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How a Flat Tax Would (Ahem) Kill Jobs.
Tweet Share on Facebook October 28, 2011 Comment (11)It seemed inevitable that the flat tax, an old Republican standby, would surface in the presidential campaign. And now we have not one leading GOP candidate, but two, whose economic plan hinges on a flat tax.
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As Europe Moves Forward, America Drifts Downward
Tweet Share on Facebook October 27, 2011 Comment (3)Maybe the United States really is the world's most dysfunctional democracy.
For the last 18 months, Americans dismayed by the follies in Washington have been able to console themselves with this thought: At least it's worse in Europe. But now, it seems to be better in Europe, and it's getting hard to find any other country that makes America look good.
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How Romney and Perry Differ on the Economy
Tweet Share on Facebook October 27, 2011 Comment (4)On some things, virtually all the Republican presidential candidates agree: President Obama's health-reform plan must be scrapped. Government spending is far too high. Taxes should be lower. Washington needs to be reined in, and more power should devolve to the states.
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Video: Finally, a Bit of a Bailout for Homeowners
Tweet Share on Facebook October 25, 2011 Comment (1)CBS News invited me on-air recently to discuss President Obama's latest plan to help struggling homeowners. Here's the clip:
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Why America's Credit Rating Could Fall Again
Tweet Share on Facebook October 25, 2011 Comment (5)Members of Congress seem oblivious to their dismal approval rating and the general disgust voters have been expressing since this past summer's debt-ceiling smackdown. But legislators might want to start paying attention when certain critics express concern over their behavior.
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How Steve Jobs Can Save the Economy
Tweet Share on Facebook October 21, 2011 Comment (6)He's gone, but Steve Jobs may turn out to be one of those rare characters whose exalted reputation continues to grow after his death. And the late CEO of Apple might yet exert a beneficial influence on the U.S. economy.
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Why the Wall Street Protests Are Going Mainstream
Tweet Share on Facebook October 20, 2011 Comment (7)Who are they? What's their beef? And what do they want?
As the Occupy Wall Street movement has spread across the nation, pundits have struggled to define what it's about. The protesters themselves boast that there's no established leadership and no particular agenda, except to highlight the financial stress faced by the "99 percent" of Americans who aren't rich.
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How One U.S. Firm Found Salvation in China
Tweet Share on Facebook October 18, 2011 CommentJulie Brinkerhoff-Jacobs knew the recession was going to be bad.
Her landscape-architecture company, Lifescapes International, usually felt the pain early when the economy was on the verge of a downturn, as clients fearing a recession cut back on spending or canceled work completely. And clients were suddenly clutching their cash in the summer of 2008. Lifescapes did a lot of work for Las Vegas casinos, and virtually all of that business shut down, like somebody turning off a faucet. A few Las Vegas clients had hired Lifescapes to do work on their casinos in Macao, the Asian gambling mecca, and those projects got put on hold, too. Almost overnight, Lifescapes’ revenue dropped by 50 percent, a brutal blow for the 50-person boutique firm.
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How the Economy Would Change Under Romney
Tweet Share on Facebook October 17, 2011 Comment (6)Mitt Romney presents himself as a stark contrast to President Obama. Yet if he were to become president and his economic policies were enacted, ordinary people might not notice much of a difference. And that helps explain why he's creeping so slowly toward the front of the GOP pack.
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How Perry and Huntsman Beat Romney on Jobs
Tweet Share on Facebook October 12, 2011 Comment (2)If you're trying to size up the GOP presidential candidates, you may be getting tired of the chest-thumping over which state is No. 1: Texas, Massachusetts or Utah.
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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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