Women control about $19 trillion of wealth, including earned and inherited assets, which accounts for more than three-quarters of our nationʼs financial resources. The vast majority of women must handle their own finances at…
The debt-ceiling Armageddon being fought in Washington has never been chiefly about money. Because everyone except the most extreme members of the Tea Party Movement knows that the debt limit must be raised, Republicans…
The number of layoffs at large companies dipped as the recession ended in 2009, but the practice is back with a vengeance, renewing concerns the trend will cause another period of steep job losses.…
Taking a summer vacation as a reward for working hard all year long is ingrained in the American culture. But the significance of these annual trips goes far beyond refreshing one’s mental health. Local…
The Thomson Reuters/University of Michigan consumer sentiment survey posted its lowest number since March 2009. Who says the recession is over? “The preliminary reading for the consumer sentiment index dropped to 63.8 in July…
The prices of oil, gasoline, and petroleum by-products have fallen in the last 60 days, and the prices of commodities passed through to food companies and clothing retailers have risen. The government reports that…
The price of austerity has begun to hurt local and state government employment again. The trend is the continuation of one that started three years ago as a sharp drop in tax receipts decimated…
Any good news about jobs is surprising news. The data about unemployment has been that bad. The economy is not supposed to add to non-farm payrolls much more than a few hundred thousand jobs…
The Federal Reserve barely cuts its forecast for GDP growth in this year and next. The agency estimated the economy will expand 2.7 percent to 2.9 percent this year, down from a forecast of…
It’s the worst time of the year. It is not enough that the hot summer has already brought 100-degree temperatures to many areas. Worse yet, it is hurricane season and hurricane season is off…
Source: OECD Statistics Moody’s threatened to downgrade America’s sovereign debt primarily because the Democrats and Republicans cannot settle on a compromise to increase the debt cap. The action will probably add pressure to House…
The price of regular gasoline never reached its all-time national record of $4.11 as some had feared. Several research firms show the price of a gallon of regular has dropped 5% or 6% over…
The minutes from the latest FOMC meeting on April 26 to 27, 2011 have been released. The key takeaway here is that the FOMC has admitted that it has started real discussions on how…
A new survey by The US Chamber of Commerce shows that small businesses do not believe an economic recovery is under way. The data is important because, by most measures, firms with under 500…
Journalists who cover Congress usually believe that they are smarter than the public servants. Politicians think most journalists are biased dolts. Each group has now had a chance to publicly interview Ben Bernanke and…