Will you be barbecuing this Labor Day, or slaving away at the office? According to new survey data from Bloomberg BNA and Beyond.com, many Americans will have the somewhat ironic pleasure of laboring on the day that’s meant to commemorate the “social and economic achievements of the American worker.”
Bloomberg BNA data shows that 39 …
Nationwide fast-food strikes are ramping up today, as thousands of low-wage restaurant workers are walking off the job, demanding the right to organize and wages as high as $15 per hour.
The issue of fast-food worker pay has been in the news a lot lately, after McDonald’s published a much maligned sample budget for its low-income …
Apple‘s announcement last month that its customers had subscribed to more than a billion podcasts in the eight years since the medium’s iTunes debut may have taken some by surprise. After all, since the debut of podcasting, seemingly more revolutionary technologies like Twitter and tablet computers, not to mention the ubiquity of online …
The U.S. housing market is still on a hot streak, as evidenced by yesterday’s Case-Schiller housing numbers which showed home prices rising on average 12.1%. This follows a year-long trend of double-digit annual housing price increases, in which some cities are actually seeing higher home values than before recession.
But for some …
Come mid-October, the U.S. government will no longer be legally allowed to issue more debt, according to a letter written by Treasury Secretary Jack Lew to Congressional leaders earlier today. That’s when the Treasury will …
Economist Edmund Phelps has spent most of his career investigating the conditions of economic growth. It is a worthy topic of a life’s focus, given that an increase in growth from the current level of about 2% to 4% would solve …
Playing the markets isn’t easy, even for the most experienced investors. But in the wake of the financial crisis and the Federal Reserve’s subsequent efforts to stimulate the economy, understanding securities markets has in some
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The 2008 financial crisis has left us with no shortage of economic problems, but among the most worrisome is the scourge of long-term unemployment. Though the official unemployment rate has fallen from more than 10% in October …
Would you like a raise? How about more vacation? Of course you would. If you’re anything like me, one of your main motivations each day at the office is the prospect of advancing, making more money, or even earning more time off …
Should the companies managing your 401(k) be allowed to sell you products that they know will actually make your retirement less secure? That’s the question being debated in Washington, as regulators mull rules that would require …
For much of the summer, Washington’s policy elite have been focused on the question of who will become the next chairman of the Federal Reserve. One of the most powerful positions in the federal government, the role of Fed chair …
On Thursday, the Federal Housing Finance Agency (FHFA) sent a strong message discouraging municipalities from using eminent domain to help bail out distressed homeowners — dramatically changing the tenor of a closely watched …
