All Economy
Will Republicans avert the fiscal cliff? Don't bet on it.Despite public opinion running against the GOP, House Republicans are looking less interested in avoiding the fiscal cliff, Reich writes.- Wait! Government did cause the housing bubble.Congress's Community Reinvestment Act, aimed at helping the poor afford housing, did lead banks to make much riskier mortgage loans, a new study finds.聽
- Madoff prison letter: Beware 'dark pools' on Wall StreetMadoff prison letter warns of lack of transparency in the markets from 'dark pools,' where institutions buy and sell privately outside stock exchanges. Hedge funds' push into riskier ventures also comes under fire in Madoff prison letter.
鈥楩iscal cliff鈥: Will Wall Street light a fire under Congress?So far at least, many on Wall Street seem to think that no matter what happens over the next few days with the fiscal cliff, Congress will still come through early in the new year.- A business plan? Start-ups need something else.A business plan is great once entrepreneurs have tested the market and know what they're going to sell. But for starters, they really need to model their business.
- It's over, bond vigilantesFour years after wrongly predicting doom because of the fiscal stimulus, some naysayers are still unrepentant 鈥 and wrong.
Japan's new inflationary strategy: wrong targetThe cause of Japan's deflation isn't monetary, it's demographic. Inflationary policy won't work in the long term.
More than a turnaround, Toyota sees record-breaking sales in 2013Despite the Japanese earthquake and tsunami which interrupted production in 2011, and massive safety-related recalls this year, Toyota Motor Corp. expects to finish 2012 with 9.7 million vehicle sales, more than ever before.- Best value cars? Hybrids.Prius replaces Honda Fit as best value car, according to Consumer Reports. Although hybrids cost more, they're cheaper to operate.聽Prius costs owners 49 cents per mile, half the average for gasoline-only cars.
Baby recliner recall involves 150,000 unitsBaby recliner recall: Models from Nap Nanny Generations One and Two and Chill baby recliners had defective design, CPSC says. Four retailers agree to baby recliner recall.聽- Fiscal cliff? Here are ways to cushion your fall.Higher taxes and federal spending cuts would begin to hit all Americans Jan. 1. Here are ways to cope with the 'fiscal cliff.'
Toyota agrees to $1 billion settlementToyota Motor Corp has offered to settle its聽acceleration case with a payment of more than聽$1 billion.- Worst fiscal policy ideas of 2012TaxVox's Lump of Coal Awards covers a broad swath of fiscal policy missteps for the year.
Mattel and Hasbro 'terrified': Do kids want gadgets more than toys?Mattel and Hasbro terrified that kids will want toys less next year, according to reports. Hot toys did well this Christmas, but retailers in general saw less growth than expected.- Three predictions for 2013Investors'聽moves to ETFs, emerging market debt, and the next generation of high-tech startups are three themes for the new year.
- Why are US firms going 'green': CEOs or customers?The number of large US corporations with a climate, energy strategy has soared in the past five years, a new survey says. Customers, employees are the two major forces pushing change.
- Is US headed to 'A Wonderful Life' 鈥 or Pottersville?America's better off now than when Frank Capra filmed 'It's a Wonderful Life.' But today, the 'Potters' of this world call themselves 'job creators' and brand George Baileys as socialists.聽
Discouraged after making resolutions? Four steps to success.After the initial enthusiasm of a new resolution fades, most people give up. Here's how to keep going.
Welfare. Old elephants. And the entitlement cliff.Welfare states depend on growth to fuel their spending. But when growth slows to a crawl....- Fiscal cliff debate: It's not just the politics that are weirdIn trying to reach a compromise on the 'fiscal cliff,' Democrats and Republicans seem determined to protect millions of high-income people from paying more taxes. But the working class could easily end up paying more.
