All Economy
Oh, the irony: Obama and Romney, and that infamous mandateMitt Romney, who is against the White House's health care act, actually implemented a similar plan in Massachusetts. President Obama pledged not to raise taxes on the middle class, but the Supreme Court has ruled the plan will essentially do just that.
'Tax': The dirtiest word of them allOur favorite mother and tax expert thinks it's a tad ironic that the authors of the health care legislation worked so hard to avoid the term 鈥渢ax,鈥� yet taxing is one of the most appropriate things the government can do, and ultimately saved the act.
Hitting the road for July 4th? 7 ways to save on rental cars.Checking for recalled models and not overpaying for gas are good ways to ensure that renting a car isn't聽 a ripoff.
Fixed-rate mortgage interest rates remain flat this weekResults of a weekly survey covering all residential mortgage originations shows the average rate for a 30 year fixed rate mortgage went flat since last week while the purchase application volume declined 1.0 percent.
The May correction: Thursday's losses were good. Seriously.The market may have sold off more after the Supreme Court's decision on universal healthcare today, but it was down anyways, says Joshua Brown. Spanish bond yields and Germany's employment numbers meant a risk-off day regardless.
Gold prices drop after Obamacare ruling, Euro summitGold prices for August delivery fell $28 to finish at $1,550.40 an ounce. Gold prices and other commodities fell after after the US Supreme Court ruling on health care and a European summit meeting heightened concerns about demand for basic materials.
Retirement: What's the best investment option?Retirement saving can seem daunting, especially with the wealth of options out there. Which is best for you? Retirement is question 10 in this week's mailbag.
Emancipation Proclamation fetches $2.1 million at auctionEmancipation Proclamation original copy, signed by Abraham Lincoln,聽 sold at a New York auction for $2.1 million Wednesday. It's onlt the second highest priced Emancipation Proclamation copy.
Health reform cost is complicated, both sides ignore factsHealth reform cost is one complicated issue, according to Stefan Karlsson. But for those arguing that Obamacare decreases American freedoms, our analyst only has one word: Medicare.
Jobless claims numbers show small declinesJobless claims for the week show declines in both initial and continued unemployment claims this period, while seasonally adjusted initial claims remained below the closely watched 400K level.聽
Stock market hiccup: not so much about health-care decisionBut some investors still grumbled that the Supreme Court's health-care decision might dampen business confidence and inhibit companies from hiring new workers.
The biggest fraud in economics is ... economics?What鈥檚 the point of having an economy, asks Bill Bonner? It makes no sense to waste trillions of dollars鈥� worth of resources just to 鈥減rotect the economy,鈥� he says. The whole point of an economy is to create more stuff, not to waste it.
Louis C.K.: Comic ditches Ticketmaster, sells $4.5M in ticketsLouis C.K. is selling every seat in every city for his upcoming standup comedy tour for a $45 flat rate, including sales tax. Tickets are only available through his website. It's been three days, and Louis C.K.'s tour is all but sold out. Is he changing the way we buy entertainment?
Philadelphia Mint reveals how it makes 12 pennies per secondPhiladelphia Mint reopens to the public with a $3.9 million self-guided tour. This was the first update to the Philadelphia Mint聽tour since 1969.
Safety in numbers? Turns out there's savings, too.When planning the next big family vacation, look for ways to take advantage of the size of the group to save money per-person on lodging costs and meals, while increasing the fun social aspect of the endeavor.
Pending home sales show signs of life, finallyThe National Association of Realtor's chief economist Lawrence Yun suggests that 2012 is shaping up to be a "superior" year with sales projected as being up 10 percent overall for the year.
Regarding that alleged 'near-death' of equitiesInteresting data from a recent report on the saving and investing habits of investors shows that yes, stock fund purchasing is down, but the typical plan account is still majority equities.聽 And also, it's never just that simple.
Microsoft fine, $1.1B, upheld in antitrust suitMicrosoft fine costing $1.1 billion was upheld, resulting in the largest fine ever from a single antitrust case in Europe. The Microsoft fine was levied by the European Commission's antitrust suit.
Oil prices fall ahead of eurozone meetingOil prices dropped to near $80 a barrel Thursday as markets awaited a meeting between Europe's leaders menat聽 to find solution's to the region's debt crisis. Benchmark oil prices were down 17 cents to $80.04 per barrel.
T-Mobile CEO quits amid falling revenuesT-Mobile CEO Phillipp Humm resigned Wednesday as the company continued to struggle to compete in the mobile industry. Humm had been serving as T-Mobile CEO since November 2010.