Tar Heel Business

The future is bright.  This luminescence will not be emitting from the economy, but rather from resilient element Au, better known as gold.  Gold has already been making a strong ascent, although its climb has not been as noteworthy since its rise has been in concurrence with the dollar. Read More

You won't hear me say this much, but Jim Cramer was right with his dispute with Jon Stewart. Here's why. Read More

At the rate that we've been going at, the Dow Jones would hit zero in about two months. That isn't going to happen. Assuming we haven't hit it already, the market bottom is imminent. Read More

General Electric has long been considered one of America's most trusted and admired companies.  Thomas Edison, the great American inventor, started General Electric back in 1890 to manufacture and distribute light bulbs.  GE was one of the first 12 companies to be put on the Dow Jones and since then, has expanded at a breathtaking rate.  Thomas Edison's brainchild is now the world's tenth largest company and some divisions in GE are the size of Fortune 30 companies. Read More

Peter Schiff, president of EuroPacific Capital, certainly seems to think so, and lots of people are beginning to take his predictions seriously.  It wasn't long ago that he was scoffed at for predicting the collapse of the US economy.  In fact, Schiff was able to call exactly how the collapse would occur. Read More

Having trouble finding an internship or job this coming summer?  If your answer is yes, you aren't alone. Edwin Koc at The National Association of Colleges and Employers states that "job prospects for the class of 2009 are considerably below those for the previous five graduating classes."  Further sobering, Koc alludes to the inverse relationship between the unemployment rate and the Dow Jones Industrial Average. Read More

Despite the crisis and sensational headlines, the rumors about bank nationalization are probably just that: unfounded rumors. Here's why. Read More

Recently, it was released that Japan's GDP plummeted at an annual pace of 12.7% in the last quarter.  While the Euro Zone fared relatively better, the 5.9% drop it incurred is still cause for concern.  These figures are particularly striking when one considers that in the U.S., which has been identified as the primary root of many of the problems occurring worldwide, only a 3.8% drop occurred.  Read More

With some of our oldest and largest corporations' heads on the chopping block, the government is forced into a tight corner.    Some would say that we are ridding the U.S. of bad companies, which have been getting worse for years.  Others might talk about the job loss and human pain associated with a company failure. In reality, we cannot let the U.S. auto industry fail.  Read More

During my weekly poor-college student stroll through Wal-Mart this past Saturday, I saw something rather upsetting:  I couldn't find incandescent light bulbs.  Wal-Mart is never, ever out of stock of anything.  They have some of the most advanced retail inventory management software imaginable.  So you can understand my anger when I was forced to buy some squiggly looking thing called a "compact fluorescent."  Read More