The Pendleton Panther

There are currently about 6.5 billion $100 bills in circulation in the United States.  Of these 6.5 billion bills, two thirds are in the pockets and wallets of foreigners.  Alien counterfeiters often target the $100 banknote because it yields an impressive profit for just a few successful scams, and it relatively easy to reproduce–that is [...]

  One of the companies that has suffered more from the international financial crisis, American International Group (AIG), seems to be recovering their good status. They were the first to be financially rescued by the US government, and now they just sold all they had in Asia for $35,000 million to the British insurance company [...]

Again this month, unemployment is up and job openings are decreasing immensely.  Businesses are not hiring new employees because of the uncertainty of the economy.  Business owners are expecting their employees to do the extra work rather than hire additional help.  Any job that is available, there is at least six other people hoping for [...]

Rising car sales in the US and throughout the world have forced  the halt of GM’s sale of Opal and Vauxhall to Canadian car parts firm Magna. The giant GM motor company was planning on selling majority shares to the Magna Company. GM added that it had also come to its decision because of the [...]

A global crisis may develop in one of two scenarios, says economic commentator Anatole Kaletskaya The Times. In one case, the power number 1 will remain the United States, in the second – the world will plunge into chaos.  Assuming an optimistic outlook, the measures promoting financial sector and real economy will act as necessary [...]

The number of Job seekers has increased ever since the recession began.  There was a group of economists analyzing the job rates, and expecting a jobless recovery, putting a lot of pressure on our President, Barack Obama.  Plus the Congresssional Democrats to stimulate job creation.  About 6.3 million unemployed workers are competing on an average [...]

Unemployment for young Americans has exploded to 52.2 percent, highest since WWII. Millions of young Americans will have a slow transition to becoming productive members of society. Without the creation of entry-level jobs makes seeking a job and moving out of parents’ houses a long extended process. There does not seem to be any job [...]

Walt Disney Studios Chairman Richard Cook announced Friday he was resigning his post, effective immediately.  W Cook has stepped down from his position after 38 years of being in the company. Regarding his departure, Cook said, “I am stepping down from my role as chairman of The Walt Disney Studios, effective immediately. I have loved [...]

“From a technical perspective, the recession is very likely over at this point,” stated Federal Reserve Chairman Ben Bernanke. But “it’s still going to feel like a very weak economy for some time.” Even though he made this statement, he still said that the labor market will remain weak throughout 2010 and the employment market will increase in [...]

When people go to Wal-Mart, Publix, or any type of grocery store they look for bargains and foods that they can find from their restaurants. When consumerreports.org did a blind taste test nineteen out of twenty nine respondents could not tell the difference. Four times, store brands won and six times the name brand won. [...]

During this economical slow down the boating industry has had its hardest few years in decades. In times like this people are only buying needs and boats and yachts are not one of them. One of the most famous high performance boat builders, Fountain power boats has files for chapter 11 bankruptcy. Fountain powerboats was founded by Reggie [...]

The Cash for Clunkers program officially came to a halt on August 24th, 2009.  President Obama came up with this idea in hopes of getting the less fuel efficient vehicles off of the road.  The customer’s car had to meet several requirements in order to qualify for the program, and if it did then they [...]

President Obama recently proposed a tax plan which would impose greater restrictions on companies operating overseas. Many said that the idea of monitoring the amount of taxes these companies pay is a good idea, however, they also said that the proposal needs to be looked into further. One member was quoted saying, “To the extent [...]

Born in Brooklyn, New York, Timothy Geithner spent most of his childhood outside the flashing lights of New York City. He completed his high schooling in Bangkok, Thailand’s International School. He received his undergraduate degree from Dartmouth College, receiving his Bachelor’s degree in government and Asian Studies. Thus, his interest in government was evident during [...]

The Dow is down once again, what a great shock! Monday, April 20th was not a good day for the market as the week began in the red for the Dow Jones Industrial Average. This was the largest drop in the Dow Jones Industrial Average for seven weeks now. Dropping by almost four percent at [...]

More problems have struck the United States economy in the past couple weeks. As if the economy was not already in the toilet, it is still sinking in deeper and deeper. Some analysts have speculated that both the markets and the national economy have hit rock bottom. This is obviously far from true as can [...]

Have you noticed that when you are having a bad day or for some reason things just aren’t going your way, you find yourself eating candy? Sweets just seem to make life seem better. Recently, in the New York Times, there was an article that stated that the bad economy has caused many people to [...]