Intersecting Minds: Education, Business and Technology at the North Carolina State Jenkins Graduate School of Management

Tuesday Morning Quick Hits | January 26, 2010

A mixed bag of news today:

S&P warned that Japan’s debt rating could be cut. This comes after the agency downgraded Greece’s debt earlier this year. Concern is growing that several advanced economies, including the United States, are in a bad situation with the amount of debt they are facing.

– On the bright side, Ford announced that it is adding 1,200 jobs to a plant in Illinois to gear up for production of its 2011 Explorer model.

– Also on the good news side, consumer confidence in the US is rising over hopes that the job market is improving. As the Bloomberg article notes, increased consumer confidence generally leads to increased consumer spending, a major driver of the economy.

– And on the downside, Verizon plans to cut 10,000 jobs after missing analyst’s fourth quarter sales expectations.

– Continuing with the jobs theme, Senate Democrats are considering a second jobs-focused stimulus bill valued at $80B. Of course there is controversy on whether or not the bill will actually create any jobs.

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