Cautious analysts warned long-suffering shareholders of accident-prone BowLeven not to get too excited after the shares gushed to 123.25p before closing 45.50p or 60 per cent higher at 120.75p on news of a major discovery at Sapele-1 well offshore Cameroon. Even though the company said it has found oil and gas condensate in significant quantities [...]
Assets under management at investment firm Jupiter tumbled 10 per cent to £22.3billion in the past quarter as it fell victim to the stock market carnage over the summer. But Jupiter Fund Management stressed it had shown resilience in the face of declines for the FTSE 100, which fell 14 per cent in the three [...]
EDGEWATER, Colo. — Before the unraveling, Selena Blanco and her family felt secure in their hold on middle class life in this bedroom community just west of Denver. She and her husband both held professional jobs in industries that seemed sheltered from trouble, his in technology, hers in health care. Together they brought home $100,000 [...]
Americans’ ability to access basic life necessities are at recession lows. And the country likely won’t catch up with pre-recession incomes for a long time. Gallup’s Basic Necessities Index fell to a level on bar with lows measured in February and March 2009. At the same time, the U.S. median income declined 7 percent in the [...]
While the wealthiest people in the U.S. continue topull further and further ahead of the rest of society, the Great Recession has left millions out of work and even more living in poverty. Indeed, nearly one in six Americans are struggling to get enough to eat. And that has placed an ever-growing number of people in [...]
Children that grow up in poor neighborhoods have a significantly reduced chance of graduating from high school, according to a study in the October issue of the American Sociological Review Black children who grow up in neighborhoods with high levels of poverty and unemployment have a 76 percent chance of graduating from high school, compared to a [...]
The American economy may be faltering, but corporate executives needn’t worry: Regardless of how well they perform, each one of them stands a good chance of getting paid as much as all the others — if not more. That’s because of a practice known as “peer benchmarking” — a widely used method wherein corporations set [...]
The closer one looks at the Census data on American poverty, the more discouraging it becomes. It was already known that the national poverty rateclimbed to 15.1 percent last year, the greatest percentage since 1993, and that the actual number of Americans living in poverty had hit 46.2 million, the highest number since the Census [...]
Suburbs have long been associated with white picket fences and manicured lawns. But for many living in suburbia today, the reality is much bleaker. This month, it was reported that 15.1 percent of Americans live below the poverty line last year, the high level since 1993. And while the majority of the 46.2 million impoverished Americans [...]
ATLANTIC CITY, N.J. — These are the best of times, and the worst of times, for America’s debt collectors. The prolonged economic turmoil has created more opportunity than ever for the profession, even while making it harder than ever to get folks to pay up. A gathering of debt collectors in Atlantic City this week [...]
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