Ben Bernanke and made an open-ended commitment yesterday to purchase mortgage-backed securities at a rate of $40 billion per month, aiming to inflate asset prices and pump fresh credit into the economy. The move answers critics …
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New Public-Private Partnerships: The President’s Stealth Plan To Create Jobs?
As casual reading, the Presidential Memorandum “Accelerating Technology Transfer and Commercialization of Federal Research in Support of High-Growth Businesses,” released Oct. 28, 2011, is about as riveting as the Department of …
New Jobs Figures Are Bad News for Obama
It wasn’t what the Obama Administration wanted to hear. The new employment figures out this morning show that the U.S. economy created a mere 96,000 jobs in August, far fewer than the 130,000 that most economists were …
Hurricane Isaac Causes Billions in Damage, But Far Less Than Katrina
After stalling for days over Louisiana and Mississippi, it’s estimated that Hurricane Isaac could cause up to $2 billion in onshore economic damage.
When Hurricane Katrina swept through New Orleans seven years ago, it left a …
Tropical Storm Isaac to Boost Gas Prices Even Higher
The highest gas prices ever for this time of year are about to go skyward yet again, thanks to Mother Nature.
Six Reasons Why “Gamification” Will Rule the Business World
The new fall TV season marks a happy resurrection: The Pyramid, the most recent update of the 20th-Century classic game show The $10,000 [$25,000] [$100,000] Pyramid, this version from Who Wants To Be A Millionaire? creator …
The Six Daunting Financial Problems Facing America
Solutions to the economic problems that the U.S. faces are unpalatable, and there’s a dangerous temptation to avoid dealing with fundamental issues.
Nothing to Hide: Why Restaurants Embrace the Open Kitchen
In the past, restaurant customers may have preferred food to magically appear out from behind closed doors, with no indication whatsoever about how the sausage is made—figuratively or literally. After years of hearing Big Food …
Spotify is Growing — But Why Isn’t It Growing Faster?
Spotify has frequently been hailed at as the savior of the moribund music industry. Sooner or later, the pundits argue, a streaming music service that gives users unlimited access to virtually every piece of recorded music in the …
How Not to Sabotage Yourself at Work
To paraphrase the old saw about suckers at a poker table: If you can’t spot the sneaky gossip at the office, it’s probably you. But you probably shouldn’t be looking for him or her at all. That’s the conclusion of an interesting …
Riunite On Ice, Version 2.0
Wine importer Banfi found critical mass with Riunite in the 1970s. Now it’s looking to win over the younger set with a new lineup of chilled sweet wines.
Hooters’ Big Experiment: New Menu, New Decor and a New Target Audience
Over the past several years, Hooters’ sales have been on the decline. So the “breastaurant” is now undergoing a three-to-five-year revitalization plan, which will include an updated menu, renovated restaurants and an attempt to …