All Economy
- Eurozone economy shrinks. Germany ekes out growth.Eurozone conracts by 0.2 percent for the second quarter. Germany manages a slightly better-than-expected 0.3 percent, while debt-laden euro nations shrink.
- Social Security: $8.6 trillion deficit? $134 trillion? Both.Social Security taxes would have to rise 2.67 percentage points to cover Social Security's 75-year deficit.
- Japan's poverty gap has politicians calling for rise in minimum wageIt is only over the past decade that poverty has come to be recognized in Japan. Prior to that, the government didn't even compile statistics on income inequality.
- What 'the Ryan choice' means for Romney's evolving platform
- Drought: USDA throws livestock farmers a lifeline. Will it help?With the drought sending corn and feed prices soaring, US livestock farmers are bracing for the worst. A $170 million USDA program announced Monday, they say, is too small to make a real difference. Â Â
- Stocks fall as malaise hits JapanS&P breaks six-day winning streak with small decline. Japan's slower-than-expected growth weighed on the stock market.
- Consumer finance watchdog: a birthday, but no one comesThe Consumer Financial Protection Bureau celebrated its first anniversary without fanfare. Despite some achievements, the CFPB has yet to tackle big and sensitive issues. Â
- Carving the investor's Mount RushmoreThe Reformed Broker is looking for a few good men, or women, to fill out the "Investing Mount Rushmore."Â He's compiling a list of those who've had the biggest impact based on their wisdom, style, message, writings or actions on the field
- Social Security: Surplus dwindling, huge shortfall loomsSocial Security surplus is projected to run out in 2033, forcing a 25 percent cut in benefits. To fix Social Security, Congress would have to find $8.6 trillion.
- Erasing WWhile Bill Clinton will have a starring role at the Democratic National Convention this year, his Republican counterpart, George W. Bush, won't even speak at the RNC meeting as conservatives attempt to distance themselves from the Dubya.
- Four ways the Olympics can inspire global business The Olympics embody the ideal of globalization. High-performance competitors push each other to do their best in an arena where everyone follows the same rules. An Olympian's dream is to stand out – not only in his or her own country but around the world. Global companies aim to do the same. There's one key and fortunate difference between sports and economics. In any sporting contest, there's only one winner. In a global economy, the number of winners is potentially unlimited, as I point out in my book, "Globalization." So what can businesses learn from these Games? Here are four ways international sport can inspire a better global economy:
- Gas prices surge 34 cents since JuneGas prices rise unexpectedly from a combination of refinery and pipeline problems and increase in oil prices. But analysts don't expect average gas prices to reach $4 a gallon.
- Facebook stock gets boost from Netflix CEOFacebook stock may be down 40 percent since its debut in May. But Netflix CEO Hastings is a believer, buying $1 million of Facebook stock.
- Dime sells for $1.6 million. Rare mint. 139 years old.Dime sells for $1.6 million at auction to anonymous buyer. The 1873-CC 'No Arrows' Liberty Seated dime was part of a collection of US coins minted in Carson City, which sold for $10 million.
- Yes, the answer is dividends. Almost always.More and more evidence is showing that dividends are important, providing the bulk of equity investor returns for many generations. This doesn't mean it's always a good time to buy dividend stocks, but it's something to keep in mind.
- The rise of trading quote spamHigh-frequency quoting that has skyrocketed recently, leading some in the US to think it might be time for a financial non-transaction tax similar to the one in France. The French will also impose a tax on traders who submit too many unfilled quotes.
- 28 Great Books You Can Read For FreeSo you bought a Kindle, but now don't want to pay a lot of money to fill it with books. As usual, our personal finance expert has a solution to your problem. He's compiled a list of 28 free books that are both economical, and enjoyable.
- Drought slashes corn forecast. So prices fall?Corn prices fall despite USDA forecast of worst corn yield in more than 15 years. Commodity traders had expected the poor forecast.Â
- Want to be a financial adviser? Read this first.Wall Street firms don't train their young workers, they massacre them.
- Bold campaign pledge? Three weeks paid vacation for everyone.Most Americans get only two weeks of paid vacation. A quarter don't get any at all. Obama, Romney could get votes and boost workforce.