BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Is a second stimulus check up ahead?]]>http://www.bloggingstocks.com/2008/10/15/is-a-second-stimulus-check-up-ahead/http://www.bloggingstocks.com/2008/10/15/is-a-second-stimulus-check-up-ahead/http://www.bloggingstocks.com/2008/10/15/is-a-second-stimulus-check-up-ahead/#commentsFiled under: , , ,

With unemployment rising and the signs of slowdown all around, is a second tax rebate or second stimulus check from Congress up ahead?

The U.S. economy continues to slow. More than 800,000 jobs have been lost since the slowdown began about a year ago, and many economists say the lay-offs are likely to continue or even increase.

Meanwhile, the world's major industrialized nations are striving to stabilize the global financial system and end a credit crunch that could further damage economies around the world.

Well, the answer to the question about a second stimulus check may very well rest on the answer to this one: Who are you voting for on Election Day, November 4?

Key factor: 2008 Election

Congressional Democrats, led by House Speaker Nancy Pelosi, D-California, have vowed to push for a second stimulus package totaling up to $150 billion to help jump-start the anemic U.S. economy, The San Francisco Chronicle reports.

Continue reading Is a second stimulus check up ahead?

Is a second stimulus check up ahead? originally appeared on BloggingStocks on Wed, 15 Oct 2008 15:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Barack ObamaBushCongressDemocratsfeaturedincome taxJohn McCainMcCainObamaPelosiPresident BushRepublicanssecond stimulus checkstimulus checktax cuttax rebatetaxesU.S. CongressWed, 15 Oct 2008 15:00:00 EST<![CDATA[Wal-Mart to cash rebate checks for free, shares rise]]>http://www.bloggingstocks.com/2008/04/29/wal-mart-to-cash-stimulus-checks-for-free-shares-rise/http://www.bloggingstocks.com/2008/04/29/wal-mart-to-cash-stimulus-checks-for-free-shares-rise/http://www.bloggingstocks.com/2008/04/29/wal-mart-to-cash-stimulus-checks-for-free-shares-rise/#commentsFiled under: ,

It's not clear what exactly is causing the boost in Wal-Mart's (NYSE: WMT) share price today, but shares started climbing right around the time Wal-Mart announced that it will cash rebate checks from Uncle Sam for free. As of 3:15, shares are up about $1.17 or 2% to $58.52.

This is a pretty good plan for Wal-Mart. Tax rebates are being sent to over 130 million households this spring, for a total of about $100 billion. And while no purchase is necessary to cash the checks without the usual $3 fee at Wal-Mart, prices at the store are being cut on basics like juice and shampoo to entice rebate recipients to spend a little time in the aisles picking up a few items. As any retailer knows, there's nothing like a customer with a pocket full of extra cash to create a few extra sales.

Wal-Mart is not alone in using this tactic. Sears (NASDAQ: SHLD) and Kroger (NYSE: KR) are offering extra discounts to shoppers armed with rebate checks, but only if customers spend all of their checks at their stores. It sounds like Wal-Mart is offering the better deal. And if Wal-Mart could capture just 1% of the rebate checks flooding the country right now, it could generate an extra billion dollars in sales.

Maybe Bush's questionable stimulus plan should be called the Enrich Wal-Mart Investors Act of 2008.

Wal-Mart to cash rebate checks for free, shares rise originally appeared on BloggingStocks on Tue, 29 Apr 2008 16:02:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>inthenewsstimulus checkStimulusCheckWMTTue, 29 Apr 2008 16:02:00 EST