Category: Economy

Move Over, Michigan, China Is The World’s Next Rust Belt

Move Over, Michigan, China Is The World’s Next Rust Belt

    Police cordon off a road near Foxconn’s plant in Taiyuan, China, in September after a brawl by as many as 2,000 employees injured 40 people. Labor issues are among the many factors...

Unemployment Aid Applications Drop to 370K

Unemployment Aid Applications Drop to 370K

The number of people seeking U.S. unemployment aid fell sharply last week as a temporary spike caused by Superstorm Sandy has faded. Weekly applications have fallen back to a level consistent with modest hiring....

Why Job Growth Is Overrated

Why Job Growth Is Overrated

  Believe it or not, I’m for fewer jobs, not more. Throughout 2012 we heard politicians and pundits of all stripes yammering endlessly on the need for job growth—that we don’t have enough jobs....

How Congress Could Cut The Charitable Deduction Without Hurting Philanthropy

How Congress Could Cut The Charitable Deduction Without Hurting Philanthropy

Howard Gleckman, Contributor       Photo credit: Wikipedia If income tax deductions are capped or limited—ideas that often come up in the debate over both the fiscal cliff and long-run tax reform—the biggest losers...

Greece In Default Once Again On Troika-Imposed Bond Buyback, S&P Says

Greece In Default Once Again On Troika-Imposed Bond Buyback, S&P Says

      Greece is in default once again – Image credit: AFP via @daylife And so it happened.  Greece is once again in selective default, at least according to Standard & Poor’s.  The...

Dollar Menu Double Down: McDonald’s Pumps Up $1 Selections

Dollar Menu Double Down: McDonald’s Pumps Up $1 Selections

It was only in March that McDonald’s revamped its Dollar Menu, removing fries and drinks for a buck with the hopes of getting diners to drop more money on each visit. Now, amid struggling...

Libor Scandal Extended To UBS: Bank Reportedly Near $450M Settlement With Regulators         (Photo credit: Wikipedia) Swiss bank UBS is reportedly near a settlement with American and British regulators over interest-rate...

Chinese Stocks Tank As Economy Recovers. What Gives?

Chinese Stocks Tank As Economy Recovers. What Gives?

      This photo taken on October 17, 2012 shows Chinese characters on a pillar warning people to be cautious when playing the stock market at a securities brokerage in Shanghai. (Image credit:...

Planning for Success in a Tough Economy

Planning for Success in a Tough Economy

With the economy mired in the slowest recovery of the post-World War II era, conserving your resources while planning for growth remains an essential part of the small business playbook. Cost-cutting is always one...

Congress Looks at Doing Away With the $1 Bill

Congress Looks at Doing Away With the $1 Bill

American consumers have shown about as much appetite for the $1 coin as kids do their spinach. They may not know what’s best for them either. Congressional auditors say doing away with dollar bills...