...job banks, watching TV, playing cards and collecting 90 percent of their pay. Asks University of Maryland business professor Peter Morici, “Why should a waitress in Indiana have her tax money sent to Detroit to subsidize that?” So rather than have Wagoner...
...of "workers" sitting in job banks, watching TV, playing cards and collecting 90 percent of their pay. Asks University of Maryland business professor Peter Morici, "Why should a waitress in Indiana have her tax money sent to Detroit to subsidize that?"...
Things didn't go so well on Nov. 20 when the CEOs of the Big Three automakers came to Congress, tin cups in hand, to make a pitch for another $25 billion.
The first $25 billion loan for the automakers was signed into law last year for retooling. This
...consumers are not spending on gas, they are not taking to the mall," said University of Maryland economist Peter Morici. "They are not spending it on a car or home improvement, but to rebuild their savings." Most of the figures were foreshadowed by data released...
...economist said Thursday. We're in a deep slide. This is what a bad recession looks like, University of Maryland professor Peter Morici, a former International Trade Commission economist, told the Washington Post. Consumer expenditures dropped 1 percent in...
Washington, D.C. (AHN) - The global financial crisis has definitely altered the spending of American consumers. Not only have they reduced their road travel, they are also shunning going to shopping malls.
Despite the deep discounts offered by
...economist said Thursday. "We're in a deep slide. This is what a bad recession looks like," University of Maryland professor Peter Morici, a former International Trade Commission economist, told the Washington Post. (NYSE:WPO) Consumer expenditures dropped...
...Landis interjected: "-or using it to build bridges, highways, schools, things like that." Butler and Landis used economist Peter Morici to further explain: "The construction workers get salaries. The steel workers and concrete makers get salaries. They spend...
...Congress should focus on making the auto industry more competitive with more-fair trade policy and money for R&D. Peter Morici is a professor at the University of Maryland's Robert H. Smith School of Business and former Chief Economist at the U.S. International...
...must still operate at a pay rate of 95 percent of wages for employees not currently working at idle facilities. Peter Morici, a professor at the University of Maryland’s school of business, told CNSNews.com that one of the biggest problems the companies...