Hip, hip hooray. We have jobs. But the fact that that’s the economic cheer of the day is a bit depressing. Still, for the first time in months, the most important indicator of where the economy is headed was better than expected. And it showed that we are actually moving farther away from a recession, [...]
Steve Jobs was more than just a businessman. He was a symbol of America’s continued global economic dominance, and a model of how the U.S. can maintain that dominance
Figuring out just what the Occupy Wall Street movement wants has been difficult for even reporters who are steeped in policy and liberal platforms. Ezra Klein of the Washington Post heads down to ground zero, both literally and figuratively, for Occupy Wall Street, and comes away with this: Some of the people camped out Zuccotti [...]
Arsen Avakian believed that coffee-obsessed Americans could be taught to share his passion for tea — and built a $15 million business to prove it
As Apple fans mourn the unfortunate loss of Steve Jobs, the great innovator will be remembered most of all for how his ideas changed people’s lives. But in the world of business, he will also be honored as an absolutely brilliant CEO. Jobs possessed the rare ability to link emerging technologies with consumer habits and [...]
A country populated by people whose nationality here doubles as the name of a sugary breakfast treat is probably the last place you would expect to take on fatty foods. But that’s exactly what’s happened. This week Denmark became the first country in the world to levy a tax on fats. Danes will pay an [...]
In the clearest indication yet that Europe’s sovereign debt crisis is morphing into a wider, financial sector crisis, a big European bank might be looking at a break up. The talk in Europe is that French-Belgian specialty lender Dexia could be dismantled, with healthy units sold off and other assets dumped into a “bad bank.” [...]
Mort Zuckerman repeated a charge in the Financial Times this week that President Barack Obama is “anti-business” and that is why the U.S. recovery remains anemic and corporate America isn’t hiring. Here’s a bit of what the editor of U.S. News & World Report had to say: The fear is that a double-dip, or worse, [...]
The twist is on. On Monday, Ben Bernanke launched his latest effort to boost the economy. The stock market, for one, seems skeptical it will work. The plan, which has been dubbed Operation Twist, is for the Fed to cash out of $400 billion worth of its short-term bonds and replace them with long-term debt. [...]
