January 30, 2013 The economy had not contracted in any quarter since the spring of 2009. Among the reasons why there wasn't growth in the last three months of 2012: steep cuts in defense spending.
January 30, 2013 In his inaugural address, President Obama envisioned a nation where even "the poorest child knows she has the same chance to succeed as anyone else." But a new report finds that 44 percent of Americans do not have the savings to cover basic expenses for three months if they lose their income.
January 29, 2013 Though there have been other signs to indicate that the economy is on the upswing, many Americans aren't feeling all that good about how things are going.The private Conference Board reports that its widely watched consumer confidence index fell to 58.6 in January from 66.7 in December.
January 29, 2013 In nearly all major cities across the nation, prices rose at a faster pace in November than they had in October, the latest S&P/Case-Shiller Home Price Indices report shows. It's another sign that the housing sector has recovered from its bust.
January 28, 2013 Nearly 13 million people head to work as temporary and contract employees each year, according to the American Staffing Association. In an opinion piece for The New York Times, sociologist Erin Hatton argues that it's time to get rid of the "anti-worker ideology that has come to accompany it."
January 28, 2013 Though stocks took a breather Monday from their recent rally, there are reasons to think they'll continue their upward move in coming months. Money seems to be moving out of bonds and into stocks, corporate earnings are better than expected and economies overseas are getting back on their feet.
January 27, 2013 Republican Mike Pence just began his term as Indiana governor with a plan to cut the state income tax rate, joining Louisiana's Bobby Jindal, Wisconsin's Scott Walker, Nebraska's Dave Heineman and other GOP governors in pushing for similar plans. But some Republican state legislators aren't convinced.
January 26, 2013 The road can be long and difficult for some wanting to immigrate to the U.S. For those with money to spend, though, there's a different path. The EB-5 visa program offers green cards in exchange for investment in U.S. businesses. Rich immigrants can live the American dream, but what does the U.S. get in return?
January 26, 2013 When the village of Montserrat cut its school bus service to save money, some local moms hatched a plan to create an erotic calendar. The scantily clad women have earned enough in sales to rehire the school bus for the next three months.