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Should states pay bonds to knock down buildings?Two Ohio Members of Congress have introduced a bill to allow states to issue tax-exempt bonds to demolish buildings, which is a bad solution to a serious problem of urban development.
Gold prices recover, but still down for weekGold prices, at lows not seen since January, recovered a bit to close at $1,630 an ounce. Fed minutes suggesting little inflation kept gold prices down.
Detroit and Michigan come to terms on bailout, averting bankruptcyAfter weeks of protest, Detroit's city council agrees to a deal that directs budgetary matters to an outside advisory board, but avoids the sweeping state takeover that many residents opposed.
What do Iran sanctions cost you? About 25 cents a gallon, experts say.While consumers may support sanctions on Iran to dissuade it from pursuing a nuclear weapon, a foreign trade advocate says, they should also be told how sanctions impact Americans.
Election 2012: A fable of equalityAs voters, we can let rich private equity managers take over the electoral process and further the inequality gap. Or we can do something about it.
Stocks fall to their worst week in 2012The Dow fell 14 points to close at 13060 on fears that Spain may have trouble paying back its debt. The stock market suffered its worst week since December of last year.
Unemployment claims fall to a four-year lowInitial jobless claims聽 declined to 357,000 claims from last week鈥檚 revised 363,000 claims, while seasonally adjusted 鈥渃ontinued鈥� claims declined by 16,000 resulting in an 鈥渋nsured鈥� unemployment rate of 2.6 percent.
A turning point for Chinese stocks?The Chinese stock market has performed poorly so far this year, but last night's high close may signal a change.
Google, an underdog in Asia, lays plans for Taiwan data centerTaiwan gets Internet traffic easily from the United States. I sits at the ends of undersea cables that extend directly from North America before branching off to other parts of Asia.
New clothes won't make you happy...for longNever buy clothes just for the emotional rush of having something new. Instead, focus on emotional boosts that have better long term outcomes.
Lincoln MKZ: hybrid option, navigation, glass roofLincoln MKZ sports an optional retractable glass roof to try to lure back drivers to the luxury brand. Lincoln MKZ is first Lincoln to have dedicated design team since the 1970s.
Germany tries to convince Swiss banks to play by its rulesGermany and Switzerland signed a treaty today in which Switzerland agreed to impose taxes on Germans' secret accounts in Swiss banks, but the deal still falls short of the transparency Germany wants.聽
Chrysler: Viper roars back to lifeChrysler Viper reemerges after two-year hiatus. Chrysler Viper to come with 640-horsepower V-10 engine 鈥� and will probably top $100,000.
Friends of Traditional Banking: A Super PAC for bankersFrustrated by their lack of political power, the nation's bankers have set up their own campaign donation fund
Plug-in car woes: Fisker Delaware plant in doubtPlug-in car manufacturer Fisker says it may have to look at production sites outside Delaware if it can't get a federal loan. Its new plug-in car, the Atlantic, might be built overseas, the CEO says.聽
Non-manufacturing business activity down in MarchThe business activity index declined 5.91% since February but remained 0.51% above the level seen a year earlier.
US stocks plunge; Dow down 124US stocks suffered their worst losses in a month amid renewed worry over European debt. US stocks on the Dow lost 124 points to close at 13074.
Private employers added 209,000 jobs in MarchPrivate employers added 209,000 jobs in March, bringing the total employment level 1.75 percent above the level seen in March 2011
30-year mortgage rates drop to 4.03 percentThe average rate for a 30 year fixed rate mortgage declined 7 basis points to 4.03 percent since last week while the purchase application volume increased 7.2 percent and the refinance application climbed 4.0 percent over the same period.
Social Darwinism is here to stayPresident Obama kicked off聽his 2012 campaign with a hard-hitting speech centered on the House Republicans鈥� budget plan.聽We are likely to hear a lot more about social Darwinism in the months ahead.