Rick Newman

December 2012


Washington Is Bumming Everybody Out--Again

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Usually around the end of the year, Americans hang out with their families, go on vacation or just unwind. It's a time to recharge and gear up for a productive new year.

This year is obviously different. Anxiety is pouring from a gloomstack located in the nation's capital and spreading across the ...

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fiscal cliff

How the Fiscal Cliff Will Affect You

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Washington hasn't sent you a parachute, yet it's pushing the nation off the fiscal cliff anyway. So it's time for ordinary people to figure out how the shenanigans in Washington will affect them. 

Democrats and Republicans seem unable to make any kind of deal to prevent a huge set of tax hike and ...

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fiscal cliff

5 Things To Do if the Fiscal Cliff Happens

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So it has come to this. The stagnant economy is showing signs of life, except that a dysfunctional Congress seems intent on snuffing it out. We have arrived at the fiscal cliff.

If Washington politicians can't reach a last-minute deal, 2013 will begin with a big batch of tax hikes and cuts in ...

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fiscal cliff

General Motors Is Better Off at No. 2

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In Detroit, it felt like a mournful moment when Toyota first outsold General Motors in 2008, after GM had spent 77 years as the world's largest auto maker. The gap got even bigger in 2009, the fateful year that GM declared bankruptcy and would have collapsed without more than $50 billion in ...

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General Motors
Toyota

The Economic Winners and Losers in 2013

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The next 12 months could be unsettling, as Washington dangles over the fiscal cliff, Europe struggles to emerge from recession and consumers and businesses sit on their wallets until they feel like the economy has stabilized for good. Here's who might benefit and suffer from those developments in ...

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TAGS:
economy

Christmas at McDonald's: Get Used To It

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A Big Mac and fries isn't exactly turkey and stuffing, but it's becoming part of the nation's Christmas tradition all the same.

McDonald's has urged its franchisees to open on Christmas Day, according to an internal company memo obtained by Advertising Age. "Our largest holiday opportunity as a ...

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TAGS:
McDonald's
holidays

The Ride Over the Fiscal Cliff Has Already Begun

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Most 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 ...

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fiscal cliff

Video: What Workers Need to Do to Get Ahead

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C-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 ...

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TAGS:
employment

Consumers Are Shrugging Off the 'Fiscal Cliff'

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Everybody in America seems to be stressed out about the looming "fiscal cliff" — except for the people who spend most of the money in America.

One of the oddities of the whole dramatic walk up to the cliff is that business leaders, politicians, economists and the media are apoplectic about it, since ...

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TAGS:
fiscal cliff

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