to a two-week-old … Continue reading

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China worries about its investment in United States

China, understandably, is concerned about the safety of its investment in the United States. [Chinese Premier] Wen [Jiabao] earlier said that China, the U.S. government’s largest creditor, is “worried” about its holdings of Treasuries and wants assurances that the investment … Continue reading

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Solar Power coming to Amargosa Valley by 2013

Here is some good news for a change: NV Energy, Las Vegas, has teamed up with two companies, Solar Millennium, LLC, and MAN Ferrostaal Inc., to develop a solar facility in Nye County. [Pahrump Mirror, Thursday, March 5, 2009, page … Continue reading

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651,000 jobs lost in February

The U.S. economy lost 651,000 jobs in February, the fourth month in a row where job losses were near or above 600,000. [MarketWatch] That is an 8.1% rate of employment. The economy has lost 4.4 million jobs since the recession … Continue reading

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