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Congress Cuts Fliers a Break by Ending FAA Furloughs
Tweet Share on Facebook April 26, 2013 CommentIf you've been inconvenienced, Congress is eager to help. If you're out of a job, tough luck.
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First Quarter GDP Growth Falls Flat
Tweet Share on Facebook April 26, 2013 CommentThe economy grew in the first quarter of 2013, but not by as much as most economists expected. The disappointing numbers suggest that federal austerity measures are having a bigger impact on the economy than most people have realized.
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Spain’s Economy Is Now as Bad as Greece’s
Tweet Share on Facebook April 25, 2013 CommentFor most of us, the Great Depression is a distant abstraction most relevant as the last time the economy was worse than it has been lately. But for some unhappy Europeans, Depression-style living is a thing of the present.
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Unemployment Falls, but Hiring Still Lags
Tweet Share on Facebook April 25, 2013 CommentWe're midway through a perplexing labor market recovery: Layoffs have eased, but hiring still hasn't picked up.
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The Lance Amstrong Lawsuit Makes the Postal Service Look Good
Tweet Share on Facebook April 24, 2013 CommentThis might sounds weird, but Lance Armstrong's doping scandal might end up being better for the U.S. Postal Service than the multi-year contract sponsoring his racing team ever could have been.
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3 Lessons From Fisker's Flameout
Tweet Share on Facebook April 24, 2013 CommentThe story of Fisker, the electric-car startup, is sure to be dominated by political rhetoric about the folly of the government "picking winners and losers" in the private sector. But with the controversial company poised to declare bankruptcy, there are a few other insights that might be more useful.
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Enough About Apple, Already
Tweet Share on Facebook April 24, 2013 CommentHeard much about Newmont Mining or U.S. Steel lately?
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Americans Get Smarter About Debt
Tweet Share on Facebook April 23, 2013 CommentNobody considers the American consumer a model of financial probity. Perhaps it's time to reconsider.
One consequence of the 2008 financial meltdown and subsequent retrenchment of the whole banking industry has been a dramatic change in the way Americans borrow to finance their lifestyles. Total consumer borrowing exploded from $4.6 trillion in 1999 to $12.7 trillion in 2008, a 176 percent increase. Since then, consumer debt has fallen by $1.4 trillion, an 11 percent decline.
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The Easy Case for Online Sales Taxes
Tweet Share on Facebook April 22, 2013 CommentIt's usually hard to make a convincing case for higher taxes. Online sales taxes are an exception.
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Behind the Boston Bombing, a Busted American Dream
Tweet Share on Facebook April 22, 2013 CommentMany factors obviously drove the Tsarnaev brothers to reject peaceful living and mount a violent crusade that allegedly culminated in the Boston Marathon bombings on April 15, 2013. One of them was the kind of debilitating economic struggle many Americans have endured during the last several years.
