There’s clearly nothing inconspicuous about a blackout: lights are killed, equipment grinds to a halt, and a variety of alarms sound. But other power problems — such as brownouts, over-voltages and line noise — may go unnoticed, giving the sometimes-silent power delinquents the potential to cause significant equipment damage or premature failure.
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With the Dow Jones industrial average flirting with a record high, the split between American workers and the companies that employ them is widening and could worsen in the next few months as federal budget cuts take hold.
Sure, we need to cut the federal budget deficit. But this is no way to go about it That’s the view of nearly 200 economists surveyed by the National Association for Business Economics, who are meeting here for the group’s annual policy meeting.
Warren Buffett still sees "good value" in stocks, even as the Dow Jones Industrial Average approaches an all-time high. On CNBC's Squawk Box, Buffett said Berkshire Hathaway is still buying stocks, even though prices have increased.
The nation's capitol and nearby Virginia and Maryland will likely feel the worst of the impact. States heavily-reliant on federal spending - as far away as New Mexico - are also in for some rough weather.
While politicians in Washington fan the flames of economic doom from the billions in automatic spending cuts scheduled to begin going into effect Friday, they've apparently failed to light a fire under many Americans.
Stocks are opening sharply lower on Wall Street with automatic government spending cuts about to kick in. The government also reported that American incomes plunged in January at the fastest pace in two decades.
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