This year, day-after-Christmas sales are expected to be even more festive than usual. Fortuitous timing and Americans' renewed willingness to spend should cap the improved retail season.
The momentum doesn't mean the economy is running full steam ahead. But the recent reports, including on consumer spending, suggest that the economic recovery may be gaining traction.
According to the US Census, Michigan is the one state in the nation to see its population drop over the past decade. The steep decline in the auto industry is mostly to blame for driving people out.
The city will use federal funds to buy and rehab vacant homes in targeted neighborhoods, says Mayor Dave Bing. It's part of a strategy to cope with a shrinking Detroit and to battle blight.
Shanghai, China, trounced the competition in an international test of 15-year-olds. The Programme for International Student Assessment measures skills in math, science, and reading.
China has gone to extraordinarily lengths to stop any of political prisoner Liu Xiaobo's friends or family from attending Friday’s Nobel Peace Prize ceremony in Oslo.
Surveys show that more consumers want to get a jump on Black Friday and shop on Thanksgiving Day. With retailers desperate to boost sales, an increasing number are staying open.
GM stock is trading again, after automaker's emergence from bankruptcy and a partial government takeover. But the debate goes on over the wisdom of the US bailout.
America's Big Money economy, of investors and CEOs, is recovering nicely. The Average Worker economy still has ongoing unemployment, mountains of debt, and falling home values.
The problem for Republicans after Tuesday’s election is that Americans are opposed to Big Government, but only at a high level of abstraction. Translating that general sentiment into specific program cuts that are popular, or even tolerated, is the hard part.