CEO Pay: Enough or Too Much?
A research paper due to be presented at the annual meeting of the American Accounting Association next month concludes the CEO pay may not be too high.
Economy
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Exceptional Drought Levels Move Toward Zero In U.S.
At one point, the U.S. Drought Monitor map showed the presence of “exceptional drought”, the worst category designated by researchers, across much of California and a large portion of the areas of northern Texas…
Millennials Spend More on Food, Cell Phones, Less on TV Than Older Generations
Millennials are spending significantly more than their elders in four of six categories examined in a survey from Bankrate.com. Those between the ages of 18 and 36 are spending more than their older peers…
Back-to-School Spending to Top $83 Billion, Says Retail Group
Buoyed by a strong job market and a stable economy, consumers are forecast to spend $83.6 billion on back-to-school and back-to-college items, an increase of more than 10% from last year’s $75.8 billion, according…
Over 1 Million Teens Hired in June, Most in 10 Years
Hiring for teens took off in June as companies employed 1,023,000 workers aged 16 to 19, the most since 2007, following a below-average May, according to the latest analysis by Chicago-based global outplacement and…
Obamacare Repeal Would Increase Number Of Uninsured By 27 Million In 2020
The Congressional Budget Office forecast a massive balloon in the number of Americans without insurance if Obamacare repealed. The number of uninsured would rise by 27 million in 2020.  The Republican effort to repeal the legislation…
June Import and Export Prices Confirm Lower Inflation Versus Fed Targets
The market has already seen lower-than-expected news on the consumer inflation front for June. Now the Labor Department is showing more confirmation of that news from its report on June’s import and export prices.…
New York Fed Manufacturing Survey Indicates Slower Growth
The July report from the Federal Reserve Bank of New York shows business activity grew only modestly in the state.
America Is Running Out of Workers
The employment situation in America is so robust that it has started to drive up labor costs for employers.
Why Americans Are Foregoing Retirement
More older Americans than ever before are continuing to work beyond the traditional retirement age of 65. Their reasons vary, but the vast majority expect to supplement their retirement income by continuing to work.
Inflation and Retail Sales Continue to Disappoint
Some fresh economic readings show why the Federal Reserve may be less robust in its tightening efforts. The consumer price index and retail sales in June were both weak.
170 US Coastal Communities Face Chronic Flooding by 2035, Say Scientists
By 2035, about U.S. 170 communities, or twice as many as today, will face chronic flooding, with more than 100 seeing at least a quarter of their land chronically flooded, if preventative measures are…
Did Janet Yellen Just Signal That Rates Will Remain Lower for Much Longer?
While many investors look over each and every word for clues about monetary policy ahead, Fed Chair Yellen's prepared remarks for the testimony contained no major surprises.
44 Million People — Not Just Millennials — Have a Side Job
The economy has created the side hustle — earning extra money apart from main source of income — and apparently more than 44 million American adults have one.
June Small Business Optimism Slips, Pay Dips 4%
U.S. small business optimism declined slightly month over month in June and is down more than two points since a recent peak in January.