Category: Economy

Is The SEC’s Ponzi Crusade Enabling Companies To Cook The Books, Enron-Style?

Is The SEC’s Ponzi Crusade Enabling Companies To Cook The Books, Enron-Style?

Enron. Qwest. Adelphia. Sunbeam. WorldCom.HealthSouth. A decade ago investors knew what those companies had in common: top executives who cooked the books. After their phony accounting was exposed, most went to jail–and hundreds of...

China Reports Slower 3Q Economic Growth, But Pickup May Follow

China Reports Slower 3Q Economic Growth, But Pickup May Follow

As expected, China’s third-quarter GDP growth came in lower than previous quarters, with a 7.4%yearly expansion. That puts the economy on track for its slowest annual growth rate in over a decade. Not the dreaded...

The Unemployment Report Wasn’t Rigged, but It’s Not Accurate, Either

The Unemployment Report Wasn’t Rigged, but It’s Not Accurate, Either

On Oct. 5, the Bureau of Labor Statistics announced that the official unemployment rate had dropped from 8.1% to 7.8% — a surprisingly sharp decline given the slow pace of growth in the U.S....

Who Should Pay More in Taxes?

Who Should Pay More in Taxes?

Perhaps the affluent should pay more income tax, but the middle class will end up footing most of the bill – because that’s where the real money is. The late Louisiana Senator Russell Long...

SoftBank buying 70% stake in Sprint

SoftBank buying 70% stake in Sprint

By Charles Riley @CNNMoneyTechOctober 15, 2012: 9:31 AM ET   Sprint Nextel is the third-largest wireless carrier in the U.S. HONG KONG (CNNMoney) — Sprint Nextel on Monday said that it has agreed to...

There’s no quit in Michael Porter

There’s no quit in Michael Porter

He has influenced more executives – and more nations – than any other business professor on earth. Now, at 65, he and an all-star team aim to rescue the U.S. economy. By Geoff Colvin,...

China Weaponizes Trade and Investment

China Weaponizes Trade and Investment

Chinese Vice Minister of Foreign Affairs Dai Bingguo. (Photo credit: Wikipedia) On Tuesday, State Councilor Dai Bingguo and Foreign Minister Yang Jiechi attended the inaugural meeting in Beijing of the Foreign Ministry’s Department of...

The Best Times to Buy or Sell a House

The Best Times to Buy or Sell a House

The housing market, a reliable bellwether of the economy, seems to be bouncing back. Many of the nation’s largest home builders surprised analysts by reporting a profit in the quarter that just ended. Home...

Amazon Confirms It Makes No Profit On Kindles

Amazon Confirms It Makes No Profit On Kindles

In an interview with the BBC on Wednesday, Jeff Bezos admitted that Amazon sells the Kindle Paperwhite and Kindle Fire HD at cost, making the company literally no profit on the devices. “We sell the hardware at our...

Workday IPO Pops 72% On Open

Workday IPO Pops 72% On Open

Workday soared on its open in early trading Friday morning, opening at $48.05 per share, or 71.6%, from its pricing last night. The stock was recently trading at $48.02 on the New York Stock Exchange. The...