All Economy
Another weak jobs report: Will the Fed reconsider tapping brakes on stimulus?The US economy picked up only 113,000 new jobs in January, a subpar showing for the second month in a row. That boosts the likelihood the Fed will stop dialing back its stimulus spigot, analysts say.
Why widening inequality is hobbling equal opportunityIn a war of words, is the US best served by focusing on income inequality or equality of opportunity? Robert Reich argues that income inequality is limiting opportunity and helping to grow poverty across the country.
CBO: Individual income tax will fund half of federal revenueThe US government is expected to increasingly rely on the individual income tax as a revenue source, according to the Congressional Budget Office, funding about half of federal spending a decade from now.
Jobs scarce, college grads go into business for themselvesThe US saw yet another lackluster jobs report in January, with the economy adding 113,000 jobs when 185,000 were expected. Faced with a high unemployment rate and even higher student debt, the youngest group of adults don't appear overly discouraged. Instead, they're becoming more inventive.聽
560-hp Beetle to race in rally crossVW enters a 560-hp Beetle to race in the Global RallyCross Championship later this year. Turbocharged and direct-injected four-cylinder engine will power the more than 560-hp Beetle, which will come with all-wheel drive.
Subway chemical, also in yoga mats, removed from sandwich breadSubway chemical used as a bleaching agent in the company鈥檚 sandwich bread will be removed, a week after a petition organized by a popular food blogger called for its removal. The Subway chemical is a plastic additive also found in shoe rubber and yoga mats.聽
France's favorite food? Burgers.One of every two sandwiches sold in France is a burger. In 2001 it was one in nine; by 2007 it was one in seven. The French eat an average of 14 hamburgers a year, putting them behind only the British, who eat 17 each a year, among European markets.
Credit card protection: What will the future look like?Credit card protection is an important topic lately, with retailers like Target and Neiman Marcus experiencing massive security breaches and compromising millions of customers' personal data. Is credit card protection becoming more difficult?聽
Farm bill's new SNAP incentive: Don't celebrate just yetSome local food advocates are applauding聽the new Food Insecurity Nutrition Incentive program in the finally-passed farm bill, but a closer look reveals the celebration may be premature at best.
Stradivarius arrests: $5 million violin recoveredStradivarius arrests: Milwaukee police say they have recovered a rare violin stolen from a concertmaster last month. Three arrests have been made in connection to the Stradivarius theft.聽
Stock market jitters: After last year's record run, are you surprised?Stock market indices are down so far this year, and some analysts see both stocks and bonds as overvalued, while others look to the Fed's 'taper' and the pressures on emerging markets.
IHS: Global green car volume to rise 67 percentConsumers considering a switch from traditional gas-powered cars to electric and hybrid models may have a larger selection from which to choose. IHS Automotive said it's thanks to a mix of tighter emission standards and lower manufacturing costs.
Expanding the EITC for childless adultsThe American Earned Income Tax Credit can reduce poverty rates among families with children. Expanding that benefit -- with some changes-- could help qualifying adults without children of their own, as well.
ADP: Private employers added 175,000 new jobs in JanuaryADP reported that the bulk of job growth in the U.S. last month came from small- and medium-sized employers -- companies with fewer than 500 workers.
Cars that 'talk' could make driving saferCars that can communicate may sound like science fiction, but "vehicle-to-vehicle systems" could become a safety feature in automobiles sold in the U.S. Now the National Highway Traffic Safety Administration says it could require automakers to implement the technology in the next few years.
Puerto Rico downgraded: Bonds reduced to 'junk' levelsPuerto Rico credit rating was dpwngraded to 'junk' status, prompting Governor Padilla to order budget cuts for government agencies. News of Puerto Rico's credit being downgraded caused its yields on the S&P 500 to rise Wednesday.
Salt shortage hits winter-stricken OhioSalt shortage in Ohio has been brought on by a snowy winter, but the state may get some help soon in alleviating its salt shortage .- CVS tobacco ban: Why it's sacrificing $2 billion in salesCVS tobacco ban: CVS, the second-largest drugstore chain in the US, says it will stop selling cigarettes, cigars and chewing tobacco by Oct. 1. Why is CVS willing to give up on $2 billion in annual tobacco revenue?
Morgan Stanley lawsuit settled for $1.25 billionMorgan Stanley lawsuit聽over mortgage securities with the Federal Housing Finance Agency was settled for $1.25 billion, the company said Tuesday. The Morgan Stanley lawsuit was part of a larger one in which聽the government sued 18 financial firms for selling mortgage securities that turned toxic when the housing market collapsed.- Super Bowl refund: Alabama jeweler refunds $70K after Super BowlThe shocking Super Bowl safety scored about $70,000 in refunds for Alabama聽jewelry customers. A shop owner promised a cash refund on jewelry purchases if either team scored a safety.聽
