US Corporations Pay Taxes Far Below Statutory Rate
While the federal tax rate on U.S. corporations has been set at 35% of profits since 1995, the actual tax rates paid by those corporations are far lower.
Economy
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A Third of US Men Use Condoms During Sex, CDC Study Says
About one-third of males in the United States use a condom when they have sex, an increase in condom usage among males since 2002, according to new data from the CDC.
US Household Debt Reaches Record Levels Since Great Recession
The financial crisis roughly a decade ago was a defining moment in U.S. economics and regulation, but really this was a story of debt and who gets left holding the bag.
PPI Report Resurfaces With Hints of Deflation Again
It's one thing to say that there is no serious inflation. It's another issue entirely to be talking about the threat of deflation again.
Saber Rattling Escalates as North Korea Threatens Preemptive Strike Against US
The saber rattling between North Korea and the United States escalated Wednesday as the communist nation threatened preemptive military strikes against the United States.
July Small Business Optimism Climbs, Pay Rises 3%
The small business optimism index rose by less than 2% to a score of 105.2 in July. The National Federation of Independent Businesses reported the score Tuesday morning.
States Replenishing Rainy Day Funds, but Total Balances Smaller Than Before Recession
States have made progress in rebuilding their rainy day funds since the recession. However, most of them still have smaller total balances than they did before the downturn.
In Disaster, Freddie and Fannie Could Need $99 Billion
If the economy fades sharply as it did in the Great Recession, Fannie Mae and Freddie Mac may need $99 billion in bail out money, according to a study by the Federal Housing Finance…
France Wants to Close Tax Loopholes US Tech Firms Love
The French government is preparing a proposal to present at an EU meeting next month to harmonize the member countries' tax rates and begin collecting more taxes from U.S. firms doing business in Europe.
Miami Flooding From Tropical Storm Emily Reminder of Coastal Cities at Risk From Storm Surge
With hurricane season in full swing, the latest downpour in Miami served as a reminder that forecasters predict 2017 will be a worse-than-average hurricane season.
PMI Manufacturing and ISM Manufacturing Show Growth and Mixed Reads on Inflation
While most economic reports have come in with mixed readings lately, the common theme seems to be moderate growth but with mild inflationary pressure.
Personal Income and Spending Add to Weak Inflation Malaise
There is yet another disappointment on the inflation front, one weak enough that it may be one more thorn in the side of the Federal Reserve and Chair Janet Yellen in their ambition to…
Chicago PMI Shows Downtick in Growth but Higher Inflation
The Chicago PMI had been steadily accelerating in 2017, and it reached a three-year high in June, but the July report offered a weaker reading.
Fed Vice Chair Fischer Hits on Low Real Interest Rates
At a speech in Rio de Janeiro, Federal Reserve Vice Chair Stanley Fischer discussed the low levels of real interest rates around the globe, as well as the problems and solutions around them.
Black Women Need to Work 7 Months Into 2017 to Get Paid the Same as White Men Did in 2016
Among the measures of income inequality for both minorities and women are the number of cents each group is paid compared to white males, who are traditionally the highest paid people in America for…