Slow economic growth and the depreciating rupee burden consumers
Economy & Policy
Millennial Shoppers: Big on Browsing, Not Splurging
The millennial generation is easily the most studied demographic since their parents, the Baby Boomers. This is not only because Americans are always fascinated by youth culture, and that millennials are growing up during a …
Richmond, California Moves Ahead With Plan to Seize Underwater Mortgages
The city council of Richmond, Calif., has voted 4-3 to proceed with a plan to use eminent domain to buy up underwater mortgages at deep discounts and give homeowners a new, cheaper loan that would have lower monthly payments and decrease the chance that the home will be foreclosed upon.
In addition, Richmond has agreed to help other …
‘One or Two More’ Greece Bailouts Likely
The Greek economy is recovering slowly but may need another boost, says European Central Bank
Chinese Ultra-Rich Increase, Some Escape to Hong Kong
Real estate raises billions, but a credit crunch and clampdown on luxury spending drives millionaires away from the mainland
Study: The 1% Took an Even Bigger Slice of the Pie in 2012
Step aside, Roaring Twenties, you’ve been bested, inequality-wise.
The richest 1% of Americans collected a greater share of household income last year than at any time in the last century, according to a new analysis of IRS …
Mass Layoffs? Overpaid CEOs? Blame McKinsey!
Inside McKinsey & Co., the management consulting firm everybody loves to hate.
Chinese Economy Shows Signs of Recovery
Figures for August show that inflation remains subdued, while exports rise more than expected
U.S. Adds 169,000 Jobs in August, But Economic Outlook Remains Gloomy
The Labor Department announced this morning that the American economy added 169,000 jobs in August and that the unemployment remained steady at 7.3%. In addition, it revised job gains in June and July downwards a total of 74,000 …
Flip-Flops at Work: Millennials Finally Get What They Want
Put on hold during the recession, Millennials’ workplace preferences are again front and center. Here’s why smart companies are giving in.
Japan: Economy is ‘Recovering Moderately’
Japan’s central bank upgrades its assessment of the economy
5 Myths About Living Wage Laws
Washington D.C. Mayor Vincent Gray is uncomfortably nestled between a rock and a hard place. Last Friday, the D.C. council sent a bill (The Large Retailer Accountability Act of 2013) to the mayor’s desk that would require large retailers like Walmart and Target to pay its workers a “living wage” of $12.50 per hour — significantly higher …