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SATURDAY, NOVEMBER 21, 2009
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NEWS ABOUT: spending

spending stories: 24 news summaries

1 - 20 of 24 Stories | 1 2 Next >>

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CELEB LAWSUITS


 Manager: I 
 Warned Nic 
 Not to Buy 
 That Castle... 

Broke Nicolas Cage countersued by business manager

Nov 19, 09 9:33 AM CST
(Newser) - The business manager Nicolas Cage is suing for fraud is suing the actor right back, claiming he warned Cage he would have to make $30 million a year to support his extravagant lifestyle. Samuel J. Levin’s suit also claims he cautioned the actor—who recently lost two New Orleans... More »

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entertainment • bankruptcy • foreclosure • celebrity • lawsuit • spending • Nicolas Cage • business manager • Nicolas Cage broke • Nicolas cage foreclosure

 Women Drive Recovery, 
 But Dissed By Retail 



Biz approach to females: take 'a male product and paint it pink'

Oct 26, 09 2:32 AM CDT
(Newser) - Women who shop til they drop are stimulating the economy more than any Ben Bernanke, but the planet's greatest spending bloc feels dissed by retailers and service providers. Women control $20 trillion in annual consumer spending in the world—a figure likely to climb to $28 trillion by 2014. Despite... More »

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China • retail • shopping • women • consumer spending • world • spending • economy • service sector • retail businesses

GLOSSIES

 How Annie Leibovitz 
 Got Underwater 


Aug 17, 09 1:46 PM CDT
(Newser) - Photographer to the stars Annie Leibovitz is in a widely reported financial pickle, but it really comes as no surprise to those close to her, New York reports. Leibovitz is now engaged in baroque legal wrangling over her catalog, but her troubles started earlier. Insiders say a suspected “... More »

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Vanity Fair • bankruptcy • photography • debt • Vogue • photographers • spending • Annie Leibovitz • underwater • economic downturn • Susan Sontag • catalog

(Newser) - French First Lady Carla Bruni-Sarkozy just loves her fleurs and she's often photographed arranging blooms in the Elysée Palace. Problem is, the flowers are costing French taxpayers $1,100 a day, and they want the spending nipped in the bud. The blooming bills were revealed in the first state... More »

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Nicolas Sarkozy • France • spending • Elysee • audit • flowers • Carla Bruni • French

(Newser) - Facing a burdensome political agenda, decreased popularity, and widespread opposition to his key policies, President Barack Obama appears poised to become the next Jimmy Carter, Matt Welch and Nick Gillespie write in the Washington Post. Both are "smart, moralistic" presidents who inherited brutal economies, but both responded with top-heavy... More »

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Barack Obama • Jimmy Carter • Bill Clinton • spending • economy • financial crisis

(Newser) - Ron Paul is disappointed in everybody, Politico reports. President Obama “became the peace candidate: ‘Yeah, we’re going to end that war in Iraq,’” the Texas congressman and erstwhile presidential candidate says. “But it’s not sincere.” And though Republican opposition to Obama’s... More »

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Barack Obama • Ron Paul • Republican Party • spending • Iraq war

ANALYSIS

Congress Hands Taxpayers Hefty Travel Tab

Jaunts to Paris, Kabul cost $13M last year, 10 times 1995 figure

Jul 2, 09 7:10 AM CDT
(Newser) - Spending by Congress on taxpayer-funded trips overseas is nearly ten times what it was in 1995 and triple the amount spent in 2001, the Wall Street Journal finds in an analysis of some 60,000 travel records. Last year, hundreds of members of Congress went abroad at a cost of... More »

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Congress • travel • spending • overseas

(Newser) - New York Mayor Michael Bloomberg has already spent $18.7 million in his bid for a third term, outpacing his own 2005 campaign by 55%, the New York Daily News reports. The billionaire's three main competitors have spent a combined total of about $2.5 million, with controller William... More »

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New York City • advertising • Michael Bloomberg • campaign funds • mayor • billionaire • spending • Bill Thompson

Recession-Wary Teens
Cut Back on Spending

Teens spend less on food, apparel while video games and DVDs still popular

Apr 27, 09 9:31 AM CDT
(Newser) - The downturn is causing teens, who usually spend through recessions while parents absorb the pinch, to cut back, Advertising Age reports. Teenagers are spending about 14% less this spring than last, a “dramatic impact” from a demographic that spends an average of $125 billion each year. Unemployment is also... More »

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recession • gaming • unemployment • consumer spending • spending • teenager • video games • financial crisis • DVDs

(Newser) - Americans are stressed about the economy and keeping their wallets shut, says a new ABC/Washington Post poll. While the number of Americans who say the economy is getting better is on the rise, that's not translating into shopping habits. Six in 10 say they feel stressed—half of those describe... More »

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poll • consumer spending • spending • economy

