Financial Accuracy

The Labor Department reported that the number of people that filed for initial unemployment benefits in the week of Jan. 21st reached 377,000. This means that the number was up 21,000 from the week before.

Many economists believe that the week to week numbers can be very volatile and that the overall picture is much more important.  The overall trend has been a downward trend, showing that the number of people that are filing for first-time unemployment benefits is decreasing.

During the worst times of this recession the unemployment offices across the nation filed as many as 659,000 initial claims in a single work.

Unfortunately, millions of Americans remain jobless. 3.6 million people filed for their second week of unemployment benefits.  Although the trend shows progress, we still have a long ways to go.

There are a lot of people that have turned away from Netflix after they decided to raise their prices this year. There are a lot of people that do not realize that Netflix’s CEO Reed Hastings has a clear view of the way that the public has changed their view of his company.

Customers started complaining and cancelling with such high rates that Netflix reversed their plan to charge separate prices for DVDs-by-mail and streaming videos.

“We moved too fast with it,” Hastings said. “We berate ourselves tremendously.”

As he gave the media a blunt talk about the company, he emphasized that the company is going towards streaming. Although the company will not do anything to hurt the DVD business, their focus will continue to be on their streaming.

Over the past six months Netflix’s stocks are down 74%. Hopefully, the company has learned its lesson and will be able to start increasing the number of people that view the company positively.

A group of lawmakers gathered to propose a solution to save the United States Postal Service. This proposal will allow the post office to close on Saturdays in two years, close post offices around the country and buy out a large number of postal workers.

The Untied States Postal Service has been struggling in recent years. There are a lot of people that have been stringently opposed to bailout the post office.

Although the post office has already upped the price of the stamps, there is a payment that the U.S. postal service owes to the Federal Retiree fund. This $5.5 million payment is something that the postal service is expected to default on.

This proposal is just the beginning of what will eventually be a total reconstruction of the postal service. Do your research so that when the vote comes to your area you will be able to vote for the best proposal for the United States Postal Service.