More and more, indebted homeowners are deciding to walk away from their mortgages, instead of facing forced foreclosure. Who will pay the discarded debt?
Mitt Romney is casting his campaign as a defense of free enterprise, hard work, and risk-taking. Easy for him to say: the higher you go on the economic ladder, the easier it is to make money without taking any personal financial risk at all. The lower you go, the bigger the risks.
In today’s America, the president needs to understand the economy measured by middle-class incomes, paychecks, the quantity and quality of jobs, rates of poverty, and income gaps. Romney understand the economy of Wall St., not Main St.
Global financial news has been good ever since the Fed decided to print more money. But consumers still aren't spending, and the new employment figures are hardly signs of real recovery
The Boss has a new album coming out that's heavily focused on economic justice
A country's budget surplus and economic growth generally go hand in hand, but there are some exceptions to the rule.
From washing machines to televisions, from kitchen knives to media players, reliability is an incredibly valuable feature
Income inequality is strongly correlated with the inability of the next generation to achieve the American Dream. The more income inequality, the fewer people can achieve the 'Dream.'
The Fed defends the housing bubble, Fannie Mae's CEO resigns, and Obama wants to convert foreclosed properties into rentals
As you move through life, your dreams will change, so your plans should be steady yet flexible
Mitt Romney asserted that federal low-income programs are administered so inefficiently that “very little of the money that’s actually needed by those that really need help, those that can’t care for themselves, actually reaches them.” But administrative costs only count for between 1 and 10 percent of these programs' spending.
The University of Michigan's Index of Consumer Expectations rose to 68.4, and the Current Economic Conditions Index climbed to 82.6.
The power generated by the Indian Point nuclear plant just north of New York City is cheap and clean, but is it worth the risk?
How is it possible that the most dynamic, best capitalized, most high-tech economy in world history could not add a single dollar to the real wealth of the average working man over a 40 year period?
For every $100 you plan to spend over an item's lifetime, do an hour of research. It will pay off.