Category: Economy

The $600 Billion the IRS Can’t Collect

The $600 Billion the IRS Can’t Collect

Although you wouldn’t know it by the weather, April is fast approaching. And that means in the coming weeks, millions of Americans will be breaking out their W-2s and their favorite tax software to...

Marx’s Revenge: How Class Struggle Is Shaping the World

Marx’s Revenge: How Class Struggle Is Shaping the World

Karl Marx was supposed to be dead and buried. With the collapse of the Soviet Union and China’s Great Leap Forward into capitalism, communism faded into the quaint backdrop of James Bond movies or...

Can the U.S. Dollar Become Almighty Once Again?

Can the U.S. Dollar Become Almighty Once Again?

Financial turmoil in Cyprus, where the parliament rejected a plan an eurozone bailout deal that would have taxed bank deposits, is prompting investors to shift cash from the euro zone to the U.S. That’s boosting...

Average for U.S. Jobless Claims at Fresh 5-Year Low

Average for U.S. Jobless Claims at Fresh 5-Year Low

The number of people seeking U.S. unemployment aid barely changed last week, and the average over the past month fell to a fresh five-year low. The decline in layoffs is helping strengthen the job...

Cyprus: The E.U. ‘Rescue’ That Risks Backfiring

Cyprus: The E.U. ‘Rescue’ That Risks Backfiring

With its $13 billion agreement to bail out Cyprus, the E.U. this weekend thought that it had successfully doused the latest threat to its single currency, the euro. Cyprus has run into trouble because...

The Aussies Behind The Best Airline You’ve Never Flown

The Aussies Behind The Best Airline You’ve Never Flown

James Hogan, Etihad Airways’ president and chief executive officer holds a press conference in Abu Dhabi on February 4, 2013. The fast-growing carrier of Abu Dhabi posted a 200 percent rise in net profit...

Google Glass Will Be Incredible For The Courtroom

Google Glass Will Be Incredible For The Courtroom

ds Last week, I went to the preliminary hearing for Chris Bucchere, a software developer charged with felony vehicular manslaughter; on a workday morning in March 2012, Bucchere struck and killed a 71-year-old pedestrian,...

U.S. Retail Sales Up Solid 1.1% in February

U.S. Retail Sales Up Solid 1.1% in February

Americans spent at the fastest pace in five months in February, boosting retail spending 1.1 percent compared with January. About half the jump reflected higher gas prices, but even excluding gas purchases, retail sales...