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...states need help, and the federal government means to provide it: A sum of $79 billion in state fiscal relief will be provided to prevent cutbacks to key services...
...Barry Ritholtz (11,223 links) has recently moved to http://www.ritholtz.com. Ritholtz is one of the most well-respected market and economic pundits and bloggers who manages money as his day job. Multiple posts a day on subjects as diverse as criticisms of the business press, digital media, and key economic indicators. An excellent job of using relevant and interesting charts, tables, and graphs...
...President will start to make sales calls in Washington as well. After meeting on Thursday with his key economic advisers, Obama is expected to host the Senate and House leadership of both parties on Friday. He has also pledged to, at their request, meet with House Republicans next week, so they can propose their ideas for the package. Despite the growing rumblings of both parties in the Senate, majority leader Harry Reid on Wednesday reiterated his pledge that Obama will have a bill to sign into law by President's Day on Feb. 16. But the question remains: Whose arms...
...pricing of McDonald's, highlighted by dollar-menu items like apple pies, side salads and yogurt, plus cheap combo meals - burger or sandwich, fries and a drink - is a key strength during the recession. In particular, consumers are fleeing casual, family chain restaurants for the convenience and savings of fast food. (Yum! Brands, which owns KFC, Taco Bell and Pizza Hut, and Burger King have also seen sales growth, though at smaller levels than McDonald's.) Casual-dining joints are reeling: P.F. Chang's and the Cheesecake Factory, for example, saw their third-quarter 2008 profits fall...
...holds the definitive key to lasting peace in the Middle East. Let's hope that the new Administration will apply tough love in its relations with Israel. Leonard Amada, WHITING...