All Economy
- ‘No drink 4 U!’ Opposition to proposed soda ban bubbles up in New YorkNext Tuesday is the last day to submit comments on New York’s proposal to ban large sugary beverages. Those opposing the plan have launched a vocal and well-financed campaign.
- A crisis veiled in public spectacleOver the course of three odd decades, billions of dollars were lent to people who shouldn’t have been allowed to borrow lunch money. And now, there are losses in the trillions. The real question is, will the market finally be allowed to correct itself?
- How GOP could be forced to raise taxes this DecemberTwenty leading congressional conservatives are imploring GOP leaders to head off any Democratic attempt to use the threat of a government shutdown to force Republicans to accept tax hikes. Â
- Learning to love the leftoversEvery time you choose to eat leftovers, you’re basically getting a free meal. If you’ve got it in your home, you’ve paid for it in some fashion. Throwing away leftover but still good food is no different than throwing money in the garbage.
- Jump in housing starts, earnings send stocks upNew signs of recovery in the housing market and strong corporate earnings sent stocks higher for a second straight day. The Dow Jones rose 103 points, to close at 12,908. The positive showing comes on the heels of an otherwise dismal start to July trading.
- Ron Paul vs. Ben Bernanke: final battle ends on surprising noteWith Rep. Ron Paul retiring this year, his epic battles with Federal Reserve chairmen are coming to an end. But his last run-in with Ben Bernanke took a more reflective turn.Â
- Electric car-charging stations: Will market forces cut prices?Charging stations charge by time or by amount of electricity used--amount of electricity is generally viewed as the fairer option. But electric-car drivers may start to choose only those stations that charge a fair price, meaning market forces will adjust prices down.
- 450-year-old debt. Trillions owed. But will German village get repaid?450-year-old debt note from Berlin to Mittenwalde appears authentic, but German capital has only paid a guilder so far. With interest and inflation, the 450-year-old debt of 11,200 guilders is worth trillions of euros today.Â
- Housing market rebound? New-home starts notch a post-2008 high.The number of new-home starts in June was the highest since October 2008. While analysts say the US housing market is 'back on track,' there is still 'far to go.'
- How to jump off the fiscal cliff into a tax cutBy jumping off the fiscal cliff, Congress can magically turn a tax increase into a tax cut. All it has to do is let existing tax cuts expire.
- On brink of 'financial cliff,' at least one analyst remains hopefulWhile few people expect real fiscal reform in the always partisan lead up to the November election, Lloyd Blankfein writes that there may still be hope, if President Obama, Congress and Mitt Romney declare that Simpson-Bowles will be the basis of future reform.
- Higher tax rates for small businesses may lead to fewer jobsA new study estimated the effects of the policy advocated by President Obama that would allow for higher tax rates for small-business owners starting next year. The study found that such a tax increase would lead to fewer jobs.
- Jay Leno, Bob Lutz talk plug-ins, test drive a hybrid truckTalk show host Jay Leno is betting that Americans will love the Via Vtrux, a full-size, electric pickup truck that combining the practicality of a Chevy Silverado with the mileage of a Chevy Volt. Leno endorsed the truck on the latest episode of his web series, "Jay Leno’s Garage."
- Backyard to table: Get into the routine of gardeningA garden can be a great way to save money, providing your family with a bounty of delicious food. It can also be expensive, due to various startup costs. Follow these tips to make your first garden both a financial and culinary success.
- Stocks rise; Mattel, Coke among earnings winnersStrong performances from a handful of companies including Barbie maker Mattel, and Coca-Cola pushed the Dow Jones average up for only the third day this month. The closely-watched index closed up 78 points to land at 12,805.
- Bullish in Britain: Will lower inflation boost the UK economy?The British pound's appreciation relative to a struggling euro means that inflation in the country is finally starting to decrease. Some economists are taking this as a sign the UK market may be turning a corner, as it signals an increase in consumer purchasing power.
- Ford Escape recall affects 10,000 cars. Is yours on the list?Ford Escape recall involves certain 2013 models with a carpeting issue that could affect breaking. Owners with cars affected by the Ford Escape recall can have the problem repaired for free.Â
- For shame: Who is really to blame in USOC uniforms spat?In the face of political pressure regarding the use of Chinese manufacturers for Olympic uniforms, the USOC capitulated. But perhaps the more important question is, why is it so much more expensive to manufacture clothing domestically.
- Obama says business success takes a village. But do owners agree?Over the weekend President Obama said that small business success is a group effort. But some small business owners disagree, reminding the President that they are the ones who take the risk to launch the business, who do not get paid if something goes wrong.
- Stephen Covey, '7 Habits' author, dies at 79Stephen Covey, author of the massive self-help bestseller, 'The 7 Habits of Highly Effective People,'Â died Monday in Idaho. Stephen Covey's landmark book sold in excess of 20 million copies in 40 languages and spawned a multimillion-dollar business empire.