All Economy
- No Democrat should want a Gingrich nominationThe future of America is too important to accept even a small risk of a Gingrich presidency.
- AT&T posts huge loss on charges, iPhone subsidyAT&T lost $6.7 billion in the fourth quarter, its first lost in three years. AT&T remains heavily dependent on iPhone for subscribers.
- 30-year mortgage rate rises for first time in 201230-year mortgage rate climbes to an average 3.98 percent. Last week, the average 30-year mortgage rate stood at a record low 3.88 percent.
- Netflix CEO forecasts steady decline in DVD subscribersNetflix will focus its energy on streaming video and unique content, Netflix CEO Reed Hastings said this week.聽
- Cover StoryWind power: Clean energy, dirty business?In the developing world, where land-intensive wind turbines are being rapidly constructed, wind power has often turned clean energy into dirty business.
- China's economy may surpass US before 2020China's economy is now nearly half as big as the U.S. economy. Its economic growth figures suggest that China could become bigger sooner than previously thought.
- 15 percent or not, tax policy favors the richMitt Romney hasn't done anything wrong in paying a low tax rate. What鈥檚 wrong is the tax system itself鈥攂y favoring investment income, the excessive use of pass-throughs, and subsidizing debt financing.
- Deep-water oil drilling: why Obama is OK with angering left and rightNeither the oil industry nor environmentalists are pleased with President Obama's new deep-water oil drilling plan. But in an election year, that might be a safe position politically.
- Stocks lowered by mixed economic data聽A brief morning rally pushed the Dow Jones industrial average above its highest closing price since the financial crisis, the Dow closed down 22 points at 12734.聽
- Obama car for sale: Only 20,800 miles. $1 million.Obama car goes up for sale on eBay by anonymous owner. While senator, Obama leased a gray Chrysler 300C. The book value is $16,500. The minimum bid: $1 million.
- Is lower consumer demand actually a problem?鈥楧emand fear鈥 is the worry that there aren鈥檛 enough people who want things and have the money to pay for them. But why not be satisfied with the demand as it is?
- Taco Bell breakfast debuts; some stores open 24 hoursTaco Bell breakfast is here. The Mexican-style fast-food chain that caters to the late-night snacking crowd with聽tacos聽and gorditas, introduced a Taco Bell breakfast menu Thursday at almost 800 restaurants in 14 states.
- Was Lincoln's quote about government hypocritical?Toward the end of his State of the Union speech, President Obama quoted Abraham Lincoln: "government should do for people only what they cannot do better by themselves, and no more.鈥 But Lincoln was among history's most aggressive expanders of the reach of the federal government.
- Davos meeting: Gloomy about economy, worried about capitalismThe annual World Economic Forum in Davos, Switzerland, will discuss not only the Europe's debt woes but also the future of capitalism. Even some billionaires in Davos are worried about income inequality.
- Unemployment claims increase this weekSeasonally adjusted 鈥渋nitial鈥 unemployment increased 21,000 to 377,000 claims from last week, while seasonally adjusted 鈥渃ontinued鈥 claims increased by 88,000.
- With Indiana 'right to work' vote, a GOP thumb in the eye to unionsThe Indiana House approved a 'right to work' bill late Tuesday, taking the state a giant step closer to ruling out mandatory dues for workers at union workplaces. Indiana would be the first 'right to work' state in the upper Midwest.
- Can better urban planning make us healthier?Does urban sprawl cause obesity and unhealthy habits?
- America owes $10 trillion! No, $50 trillion! Let me explain.Estimates of America's debt vary by tens of trillions of dollars, depending on how you count. The bottom line: It's deep but not yet fatal.聽
- Right to work gets first foothold in Rust BeltRight to work legislation finally passes House in Indiana. Governor is expected to sign law, which bans labor contracts that force workers to pay union fees.聽
- JCPenney: lower everyday prices, fewer salesJCPenney ran 529 promotions last year. So JCPenney will simplify sales events and permanently slash prices.聽