he current economy is taking a heavy toll on those who are nearing retirement age.
This week, MSNBC.com spoke with several Americans who are in their early sixties who have had to cut back on living expenses and put off their retirement plans. The report cites a recent AARP survey that found nearly 60 percent of workers over age 45 were expecting to work longer, with nearly 70 percent saying they plan to spend less once they do retire.
Saturday, November 22, 2008
States lead the way in new economy
A new report finds that five states are leading the nation in advancing towards a knowledge and information-based economy.
In the newly-released 2008 State New Economy Index, the Kauffman Foundation and the Information Technology and Innovation Foundation (ITIF) report that Massachusetts, Washington, Maryland, Delaware and New Jersey are leading the nation in factors like technological innovation, knowledge-based jobs, and economic dynamism.
In the newly-released 2008 State New Economy Index, the Kauffman Foundation and the Information Technology and Innovation Foundation (ITIF) report that Massachusetts, Washington, Maryland, Delaware and New Jersey are leading the nation in factors like technological innovation, knowledge-based jobs, and economic dynamism.
Online ad revenues grow despite economy
The internet advertising industry has managed to buck the slumping economy with this week's announcement that revenues climbed to $6 billion in the third quarter of 2008.
The $5.9 billion in revenues represent an 11 percent gain over the third quarter of 2007, although the current figures are only two percent higher than they were in the second quarter of this year.
The $5.9 billion in revenues represent an 11 percent gain over the third quarter of 2007, although the current figures are only two percent higher than they were in the second quarter of this year.
MARKET SNAPSHOT: Stocks Surge Higher On Word Geithner Will Head Treasury
U.S. stocks on Friday rallied on a report President-elect Barack Obama would nominate Timothy Geithner to be the nation's Treasury secretary.
"The market's message is Geithner is a good choice. He's young, he's intelligent and he's experienced. What this country needs are people who are young, full of energy, and can put in 26-hour days. There's nothing like leverage," said Hugh Johnson, chairman of Johnson Illington Advisors.
After a volatile afternoon of indecisive trade, the Dow Jones Industrial Average (DJI) surged 508.63 points to 8,060.92.
Of the Dow's 30 components, all but three posted gains.
Aluminum producer Alcoa Inc. (AA) fronted the Dow's gains, climbing 22.6%
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