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11/26 Dow Continues Up Going into Holiday

The Dow has been up for four straight days, apparently responding to action taken by the Barack Obama transition team as it names its cabinet and bevy of advisors, along with hints that a solution for ailing automakers may be in the works.

Markets Surge for a Second Day

The New York Times is reporting:

U.S. Chamber Applauds Obama's Economic Team

U.S. Chamber of Commerce President and CEO Thomas J. Donohue issued the following statement on the announcement of President-elect Barack Obama's economic team: "President-elect Obama has chosen a strong, experienced economic team. Restoring the nation's economic health must be our top priority and the Chamber stands ready to work with the new administration to spur growth and job creation. This team brings a wealth of knowledge to Washington and an understanding that any sustainable economic recovery will involve the business sector."

Stocks Rally After New Treasury Pick Announced

Good news on Wall Street for a change, per Bloomberg:

Indeck Magnolia BioFuel Center Breaks Ground

Indeck Energy Services, Inc. of Buffalo Grove, Ill., and Homan Industries of Fulton, Miss., ("The Partners"), invite you to attend the ground breaking ceremony for Indeck Magnolia BioFuel Center wood pellet production plant on Thursday, November 20, 2008 at 12:00 p.m., 1610 North Clark Avenue, Magnolia, MS, 39652.

Bloomberg: Bush Backing Down on Spending Rest of Bailout

Boomberg News is reporting that a beleaguered President Bush is backing down on spending the rest of the bailout package. The Bush administration is under fire for spending half of the bailout in ways that were not intended by Congress. Bloomberg:

LoungeList Photos: King Edward and Farish Street Tours

JFP/LoungeList photographer Kip Caven took the Farish Street tour last Friday and filed this album of photos:

12/13 Dow Recovers Nearly Five Percent

Thursday trading saw the Dow careen back up at the close, presumably on bargain hunting and the sense that a Dow of 8,000 (which it reached briefly) is a floor for this bear market. The real story, however, was intraday trading...there were 911 points between the Dow's low and high. It closed up 552 points, it's third greatest point gain in history.

11/12 Markets Down Again on Jobless News

The number of people filing for unemployment benefits hit a staggering number last week -- 516,000, making it the highest week since shortly after the 9/11 terrorist attacks in 2001. The result was another downturn in the market, with the Dow ended Wednesday just under 8,300, with the S&P 500 and NASDAQ both showing 5 percent drops. In morning trading on Thursday, the Dow had gained 100 points.

11/10 Dow Dips Under 8,900

While the dip wasn't as dramatic as in weeks past, the Dow did fall less than a point today lead by U.S. automotive stocks that are taking a hit as they seek a government handout from the government. GM is warning that it's running low on operating capital, while Ford's stock is trading at $1.93, down 4.5 percent.

Money Management Tips for the Newly Unemployed

Jackson, Miss.--- November 7, 2008 — With the nation's unemployment remaining high, Consumer Credit Counseling Service (CCCS) of Jackson today reminds people who have lost their jobs to continue paying their bills on time and managing their credit wisely during this difficult period. Managing your credit during unemployment is critical since having good credit is a requirement for some jobs. "Some people have the professional and education background for a new position, but may have an inability to pay bills on time," says Sherry Rainey, CCCS of Jackson president. "Failing to manage your finances during unemployment could affect your credit report and hurt your chances of landing a new job."

11/6 Markets Down Two Days Running

After losing over 500 points yesterday in the wake of the American presidential election win by Senator Barack Obama, the Dow is down another 440 points in mid-day trading. CNN Money says the sell-off is accelerating on concerns that falling oil prices and problems in the U.S. auto industry will be harbingers for a longer recession.

10/31 Markets End Up for the Week

The Dow ended up again on Friday, the first time it's been up for two days in a row in the month of October. CNNMoney headlined their story Strong End to a Brutal Month, leading with: "Stocks rallied Friday, capping off a strong week at the end of one of the worst months in Wall Street history." The Dow began October at 10,831 and ended at 9325, according to CNN.

Business Owners of Both Parties Supporting Obama

USA Today is reporting the surprising trend of Republican business owners supporting Barack Obama for president, ending with this quote from one: ""I would rather pay a little higher tax on a higher profit than a lower tax rate on lower profits." Here's some more:

Gannett To Cut Another 10 Percent in December

On Tuesday, Gannett Company, the corporate parent of the Clarion-Ledger, announced sharply lower earnings and their intention to lay off another 10 percent of their Newspaper division workforce in early December. The layoffs come just months after another round of layoffs affected 3 percent of employees in August.

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