Wall Street Woes Felt In Small N.Y. Town
Nov 17th, 2008 · The loss of tax revenue from Wall Street is triggering a wave of government cuts in New York state. In Malone, N.Y., those government jobs and services fuel the local economy.
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Circuit City's Problems Go Beyond Economy
Nov 11th, 2008 · The "real culprit" behind Circuit City's collapse is bad management, says Time magazine staff writer Anita Hamilton. She says Circuit City's failure to secure better locations for its stores, develop a stronger Web presence and provide good customer service all contributed to lost sales and revenue.
Bloomberg Battles Budget Blues
Nov 6th, 2008 · New York Mayor Michael Bloomberg says because of the economic downturn, he will have to cut $1.5 billion from the city's budget. The city is facing declining tax revenues and a deficit of nearly $4 billion.
TV Stations Losing Revenue in Bad Economy
Nov 4th, 2008 · The end of the election season means the end of election ads on local television stations. And while that may be good news for viewers, it's bad news for TV stations' budgets. Add to that, the economic downturn which is squeezing local stations.
Lower Oil Prices Hurt Venezuela's Budget *
Oct 21st, 2008 · Venezuela's President Hugo Chavez depends on oil for half the government's revenue, and almost all of its export earnings. As oil prices rose to historic highs, Venezuela's spending increased accordingly. A continued drop in oil revenue, could put a major pinch on Chavez' ambitious social programs.
Retired NFL Players, Union Meet In Federal Court *
Oct 20th, 2008 · A dispute between retired NFL players and their union heads to federal court Monday for a trial about money. More than 2,000 former players filed a class-action lawsuit against the NFL Players Association charging the union breached a contract that would've supplied the players with millions of dollars in licensing revenue.
With Revenues Shrinking, Mass. Cuts Services
Oct 17th, 2008 · Massachusetts has watched its tax revenues shrink in response to the slow economy. Now Gov. Deval Patrick has proposed painful cuts to state services.
California's Bond Sale A Success
Oct 17th, 2008 · California sold $5 billion in short-term bonds this week. State officials need the cash to pay the bills until they collect tax revenues in the spring. Standard & Poor's analysts had put the deal on credit watch because of the freeze in credit markets.
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