Toward the end of his State of the Union speech, President Obama quoted Abraham Lincoln: "government should do for people only what they cannot do better by themselves, and no more.” But Lincoln was among history's most aggressive expanders of the reach of the federal government.
The annual World Economic Forum in Davos, Switzerland, will discuss not only the Europe's debt woes but also the future of capitalism. Even some billionaires in Davos are worried about income inequality.
Seasonally adjusted “initial” unemployment increased 21,000 to 377,000 claims from last week, while seasonally adjusted “continued” claims increased by 88,000.
Does urban sprawl cause obesity and unhealthy habits?
Estimates of America's debt vary by tens of trillions of dollars, depending on how you count. The bottom line: It's deep but not yet fatal.
For the specific tasks at which microwaves excel, they’re much more efficient than stove tops and ovens.
Obama's SOTU speech called for lawmakers to “build on the momentum we’ve got right now" by creating incentives for manufacturers, skills for workers, jobs in fossil fuel extraction and clean energy innovation, all financed by a fairer tax code.
Pending home sales dropped 3.5 percent since November, but increased 5.5 percent above December 2010 levels.
The top tax rate on long-term capital gains is currently 15 percent. That’s why Mitt Romney is talking so much about his tax returns. Often overlooked is the fact that the days of the 15 percent tax rate are numbered.
Unemployment is going down. Consumer debt is going up. Even the housing market is showing signs of improvement. But the US economy is far from recovery mode.
In his State of the Union address, President Obama offered a laundry list of new tax subsidies but said almost nothing about a top-to-bottom rewrite of the Tax Code.