All Economy
- Pending home sales slightly down in February, but up since 2011Pending home sales declined a bit with the seasonally adjusted national index, falling 0.5 percent since January while increasing 9.2 percent above the level seen in February 2011.
- Gas prices rise to $3.93 a gallonGas prices nationally are up 11 cents over past few weeks. Lowest gas prices of cities surveyed? Tulsa, Okla., with $3.58 a gallon.
- Why broadening the tax base is so difficultIncreasing revenue from taxes will be difficult if the government can't touch a few common tax expenditures. But there are a few things that qualify for tax breaks that we can do without
- Is New Zealand the new international bully?New Zealand cabinet minister Gerry Brownlee's recent comments about Finland, including saying they have a "terrible homicide rate" and "no respect for women," have caused quite a stir among Fins.Â
- Oil prices edge down toward $106 a barrelOil prices slip as investors eye slowing economic growth and risk of supply disruptions because of Iran impasse. An Australian bank forecasts oil prices will stay above $100 a barrel through 2012. Â
- US stocks, job growth rise. Strong recovery ahead?US stocks are up while volatility is down. Employment is growing. This time, a strong recovery is a real possibility, says former Obama aide Summers.
- 401(k) plans available at work? Sign up. Now!401(k) plans offer tax advantages in addition to convenience. If your employer's 401(k) plan offers to match your contributions, then you're losing money out on free money.
- Investment banking: Ex-Goldman critic to write book?Investment banking tell all? Greg Smith, who tendered a scathing resignation letter to investment banking giant Goldman Sachs, is reportedly looking for a book deal.
- How do inflation booms affect long term growth?Investments won't contribute to an economy's long-term growth if they are the result of unsustainable money inflation, and what's worse, they could drag down fundamentally sound businesses in the process.
- Shocker: Paul Ryan's budget means more big tax cuts for the rich.The tax cuts in Paul Ryan’s 2013 budget plan would result in huge benefits for high-income people and very modest—or no— benefits for low income working households. No surprise here.
- Susan G. Komen executives: More resignationsSusan G. Komen executives depart in turmoil over a funding flap of Planned Parenthood. At least five Susan G. Komen executives have left.
- Should you be a shopping Good Samaritan?Say you see someone in a store who's about to pay more than they have to for an item. Would you let the person know?
- Cash mobs: a new boost for local business?Saturday is International Cash Mob Day. Like flash mobs, cash mobs use social media to organize. But they don't perform, they spend money at a targeted local business.Â
- Who is Jim Yong Kim, nominee for World Bank president?The selection of Jim Yong Kim took many by surprise since he is not well known in Washington circles and wasn’t an expected candidate for the World Bank position.
- Need an econ graph? Go to FRED.FRED charts have exploded all over the financial blogosphere. The site is easy to use and addictive if you're a data hound or a market nerd.
- New home sales down in FebruaryNew residential home sales dropped 1.57 percent since January but rose 11.4 percent above the level seen in February of last year.
- Bye-bye free checking. Hello fee checking.Free checking is disappearing as banks scramble to make up lost revenue. Will the government's new finance watchdog step in and regulate bank's new checking fees?
- Facebook privacy: Can firms legally demand passwords from job applicants?On Friday Facebook criticized the new practice of screening job applicants as 'alarming,' and some employment specialists say it could expose firms to legal land mines.
- What Bernanke gets wrong about the gold standardThe redistribution created by the Fed’s monetary pumping actually weakens the economy over time as real savings is squandered on malinvestments. With gold as money, real production and savings is stimulated. Federal Reserve chairman Ben Bernanke doesn't understand that.
- The secret to wealth and health? Make your own snacks!Soda and fast food are convenient (and tasty) parts of a normal routine. But making your own snacks will pad your wallet and help you maintain a healthy lifestyle.Â