Category: Economy

Externships: What They Are And Why They’re Important

Externships: What They Are And Why They’re Important

According to Merriam-Webster’s dictionary, the first known use of the term “externship” dates back to 1945. However—until recently—most students were entirely unfamiliar with the concept. And many people still don’t know what they are,...

To The Horror Of Global Warming Alarmists, Global Cooling Is Here

To The Horror Of Global Warming Alarmists, Global Cooling Is Here

Around 1250 A.D., historical records show, ice packs began showing up farther south in the North Atlantic. Glaciers also began expanding on Greenland, soon to threaten Norse settlements on the island. From 1275 to...

Starving Bankers Charge Up China’s LightInTheBox IPO

Starving Bankers Charge Up China’s LightInTheBox IPO

Today I want to give myself the poor timing award for my recent remarks about the upcoming New York IPO for Chinese e-commerce firm LightInTheBox. A day after commenting that the company’s IPO had...

Rising U.S. Rates And A Stronger Dollar: Tectonic Shifts For Investors As Fed Changes The Game Plan

Rising U.S. Rates And A Stronger Dollar: Tectonic Shifts For Investors As Fed Changes The Game Plan

Markets are in disarray after Fed Chairman Ben Bernanke’s magic trick, pulling the tablecloth from the dinner table without moving a single plate. Talk of the Fed tapering its program of quantitative easing has...

America’s New Manufacturing Boomtowns

America’s New Manufacturing Boomtowns

Conventional wisdom for a generation has been that manufacturing in America is dying. Yet over the past five years, the country has experienced something of an industrial renaissance. We may be far from replacing...

Money Talking: Where’s the Economy Headed This Summer?

Money Talking: Where’s the Economy Headed This Summer?

Is the U.S. back? That’s the big question in the global economy right now. Earlier this week, Federal Reserve chairman Ben Bernanke suggested that he’d be tiptoeing away from the Fed’s asset buying program,...

Unemployment Falls in 40 U.S. States, Rises in 3

Unemployment Falls in 40 U.S. States, Rises in 3

Solid hiring helped lower unemployment rates in 40 U.S. states last month, the most since November. The declines show the job market is improving throughout most of the country. The Labor Department said Friday...

Car? House? Sorry: Graduates of 2013 Are Each $35,200 in Debt

Car? House? Sorry: Graduates of 2013 Are Each $35,200 in Debt

The typical college graduate will leave campus this month owing nearly as much money as they stand to earn in their first year of full-time employment, new research shows. At a personal level, graduates...

U.S. Weekly Jobless Claims Jump to Highest Level in 6 Weeks

U.S. Weekly Jobless Claims Jump to Highest Level in 6 Weeks

The number of Americans seeking unemployment aid rose 32,000 last week to a seasonally adjusted 360,000, the most since late March. The jump comes after applications fell to a five-year low. The Labor Department...

Why This Housing Upturn Looks Like the Real Thing

Why This Housing Upturn Looks Like the Real Thing

Ever since the recovery began in 2009, a weak housing market has held back the U.S. economy. The first rebound in home prices was lackluster and after only a year was followed by another...