Category: Economy

Atlantic City’s Next Big Bet: Legalized Online Gambling

Atlantic City’s Next Big Bet: Legalized Online Gambling

Business has been on the decline in Atlantic City casinos for six years and running. To stop the bleeding, casinos are betting big on online gaming—an option that, of course, gives gamblers an easy...

Bond Markets to the Fed: We Don’t Believe You!

Bond Markets to the Fed: We Don’t Believe You!

The stock market may steal the headlines, but in many ways its the bond market — be it mortgage-backed securities, government bonds, or corporate debt — that is the real star of the economic...

How the DOMA Ruling Will Affect Gay Couples’ Finances

How the DOMA Ruling Will Affect Gay Couples’ Finances

Yesterday’s historic Supreme Court rulings will have a ripple effect on the lives and futures of gay couples, especially when it comes to their personal finances. The Court’s decision on the Defense of Marriage...

U.S. Unemployment Benefit Applications Fall to 346K

U.S. Unemployment Benefit Applications Fall to 346K

The number of Americans seeking unemployment benefits fell 9,000 to a seasonally adjusted 346,000 last week, evidence that the job market is still improving modestly, despite signs of slower growth. The Labor Department says...

Why Temp Agencies Are Learning to Love the Affordable Care Act

Why Temp Agencies Are Learning to Love the Affordable Care Act

Whatever your opinion of Obamacare, there’s no denying that its full implementation next year presents a major challenge for many businesses across the country. Starting in 2014, firms of more than 50 employees will be required...

U.S. Economy Grows at Slower 1.8% Rate in Q1

U.S. Economy Grows at Slower 1.8% Rate in Q1

The U.S. economy grew at an annual rate of 1.8 percent in the first three months of the year, significantly slower than first thought. The steep revision was mostly because consumers spent less, suggesting...

The Backstory Behind a Hospital Bill

The Backstory Behind a Hospital Bill

In recent months, the Department of Health and Human Services (HHS) has released a massive trove of 2011 Medicare claims data for inpatient and outpatient procedures.  The spreadsheets containing this data include information on...

No, China Is Not Having a Lehman Brothers Moment

No, China Is Not Having a Lehman Brothers Moment

In the midst of a major global stock-market correction following news earlier this week that the U.S. Federal Reserve will likely begin winding down its $85 billion-a-month asset-buying program later this year, investors are...

Unemployment Fell in Half of U.S. States in May

Unemployment Fell in Half of U.S. States in May

Unemployment rates fell in half of U.S. states last month, led by drops in California, West Virginia, New York and Hawaii. The Labor Department said Friday that unemployment rates rose in 17 states and...

Bernanke Says Little, Market Plummets: Welcome to the Post-QE Economy

Bernanke Says Little, Market Plummets: Welcome to the Post-QE Economy

What a strange world we are living in when Ben Bernanke holds a press conference to say that he’s essentially going to do nothing, and the markets go down 200 points. That was the...