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Fiscal Cliff Could Strand Millions of Unemployed
Tweet Share on Facebook December 13, 2012 CommentThree million Americans may become unwitting casualties of the political war in Washington over the fiscal cliff.
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Video: What Bernanke Is Trying to Get You to Do
Tweet Share on Facebook December 13, 2012 CommentCBS News recently invited me on its Up to the Minute program to help explain the Federal Reserve's unprecedented new effort to link monetary policy to the unemployment rate.
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Here's When Unemployment Will Hit the Fed's New Target
Tweet Share on Facebook December 12, 2012 CommentThe unemployment rate has always been the most-watched economic indicator. It just got even more important.
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The Ride Over the Fiscal Cliff Has Already Begun
Tweet Share on Facebook December 12, 2012 CommentMost of the worries about the "fiscal cliff" focus on what will happen in 2013 if Washington politicians fail to prevent a big batch of tax hikes and spending cuts from going into effect all at once at the start of the year. But some parts of the economy are already going over the cliff, a sign of how important future expectations are to present-day events.
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The Astonishing Decline of Unions, in Michigan and Elsewhere
Tweet Share on Facebook December 11, 2012 CommentA lot of changes in the economy during the last few years were hard to predict, such as a gargantuan housing bust and a financial panic that could have rivaled the Great Depression. To that list, add the remarkable new limits on unions in, of all places, Michigan.
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10 Companies That Tumbled in 2012
Tweet Share on Facebook December 11, 2012 CommentIt's been a surprisingly good year for stocks—surprising because it wasn't terrible.
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10 Companies That Dazzled in 2012
Tweet Share on Facebook December 11, 2012 CommentIf you predicted a housing rebound in 2012—and put your money where your mouth is—you should have made an enviable profit this year.
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3 Lessons from the AIG Bailout
Tweet Share on Facebook December 11, 2012 CommentA lot of people thought this day would never arrive, but the U.S. government is finally poised to extricate itself from the ugliest bailout of the 2008 financial crisis.
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Video: Who's Scared Most by the Fiscal Cliff?
Tweet Share on Facebook December 10, 2012 CommentCBS News recently invited me on air to discuss what might happen to the economy if Washington pushes it off the "fiscal cliff." Here's the clip:
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Video: What Workers Need to Do to Get Ahead
Tweet Share on Facebook December 10, 2012 CommentC-SPAN recently invited me on its Washington Journal program to discuss the weak job market and the challenges faced by unemployed workers. Several viewers called in to describe their own difficulties finding a meaningful job that pays the bills, which generated a lively conversation about what constitutes "fair pay" and what Americans need to do to get ahead these days. Here's the clip:
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Rick Newman
The global economy is mysterious, even scary. Chief Business Correspondent Rick Newman demystifies it and explains what matters to you. Rick is the author of Rebounders: How Winners Pivot from Setback to Success and the co-author of two other books: Firefight: Inside the Battle to Save the Pentagon on 9/11, and Bury Us Upside Down: The Misty Pilots and the Secret Battle for the Ho Chi Minh Trail.
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