Category: Economy

U.S. Retail Sales Up 0.5 Percent in December

U.S. Retail Sales Up 0.5 Percent in December

U.S. consumers increased their spending at retail businesses in December, buying more autos, furniture and clothing. The solid gain was evidence that consumers kept spending despite a tense debate in Congress over tax increases....

Are State-Owned Banks the Antidote to the Too-Big-To-Fail Epidemic?

Are State-Owned Banks the Antidote to the Too-Big-To-Fail Epidemic?

The American Great Plains are known for their expansive farm lands, endless horizons, and — in recent history — staunchly conservative politics. So it may come as a surprise that only state-owned bank in...

NBA Teams Struggle to Fill Arenas, Even When ‘Cheap Seats’ Are $1 – or Free

NBA Teams Struggle to Fill Arenas, Even When ‘Cheap Seats’ Are $1 – or Free

If you’re in the market for a quiet evening on the town with minimal excitement and lots of room to relax and spread out, an NBA game in Detroit or Charlotte might be just...

Offshore Wind: Enormous Potential, Huge Challenges

Offshore Wind: Enormous Potential, Huge Challenges

Photo: Blade Dynamics Last month I visited the Wind Technology Testing Center in Charlestown, MA, just outside ofBoston.  With me were executives from American Superconductor (AMSC) and Blade Dynamics (BD).  They were in Charlestown...

Windows Phone On Course To Sell One Million Handsets Per Week

Windows Phone On Course To Sell One Million Handsets Per Week

  Microsoft CEO Steve Ballmer (Image credit: Getty Images via @daylife) While we don’t have any solid numbers on Windows Phone sales during Q4, we do have two data points courtesy of Steve Ballmer...

Beyond Voice Recognition: It’s The Age Of Intelligent Systems

Beyond Voice Recognition: It’s The Age Of Intelligent Systems

Vlad Sejnoha For many people, 2012 was the year when it became “normal” to use your voice to control your phone, car, computer and even your TV. This happened thanks to some remarkable advances...

British Brand Lyonheart Proves There Is Something Wrong With The Car Industry

British Brand Lyonheart Proves There Is Something Wrong With The Car Industry

Lyonheart K Coupe The Lyonheart K Coupe Lyonheart’s design philosophy is to use only genuine materials – leather, veneer, polished stainless steel, brushed aluminium and chrome. There’s something wrong with the auto industry, and...

187,000 Lb. of Marijuana Annually? Legal Pot Business to Bloom in Washington

187,000 Lb. of Marijuana Annually? Legal Pot Business to Bloom in Washington

Voters in Colorado and Washington recently approved the legalization of marijuana for recreational — not “medical” — purposes. But this hardly means that the business of growing and dispensing of pot will be all...

U.S. Economy Adds 155,000 Jobs in December; Can We Expect a Better Labor Market in 2013?

U.S. Economy Adds 155,000 Jobs in December; Can We Expect a Better Labor Market in 2013?

With the Labor Department’s announcement today that the U.S. economy added 155,000 jobs in December and that the unemployment rate held steady at 7.8%, one comes to a depressing realization: the average monthly job...

America’s Other Energy Revolution And Why It Matters

America’s Other Energy Revolution And Why It Matters

If you believe in the benefits of energy innovation, support national security or consider climate change to be a non-negligible threat to our planet, you need to stop listening to Al Gore and start...