About immigrants. As they say to provide tonally sensitive messaging points to those members of the grand old party who just havent evolved disgurively on immigration. Some of the dos and donts are dont use phrases like illegals or aliens and never say anchorbaby. Instead, why not use undocumented immigrant when referring to those who are here without, well, documentation. And when addressing border security, dont ever say send them all back or electric fence. How about the enforcement of our borders. The hln is a group devoted the bringing more voters into the gop, is highlighting that the president broke his promise on the Immigration Reform in the first term, but they caution not to focus on amnesty, and to avoid at all costs president reagans Immigration Reform as an example that applies today, so it got me wondering when i heard senator john mccain getting straight to the point this week. How do you convince the republicans about the path to citizenship . Well, look, i will give y
Points, sending markets to levels not seen since early september. The heavy selling came after several household names reported weak Quarterly Financial reports and lowered their expectations for the rest of the year. 3m, dupont, and xerox were among those releasing disappointing results. Erika miller reports worries about revenues have cast a shadow over the profit picture. Reporter yes, its earnings season. But earnings are not the most important indicator this quarter. Its revenues how much money a Company Makes before expenses. Profits can go down, profits can go up. Sales, you want to see nice steady growth. And when you are seeing big drops in revenues and revenue misses, thats definitely a red flag. Reporter in the latest quarter, a slew of big name firms have reported higher earnings but lower revenues, including bank of america, ibm, 3m, morgan stanley, oracle, and walgreens. For most, the biggest problem is europe, where many countries are in recession. It doesnt help that th
It. Will he strike a hopeful or optimistic tone, and will he offer a concrete plan to create jobs and grow the economy . Washington bureau chief darren gersh reports. Reporter with more than half of americans thinking the economy is still in recession, it makes sense that the president is focused on a jobs agenda in his speech tonight. But while his plan may be new, the challenge is not. The economy is not growing fast because the demand for the goods and services that we can produce in this country has not increased very much. And unfortunately, the Public Sector purchases of consumption items and investment items has been incredibly weak compared with earlier recessions. Reporter state and local spending on roads, buildings and bridges has hit a sevenyear low. Its fallen so far that even the massive stimulus plan was not enough to make up the gap, and thats the challenge for the president. Hes expected to propose more spending on infrastructure tonight, but to make a big difference,
So much so that home prices across the nation are rising at their fastest pace in more than six years. The latest data from s pcase schiller shows prices in 20 u. S. Cities in November Rose 5. 5 from a year ago. It was also the tenth month in a row that prices have increased, the longest stretch of gains since before the Financial Market started to crumble. Suzanne pratt takes a look at whether the housing recovery will continue. Reporter Mortgage Broker gary leib is taking a lot of calls these days even though the spring selling season is still a few months away. We are busy. Im busy with both refinances and purchases, always helping people to save money or get into a home with a really good Interest Rate. Reporter the activity in liebs office is a direct result of whats happening in the Nations Housing market people are buying and selling homes again. As a result, home prices are also moving higher. In 19 of the 20 major markets that s pcase shiller tracks, prices in november were up
Off the yuck stigma and attracting valueconscious customers. And its the popularity of private label food thats behind the tasty conagraralcorp deal. Private label, otherwise known as store brands, is gaining traction with retailers and shoppers. In fact, store brands have been growing faster than branded food for some time, and we expect that to continue. Reporter it might be hard to believe, but store brands now account for about a fifth of all packaged foods sold in the u. S. , and at 70 billion, were talking big business. Conagra is known for name brands like pam, slim jim, and reddi whip, and it also makes some private label goods. Ralcorp is the top manufacturer of growing store brand categories such as cereal and pasta, and it supplies Companies Like walmart and mcdonalds. Together, conagra and ralcorp could become a private label powerhouse. And they might actually make store brand food thats good to eat. With this acquisition, what conagra can do that perhaps ralcorp couldnt i