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Department of Education posts

States are grabbing stimulus money to plug budget deficits

Posted Jul 9th 2009 2:00PM by Connie Madon (RSS feed)
Filed under: Management, Politics, Recession

Have you wondered why we don't see more job growth under the economic stimulus program? One reason is that states are using half of $8.8 billion dollars to plug budget deficits. In all, the Department of Education is disbursing $56.6 billion to the states with few requirements as to how the money is spent.

Here's a breakdown of some of the projects being funded:

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Closing Bell: A win that felt too quiet (BRK-A, BAC, CCL, SNDK, SLM, WLP)

Posted Jun 18th 2009 4:00PM by Jon Ogg (RSS feed)
Filed under: Berkshire Hathaway (BRK.A), Bank of America (BAC), Carnival Corp (CCL), SLM Corp (SLM), SanDisk Corp (SNDK)

Today was one of those low news flow days where you never had any real solid feel for where the market would close until the very end of the session. We have seen too many rallies dashed by closing imbalances at the end of the day when there was thin volume.

Some Philly Fed data helped hold the market, and that was on the heels of the largest drop in continuing jobless claims since 2001. Some of the agriculture stocks staged a small comeback after yesterday's huge losses.

Here were the unofficial closing bell levels:

Dow 8,554.77 +57.59 (0.68%)
S&P 500 918.34 +7.63 (0.84%)
Nasdaq 1,807.72 -0.34 (-0.02%)

Top Analyst Upgrades
Top Analyst Downgrades

Continue reading Closing Bell: A win that felt too quiet (BRK-A, BAC, CCL, SNDK, SLM, WLP)