Business The New Economy

  • The New Economy Fed is powerful, but not free of mistakes

    The Federal Reserve, which on Wednesday decided to continue with its tapering program by withdrawing $10 billion of monthly stimulus money, directs US monetary policy with a combination of data and anecdote, quantitative analysis and horse sense. But sometimes the world's most powerful bank gets it wrong, as a new book points out. 

  • The New Economy Unemployment rate falls, but teens get left behind

    Unemployment rate plunged to 6.3 percent in April, but teen employment still lags behind pre-recession levels. Why the high teen unemployment rate? Fewer teens want to work, and the ones who do face increased competition from immigrants, retirement-age workers, and even college and high school graduates. 

  • The New Economy Mobile wallet battle heats up among PayPal, Apple, and Google

    Google is upping the stakes in the battle for online transactions by rolling out a service that allows Gmail users to send money and sign up for Google Wallet. Apple and PayPal are pushing their own versions of one-click pay services.

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July 9, 2014

Photos of the day 07/09

Indian laborers carry a load pf vegetables at a wholesale market in Kolkata, india.

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