All Economy
- GDP report: US economy is expandingThe economy may be growing at a faster rate than initially thought, with the real GDP expanding at聽 an annualized rate of 3 percent from the third quarter of 2011.
- Stocks mixed; Dow rallies lateAfter dropping as much as 94 points earlier Thursday, the Dow rallied late in the day to close up 19 points, at 13145.
- Student loans: the more you can pay at once, the betterStudent loan bills reach six figures for one married couple, who wonder if they should throw as much money at the loan as possible or stick to the payment plan. Student loans are question 6 in this week's mailbag.
- How will the Supreme Court's health-care ruling affect taxes?Obama's leath-care reforms include both tax increases and tax cuts. Even if the controversial individual mandate is struck down, most of those tax changes would survive鈥攗nless, of course, the High Court kills the entire act.
- Jobless claims continue to fallInitial jobless claims declined to 359,000 claims from last week鈥檚 revised 364,000 claims, while seasonally adjusted 鈥渃ontinued鈥 claims declined by 41,000 resulting in an 鈥渋nsured鈥 unemployment rate of 2.6 percent.
- EU leaders agree on need for more money - just not how muchSome European leaders want to give the permanent bailout fund as much money as possible, but others say that will do nothing to deter a repeat of the current debt crisis.聽
- The warm weather job boostThe unusually warm weather in the United States boosted job creation temporarily by allowing things like more construction activity.
- JetBlue pilot: Are some jobs too stressful?JetBlue pilot behavior refocuses attention on workplace stress. JetBlue pilot had given no previous indication of trouble, but aviation has seen bizarre outbursts lately.
- Why the Simpson-Bowles budget defeat isn't the end of the lineSimpson-Bowles is still the top bipartisan budget deal out there 鈥 and Congress may need it when it faces a showdown in December over the expiring Bush tax cuts and mandated spending cuts.聽
- The US government's war on cashBy repeatedly refusing to print money in larger bills, the Feds make it harder to make huge financial transactions and can more easily monitor the financial maneuverings of citizens.
- Oil prices: Can US, UK, and France drive them down?Oil prices are so high that France is considering a release from its strategic oil stockpile. But even in coordination with the US and UK, a release is likely to have only temporary effects on oil prices.
- Supreme Court justices appear poised to sweep aside entire health-care lawConservative Supreme Court justices argued Wednesday morning that without the individual mandate, the entire 2,700-page health-care law must be invalidated in full.
- Make the most of your outlet store shoppingThrift stores are the cheapest places to buy clothes, but selection can be limited.聽 Next stop: consignment and outlet stores.
- Falling commodity prices lower stocksFalling commodity prices pushed stocks lower Wednesday. The Dow fell 71 points to close at 13126, and all three major indexes lost at least a half percent.
- Don't invest in China's mining sectorAs an investment, China's metals and mining industry is in no-man's-land and earnings revisions will be to the downside if China's economy deteriorates even further.
- 30-year mortgage rates up to 4.10 percentThe average rate for a 30 year fixed rate mortgage increased 4 basis points to 4.10% since last week, while the purchase application volume increased 3.3 percent and the refinance application dropped 4.6% over the same period.
- Magic Johnson, basketball legend, is now a Dodgers ownerLos Angeles Dodgers will be bought by a group of owners that includes NBA legend Magic Johnson for a staggering $2 billion. The Los Angeles Dodgers sale is the most expensive in professional sports history.
- How to be a successful thrift store shopperPick the nicest neighborhoods in a metro area and find the nearest Goodwill or other secondhand clothing shop.
- Low-income households would shoulder Ryan's tax burdenThe budget Paul Ryan released last week is, essentially, an effort to have low- and middle-class households bear the entire burden of closing the fiscal gap and bear the costs of financing an additional tax cut for high income households.
- Durable goods rise less than expectedDurable goods were expected to rise sharply after January's big decline. But February's 2.2 percent rise in durable goods disappoints.