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The F-35 Shows Why the Pentagon Deserves a Smaller Budget
Tweet Share on Facebook May 10, 2012 Comment (16)Let the scaremongering begin.
Every time the Pentagon budget is vulnerable to cuts, we hear about the huge risks that would ensue. Defense jobs would get cut, depressing the economy. American military technology would fall behind. Terrorists would get a free hand. China would sneak up on us.
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Why Small Investors Are Missing Out on Big Gains
Tweet Share on Facebook May 9, 2012 CommentYahoo! Finance recently invited me on its Daily Ticker program to discuss why small investors seem to have abandoned the stock market. Here's the clip:
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Why Mark Zuckerberg Might Be Too Successful
Tweet Share on Facebook May 9, 2012 Comment (4)In its brief, eight-year history, Facebook has become one of the all-time legendary success stories. But there's still one thing missing from founder Mark Zuckerberg's resume: A prominent failure to learn from.
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In Defense of the Chevy Volt
Tweet Share on Facebook May 8, 2012 Comment (79)Cars don't usually vote in elections, but one vehicle is playing an unusual role in this year's presidential campaign: the Chevrolet Volt.
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5 Signs You're Falling Behind--Maybe For Good
Tweet Share on Facebook May 7, 2012 Comment (6)We know what happened during the recession: The economy quaked, joblessness soared, home values plunged and a big chunk of the middle class fell way behind.
[See photos of May Day protests from around the world.]
Economists and other experts are now trying to figure out what's likely to happen next. It's well known that income inequality has deteriorated over the last couple of decades. The incomes of top earners have risen sharply, while median income has stagnated. By some measures, the concentration of wealth among the top one percent of earners is at the highest levels since the 1920s. Nobody disputes that the rich are getting richer while others are stuck in a rut.
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Why a Shrinking Government Is Bad News
Tweet Share on Facebook May 4, 2012 Comment (23)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 of 115,000 jobs. The longer-term trend is more stark. Since the start of 2011, the private sector has added 2.8 million jobs, while government has shed 280,000 jobs.
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What al Qaeda and AIG Have in Common
Tweet Share on Facebook May 3, 2012 Comment (1)Its image was suffering. Quality was down. Affiliates around the world were getting a different message than headquarters intended to send.
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What Everyone Can Learn From John Edwards
Tweet Share on Facebook May 3, 2012 CommentUPDATE: This story has been updated to reflect the Edwards' verdict.
This guy could have been president?
Anybody paying attention to the trial of former senator and presidential candidate John Edwards has to be startled at the self-destruction of the one-time political star. Edwards, a wunderkind litigation attorney and self-made multimillionaire, once seemed to have the charisma and intelligence of former president Bill Clinton without the baggage. But Edwards' own baggage was there all along, and it finally landed on him like an anvil in a Warner Brothers cartoon.
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Why Washington, Not Europe, Will Roil Markets for Rest of 2012
Tweet Share on Facebook May 2, 2012 Comment (2)Will Europe unravel?
That's the main question dogging the stock market these days, with worrisome news from Spain, Italy, and even France stalling a market that rallied for the first three months of the year. But the bigger worry for 2012 may be what happens in the United States, and especially in Washington.
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The U.S. Economy, Leading by Default
Tweet Share on Facebook May 1, 2012 CommentBeverly 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 economy dominate the discussion. Europe is dysfunctional, likely to get worse before it gets better. China is an adolescent economy not quite ready for prime time. Emerging markets like Brazil and India are promising, but prone to unpredictable upheavals that can swamp outsiders who never see it coming.
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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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