Today, the average cost of a family health insurance offered by an employer is $13,375. That’s up 131% over the last decade—a period in which inflation rose only 28%. And one estimate says that if costs continue on their current trajectory, premiums will go up another 166% in the decade ahead.
Bruce Judson doesn’t buy the argument, made on the front page of the WSJ last week, that “the deepest downturn in the U.S. economy since the Great Depression may finally shrink the gap between the very best-off Americans and everyone else.” Yes, the highest incomes do tend to drop sharply during market downturns, thus reducing income …
Nearly every route is on sale from Southwest Airlines, with flights starting at $49 each way on routes such as Boston to Baltimore, $89 between Denver and Los Angeles, and $129 between Houston and Detroit. Tickets must be purchase by September 17. More details here.
Karen Tumulty has the story of the year:
As you can imagine, Buffett was hearing from a lot of people on that crazy weekend exactly a year ago, when the financial world was falling apart. AIG, desperate to come up with $18 billion, begged him for help. “Don’t waste your time on me,” he told them. “I’m not going to be able to do anything
We all know what a pickpocket is. A putpocket, on the other hand, is a pickpocket who has changed his ways. When a putpocket has his hand in your pants, it’s actually a good thing.
OK, so we’ve got a post that names 11 useless baby products. What are the things that parents actually do find useful when they have a baby?
Today, Toys R Us is announcing that it is opening 80 new temporary toy stores and 260 mini-toy shops within Babies R U locations to gear up for holiday-season shopping. Retailers like Sears, Wal-Mart, and Target are also ramping up efforts to get toys moving off of their shelves in what’s expected to be a wild, super-competitive, …
Economist Hyman Minsky, who never got much attention while he was alive, has become one of the big celebrities of this financial crisis. In Sunday’s Boston Globe, Stephen Mihm has the best account of Minsky’s life and significance that I’ve seen so far. A sample:
Today most economists, it’s safe to say, are probably reading Minsky for
I’ve got a Lehman Day piece up on TIME.com about what the heck we’ve learned over the past year. Meanwhile, I’m still working this morning on a longer version for the magazine. So if there’s anything egregiously wrong with the online article, please let me know so I can fix it.
Not long after starting to raise a child (or three), you begin to realize that you don’t need a lot of the stuff baby stores try to convince parents to buy.
To entice buyers, an apartment building in Brooklyn Heights is throwing in a free parking space, along with something to park there: a 2009 Audi A4. All you have to do is buy an apartment that costs over $2 million.
Foliage season is just about upon the Northeast. The leaves will surely be pretty, and the raking, blowing, bagging, and lugging waste to the curb are sure to bring on aching backs. But is there is a better way to clean up your yard than brown-bagging it.