Rick Newman

May 2012


Why Any President Would Have Spent Like Obama

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The latest digression in the presidential campaign between Mitt Romney and Barack Obama is a fresh argument about government spending that took place in 2008 and 2009. Should it count as Obama's spending? Or that of his predecessor, George W. Bush? The answer, apparently, will determine whether ...

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How to Graduate From College and Go Precisely Nowhere

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Nearly 2 million new college grads are about to join the workforce, and for many the prospects are discouraging. The unemployment rate for 20- to 24-year-olds is 13.2 percent, more than five points higher than the overall rate. Many popular degrees, such as education and psychology, are in fields ...

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Don't Envy the Facebook Millionaires

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Do you feel like you are missing out on something?

Sudden wealth can be exhilarating for those who attain it, but demoralizing for those sitting on the sidelines. This was a common sensation during the dot-com boom of the late '90s, and it's now back with the eye-popping initial public offering for ...

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TAGS:
economy

Facebook's GM Problem

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Social media giant Facebook may barely notice the lost revenue from General Motors' decision to stop spending about $10 million per year on advertising that runs on its site. But GM's withdrawal reflects the turbulence and uncertainty that even the most successful companies face these ...

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TAGS:
Facebook

Why a Shrinking Government Is Bad News

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Americans generally want smaller government, and the lower taxes that go with it. They're starting to get their wish—but it spells trouble for the broader economy.

The latest jobs data shows that the private sector added 130,000 jobs in April, while the government sector lost 15,000, for a net gain ...

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TAGS:
economy

The U.S. Economy, Leading by Default

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Beverly Hills--If you're a global investor, the world is a sorry-looking place right now. And the United States is like a shabby and infuriating old friend.

At the annual confab of financiers and business leaders sponsored by the nonprofit Milken Institute in Los Angeles, the woes of the world ...

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TAGS:
economy

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