March 15, 2013 The economic expansion of the so-called "Global South" is being driven by new trade and technology partnerships, according to a United Nations report. The U.N. predicts that over the next two decades, economic and political power will shift away from Europe and North America.
March 15, 2013 Prices rose overall by 0.7 percent. The major factor: a 9.1 percent surge in gasoline. Since February, though, gas prices have retreated. So economists do not think the latest report changes the inflation picture.
March 15, 2013 Passengers stranded in St. Maarten aboard the Carnival Dream are to be flown home, while Carnival Legend limps back to Tampa after a "technical issue" in one of its propulsion units.
March 15, 2013 Also: Tan Twan Eng wins the Man Asian prize; Aaron Swartz posthumously honored by the American Library Association; Sheryl Sandberg on Madeleine L'Engle.
March 15, 2013 Anat Admati, finance professor at Stanford and co-author of a new book on American banks, argues that banks carry too much debt and have too little equity. Government support allows them to hide their risky behavior, distorting the economy as a whole, she says.
March 15, 2013 A giant reservoir of natural gas lies under the ocean floor, and no one had successfully extracted it until this week. Japanese engineers pulled it up through a well from under the Pacific. But there are still lots of unanswered questions about the viability of this new gas supply.
March 14, 2013 A bidding war for top students means less money for students who can't afford college on their own.
March 14, 2013 So-called "haul videos" are the YouTube version of a time-honored tradition: showing off the spoils from a trip to the shopping mall. Some haulers have garnered thousands of followers, as well as relationships with retailers who compensate the young fashionistas for promoting their products.
March 14, 2013 With Twitter, Facebook and other social media sites, companies have lost control of their brand and messaging. Now, the customers hold the power. In Can't Buy Me Like, Bob Garfield argues we have entered a time where brands must be driven by authentic relationships.