DFW Relocation

article written by: Rick Newman Friday February 6, 2009, 11:53 am EST Who's next? With consumers shutting their wallets and corporate revenues plunging, the business landscape may start to resemble a graveyard in 2009. Household names like Circuit City and Linens 'n Things have already perished. And chances are, those bankruptcies were just an early warning sign of a much broader epidemic. Moody's Investors Service, for instance, predicts that the default rate on corporate bonds - which foretells bankruptcies - will be three times higher in 2009 than in 2008, and 15 times higher than in 2007. That could equate to 25 significant bankruptcies per month. We examined ratings from Moody's and data from other sources to develop a short list of potential victims that ought to be familiar to most consumers. Many of these firms are in industries directly hit by the slowdown in consumer spending, such as retail, automotive, housing and entertainment. But there are other common th...

Jobless rate jumps to 7.6 percent, 598K jobs lost By JEANNINE AVERSA, AP Economics Writer Jeannine Aversa, Ap Economics Writer 9 mins ago WASHINGTON - Recession-battered employers eliminated 598,000 jobs in January, the most since the end of 1974, and catapulted the unemployment rate to 7.6 percent. The grim figures were further proof that the nation's job climate is deteriorating at an alarming clip with no end in sight. The Labor Department's report, released Friday, showed the terrible toll the drawn-out recession is having on workers and companies. It also puts even more pressure on Congress and President Barack Obama's administration to revive the economy through a stimulus package and a revamped financial bailout plan , both of which are nearing completion. The latest net total of job losses was far worse than the 524,000 that economists expected. Job reductions in November and December also were deeper than previously reported. With cost-cutting employers in no mo...

Q: Doctor, I've heard that cardiovascular exercise can prolong life; is this true? A: Your heart is only good for so many beats, and that's it... don't waste them on exercise. Everything wears out eventually. Speeding up your heart will not make you live longer; that's like saying you can extend the life of your car by driving it faster. Want to live longer? Take a nap. Q: Should I cut down on meat and eat more fruits and vegetables ? A: You must grasp logistical efficiencies. What does a cow eat? Hay and corn. And what are these? Vegetables. So a steak is nothing more than an efficient mechanism of delivering vegetables to your system. Need grain? Eat chicken. Beef is also a good source of field grass (green leafy vegetable ). And a pork chop can give you 100% of your recommended daily allowance of vegetable products. Q: Should I reduce my alcohol intake? A: No, not at all. Wine is made from fruit. Brandy is distilled wine, that means they take the water out of the ...

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By DAVID BAUDER, AP Television Writer David Bauder, Ap Television Writer NEW YORK - Along with the usual punchlines, cartoonish violence and car chases, the real world of a depressed economy slipped into the showcase of Super Bowl commercials . In a Bud Light commercial, employees sat around a conference table while their exasperated boss wondered what they could do to make their budget. "We could cut back on marketing," one person said. "We could eliminate bonuses," said another, a line more timely than even Anheuser-Busch could have foreseen. "How about if we stop buying Bud Light for every meeting?" one employee wondered, an act of betrayal that got him tossed out the boardroom window. Even before the kickoff, Daryn from Texas testified on-screen about how she's trying to make ends meet: "If someone asks me how they can make money right now, I say do what I'm doing, sell Avon," she said in touting the cosmetics company. The taking bab...

09:45 PM CST on Thursday, January 29, 2009 By STEVE BROWN / The Dallas Morning News Don't expect any quick deals in Dallas-Fort Worth's stalled real estate market. Oh, investors are out there, but they're waiting for the right time to strike. "There has been a huge amount of money lost by getting in too early," said Herbert Weitzman, who recently formed an acquisition partnership with Dallas investor Craig Hall. Weitzman - who's also chief executive of Dallas-based retail broker Weitzman Group - was on a panel of industry veterans who spoke Wednesday evening at a meeting of the Society of Industrial and Office Realtors. "Things are not going to get better very soon," he said. "The deals that are going to happen are going to be later in the year. "There is going to be a huge amount of retail REO [foreclosed property] coming on the market later this year." Property sales in North Texas have slowed to a trickle because of the lack of cred...

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