Category: Economy

Court Decision Gives Lenders A Headache, Borrowers An Ace In The Hole

Court Decision Gives Lenders A Headache, Borrowers An Ace In The Hole

Or not. (Photo credit: Philip Taylor PT) A recent decision by the Third Circuit Court of Appeals gives borrowers an indefinite period to rescind their home-equity loans, complicating life for lenders and setting up...

How Healthcare Expenses Cost Us Saturday Postal Delivery

How Healthcare Expenses Cost Us Saturday Postal Delivery

Wednesday’s announcement that the United States Postal Service would halt Saturday delivery to help fix its financial mess sounded like a good move for the deficit-laden agency. After all, Postmaster General Patrick Donahoe says...

A Guide to Sequestration, the Bad Budget Policy We May Not Be Able to Avoid

A Guide to Sequestration, the Bad Budget Policy We May Not Be Able to Avoid

Of all the budget fights over the past several years, the sequester is the most emblematic of modern Washington. That is not a compliment. Its distant relatives — the government-shutdown fight and the debt...

Should Sports Arenas Buy Back Tickets That Fans Don’t Want?

Should Sports Arenas Buy Back Tickets That Fans Don’t Want?

Given the number of empty seats on display during the typical pro sports event, arenas seem to be having a pretty tough time selling tickets. Still, one economist says arena box offices should consider...

The Federal Government’s $128 Trillion Stockpile: The Answer to Our Debt Problems?

The Federal Government’s $128 Trillion Stockpile: The Answer to Our Debt Problems?

The debate over federal government deficits and debt has consumed Washington for some time, but the arguments for the most part have focused on taxes and spending. One aspect, however, of the debate of American...

Has the Banking Industry Really Been Fixed?

Has the Banking Industry Really Been Fixed?

The biggest economic puzzle of the past few years is why the recovery has remained so weak. The underlying cause of the 2007-2009 recession was the bursting of the real estate bubble. But it...

U.S. Economy Adds 157,000 Jobs; Revisions in Data Show a Stronger Labor Market

U.S. Economy Adds 157,000 Jobs; Revisions in Data Show a Stronger Labor Market

The labor market continued its dogged march forward in January, with the federal government announcing that the U.S. economy added 157,000 jobs in January, and that the unemployment rate basically held steady at 7.9%....

Why the Elites Are Losing Sleep

Why the Elites Are Losing Sleep

Who says nothing gets done at the World Economic Forum in Davos, Switzerland? As the weeklong winter fest, which costs tens of thousands of dollars to attend, has grown over the past decade, it...

It’s Freebie Season: Now’s the Time for Free Coffee, Free Pancakes, Free Pizza, Free Ice Cream

It’s Freebie Season: Now’s the Time for Free Coffee, Free Pancakes, Free Pizza, Free Ice Cream

In what’s become an annual trend, the beginning of every year is marked by a flood of fast-food discounts, followed by national giveaway days when consumers can scoop up pancakes, bagels, ice cream and...

The Great Central-Banking Experiment: Will Unlimited Cash Solve Problems or Cause Them?

The Great Central-Banking Experiment: Will Unlimited Cash Solve Problems or Cause Them?

The Bank of Japan folded as easily as a hot slice of New York pizza. After a few weeks of pounding by newly installed Prime Minister Shinzo Abe, the BOJ’s (officially independent) managers capitulated...