All Economy
Looking for a high MPG car this summer? Get in lineToyota, Volkswagon among companies who say demand for fuel-efficient cars may outstrip supply this summer. According to some industry insiders, the demand for so-called "green" cars is already so high that four automakers are dramatically increasing production.
Father's Day: cheap, memorable gifts for DadFather's Day is fast approaching, and the search for the perfect gift well underway. But planning a day together is the best Father's Day gift you can give, and it doesn't have to cost much. Father's Day is question nine in this week's mailbag.
Jamie Dimon to testify on huge JPMorgan Chase lossJamie Dimon will testify before the Senate Banking Committee Wednesday about JPMorgan Chase's $2 billion trading loss. The Jamie Dimon testimony will be a chance for senators to score big political points.
Boost China. Bail out Spain. Save the US?Spain's $125 billion bailout package, combined with heightened stimulus in China,聽 may be key to the US enjoying its own modest economic growth,
What Greece can learn from FinlandDespite being half its size, Finland actually surpassed Greece in first quarter GDP last year. What is Finland doing right, and what is Greece doing wrong?
Joe Paterno's will sealed from the public. Strange move?Joe Paterno's will was permanently sealed from public view as a measure of privacy for the Penn State coach's聽 family. Attorneys call the move to seal Joe Paterno's will 'very strange.'
OPEC may cut oil surplus. Higher prices to follow?OPEC has hinted that it could take measures to reduce an oil glut that has sent barrel prices tumbling. Oil prices fell below $100 a barrel last week, prompting OPEC to take action.- Stock market rescue? Spain's bailout buoys stocks.Stock market in Spain rises 2.5 percent, after Europe announcement of a bailout for its banks. Asia and other European markets also move up, as futures point to a higher open on the US stock market.聽
- Spanish banks to get bailout. Spain left holding the bag.Markets may not be impressed with Europe's latest rescue of Spanish banks, because the bailout will increase the liabilities of the Spanish government by up to 鈧100 billion.聽
Save money with a quicker shower. But how much?A long soak in the shower is a pretty inexpensive treat, but the potential savings from cutting your shower time a few minutes aren't negligible.- Spain's PM hails 100 billion euro lifeline, denies deficit impactPrime Minister Mariano Rajoy applauded the large European loan for Spain's struggling banks, but claimed the money would not add to the country's deficit.
Credit cards: Top 4 tips for retireesCredit cards make sense in retirement, as long as you don't slack off on managing your credit. Seniors who maintain a healthy credit history and high FICO scores will benefit 鈥 not only from low interest rates and better terms on loans, but also from leveraging lucrative credit card sign-up bonuses to earn thousands in free travel, cash back, or other merchandise. The key is to use credit cards responsibly. Here are four tips on how to use your credit cards in retirement:- Toyota Scion FR-S, Subaru BRZ recalled for defects ... in owner's manuals?Toyota, Subaru are recalling an unknown number of Scions and BRZs for incorrect information in their manuals about how the front-seat airbags work. The airbags themselves are not defective.聽
$350 million in Facebook losses?UBS is reportedly sitting on losses that could be as high as $350 million stemming from its investment in the Facebook initial public offering, and is preparing legal action against Nasdaq as a result.
The Supreme Court's unpopularity could help ObamacareThe US Supreme Court is facing growing disdain from the American public, increasing the odds that the majority will uphold constitutionality of President Obama's health care mandate. 聽
Hyundai Accent gets $2,000 price increase for 2013Hyundai Accent also gets more standard equipment, such as satellite radio, CD player, and USB port. But price increase puts 2013 Hyundai Accent in thick of subcompacts vying for market share.- Public-employee pensions face a rollback in Calif.The pensions of public employees have long been considered untouchable. Some politicians are saying those obligations are trumped by the need to provide for the public's health and safety.
- Spain bows to inevitable, will seek bailoutSpain will be fourth euro nation to ask for help. Bailout will be for Spain's troubled banking sector, so no added austerity measures are expected.
The real effect of expiring tax cutsIn deciding the fate of expired and expiring tax cuts, lawmakers should consider the larger problems facing our tax system. That system is needlessly complex, economically harmful, and widely perceived as unfair. And it fails at its most basic task: raising enough money to pay our bills.- 401(k) plan: Is it ever a good idea to make an early withdrawal?401(k) plan has $38,000 and reader has $11,000 in credit card debt. But early withdrawal from 401(k) plan comes with hefty penalties. See question No. 1 in the reader mailbag.
