All Economy
Mitt Romney: A warrior for the wealthy?MItt Romney represents an聽unprecedented concentration of wealth and power that鈥檚 undermining our economy and destroying our democracy, Reich writes.
Toyota unplugs electric car hypeToyota decides to scale back its electric minicar plans and scraps plans for a second electric vehicle.聽
Stocks waver as confidence falls in EuropeStocks closed down modestly after opening low and recovering in the afternoon.聽Stocks聽had risen strongly in recent weeks as traders anticipated, then received, help from the Federal Reserve.聽
New home data shows jump in pricesAs of late-July, home prices have increased 4 percent above the level seen in July 2011, according to a home price index by Radar Logic.
Apple iPhone sales fall short, but sales potential intactWhile Apple iPhone 5 sales don't hit target of optimists, it's manufacturing capacity 鈥� not potential sales 鈥� that are the limiting factor, says analyst Brian Marshall. It should take three weeks for Apple to built its 7 millionth iPhone 5.聽
Economists' surprising election-year request: Raise taxes, please!In a survey of economists who work mostly for banks and businesses, a majority said some additional tax revenue is needed, along with spending cuts, to reduce the federal budget deficit.
Salmonella outbreak spurs peanut butter recallSalmonella outbreak in 18 states has possible link to Trader Joe's Valencia Salted Peanut Butter. Trader Joe's issues recall as officials investigate 29 cases in salmonella outbreak.- Euro crisis spurs Italy's 'big baby' boom: grown children living with parentsNew research says that a third of adult Italians 鈥� and more than 60 percent of young adults 鈥� live with their parents. Experts say that hard economic times have exacerbated the cultural phenom.
Toyota plans 21 new hybrids by 2015Toyota's vice chairman聽told reporters in a press conference that Toyota聽was planning to release 21 new or full-model-change hybrids, Read writes.
Chicago Fed index shows weakening economyAn index used by the Chicago Federal Reserve that measures national economic activity declined in August to stand at a very weak -0.87.聽
Pay annually to minimize insurance costsInsurance companies typically offer several different plans for paying one鈥檚 premium, but聽annual payment plans are the best option, Hamm writes.聽- Village Voice cuts ties from sex ad-linked BackpageVillage Voice and all of its affiliated free arts weeklies will be bought by a group of managers. However, the online classified site Backpage.com, whose listings have drawn fire for promoting the illegal sex trade, will be left behind in the Village Voice purchase.聽
Don't splurge for a purse. Here's how.Women have a tough time shopping for purses, and many will overpay for a designer brand.聽 But getting the right purse within your budget can be easy, of you know where to look.
Foxconn: Chinese iPhone factory erupts in violenceFoxconn, which manufactures iPhones and iPads for Apple, halted production at a Chinese factory聽after a brawl by up to 2,000 employees injured 40 people. The fight erupted at a Foxconn dormitory near the iPhone factory.聽
Microsoft launches charity for young peopleMicrosoft says global initiative YouthSpark aims to create education, employment, and entrepreneurship opportunities for 300 million youths. The $500 million philanthropic venture is Microsoft's biggest ever. 聽
Asian stocks, boosted by stimulus, fall on economic outlookAsian stock markets drift lower as concerns rise about global economic weakness. Stock market optimism over stimulus from Fed and other central banks seems to be fading.聽
Smaller car? Bigger insurance claim.Even with the vast improvements in auto safety over the past few decades, smaller cars still lead to significantly more insurance payouts than their larger counterparts.
From the MagazineHow rising food prices are impacting the worldHigh grain costs, caused by severe drought, are hitting dinner tables from Guatemala to China. But the world has learned valuable lessons since the food shocks of 2008. Will it be enough to prevent social unrest?
Unemployed and overlooked: Labor force rate of participation down drasticallySince 2007, 4 million people have left the labor force, in many cases because they have given up looking for jobs. If these 'discouraged jobseekers' were counted in the jobless rate, August's numbers would have been 10.5 percent.
Single family home too pricey? Consider sharing.The typical one family per house living situation isn't for everyone, especially from a financial standpoint. Consider an unconventional setup, like sharing a home with another family or constructing a second home on a plot of land.
