Reports Show Worse-Than-Predicted Results at Retail

December 29, 2008

A survey from MasterCard Inc.’s SpendingPulse unit showed total retail sales (excl. automobiles) down by 5.5 percent for November and slumping by 8 percent for December through Christmas Eve vs. year age – in contrast to earlier forecasters’ estimates ranging from a fall of 1 percent to an increase of 2.2 percent.

Recent News

Waffle House Workers Strike for Fair Pay and Better Working Conditions

Waffle House workers in Conyers, Georgia, are now on their third day of striking over what they call the company’s unfair policies. Led by the Union of Southern Service Workers (USSW), Waffle House employees are demanding an end to the mandatory “meal credit” deductions from their paychecks, along with better wages and improved working conditions.