A worker at Best Buy helps shoppers get carts on Black Friday (photo: Shannon Stapleton/REUTERS)
We might need a jobs recount.
The employment numbers came out on Friday morning for November and they were far lower than people were hoping for. But here’s the problem: The employment picture might not be as disappointing as the number …
An AARP volunteer helps a man fill out his taxes (photo: Jonathan Ernst/REUTERS)
If you are a minority, you might want to take extra care filling out your taxes this April. Apparently, the Internal Revenue Service is gunning for you.
According to a study released on Thursday, African-Americans and Hispanics are twice as likely to get …
Tomorrow the government will announce the jobs number for November. Companies are expected to have added nearly 150,000 jobs last month. That’s not a lot compared to the millions people who are out of work. Indeed, the unemployment rate is not expect to fall from its current 9.6%. But if the jobs number is even lower than expected, …
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Why are there fewer female CEOs? One professor says he has the answer. Call it the Competition Gap.
For the past four decades, ever since women began vying with men in the workforce on a large-scale, economists have wondered when gender differences in pay and achievement would shrink. In recent years the question has …
If you ask me, yes I am worried about inflation (Photo: Brian Snyder/REUTERS)
Apparently, if you want to talk turkey about hyperinflation Thanksgiving is a good time to do it.
There has been a lot of debate recently about whether prices are rising or not. The government’s measure of inflation the consumer price index, or CPI, is up …
The new homes market is looking more and more barren (Photo: Chris Keane/REUTERS)
It might be time to bring back the home buyer tax credit.
On Wednesday, a day after the National Association of Realtors said sales of existing homes dropped 2.2% in October, the Census Bureau said that new home sales had dropped a full 80% below their …
(Photo: Shannon Stapleton/Reuters)
Nassim Taleb has a new book coming out, and is doing a new round of interviews to promote it. One of his stops will be here with TIME. But unlike the other interviews, here at TIME we let you do the asking. So if you have some questions for Mr. Black Swan himself, click here. Will Ben Bernanke …
Savers, Ben may actually be smiling on you (Richard Clement/REUTERS)
The Federal Reserve Chairman Ben Bernanke has caught a lot of flack, to say the least, about the central bank’s decision to use government dollars to buy Treasury bonds. The plan is commonly called QE2, and it is supposed to drive down interest rates and boost the …
Hey inflation, I’m going to pump you up, maybe (Scott Audette/REUTERS)
Sarah Palin is concerned that Federal Reserve Chairman Ben Bernanke may cause inflation to shoot up and stay there. But could the greatest potential culprit of wealth-destroying, Germany-1930s-type hyper-inflation be, not the central bank, but Palin and the Tea …
The US probably won’t get as good a deal on its GM investment(Carlos Barria/REUTERS)
A lot has been made of the fact that much of the US bailout of the banks actually turned a profit for Uncle Sam, or close to it. The auto industry bailout: Not so much.
On Wednesday, GM said it hopes to sell 365 million shares to the public at around …
Let’s hope Ben is ordering the right kind of stimulus. (Jo Yong-Hak/REUTERS)
The Federal Reserve’s long awaited, much anticipated and plenty feared plan to revive the economy is here.
After two days of debate, Ben Bernanke and his fellow members of the US central bank’s policy committee voted to spend an additional $600 billion to …
Economist Paul Krugman is among those questioning the Fed (Chip East/REUTERS)
Back in December, Paul Krugman, the Nobel Prize winning economist and NYT columnist, wrote an Op-Ed saying the Federal Reserve can and should do more to boost employment. Krugman’s prescription was for the Fed to spend trillions of dollars buying long-term …
