In 4th Quarter, Economy Shrank For First Time Since '09
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Wednesday, January 30, 2013
Study: Nearly Half In U.S. Lack Financial Safety Net
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.
Tuesday, January 29, 2013
Asia
As China Builds, Cambodia's Forests Fall
January 29, 2013 Members of China's growing middle class are eager to spend their money on luxury goods, including hardwood furniture. The growing demand has led to massive illegal logging in Cambodia.
The Two-Way
Consumer Confidence Drops; All Of 2012's Gains Gone
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.
The Two-Way
Home Prices Continue To Rise; Housing Is Now Economic 'Bright Spot'
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.
The Record
Rising Postal Rates Squeeze Small Record Labels
January 29, 2013 When postal rates went up this week, labels who ship CDs and LPs saw rates jump. They say the costs will make their way to music fans.
Monday, January 28, 2013
The Opinion Page
A 'Permatemp' Economy: The Idea Of The Expendable Employee
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."
The Two-Way
After Rising To Pre-recession Levels, Stocks Pause; Will Bulls Resume Running?
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.
Sunday, January 27, 2013
It's All Politics
The GOP And Taxes: In The States, It Can Get Complicated
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.
Saturday, January 26, 2013
U.S.
Investing In Citizenship: For The Rich, A Road To The U.S.
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?
World
Spanish Moms Raise School Funds With Pinup Calendar
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.
Japan's Economic Plan May Be Bad News For Everyone Else
January 26, 2013 New measures designed to flood the country's economy with money are raising concerns of a "currency war." As Japan devalues the yen, will other nations have to follow suit?
