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Greece is going back to its roots, but some people see that as a step backwards. Cultivating the land has always been a tradition for developing countries, but those nations that see themselves as “developed” or “industrial” may find a slight bias against changing careers from engineering to farm work. Read the rest of this entry »

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The rough economic landscape has caused many companies to go bankrupt, but some only emerge from bankruptcy just in time to file again. A predecessor company of Hostess called Interstate Bakeries had filed for bankruptcy in 2004 and was just getting out of it in February, 2009, and now Hostess is seeking bankruptcy protection. Read the rest of this entry »

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Businesses partnerships and alliances have long been a great way to expand services, and airlines offer the prime example of alliance building. In the last few years, three major alliances have formed to dominate the airways: Oneworld, Star, and Skyteam. The alliances have managed to provide some benefits to their customers while making it easier for airlines to operate in areas restricted by governmental regulations. If you are a person that likes to accumulate sky miles, it also helps to find carriers who will honor that arrangement in a wider network. Read the rest of this entry »

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The rest of the world may be looking forward to a great new year unfolding, but the Eurozone may be dreading the coming of 2012 in which it will face some of its toughest challenges. At the height of its economic struggles, the specter of a new recession is also top of their list of worries. The past may have seen record bailouts for some members of the European Union, specifically Greece, Ireland, and Portugal, but these economies are tiny in comparison to Italy and Spain. The events of 2012 will no doubt be historic, with some being key to the final resolution of the European Union debt crisis. Read the rest of this entry »

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Snow storms near Christmas have always been blamed for delayed arrivals during the holidays, but now droughts can also affect your holiday season. Read the rest of this entry »

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Investors may not believe in fortune-telling when it comes to picking good stocks, but they are sitting up to listen to an oracle, Oracle Corp, that is. Tech stocks have had their share of ups and downs as the economy has seesawed, but some investors have been able to rely on some giant heavyweights to prosper despite it all. That may not hold true next year, as Oracle Corp.‘s earnings dropped for the first time in 10 years, causing a shock and awe fallout amongst investors. Not soon after the news, Oracle’s stock dropped more than 10 percent, while investors began wondering if this was a hint of future things to come for all technology stocks. Read the rest of this entry »

As energy businesses look to new methods to harvest oil and gas resources, they are coming across fierce opposition from environmentalists, and at times, the government. It may take several years, as in the case of fracking, for the Environmental Protection Agency (EPA) to begin to regulate a new technique, but once it does it can mean heavy regulation and even penalties. Fracking has long been suspected of causing groundwater contamination by environmental groups, but it took three years before the EPA now states that fracking was the probable cause of local water supply contamination in central Wyoming. Read the rest of this entry »

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Price has been an important factor in buying decisions ever since the recession in 2008. However, selling solely on price has large disadvantages for merchants, not the least of which is reduced profits. This year, merchants have taken to offering huge deals early and often in a bid to get shoppers into their stores. That strategy has paid off in more sales, but now consumers are starting to expect these deals and are becoming resistant to paying full price. Read the rest of this entry »

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A large storm in Alaska has caused more than just inconvenience, it’s also causing high gas prices. Prices for a gallon of gas have reached $5.98 per gallon and jet fuel is at $6.77 a gallon. Read the rest of this entry »

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Rain or snow won’t keep the postman from arriving, but debt might. The U.S. Postal Service is having trouble keeping its doors open as it struggles with ballooning pension payments. This year, the post office only lost $5.1 billion, but that was because some pension payments to a retirement plan scheduled for this year were allowed to be delayed. Otherwise, they might have lost $10 billion. With these numbers, it’s not a surprise that the U.S. Post Office must find ways to generate revenue, meaning a hike in their prices.

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