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S&P negative: One-in-three likelihood U.S. could lose AAA credit rating within two years
April 18, 2011 – 11:22 am | No Comment
S&P negative: One-in-three likelihood U.S. could lose AAA credit rating within two years

An analyst with Standard & Poor’s Ratings Services said on Monday that despite the U.S. dollar’s preeminent place among world currencies, unless policymakers agree on solutions to immediate fiscal challenges, the nation could lose its ‘AAA’ credit rating.

As a result of the U.S.’ mounting debt and deficit problems, S&P revised its outlook on the long-term credit rating from stable to negative…

Wal-mart workers claim retailer’s “unchecked discretion” to store managers for pay and promotion opportunities creates gender bias
March 30, 2011 – 11:22 am | No Comment
Wal-mart workers claim retailer’s “unchecked discretion” to store managers for pay and promotion opportunities creates gender bias

A class action lawsuit filed by six women against retail giant Wal-Mart alleges the company created a culture of gender bias by more than 500 managers in thousands of stores across America.

The United States Supreme Court on Tuesday heard oral arguments from attorneys representing the women and Wal-Mart…

“Thank you for suing us”: Taco Bell turns beef lawsuit into public relations offensive
January 30, 2011 – 4:29 am | 3 Comments
“Thank you for suing us”: Taco Bell turns beef lawsuit into public relations offensive

A class action lawsuit filed on Jan. 19 against the fast-food chain Taco Bell alleges that the company is misleading consumers by advertising its restaurants serve “seasoned ground beef” on its menu selections.

Instead, the lawsuit claims, a substantial amount of filling contains substances other than beef.

The 18-page document was filed in the United States District Court’s Central District of California on behalf of plaintiff Amanda Obney and other consumers…

Chick-Fil-A food service suspended over company’s pro-marriage stance
January 27, 2011 – 8:02 pm | No Comment
Chick-Fil-A food service suspended over company’s pro-marriage stance

Students at Indiana University South Bend will no longer have Chick-Fil-A sandwiches as a menu item until the campus administration can review complaints by a student group and some faculty members about the company’s affiliations.

Chick-fil-A food service is temporarily suspended — although the Christian-principled fast food chain remains an approved Indiana University vendor — and will not be replaced with another vendor.

“Reports that an out-of-state- Chick-Fil-A franchise will be donating food to an event that promotes traditional family and marriage” prompted the suspension…

Consumer alert: Steps you can take to save big money on auto repairs and avoid being ripped off
May 1, 2010 – 1:51 pm | No Comment
Consumer alert: Steps you can take to save big money on auto repairs and avoid being ripped off

For most consumers, the purchase of an automobile is one of the largest budget items, ranking only behind a home mortgage or other real property.

The investment is significant over an extended period of time — monthly principal payments, interest paid to the lending institution, premiums for automobile insurance, and extended warranty coverage.

One aspect of vehicle ownership that many consumers fail to consider is repairs…

MASTER RULES: U.S. Treasury unveils executive salary caps at top bailout companies
October 25, 2009 – 5:44 pm | No Comment
MASTER RULES: U.S. Treasury unveils executive salary caps at top bailout companies

Responding to the most severe financial crisis since the Great Depression, the United States Treasury Department — under the direction of Secretary Timothy Geithner — on October 22 announced comprehensive actions intended to restore trust and confidence in America’s financial system. Geithner applauded the work of Special Master Kenneth R. Feinberg, who developed the reforms for executive compensation…

Dollar despair: U.N. report predicts economic winter 'far from over', urges new world currency
September 21, 2009 – 1:36 am | No Comment
Dollar despair: U.N. report predicts economic winter 'far from over', urges new world currency

Lehman Brothers. Merrill Lynch. AIG. Washington Mutual. Wachovia. Fannie Mae. Freddie Mac. It was one year ago this month that many of the world’s largest and oldest financial institutions crumbled under the weight of poor lending practices and mismanagement. The United States dollar was in free fall as these firms were either bankrupt, bought, or bailed out. A new U.N. report says fundamental problems still…

Federal stimulus, cross-country natural gas pipeline projects bringing jobs to America
August 20, 2009 – 12:55 am | No Comment
Federal stimulus, cross-country natural gas pipeline projects bringing jobs to America

States across the nation are receiving disbursement funds from the American Recovery and Reinvestment Act (AARA) for investments in such areas as crime and public safety, education, energy and environment and infrastructure.The federal stimulus plan approved by Congress and signed by President Barack Obama in February 2009 totaled about $787 billion. In Ohio alone, nearly $774 million has been allocated…