Category: Economy

The Made-Up Numbers Dominating the Immigration Debate

The Made-Up Numbers Dominating the Immigration Debate

The Heritage Foundation made a splash early this week with a report predicting that the current immigration reform bill being debated in the Senate would cost the U.S. government $6.3 trillion dollars in benefits like...

Ben Bernanke, Enabler of America’s Fiscal Dysfunction

Ben Bernanke, Enabler of America’s Fiscal Dysfunction

Federal Reserve chairman Ben Bernanke doesn’t get much respect. PIMCO’s Bill Gross, who oversees some of the country’s biggest bond portfolios, has warned that Bernanke risks rousing inflationary dragons.  NYU professor Nouriel Roubini, who correctly anticipated...

Internet Sales Tax or Not — 5 Ways to Save Money Shopping Online

Internet Sales Tax or Not — 5 Ways to Save Money Shopping Online

In a rare moment of bipartisan collaboration this week, the Senate passed the Marketplace Fairness Act, a bill that brings us one step closer to paying sales tax for online purchases. If it becomes...

U.S. Job Postings Fell in March; Hiring Slowed

U.S. Job Postings Fell in March; Hiring Slowed

U.S. employers posted fewer job openings in March compared with February and slowed overall hiring, underscoring a weak month of job growth. The Labor Department said Tuesday that job openings fell 1.4 percent to...

MPG Rising: When Regulations Drive Up Prices—And Consumers Don’t Mind

MPG Rising: When Regulations Drive Up Prices—And Consumers Don’t Mind

If there’s one thing Americans would seem to hate more than regulations, it’s regulations that directly result in them spending more money out of pocket. So why are so many consumers fans of new...

Jobs Report: Economy Avoids ‘Spring Swoon’ As Unemployment Rate Falls

Jobs Report: Economy Avoids ‘Spring Swoon’ As Unemployment Rate Falls

In recent years, the U.S. economy has performed like a once dominant, but now aging ballplayer. It shows flashes of greatness, but the risk of injury looms large. Last winter, for instance, the job...

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....