All Economy
The biggest fraud in economics is ... economics?What鈥檚 the point of having an economy, asks Bill Bonner? It makes no sense to waste trillions of dollars鈥� worth of resources just to 鈥減rotect the economy,鈥� he says. The whole point of an economy is to create more stuff, not to waste it.
Louis C.K.: Comic ditches Ticketmaster, sells $4.5M in ticketsLouis C.K. is selling every seat in every city for his upcoming standup comedy tour for a $45 flat rate, including sales tax. Tickets are only available through his website. It's been three days, and Louis C.K.'s tour is all but sold out. Is he changing the way we buy entertainment?
Philadelphia Mint reveals how it makes 12 pennies per secondPhiladelphia Mint reopens to the public with a $3.9 million self-guided tour. This was the first update to the Philadelphia Mint聽tour since 1969.
Safety in numbers? Turns out there's savings, too.When planning the next big family vacation, look for ways to take advantage of the size of the group to save money per-person on lodging costs and meals, while increasing the fun social aspect of the endeavor.
Pending home sales show signs of life, finallyThe National Association of Realtor's chief economist Lawrence Yun suggests that 2012 is shaping up to be a "superior" year with sales projected as being up 10 percent overall for the year.
Regarding that alleged 'near-death' of equitiesInteresting data from a recent report on the saving and investing habits of investors shows that yes, stock fund purchasing is down, but the typical plan account is still majority equities.聽 And also, it's never just that simple.
Microsoft fine, $1.1B, upheld in antitrust suitMicrosoft fine costing $1.1 billion was upheld, resulting in the largest fine ever from a single antitrust case in Europe. The Microsoft fine was levied by the European Commission's antitrust suit.
Oil prices fall ahead of eurozone meetingOil prices dropped to near $80 a barrel Thursday as markets awaited a meeting between Europe's leaders menat聽 to find solution's to the region's debt crisis. Benchmark oil prices were down 17 cents to $80.04 per barrel.
T-Mobile CEO quits amid falling revenuesT-Mobile CEO Phillipp Humm resigned Wednesday as the company continued to struggle to compete in the mobile industry. Humm had been serving as T-Mobile CEO since November 2010.
The Supreme Court will uphold Obamacare. Here's why.The Supreme Court can't let the public's already shaky opinion of it get any worse. If Obamacare isn't upheld, it's further evidence that the court decides according to partisan politics, rather than legal principle.
New? No thanks! 14 things you should always buy usedWould you like to be $5,000 to $50,000 richer by this time next year? It might be as simple as thinking "pre-owned" rather than new. Here's a list of things you should never buy new -- see if you can add to it.
Myth busters: Consumer Reports takes on alleged gas-saving tipsConsumer Reports lists several myths that have been rumored to improve gas mileage but which don't really make much of a difference in modern cars. From gas quality to tire track preferences, consider these myths busted.
Stocks rise on stronger US housing, factory dataA rare double dose of good news about the US economy sent stocks surging up Wednesday. The Dow Jones industrial average rose 92 points, contributing to a closing bell tally of 12,627, despite continued fears about the eurozone crisis.
Gas prices poised to drop below $3 a gallon, as Fourth of July holiday nearsGas prices in South Carolina are already at $2.98 a gallon, while the national average on Wednesday was $3.38. A decade-high number of travelers could hit the road for the Fourth of July holiday.
Challenge accepted: Try keeping your weekends money-freeNot sure how to start? Introduce yourself to your neighbors. Write a letter to an old friend. Walk through your house and take care of any maintenance tasks you see. Make a loaf of homemade bread or a batch of laundry detergent.
Anthony Davis eyebrows and 5 weird pro sports trademarks Anthony Davis, the presumed first overall pick of the 2012 NBA Draft, has trademarked his famed unibrow and phrases like "Fear the brow" and "raise the brow." 2012 has been a big year for sports trademarks. Here are 5 of the best.
Debbie Downers: The Street's day traders languish in slow marketThey say never short a dull market. Joshua Brown never obsesses over one either. His team's not forcing any trades or making moves just for the sake of making moves. They're spending time on administrative stuff, client work and lots of research.
Home sales index rises in May, up 13.3 percent from 2011Home sales data recently released by the National Association of Realtors showed that its index of sales agreements rose in May, up 13.3 percent from 2011. The trend matches the fastest pace for the index in two years.
Race against time: Eastern Europe growing old before rich?With the labor force soon starting to shrink dramatically because of the lagged effect of the collapse of birth rates in the early 1990s, Stefan Karlsson believes that most, if not all, Eastern European countries will grow old before they grow rich.
Student loans deal nears, but cost worries lingerStudent loans are being debated by Congress this week and students and college administrators still have concerns over skyrocketing college costs. Any changes in student loans would have the greatest impact the neediest students, administrators say.
