All Economy
- Europe to Germany: your eurocrisis 'answers' don't work for usAs prosperous Germany reshapes Europe's fiscal operating system to fit the German doctrine of austerity, questions and warnings are on the rise.
- Germany to Europe: Don't criticize us on eurocrisis leadershipGermany has been heavily criticized for its 'German doctrine' of austerity, but Germans are confident that it will work for the rest of Europe and are tired of apologizing for their success.
- Goldman Sachs executive resigns from 'toxic' bankGoldman Sachs executive director offers his resignation in a scathing op-ed. He says Goldman Sachs' business culture is 'toxic and destructive.'
- The GOP is confused about public moralityThe real threat to American morality is what's happening in corporate board rooms, not people's private lives.
- Mortgage rates still fallingThe average rate for a 30 year fixed rate mortgage declined 3 basis points to 3.94 percent since last week while the purchase application volume increased 4.4 percent and the refinance application declined 4.10 percent over the same period.
- Unemployment rate falls in 45 statesUnemployment rate for January falls for nearly all states. Only New York sees an increase in its unemployment rate.
- Treasury bond market: Investors pull backTreasury bond market is slammed by stronger prospects for US economy. Treasury bond market sees highest rate on a 10-year note since October.
- When starting a business, delegate, delegate, delegateMany entrepreneurs fall into the trap of thinking that no one can do a job as well as they can. But a business can't grow without successful delegation.
- Encyclopaedia Britannica: After 244 years in print, only digital copies soldEncyclopaedia Britannica cost $1400 for a full 32-volume print edition. Only 4,000 are left in stock. Now, the Encyclopaedia Britannica will only be available in digital versions.
- Gas prices too high. Blame India?Gas prices are rising partly because demand is rising in the developing world. Unlike fluctuating tensions in the Middle East, rising world demand will keep pushing gas prices higher.
- Talking yourself out of an unecessary purchaseUsing what you already have waiting for a sale or a lower price, and thinking about about a purchase before you make it are good ways to avoid making a buy that you might regret later.聽
- Gas prices should be higherIn an election year, President Obama may be the last guy who wants聽gas prices to rise. However, if聽 we want to reduce our need for foreign oil, slow climate change, and encourage development of new energy technology, we ought to be raising taxes on fossil fuels. A lot.
- NCAA Tournament 2012 means distracted workers. What's an employer to do?The first two days of NCAA Tournament 2012 mean productivity losses worth $175 million, by one estimate. Some employers grin and bear it, while others warn workers against watching on the sly.
- Dow jumps 218 on market's biggest 2012 dayBank stocks led the market to its biggest single day gain of 2012. The Dow rose 218 points to close at 13177, its highest close since 2007.
- US, EU, and Japan challenge China鈥檚 rare earth export restrictionsIn a tripartite challenge against China's export restrictions on rare earth materials, the US, European Union, and Japan filed a complaint with the World Trade Organization.聽
- Tired of paltry returns on bank savings? Here's help.Interest rates on bank savings are so low that many retirees are looking for higher returns. If you're one of them, consider bonds and dividend-paying stocks.
- Retail sales up in FebruaryRetail sales showed a notable 1.1 percent increase from January and an increase of 6.5 percent on a year-over-year basis.
- Mortgage deal: Banks impeded probe, HUD saysMortgage deal has forced banks to pay $25 billion, mostly to current and former homeowners. But in the run-up to the mortgage deal, banks delayed handing over foreclosure documents and prevented federal investigators from interviewing employees, the Department of Housing and Urban Development says.聽
- Private stock markets? Not so fast."Private" stock markets, a trading trend primarily among venture capitalists based on the West coast, may soon be coming to an end.
- China's economy slowing? Not much.China doesn't seasonally adjust its trade numbers, so swings month to month can be misleading.