Tough times: Where is struggling U.S. economy headed?
Three top economists and business analysts have little positive to say about the lingering recession. Duke professor warns of a repeat of the 1936 relapse. NCSU economist sees “puny growth.” And ECU researcher worries more about future than a rebound this year.
Will history repeat with recovery withering away as it did in ’36?
Tough times: It's 1936 again in America. By 1937, unemployment was back up to nearly 18%, and economy had collapsed. What will the U.S. economy look like a year from now?
A return to 1936?
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It’s jobs that matter – and job growth is even weaker than rest of economy
Tough times: I am personally more worried about the economy in the long run. We can only hope that our elected officials will make sane and rational decisions that will enable the nation and state grow and prosper, while maintaining a level of services that will be beneficial and accessible to all.
Economy is down-shifting – We’re growing, but at a puny rate
Tough times: Unfortunately, there's no "easy button" to push to magically create jobs and income. The good news is that consumers are doing what they need to do - working off excesses they built up in earlier years. The bad news is, this takes time.
Red Hat hits 52-week high after boost from analyst firm
Research note says more customers are replacing Windows with Red Hat Linux for servers. Red Hat will announce latest quarterly earnings on Sept. 22.
Epic Games’ ‘Citadel’ demo makes YouTube
A video walks viewers through a demonstration of the Cary company’s “app” for video games to be developed for mobile devices.
Sicel is not placed in involuntary bankruptcy, names interim president
The medical device firm’s operations exec Paul McDaniel takes over as president.
Dell concedes defeat in bidding war with HP for 3Par
Dell won't match HP's offer to pay $33 per share for 3Par, or about $2.07 billion. Dell's decision came barely an hour after 3Par announced it had received Dell's revised offer of $32 per share and then the even stronger bid from HP.
Cisco to acquire smart-grid applications developer
On Wednesday, Cisco sealed a partnership for smart grid development with a smart meter manufacturer.
HP makes higher bid for 3Par to above $2B
Dell had increased its latest bid then HP responded quickly. Dell has three days to respond.
Consumers spending more online; 43% say economy is improving
Annual ChannelAdvisor consumer survey reports that 58 percent plan to make holiday buys online this year. But they shop around, and many pay close attention to product reviews.
FCC keeps pushing ahead with ‘network neutrality’ for broadband
Latest step is seeking input about possible rules for wireless Internet, other services. But the FCC faces continuing intense resistance from phone and cable companies.
IBM makes some patches in its X-Force security threat report
Big Blue is new No. 1 for leaving bugs unpatched; NetworkWorld calls changes an “overhaul.”
IBM's revised bug chart
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