Facebook’s Zuckerberg Gives $1 Billion to Charity
Facebook founder and CEO Mark Zuckerberg was the largest charitable giver in the United States last year, donating just shy of $1 billion. A large number of the other largest givers were also from…
Economy
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Newest first · Page 308Food Prices Fall in January: U.N. Report
ThinkstockIn its monthly report on food prices, the United Nations’ Food and Agriculture Organization (FAO) reported on Thursday that its food price index fell nearly 3 points from December to January to a multi-year…
Does U.S. Corporate Tax Base Hurt the Economy?
ThinkstockA newly released study from the Tax Foundation suggests that the marginal effective tax rate on corporate investment is 35.3%. That makes it the highest marginal effective rate of all Organisation for Economic Co-operation…
January Spike in Job Cuts From Retailers and Tech Companies
ThinkstockThe latest monthly Challenger, Gray and Christmas job cuts survey finds layoffs jumped nearly 50% in January, after hitting a 13-year-low in December. U.S.-based employers announced plans to cut more than 45,000 jobs last…
December U.S. Trade Deficit Rises Sharply
Courtesy Maersk LineThe U.S. Census Bureau and the Bureau of Economic Analysis reported Thursday morning that the U.S. trade deficit for December 2013 totaled $38.7 billion, up from $34.6 billion in November. That is…
Fed Presidents Predict End of Bond Buying and Tapering — Soon
Investors have become a bit nervous after a poor January and a rough start to January. Stocks have gone south, and bond yields have come back down from a peak of 3% on the…
As California Drought Grows, Some States May Have Too Much Water
ThinkstockA drought that has started to plague some portions of central California seems likely to grow, and it may be close to permanent. The sources of the state’s water have become scarce enough that…
D-Day in Puerto Rico: Credit Ratings Downgraded to Junk at S&P
ThinkstockStandard & Poor’s Rating Services has just turned Puerto Rico into the equivalent of on of the PIIGS over credit ratings. Well, maybe Puerto Rico did it with poor finances and S&P is just…
Federal Deficit to Plunge to $514 Billion
The U.S. Congressional Budget Office now estimates that the federal budget deficit in fiscal year 2014 will total less than half the $1.4 trillion federal deficit in 2009. Federal revenues are expected to grow…
ISM Manufacturing Growth Slows to Almost None
The Institute for Supply Management (ISM) said Monday that its report on business in the manufacturing sector showed much weaker growth than expected, though it managed to expand for the eighth consecutive month.
Could California Drought Hurt U.S. Economy?
California has come back from the Great Recession, buoyed by the rise of new technology companies and a modest recovery of its agricultural industry. Now a drought could set back much of the recovery…
America’s Fastest Growing (and Shrinking) Economies
ThinkstockIt’s been a slow recovery, but according to a recent report, U.S. economic growth is expected to pick up in the coming years. The nation’s economy grew by 1.9% in 2013. This year, the…
Europe Unemployment 12%, Above 25% in Greece and Spain
ThinkstockThe seasonally adjusted unemployment rate in the 17-nation eurozone was 12.0% in December, according to Eurostat, the statistical office of the European Union. The rate has been stable since October, and it is barely…
Wyoming Most Conservative State, D.C. Most Liberal
ThinkstockThe most conservative Americans live in the Plains States and the South, which probably comes as no surprise. And the liberals tend to live in the Northeast and on the West Coast, not surprising…
GDP Growth May Be Better Than the 3.2% Report Looks
ThinkstockThe Commerce Department’s report on gross domestic product (GDP) has been released for the fourth quarter of 2013. The headline shows growth of 3.2%, which met the Dow Jones estimate of 3.2% and surpassed…