Category: Economy

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...

Forget ‘Buy American’? U.S. Retailers Push an ‘Imports Work’ Campaign

Forget ‘Buy American’? U.S. Retailers Push an ‘Imports Work’ Campaign

Wanna support American workers? Buy imports. So says a new report, which claims that a cheap, robust imports marketplace not only helps American workers and families, but local farmers, manufacturers, and small businesses as...

Elizabeth Warren: Students Should Get the Same Rate as the Bankers

Elizabeth Warren: Students Should Get the Same Rate as the Bankers

Consumer protection maven Sen. Elizabeth Warren, D-Mass., introduced her first piece of legislation this week, a proposal that would allow students to take out government educational loans at the same rate that big banks...

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...