The home sales report also found that the median price for sales of previously owned homes was $163,700 – some 5 percent below the median price a year ago.
The International Monetary Fund’s managing director has traditionally been a European male, often a Frenchman. But with Dominique Strauss-Kahn’s resignation amid sexual assault charges, the job is available. A woman is among the leading candidates, and contenders from emerging markets may vie for the top spot. Here’s a look at the possibilities.
How one woman in Brazil used her high school education as a way out of poverty. Already, universal education has boosted half the Brazilian population into the middle class.
Lobbying has intensified for Dominique Strauss-Kahn's old job. Emerging economies may vie for the IMF's top spot.
The world's first cyberstate embraced austerity without whining even though its Soviet-era memories are still fresh.
Shipping companies were visited Monday by European Commission officials looking for evidence of price fixing. US exporters, importers with similar complaints against the shipping companies are watching closely.
Americans are spending 12 percent of their disposable income on energy costs – up from 7.7 percent in 2002, a new study says. Gas prices are the biggest part of the equation.
But affluence – like a separate bedroom for the kids and a good education – could change the culture.
Contrary to the hype, microfinance doesn't help everyone – and microfinance loans sometimes go for personal needs, not a business. But that's OK.
As prosperity becomes the global norm, expect a sea change in social values. 'Survival' values are waning and 'self-expression' values are gaining.
By 2022, those living in poverty will be a minority for the first time, as the global middle class – particularly from BRIC (Brazil, Russia, India, China) nations – surges. Does new affluence signal shifting global power?
As the developing world becomes more middle class, will traditional frugality trump the pollution that goes along with more consumption?
Is it a flush toilet? A cell phone? A shiny car in the garage? Experts use different factors to define the middle class.
American photographer and visiting professor Victoria Crayhon finds a rising generation that’s impatient to see the world beyond Vladivostok, Russia, and find better jobs and opportunities.
With all the talk of debt and unemployment in the US, the US-China economic meeting this week seems to suggest an America in eclipse. The truth, however, is more complex.
Gold prices tumbled 6 percent after hitting a new record in late April. Investors who sense trouble ahead expect gold prices to surge higher. But other precious metals are poised to rise if the recovery strengthens.
Gender inequality in Asia exerts a substantial economic drag, according to the International Labor Organization. Improved education, job training is needed.
To profit from the falling dollar, you can invest in multinational companies or mutual funds that invest abroad. But the most direct way to bet against the dollar is through currency funds.
Every marriage is a little business. "Economics is about how to allocate scarce resources," says Paula Szuchman, coauthor with Jenny Anderson of "Spousonomics: Using Economics to Master Love, Marriage, and Dirty Dishes." "That's what married people are trying to do, given that they have limited resources – time, money, patience." Marriage experts and even economists aren't ready to replace Dear Abby with Adam Smith. "Marriage is more than an economic transaction." says Raymond Fisman, a Columbia University economist. Still, he's a fan of the book. Test these four economic principles on your marriage:
Smartphones with an attachment for swiping credit cards help a Girl Scout troop in Ohio sell cookies to customers who don't want to pay cash
A longer-than-anticipated shutdown of Japan's factories – or the spread of fighting in Libya to major oil producers – could stop a fragile economic recovery in the developed world.
Some 5,800 peasants in Sindh province are set to receive farmland previously designated as government-owned flood runoff. By the end of March, some 92,000 acres will be allotted to women only.
Panama is investing $20 billion to boost itself as a global hub. President Ricardo Martinelli's vision provides a glimpse of the US's newest trade partner as a bilateral free trade agreement works its way through Washington.