All Economy
- Retirement cuts? American backs off threat.Retirement pay for workers will be frozen, as bankrupt American Airlines backs off threat to terminate pension plans. The freezing of retirement plans will affect flight attendants and ground workers, not pilots.
- ADP Report: Private employers added 216,000 jobsADP聽released the聽latest installment of their National Employment Report, indicating that the situation for private employment in the U.S. improved in February as private employers added 216,000 jobs in the month.聽
- Greek default? It's already happening, debt deal or not.Greek debt swap may not be a default technically speaking, but it's still a default. Holders of Greek debt and Greece's citizens are feeling its pinch.
- 30-year mortgage rate at 3.96 percentThe latest data is showing that the average rate for a 30 year fixed rate mortgage went flat at 3.96% since last week while the purchase application volume increased 2.1% and the refinance application declined 2.0% over the same period.
- Eric Holder: Corporate fraud criminal cases coming soonEric Holder, the US attorney general, says his federal department continues to pursue individuals involved in corporate fraud. Eric Holder told states attorneys general fines alone aren't working.
- A counterweight to foreclosure crisis: community land trusts?As home foreclosures put a drag on the US economy, 250 community land trusts across the US use one-time taxpayer subsidies to help low-income homebuyers and stabilize communities.
- How to make your own baby wipesCreating your own baby wipes is easier (and more cost-effective) than you might think.聽
- Greece's debt: What happens if deal fails?Greece debt default looms if 75 percent of debt-holders don't go along with the negotiated restructuring plan. Even so, market reaction to a disorderly default on Greece's debt could be minimal.
- Delinquent home loans increaseIn January, 3.08 percent of non-credit enhanced loans went seriously delinquent.
- Two good books on tax reformIf you want a good read on individual or corporate tax refprm, pick up one of these new titles.
- Stock market takes a dive, ending 2012 rallyStock market suffered its biggest losses of the year Tuesday amid worries about the global economy and Greece. The Dow fell 203 points to close at at 12759 in its biggest drop since November.
- Mortgage refinance package to lower fees for 3 million homesObama's mortgage refinance package could save certain homeowners $1,000 a year. This mortgage refinance package, announced Tuesday,聽targets up to 3 million Americans.
- Rush Limbaugh: If ad boycott expands, can he survive?Rush Limbaugh's inappropriate comments about a law student has caused at least 19 companies to pull their ads from his show. But his on-air survival probably depends on whether his listeners leave. 聽
- Stanford found guilty in $7 billion Ponzi schemeThe Texas financier was convicted Tuesday on 13 counts of fraud and other charges.
- Cloth diapers: worth the money and the messCloth diapers aren't as messy and time consuming as you think, and they're worlds cheaper (not to mention better for the planet) than disposable.
- In powerhouse Germany, salaries for women lag behindAccording to an OECD report published this week, women working full-time in Germany make 21.6 percent less than men and hold substantially fewer top business positions.聽
- Why Obama's recovery won't match up to Reagan'sGrowth was consistently much higher during the Reagan recovery than in the Obama recovery but exceeded it by a lot more during the phase when government spending increased equally than when spending rose in the Reagan recovery compared to the Obama recovery.
- Construction spending perks upOn a month-to-month basis, total residential spending increased 1.78 percent from December and rose 6.73 percent above the level seen in January 2011.
- Oreo cookie turns 100, celebrates with sprinklesOreo cookie turns 100 today, celebrating a century as the top-selling cookie in America. Nabisco has launched a limited edition "Birthday Cake" Oreo cookie in honor of the centennial.
- Raising revenue at elite public universitiesCould public universities boost their endowments if it admitted more four-year students and fewer transfer students?