Tag recession

Income tax revenue for states drops off cliff

From the Rockefeller Institute comes news of devastating shortfalls in state income tax revenue. In FY 2008, personal income tax revenue made up over 50 percent of total tax collections in six states — Colorado, Connecticut, Massachusetts, New York, Oregon,…

Tattoo removal. New growth industry

Seeing how difficult it is to find a job right now, the last thing you need is some ridiculous bird or skull tattoo on your neck or forearms or anywhere visible, wrecking your job interview. Thus, the tattoo removal business…

The economic news is dreadful

No, I mean really dreadful. Bad news for housing, autos, eBay, chipmakers, and more Banks too. Even Google and Microsoft are laying off workers, as the unemployment rate keeps rising. China is in recession now too. Rising unemployment usually translates…

Bad omen: Cisco sales drop off cliff

Cisco’s new outlook calls for a revenue decline of 5%-10% next quarter. The Street was looking for +6%. October was apparently awful. Worldwide. It is increasingly clear that the global economy fell off a cliff at the end of September,…