Obama to Reach Out to Small Business

Prez to unveil a $730M
effort after GOP backlash on spending

Mar 15, 09 12:33 PM CDT
(AP) - Amid misgivings over his spending blueprint, President Barack Obama will provide billions of dollars in federal lending aid aimed at struggling small business owners, the AP reports. The package, to be announced tomorrow, includes $730 million from the stimulus plan that will immediately reduce small-business lending fees and increase the... More »

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Barack Obama • taxes • spending • small business • economic stimulus package • Republicans

OPINION

Crisis Paradox: How to Spend When You Need to Save

How to stimulate the economy without draining your account

Feb 11, 09 12:11 PM CST
(Newser) - While leaders encourage Americans to stimulate the economy by spending, those who have lost jobs or investments are a lot more inclined to hoard their remaining assets. But there's a way to avoid this "paradox of thrift," in which the frugal behavior that's best for an individual... More »

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spending • savings • economic stimulus package • economy • banks • financial crisis • thrift



 Newfound Thrift 
 Battering Economy 

Sharp rise in savings rate expected to lengthen recession

Jan 6, 09 1:51 AM CST
(Newser) - Americans worried about the recession are stashing away cash at the highest rate in decades—but economists fear that the thrift will prolong hard times, reports the Wall Street Journal. The national savings rate has rebounded from less than zero to levels expected to hit 5% or higher this year... More »

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consumer • recession • US economy • spending • savings • economy

Paul's Money Can't Buy Heather Love

But with $16M spree in 7 months, she must have everything else

Oct 23, 08 10:47 AM CDT
(Newser) - Snapping up everything from swanky real estate to savory soy dogs, Heather Mills has blown more than a third of her $40 million divorce settlement with Paul McCartney since March, The Sun reports. She spent some $13.7 million on property and donated $1 million in vegetarian food to homeless... More »

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Heather Mills • spending • divorce settlement • celebrity divorces

 Royals Party Like It's 1899 

Prince Charles will have two lavish 60th birthday bashes

Sep 29, 08 12:55 PM CDT
(Newser) - Seemingly impervious—or oblivious—to the international economic meltdown, the royal family will throw not one but two lavish celebrations for Prince Charles’ 60th birthday in November, the Daily Mail reports. The Queen will host a state banquet at Buckingham Palace for 170 guests, and Charles' wife, Camilla, will host... More »

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Prince Charles • Queen Elizabeth II • Buckingham Palace • spending • Britain • British royals

 Mac Spent $5,500 
 on Idol Artist 

Republican candidate employs Hollywood makeup expert for TV slots

Sep 25, 08 9:49 AM CDT
(Newser) - John McCain has spent more than $5,500 for the prime-time expertise of an American Idol makeup artist so the 72-year-old can be camera-ready for his TV appearances, Us Weekly reports. Tifanie White, who's also worked on So You Think You Can Dance, used her beauty school tricks to the... More »

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John McCain • American Idol • campaign funds • spending • McCain 2008 • Election 2008

CEO Arrested in Plan to Use Homeless in Medicare Scam

Scheme recruited LA's skid row denizens to bilk feds for unnecessary service fees

Aug 6, 08 5:30 PM CDT
(Newser) - The CEO of a Los Angeles hospital was arrested today for defrauding Medicare by using the city’s homeless to fill empty beds, the AP reports. The FBI says Rudra Sabaratnam, of City of Angels hospital, recruited the homeless in a scheme to charge for unnecessary health services and keep... More »

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health care • fraud • homeless • scam • hospital • spending • billing • kickbacks

OPINION

 New Stadium Strikes Fear
 in Mets Foes

New stadium, opening next year, will open financial 'chasm' for other NL teams

Jul 24, 08 2:37 PM CDT
(Newser) - National League teams visiting Shea Stadium this summer can’t help looking past the outfield with fear at the New York Mets’ new home, Citi Field, which opens next year. “It is the ballpark that could make the Mets financially untouchable,” Rich Hofmann writes in the Philadelphia Daily ... More »

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Philadelphia Phillies • New York Mets • business • spending • baseball • Shea Stadium • Citi Field

McCain Vows
to Balance
the Budget

Social Security reform one scenario; Dems
call plan unrealistic

Jul 7, 08 1:44 PM CDT
(Newser) - John McCain will pledge to balance the budget by the end of his first term, Politico reports, promising spending and entitlement programs, including Social Security, in a policy paper released today. McCain is renewing a promise he’d backed off from in April—a vow likely to excite his fellow... More »

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John McCain • entitlement programs • Medicare • budget • spending • Social Security • McCain 2008 • balanced budget • economy

Rebate Checks Go to Gas, Food, Looming Debt

Extravagant spending sprees at the mall?
Not so much

Jun 1, 08 9:44 AM CDT
(Newser) - Rather than the gluttonous splurge on flat-screen TVs and foreign vacations that Uncle Sam had envisioned, most Americans are plunking their rebate checks down on exorbitant gas and food costs--and their mounting debt. “The initial sense is that people are not running out the malls,” one economist told... More »

MORE ABOUT:
debt • recession • consumer spending • spending • gas prices • food prices • economic stimulus package • tax rebate

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