Washington’s debt deal raised hope that the U.S. economic recovery might not be so doomed after all. But the threat of a looming debt downgrade remains, which could still increase borrowing rates and put a damper on U.S. growth, if it causes investors to ditch U.S. Treasuries in search of safer havens. And yet, the prospect of a weaker …
Budget Deal Forces Grad Students to Help with Spending Cuts
If you were a politician looking to raise a paltry sum of money to make it look like you’re serious about balancing the budget, there are a number of places you might look. Wasteful farm subsidies, defense spending, and tax …
Federal Lawsuit Filed Over 75¢ Hotel Fee
Think you’re sick of getting nickel-and-dimed with fees when you travel? Meet the man who is literally making a federal case out of a 75¢ charge for the “complimentary” newspaper placed outside his hotel room door.
It’s a Deal: Flights from $10 on Frontier Airlines
Denver-based Frontier Airlines is hosting a special airfare sale in which flights between Albuquerque and Denver cost just $9.99 each way. Tickets between Denver and Durango start at $34, meanwhile, and routes such as Kansas City-New Orleans (from $44) and Milwaukee-St. Louis ($44) are also on sale. Purchases must be made by August 3, a …
Scholastic Boots (Some) Corporate Marketers Out of Classrooms
If you’re like me, you have fond memories of ordering books from Scholastic through your school: bringing home the order forms several times a year and talking your parents into spending $5 or $10 on a Boxcar Children book, The Babysitters Club series, or the latest Newberry Medal winner.
So you may be as disturbed as I am to learn …
You’ll Never Guess the Hottest Retailer in the U.S.
Investment Strategies for a Broke America
Conflicts over taxes, spending and entitlements will very likely continue for decades – and transform the outlook for investing.
Hit by the Fine Print: Three Ways the Debt Deal Could Hurt Seniors on Medicare
Medicare turned 46 last week, but instead of celebrating its major accomplishment — keeping millions of older Americans healthy — it finds itself under siege. The program appears to have squeaked through unscathed in the debt …
Deal or No, the U.S. May Be Downgraded: Why Investors Can’t Rest Easy in the Short Term
At a reception this past weekend for former Secretary of State Henry Kissinger, who is promoting his new book, On China, the onetime statesman said he had never seen Democrats and Republicans so at odds. It wasn’t hyperbole. He …
Could U.S. Manufacturing Slump Signal a Downward Slide?
Stocks are about 3.5% cheaper than they were a week ago, and for value-hungry investors, that number could go even lower this week once reality sets in.
Global Manufacturing Slump: Doom for the Economy?
Markets cheered the last-minute arrival of a debt deal in Washington. But beneath those relieving headlines was some much grimmer news: manufacturing around the world, the lifeblood of the global economy, is in the dumps.
In July, factories in Asia and Europe grew at the weakest rate since mid-2009, according to business surveys of …
Debt Deal Winners and Losers on Wall Street
In a stagnant economy, there are no winners on Wall Street – only survivors. That goes double for Wall Street’s winners (and losers) coming out of the 11th-hour debt deal between Republicans and Democrats in Washington. While …