Category: Economy

The Digital Economy Is Profoundly Unequal

The Digital Economy Is Profoundly Unequal

Is unbridled innovation good for society? Can we trust the internet? Can we afford not to? These are some of the big picture questions being asked right now at the annual Institute for New...

Average U.S. 30-Year Mortgage Rate Rises to 4.40 Percent

Average U.S. 30-Year Mortgage Rate Rises to 4.40 Percent

Average U.S. rates on fixed mortgages rose this week in the wake of comments by Federal Reserve Chairman Janet Yellen suggesting that the Fed could start raising short-term interest rates by mid-2015. Mortgage buyer...

The IRS Will Tax Bitcoin As a Property

The IRS Will Tax Bitcoin As a Property

The IRS has announced it will categorize virtual money as property, not as currency. The move will impose significant taxes and regulations on the fledging Bitcoin market, but will likely be a boon for...

U.S. Gas Prices Have Gone Up $4 Per Tank in The Last 6 Weeks

U.S. Gas Prices Have Gone Up $4 Per Tank in The Last 6 Weeks

A new survey by industry analyst Trilby Lundberg finds the average price of gas is up 26 cents across the U.S. over the last six weeks—five cents just in the last two weeks—representing a...

Uncle Sam Has $760 Million in Tax Refunds Just Waiting To Be Claimed

Uncle Sam Has $760 Million in Tax Refunds Just Waiting To Be Claimed

If Americans don’t claim the money they’re owed by April 15, it becomes the property of the U.S. government. The money comes from people who didn’t file tax returns in 2010, but were eligible...

These Credit Cards Are Desperate to Give You $400

These Credit Cards Are Desperate to Give You $400

Thanks healthier economy If you’re good with your finances, credit card companies are literally throwing money at you to get you to become a customer. Issuers are laying their cards on the table with...

The Emerging World Is Starting to Get Annoyed With the U.S. Dollar

The Emerging World Is Starting to Get Annoyed With the U.S. Dollar

The U.S. Federal Reserve is taking heat these days from policymakers in the developing world. They have good reason to be disgruntled. Ever since the Fed signaled last year that it would begin scaling...

What To Like (and Dislike) in the Camp Tax Proposal

What To Like (and Dislike) in the Camp Tax Proposal

There are things to like and things not to like about Republican congressman Dave Camp’s new 979-page tax plan. But here’s what I like most about it – it starts a serious conversation about...

Yellen Says Fed Can’t Regulate Bitcoin

Yellen Says Fed Can’t Regulate Bitcoin

The Federal Reserve does not have the authority to regulate the digital currency Bitcoin, Fed chief Janet Yellen said Thursday. During her semi-annual testimony before the Senate Banking Committee, Yellen took on questions from Virginia Democratic...

Here’s Why Gas Prices Are Surging

Here’s Why Gas Prices Are Surging

The average cost of gasoline nationwide rose 12 cents to $3.41 during the past two weeks, according to a survey released Sunday. The increase was partially due to changes in crude oil dude to...