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OpenCongress Summary: This bill would provide for seven more weeks of unemployment insurance benefits for those whose benefits have run out, but still have not found work. In states with an unemployment rate above six percent – like Rhode Island, Michigan and California – the bill would provide for an additional 13 weeks of extended […]
States face unemployment cash crisis Job losses mount: 1.2 million in ’08 State unemployment insurance trust funds are rapidly running out of money amid soaring job losses. This is prompting state officials to consider raising employer taxes or curtailing benefits, while forcing them to borrow from the federal government to cover claims. “Some states didn’t […]
Complete Article U.S. restaurants are enduring their toughest time in 17 years as tight credit and falling home prices compel consumers to eat out less or spend less when they do, a National Restaurant Association economist said on Wednesday. “This is the most challenging environment for restaurant operators since 1991,” Hudson Riehle, NRA chief economist, […]
Full Article in USA Today Reducing the glut. With way too many restaurants serving far too few customers, at least 1,000 casual dining units will close over the next 12 months — helping to lessen the glut of casual dining spots, says Ron Paul, president at researcher Technomic. “In the eyes of consumers, these restaurants […]
FULL Article Restaurants, now working to secure supply and price contracts for meat and other commodities for the upcoming year, are expecting big increases in food costs – increases that will likely lead to menu changes and price hikes. Some chains are already adjusting their menus to reflect current high costs for both beef and […]
Eatery samples cheap eats The Yellow Dog Lantern Restaurant has an answer to falling stock prices, the national credit crunch and turmoil in world financial markets. It’s called “the recession menu.” “Even people who have money are scared to spend it right now,” said Janet Clinger, owner. “I just tried to come up with something […]
Growth at casual dining chains slows Casual dining companies, caught between cash-strapped consumers and a tight financing environment, are slashing U.S. expansion plans and some are looking overseas for growth. While the U.S. economy was booming, casual dining became a frequent indulgence for consumers. But with the country mired in its greatest financial crisis since […]