BY JASON M. BRESLOW – MEDILL NEWS SERVICE
AirVenture has once again landed in Oshkosh, Wisc. Jason Breslow trekked there from Chicago this week, and filed this report on the sites and sounds of one of the nation’s most popular air shows.
July 2008
Written By: hollyjfox on July 31, 2008
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BY HOLLY FOX, MEDILL NEWS SERVICE
There’s been a lot of talk lately about the heavy hand the government has taken in response to the bursting housing bubble and the credit crunch. Two weeks ago, in an opinion piece about the bailout of U.S. mortgage giants Freddie Mac and [...]
Written By: marjorie on July 31, 2008
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BY MARJORIE KORN, MEDILL NEWS SERVICE
Most consumers are bemoaning high gasoline prices, and those same commuters have an incentive to hit up the oft-underutilized public transportation. And an overwhelmed system has brought its flaws to the surface.
This morning, Medill professor Ceci Rodgers was stuck at the Ravenswood stop on the [...]
Written By: bmiraski on July 31, 2008
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BY BENJAMIN MIRASKI, MEDILL NEWS SERVICE
I owned 20 shares of XM Satellite Radio and let’s just say that 20 shares of XM Satellite Radio did not make me a millionaire.
Instead, I apparently owe trillions of dollars to… someone, enough to cover the debts of XM, its merger with Sirius Satellite Radio, and [...]
Written By: Sara E. Sargent on July 31, 2008
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By SARA SARGENT – MEDILL NEWS SERVICE
So, are we or aren’t we?
With this morning’s release of the Gross Domestic Product (Advance) and the news of its expansion between April and June, we are not, in fact, in a recession or even headed toward one.
Regardless of the data: If it looks like a [...]
Written By: bmiraski on July 31, 2008
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BY BENJAMIN MIRASKI, MEDILL NEWS SERVICE
While the technical definition of a recession is two straight quarters of negative growth, it appears that the economic woes predicted by experts were realized in the fourth quarter of 2007.
The Bureau of Economic Analysis has revised the GDP numbers for the past three years worth of [...]
Written By: bmiraski on July 30, 2008
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BY BENJAMIN MIRASKI, MEDILL NEWS SERVICE
Craving a good steak?
No?
Right, you and apparently everyone else.
Morton’s Restaurant Group, Inc. [[MRT]] reported its second quarter earnings after the market closed Wednesday. While revenues were up in total to $88.7 million, comparable store revenues were down 1.9 percent from [...]
Written By: bmiraski on July 30, 2008
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BY BENJAMIN MIRASKI, MEDILL NEWS SERVICE
The bailout continues on Wall Street with the Federal Reserve’s decision to extend its lending to primary dealers.
According to the release from the Federal Reserve, they seem to think the crisis is far from over, possibly extending as far as the new year.
In light of continued fragile circumstances [...]
Written By: jmbreslow on July 30, 2008
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By JASON M. BRESLOW – MEDILL NEWS SERVICE
Despite its new “Happy Jetting” campaign, there has been little worth celebrating at JetBlue Airways Corp. [[JBLU]] recently.
In the last week alone, JetBlue announced a $7 million loss in the second quarter and saw its debt downgraded by Moody’s Investment Services. Amid such [...]
Written By: Sara E. Sargent on July 26, 2008
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By SARA SARGENT – MEDILL NEWS SERVICE
When St. Louis-based Arch Coal Inc. released its second quarter earnings Friday, reporting that net income had tripled from the year-earlier period, the announcement only reinforced how the skyrocketing price of coal is boosting profits for the nation’s coal producers.
According to the Energy [...]