All Economy
Companies paid CEOs more than they paid in taxesIn all, 26 companies paid their CEOs more in 2011 than they paid in 2011 federal taxes. A new study says聽Citigroup, Abbott Labs, and AT&T, among others, paid CEOs more than they gave to Uncle Sam.
Romney pays at least 13 percent in taxes. Is that low or high?GOP candidate Romney says he's paid at least 13 percent in taxes every year for a decade. In 2011, he made about $21 million. Middle income families, making from $50,000 to $75,000 a year, average 12.8 percent.聽
S&P closes near four-year highStocks rise on positive Cisco earnings and a housing report that points to future growth. Wal-Mart and Facebook shares fall.
More valuable than money or posessionsWith financial stability, often comes a renewed focus on the more important things in life: friends, family, happiness. And in turn, appreciation of these intangibles pushes us to build a a life that can be fulfilling without excess monetarily.
Germany debates plan to pay stay-at-home momsGermany's conservative coalition is pushing to pay moms who stay home to care for children ages 1 to 3. Opposition parties are outraged, calling the plan an antiquated take on family politics.
GE 'Skypump' charges electric cars with wind powerAlmost a year after they officially announced it, GE and vertical axis wind turbine company Urban Green聽Energy have announced the installationsource of the Sanya Skypump,聽a wind-powered charging station capable of recharging an electric car聽on wind energy.
Wal-Mart rethinks overseas strategy, nixes planned storesWal-Mart will slow its growth in China and Brazil in an effort to make current stores more profitable.聽
Debt collectors: Why are they so abusive?Debt collectors have few restrictions and perverse incentives to use extreme measures on debtors. Here are five of the worst abuses by debt collectors.
Tax reform, up close and personalThe District of Columbia Tax Reform Commission sat down recently to tackle one of the biggest issues of our time. Such reform is hard, in large part because the characteristics of a good tax system are inconsistent.聽
Housing construction falls. But permits, optimism rise.Housing market sees 1.1 percent drop in construction of homes, apartments. But building permits for new housing rise to four-year high.
The 'savings glut' question, resurrectedThere had been some discussion about whether bubbles in the US and European markets were caused by a global savings glut in Asia. Stefan Karlsson says no, citing the economic woes in Japan as compared to market health in Australia.
Facebook shares hit new low as lock-up period expiresIt's been a rough run for聽Facebook. After one of the most-anticipated IPOs in history,聽Facebook聽suffered what may be the most-botched public offering as trading glitches marred its first day. It's been almost all downhill for the Menlo Park., Calif., company since then.
Counting sheep? Could mean counting fewer bills in your walletSleep is a wonderful thing. But it also keeps humans rested, and rested humans think more rationally, including when it comes to fiscal matters. Sleeping more can help you stay productive at work and even prevent against those pesky impulse purchases.
William Shatner as 'Negotiator': He's backWilliam Shatner reprises his role as Priceline's Negotiator in a new ad. But can William Shatner save struggling Priceline?
We've become accustomed to its face: Tax cuts and 'My Fair Lady'With the Bush tax cuts set to expire in January, it seems there are far more problems than solutions when it comes to what we should be doing to try to control, and ultimately reverse, the effects of the recession.聽
Politics 101: Don't talk about offsets on the campaign trailExpect the candidates to get looser and looser about the 鈥渇iscally responsible鈥� pieces of their policy proposals. Expect them to spell out only the goodies, not how they would pay for the goodies.
Standard Chartered money-laundering deal: Did New York jump the gun?Standard Chartered Bank will pay $340 million to New York for laundering money to Iran, but by acting before the federal government, the state took an unusual step that could ruffle feathers.聽
Bumbo baby seats: unsafe at any heightThe US has long warned parents not to use Bumbo baby seats on tables. Now, all 4 million Bumbo baby seats are being recalled after reports that they can cause hazardous falls on the floor, too.聽
Mobile pay: Target, Wal-Mart, Best Buy jump on board phone paymentsMobile pay could replace credit cards with phone taps. Now Target, Wal-Mart, and Best Buy have joined together to bring mobile-pay options to their stores.
You can't win them all. And it's okay.Even the most brilliant investors make mistakes sometimes, as evidenced this week by recent moves from聽David Einhorn, one of the most brilliant equity guys in history. When it comes to the market, value traps are inevitable.
