The recovery has been slow, but not because of Europe's debt crisis, Wall Street, or high taxes. American consumers, whose spending is 70 percent of economic activity, don’t have the money to buy enough to boost the economy.
Goldman Sachs, Bank of America and Morgan Stanley among the Wall Street giants that have continued to buy up bonds in debt-laden Italy and France. Hopefully these risky moves pay off. Because Wall Street never makes bad decisions.
While optimists may hang on to the small morsels of agreement between Senator Baucus and Representative Camp's tax reform proposals, in general the dueling plans are opposites, making bipartisan cooperation on the issue seem unlikely.
Astute truck shoppers may have noticed a baffling recent trend: why are two essentially identical models priced differently by brand? It's a complicated issue that has a lot to do with marketing, but the average consumer's safest bet is to just go with the best price.
Moving to a new city can be tough, and finding new frugal friends in that city can seem daunting. Our personal finance guru offers encouraging words of advice: be social, be confident and have the courage to say hello and introduce yourself. What have you got to lose?
New data for April housing market shows prices declined by 1.17 percent, year-over-year from last April, but are now headed higher as is typical of the more active spring-to-summer selling climate.
If this big Euro experiment is going to succeed, it is important that things in Italy stay fairly stable. The good news is, the country's banks are in relatively good shape and its leader appears competent. The bad news? A massive sovereign debt load.
Glenn Beck has signed a five-year, $100 million syndication contract, extending his popular conservative talk radio program. Glenn Beck left television last year amid dwindling ratings, but his radio show is the third most popular in the US, airing on 400 stations and maintaining a robust, growing following.
Income inequality has become a central issue in the presidential election, with President Obama declaring it “the defining issue of our time,” Mitt Romney decrying “the bitter politics of envy,” and Romney’s former Bain partner (and current campaign contributor) Edward Conard arguing, in a new book, that income inequality is something America needs more of. To evaluate what the candidates say in the coming months, you’ll need a working knowledge of the topic. How well do you know American inequality? Take this quiz based on my new book, "The Great Divergence":
Making that initial pitch to potential investors is an essential, and often terrifying step in the start-up process. Conventional wisdom encouraged a pitch of ten Powerpoint slides, but a new trend is pushing consolidation and concision, limiting entrepreneurs to just five slides.
A staunch libertarian, presidential candidate Ron Paul has always had interesting ideas about how best to run the American economy. From Austrian economics to the gold standard and free market money, a new book outlines and defends Paul's plans.
Funded by cheap credit and government spending, Bonner foresees an impending war ahead between the zombies — people who take money from the productive sector of the economy and transfer it to themselves — and the productive parts of the economy.
Looking for a weekend project? Poorly-sealed windows and doors allow air to leak out of your home, forcing appliances to run longer to compensate. But air sealing your home stops the leaks, and puts those wasted dollars back in your wallet.
Credit scores for children and spouses can be helped by adding then as authorized users on your own credit card. But does that put your own credit scores at risk from their behavior?