All Economy
- Home prices increaseNationally, home prices increased 0.71 percent since November but declined 1.32 percent聽 below the level seen in December 2010.
- Why we're paying more for cornThanks to government subsidies supporting a specific type of corn farm, land value is increasing, and prices are going up. The same is true of other federally supported crops.
- What Ron Paul gets right about economicsRon Paul is onto something when he claims that the Federal Reserve's low interest policy has discourages savings and encouraged borrowing.
- Corporations don't need tax cuts. Why is Obama proposing them?The Obama administration is proposing to lower corporate taxes from the current 35 percent to 28 percent for most companies and to 25 percent for manufacturers.聽 But American companies are booking higher profits than ever.
- Dow 13000 mark close, but not quiteThe Dow made another run at 13000, finishing up 46 points at 12984. Despite coming within four points of the mark,聽 early losses kept the index from reaching 13000.
- When it's time to find a new bankYour bank should offer a large ATM network, solid interest, few fees, and operating hours that are compatible to your lifestyle. If not, it's time to send it packing. Here's how to find a new, better bank.
- AT&T CEO loses $2 million over T-Mobile breakupAT&T chief takes a big pay cut, but the company lost $4.2 billion because of its failed deal to acquire T-Mobile USA. The聽AT&T executive still makes $18.7 million a year.
- Extended unemployment claims drop by 52,000Initial jobless claims went unchanged at 351,000 claims, but聽 鈥渃ontinued鈥 claims for jobless benefits declined by 52,000.
- Obama's business tax reform: A good startThe president's Framework for Business Reform does a great job in identifying what's wrong with the way businesses are taxed. But the cure for those problems leaves a lot to be desired.
- Americans' trend line on gasoline: Use less, spend moreUS oil consumption is down, and fuel economy for new vehicles is at an all-time high. Despite these leaner ways, Americans are spending 65 percent more on gasoline since 2005. Why?
- Why the young are forced to pay the old's debtsInstead of families paying for their children鈥檚 education, they force the children to borrow the money from the government. Then, paying it back, the money is recycled to old people 鈥 through Social Security, Medicare, and so forth. How long will they put up with it?
- Sears posts $2.4 billion loss, shedding some storesThe disclosures of the store plans came as the Hoffman Estates, Illionis-based company reported it swung to a loss in the fourth-quarter while revenue fell 4 percent to $12.48 billion.
- GOP's big investors: Who's really running for president?A handful of billionaires are all but funding the GOP primaries. Never before have so few spent so much to influence so many.
- Stocks close lower after flirting with 13000The Dow lost 27 points to close at 12938 Tuesday as stocks closed lower for the first time in four trading days.
- Existing home sales climbSingle family home sales increased 3.8 percent from December and rose 2.3 percent above the level seen in January 2011.
- Honda recall involves Odyssey minivans. Is yours on the list?Honda recall targets 45,800 Odyssey minivans made in 2008 and early 2009. The Honda recall is due to problems with lifts that hold up the rear tailgate door.
- Microsoft wages patent battle with Motorola and GoogleMotorola has been hit with complaints from Microsoft and Apple regarding strict patent regulations, while Motorola says both companies are taking too many liberties with its patents. Will they reach a compromise?
- Payroll tax cut full of budget gimmicksThere are two gimmicks happening here. Both are functions of the 10-year budget window the Congressional Budget Office and the Joint Committee on Taxation use to score legislation.
- Housing market showing signs of turnaroundLast year was so dismal, home sales almost certainly have to go up in 2012. If home prices stabilize later this year, as many analysts expect, the housing market will be set for a turnaround.聽
- No change in low mortgage ratesThe average rate for a 30 year fixed rate mortgage went unchanged at 3.98 percent since last week while the purchase application volume declined 2.9 percent and the refinance application declined 4.8 percent over the same period.