All Economy
Keeping perspective: Taxes do not always drive the economyThe presidential campaign would like Americans to think the very fate of the country rests on what happens to the Bush tax cuts. But the Congressional Budget Office reminds us there is actually a lot more going on in the economy besides taxes.
Regressives and Progressives: A new brand of partisanshipThis election is not merely about Republicans versus Democrats; the larger battle is between regressives and progressives. Regressives want to take this nation backward, progressives are determined to take this nation forward.
Wells Fargo to pay $175M in discrimination lawsuitWells聽Fargo allegedly engaged in a pattern or practice of discrimination against qualified African-American and Hispanic borrowers from 2004 through 2009. Wells Fargo will pay $125 million in compensation for borrowers who were steered into subprime mortgages or who paid higher fees and rates than white borrowers because of their race or national origin
Isuzu SUVs recalled for corrosion include 11,000 cars. Are you affected?Isuzu SUVs are recall affects certain models of the Amigo and Rodeo Sport SUVs manufactured between 1998 and 2002, owned in states where salt is used to clear roads. In these regions, corrosion may have damaged brackets in Isuzu SUVs that connect the rear of the vehicle to the frame.
Extended unemployment numbers show further slight declinesToday鈥檚 jobless claims report showed a decline to both initial and continued unemployment claims with seasonally adjusted initial claims remaining below the 400K level. Seasonally adjusted 鈥渋nitial鈥� claims declined to 350,000.
Second quarter predictions continue to decrease as stocks fallAs stocks continue their decline, market analysts have revised Q2 estimates slowly but steadily downward for almost the entire spectrum of S&P sectors all spring and summer long. Not a lot of good news here, not that the Reformed Broker is surprised.
Jobless claims plunge to a 4-year low. Good sign?Jobless claims dropped by 26,000 last week, hitting the lowest level seen since March 2008. But experts expect the steep drop in jobless claims to even out in the coming weeks.
Jamie Dimon: 4 questions for CEO as bank earnings loomJamie Dimon and JPMorgan Chase will be center stage as the bank reports its quarterly earnings Friday. Four questions for Jamie Dimon and JPMorgan's other top executives.
Paul Krugman versus Paul KrugmanPaul Krugman of the 1970s argued that devaluations are usually contractionary. Ironically, this conclusion puts him at odds with Paul Krugman of the last 20 years, who thinks devaluations are the one true key to prosperity.
Get out of town: the world's 10 best-reviewed hotelsThe world's 10 best hotels according to Expedia range from a boutique in Slovakia to a chain in Nebraska. Only 4 of the world's 10 best hotels are in the US, in cities you might not expect.
Mortgage rates fall to 3.71 percent, hit yet another record lowMortgage rates with a 30-year fixed interest rate declined to 3.71% since last week while the purchase application volume increased 3.0% and the refinance application volume declined 3.0% over the same period. last week's disappointing jobs report pushed mortgage rates to their 10th record low in 12 weeks.
Stocks close lower for fifth day straightIt was the fifth straight day of losses for both the Dow and S&P. That's the worst stretch for both since a six-day losing streak in May. With the US economy sluggish, there was little for investors to hold on to as the Dow closed down 48 points at 12,604.
Debate on reserve fractional banking devolves into public squabbleRon Paul showed how he is open to debate by having both Professor Joseph Salerno and Professor Larry White testify before his sub-committee聽on the subject of fractional reserve banking. But a perceived bias towards Salerno prompted a rebuke by George Selgin.
How to 'contain the depression?' More credit, economists claimBill Bonner is not too pleased with economists right now. In his latest post he claims that as a result of their conceits and delusions, trillions of dollars have been clipped from the world鈥檚 GDP, billions of people are poorer and their lives shorter.
DirecTV, Viacom dispute darkens 26 cable channelsDirecTV has dropped 26 channels for nearly 20 million subscribers, who have lost access to Nickelodeon, Comedy Central, and other networks owned by Viacom, as financial negotiations between the two parties reached an impasse Tuesday. Viacom said DirecTV dropped the channels without any warning, while DirecTV countered that its hand was forced by Viacom.
Eating before grocery shopping cuts down on impulse buysOne of the biggest unnecessary costs when it comes to the grocery store is impulse buying. Cut down on this problem by always making sure to shop after you've eaten, this way avoiding delicious but unnecessary temptations, and saving you money.
Virgin Galactic: Branson eyes 2013 launch for private space travelVirgin Galactic has 529 paid passengers so far, according to billionaire Richard Branson. The tycoon is planning on bringing his kids on the planned Virgin Galactic spaceflight.
Chevrolet Malibu Eco: most hated car of the year?Chevrolet Malibu Eco has gotten a lukewarm reception from critics so far this year, due to unimpressive gas mileage and a less than competitive price tag . But if buyers don't love the Chevrolet Malibu Eco, they can return it under Chevy's money back guarantee.
Top 5 states for business in 2012 These five states were the best places to do business in 2012, a year where states' financial fortunes finally saw improvement. Can you guess which state was number one?
Too much too soon? Hong Kong may be experiencing housing bubbleAccording to newly released figures, in April, the price of residential properties increased over 3% since March and climbed 7.11% above the level seen in April 2011, leaving some analysts wondering if the region might be experiencing a bubble.
