Category: Economy

How Badly Did Friday’s Manhunt Lockdown Hurt Boston’s Economy?

How Badly Did Friday’s Manhunt Lockdown Hurt Boston’s Economy?

“Almost every business is closed,” wrote TIME contributor Eben Harrell as he walked around Boston on Friday afternoon. ”The ‘shelter in place’ guidance has essentially shut down a major American city.”   These comments naturally raise the...

Plugging the Pension Gap … With Cheese?

Plugging the Pension Gap … With Cheese?

In American slang, the word “cheddar” has long been a stand-in for money. Now, it would appear some folks in the U.K. are taking this association far more literally.   According to the Financial...

U.S. Unemployment Aid Applications Rise to 352,000

U.S. Unemployment Aid Applications Rise to 352,000

The number of Americans seeking unemployment benefits increased just 4,000 last week to a seasonally adjusted 352,000. The level is consistent with solid hiring and suggests the job market should rebound this month after...

A New Idea to Fix the Retirement Savings Crisis

A New Idea to Fix the Retirement Savings Crisis

The retirement savings crisis in America is so acute that at least one prominent thinker on the subject is calling for a mandatory savings program above and beyond existing 401(k) and other pension plans....

Coke Drinks Deeply From Emerging Markets, But Q1 Profit Still Falls 14%

Coke Drinks Deeply From Emerging Markets, But Q1 Profit Still Falls 14%

  Coca-Cola pushed forward with growth in emerging markets, though a series of currency problems and restructuring charges sent the world’s largest beverage company’s profit tumbling. Net income was $1.75 billion, 39 cents a...

J.C.Penney: First Challenge for CEO Mike Ullman Is Financing

J.C.Penney: First Challenge for CEO Mike Ullman Is Financing

Last week I spoke with Mike Ullman (Myron Ullman III), the returning CEO of J.C.Penney. He is passionate about leading his company down a road to recovery. It may take a couple of years,...

Lawmaker Seeks To Extend 3D-Printed Gun Ban Bill To Ammo Magazines And Other Components

Lawmaker Seeks To Extend 3D-Printed Gun Ban Bill To Ammo Magazines And Other Components

One of Defense Distributed’s AR-15 with a 3D-printed lower receiver and magazine. New York congressman Steve Israel has become the government’s most outspoken critic of a science fictional idea quickly approaching reality: 3D-printed guns....

Bitcoin Economics: Primer on a Volatile Currency

Bitcoin Economics: Primer on a Volatile Currency

Bitcoin, the virtual currency composed of digital bits, is based on cutting-edge mathematical schemes that guard against counterfeiting. But it’s also based on an old idea, now dismissed by mainstream economists, about how a...

Here’s the Real Mix of Spending and Revenue in the President’s Deficit Reduction Proposal

Here’s the Real Mix of Spending and Revenue in the President’s Deficit Reduction Proposal

President Obama’s budget identifies a group of policies as a $1.8 trillion deficit reduction proposal. I found the budget presentation of this proposal somewhat confusing; in particular, it is difficult to see how much...