All Economy
Will austerity come to the US?The United States may be headed for the same belt-tightening austerity that has caused an uproar across Europe. Done right, it could actually work.
Stocks tumble on Europe turmoilPolitical uncertainty in debt-hobbled Europe spread to financial markets Tuesday and pushed stocks lower in Europe and the United States. The Dow lost 76 points close at 12932 after falling as much as 200 points earlier in the day.- Pet food recall 2012 now includes 39 statesPet food recall 2012 involves brands including Kirkland, Premium Edge, and Diamond Naturals, manufactured by Diamond Pet Foods. The biggest pet food recall 2012 has been expanded multiple times since April. Counting additional recalls by separate brands manufactured in the Diamond Pet Foods facility, affected dog food has been sold in 39 states.
Radar logic: Housing prices are droppingAs of early March, prices have declined 2.71 percent聽 below the level seen in March 2011.
The frequent flyer deal that was American Airlines' worst nightmareYears ago, American Airlines offered unlimited first class air travel, for one-time price of $350,000, to a select group of frequent travelers. It cost the airline millions of dollars in revenue.
Oil prices set new low for 2012Oil prices swoon on uncertainty in Europe after weekend elections in Greece and France. Oil prices traded below $96 a barrel before closing at $97.39.
Top 5 ways to save on your summer vacation If you're pining for a summer vacation but worried about costs, consider how Wayne and Pat Dunlap of Del Mar, Calif., managed to tour 51 countries over two years, marvel at the Egyptian pyramids, scale a New Zealand glacier, and visit Laotian Buddhist monks all for less than $100 a day. "We often stayed at guesthouses and hostels, ate at local family restaurants, took public transportation, and in some cases, traveled on cruise ships offering reduced rates," says Mr. Dunlap, author of the travel book "Plan Your Escape." This year amid price worries and higher summer airfares, especially to Europe such ingenuity could prove essential. Here are five cost-cutting strategies that can help:
Hedge funds: Should you bother?Hedge funds have traditionally been a very rich man's game, but one broker is trying to bring the hedge fund experience to the medium rich.
Know your credit report, and what it meansForget those goofy commercials. You can get your credit report (really) for free from the federal government. When you get it, it鈥檚 important to make sure that the information on your credit report is accurate and represents a good picture of your financial history.
Austerity: Wrong policy or hard truth?Austerity politicians may have been given the boot in Europe, but austerity measures will remain.
The best and worst grocery stores: You get what you pay forWhen it comes to grocery stores, customers generally must choose between great quality and low prices. But a few supermarket chains ranked high in both categories.
Buffett rule revenue would be hugeIf you think the Bush tax cuts should be extended鈥攁n idea most opponents of the millionaire tax support鈥攔evenues from a minimum tax rate on millionaires would increase by a much more significant $162 billion over the decade. And that鈥檚 hardly the chump change than the Buffett rule's critics imply.
Don't be fooled: Liberals and libertarians don't agreeOn the surface,聽 hard-left liberals and hard-right libertarians may share certain positions. But these agreements are little more than word games.
After falling, stocks recover from Europe electionsStock markets recovered around the world following an early stumble caused by election results in France and Greece that appeared to jeopardize Europe's plans for fighting its debt crisis.聽 In the US, the Dow finished the day down 29 points at 13,008.
Freedom from debt is possible 鈥� with a planConstructing a debt repayment plan is the single strongest step to take to achieve freedom from debt, according to Hamm.聽
Hong Kong bubble? Housing prices rise.In February, the price of residential properties聽 in Hong Kong increased a notable 2.05 percent since January and climbed 5.96 percent above the level seen in February 2011.
Greece's Golden Dawn Party a scary development for Europe聽Most Greeks are probably not very happy to have witnessed the聽 far-right Golden Dawn party take as much of the Greek electorate as they did this weekend. But despite the party's relatively low polling numbers, the rise of the anti-immigration, nationalistic party is troubling news.
France and Greece elections: Threat to Eurozone recovery?The elections in France and Greece won't bode well for economic recovery in Europe, according to Karlsson.聽
Greece election results cause problems for bailout plansElections in Greece over the weekend saw both far-right and left-leaning politicians gain seats in parliament, setting up a fight over the country's economic future.
Stock market fallout: Europe elections spook tradersStock market in Athens plunges 8 percent at one point after Greek election points to no clear winner. Stock market reaction elsewhere in Europe is negative.