Know who seemed to enjoy the State of the Union address? The stock market. On Wednesday, the Dow inched above 12,000, a level last seen in June 2008. Maybe investors were cheering the President’s pep talk on “winning the future.” More likely, they dig that chatter about lower corporate tax rates. Even more likely, hard-core data, not the …
To Default or Not to Default?
One of the leading proponents of strategic default—a.k.a. walking away, even when you have the money to keep up with mortgage payments—says there are three situations in which it’s actually a good idea to keep paying the mortgage.
It’s a Deal: 20% Off Everything at CVS.com
Use the coupon code 20WINTER to get 20% off your entire purchase at cvs.com. The code is valid for online purchases only, and it’s only valid for purchases made by January 26.
7 Highly Unusual Ways to Try to Find a Job
Revamping your resume will only get you so far. Here are seven creative—and not necessarily recommended—strategies some struggling job hunters are using to try and find work. This post could also double as: 7 Indicators of a Bad Job Market.
How to Take Part in Davos From Afar
The sky reflects on the logo of the World Economic Forum on the eve annual WEF meeting in Davos. (photo: FABRICE COFFRINI/AFP/Getty Images)
A guest post from business author Don Tapscott:
If you can’t be in Davos, do the next best thing: participate online. The Forum is using social media to make its proceedings more visible …
Arrival at Davos
A guest post from business author Don Tapscott:
Davos – After my wife Ana and I unpacked in our modest 3-star ski hotel we headed off to the new Davos convention center with some trepidation. The center is a maze and a big part one’s success here is logistical – just showing up at the right place at the right …
Is Obama Focused on the Right Strengths of the U.S. Economy?
Rana Foroohar, TIME Assistant Managing Editor in charge of economics and business, weighs in on the economic messages in the State of the Union address:
Factory jobs for life are gone. We should worry about China eating our lunch. Education is the way to a bigger paycheck. Clean energy is good; Big Oil is bad (so are greedy bankers). We
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NBA Tickets for 11 Cents!?!
Last night’s game between the New Jersey Nets and the Cleveland Cavaliers wasn’t exactly a hot ticket. Seats were being offered on StubHub for mere pennies.
Don’t Get Too Cheery Over Consumer Confidence
Americans won’t fully open their wallets until there are more jobs (photo: Fred Prouser/REUTERS)
January’s consumer confidence number just trickled in, and it’s better than anticipated. The headline index rose to 60.3, from 53.3 in December: the market expected it to come in at 54.0. That’s an 8-month high, and the strongest …
Why Are Home Prices Still Falling?
The long and winding housing recovery (photo:Joshua Lott/REUTERS)
Employment is rising again. Consumers spent more in December than they have ever done before. And perhaps most importantly, for the first time in three years there seems to be a broad confidence that the economy will recover in 2011. So why are housing prices still …
It’s a Deal: 40% Off Orders at Modell’s
Now through Wednesday, January 26, use the coupon code MOD4TEN125 to get 40% off your entire purchase at sporting goods retailer Modell’s. Free shipping is available for orders over $49.
Fewer Choices, More Savings: The New Way to Buy Groceries
The average American supermarket now measures over 46,000 square feet—up from an average of around 35,000 square feet in the mid-90s. While most grocery store operations continue to focus on the super-mega-ginormous category, two value-focused chains—Aldi and Save-A-Lot—are going the opposite way, with stores typically under 20,000 …