U.S. backs expanding broadband

The Obama administration is backing a plan to nearly double the space available on the airwaves for wireless high-speed Internet traffic to keep up with ever-growing demand for video and other cutting-edge applications on laptops and mobile devices.
President Barack Obama on Monday committed the federal government to freeing up an additional 500 megahertz […]

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State Department approves San Antonio as passport-processing center

The San Antonio City Clerk’s Office has been approved to serve as an official U.S. Department of State Passport Acceptance Facility, making it the only municipality in Bexar County to hold this designation.
Currently, the U.S. Postal Service processes Passports for the State Department at a number of San Antonio area post offices. City Clerk Leticia […]

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Factors influencing corporate location decisions

Top five and bottom five factors influencing corporate decisions on relocation — and where union-related factors fall on the list:
1. Labor costs
2. Highway access
3. Tax exemptions
4. Energy availability and costs
5. Corporate tax rate
11. Low union profile
14. Right to work state
22. Availability of unskilled labor
[…]

Indonesia Inflation Rate Holds Near Highest Since May

Indonesia’s inflation held near the fastest pace since May 2009 amid rising commodity and food prices, putting pressure on the central bank to raise interest rates this year.
The consumer price index rose 3.81 percent in February from a year earlier, the central statistics agency said in Jakarta today. That compares with the 3.97 […]

Confusion and fear at Toyota dealerships

Toyota drivers are feeling mounting confusion and frustration as they attempt to fix their recalled cars. And Toyota dealers are under the gun as they face sometimes angry customers.
"It’s just getting crazy," said Andy Phillips who heads the service department at Sandy Springs Toyota in Georgia. "Well, you know. I’m tired, the phones are […]

Olive: We’ve paid heavy price for unfettered capitalism

The new year has barely begun and already one of 2010s most important analyses of economics has appeared.
It’s John Cassidy’s rather brave confrontation with the so-called "Chicago School" of neo-con economists, whose free-market doctrines laid the groundwork for the epic global financial crisis we’ve just endured.
We have paid a heavy price for the […]

Auto execs: Still too many plants

The U.S. auto industry has been decimated in recent years by a rash of plant closings. But according to a survey of top industry executives, more shutdowns could be on the way.
The survey, conducted annually by accounting firm KPMG, found that 88% of top industry executives thought there is still too much capacity at […]

Key sponsors stand by Tiger

He is Tiger Inc. Hear him roar.
Multi-million dollar contracts. An estimated $100 million (U.S.) in endorsements per year. More than $92 million from PGA career tournament winings. Ballooning PGA ticket sales and TV viewership levels.
Tiger Woods was, until now at least, a thoroughly unpolarizing sponge for corporate money who, according to Forbes magazine, […]

IMF chief does not see double-dip U.S. recession

The head of the International Monetary Fund said on Friday the pace of the recovery in the U.S. economy remains sluggish but he does not believe there will be a double-dip recession.
IMF managing director Dominique Strauss-Kahn said that capital flows to emerging markets reflected the positive outlook for those economies but warned that they […]

Geithner wants strong dollar, will tackle deficit

Treasury Secretary Timothy Geithner said on Wednesday he believes strongly in the need to maintain a strong dollar and said the United States was determined to get its budget deficit down.
The dollar’s decline has been a source of concern in the export-heavy region, especially since top exporter China keeps its currency’s value closely managed […]