Standard & Poor’s decision to strip the U.S. of its triple-A credit rating, whether we agree with it or not, signals a turning point for the entire global economy. Because of the unique role the U.S. plays in the world economy, a downgrade of the U.S. isn’t anything like a downgrade of Greece or Spain. For the past century, and …
Oh No They Didn’t: Econ Bloggers React to the S&P Downgrade
Standard & Poor’s was heavily criticized for its decision on Friday to downgrade for the first time in its history the credit rating of the debt of the United States. Politicians, and in particular Republicans, came under fire for having let the debt ceiling standoff go on for so long. And it was unlikely that the downgrade would do …
What the S&P U.S. Credit Rating Downgrade Means
Ignore all the grumbling you will hear in the next few days about Standard & Poor’s. Yes, the ratings agency miscalled tens of billions of dollars of mortgage bonds leading up to the financial crisis. Yes, it’s an organization fraught with conflicts of interest, where debt issuers game the system to get the highest ratings. And yes, even …
127 Money Tips: Snag the Best Deals on Diapers, Cars, Pet Supplies, Healthy Foods, Insurance, and More
Also, wanna start making more money? Consider making a bet with a friend, in which the person who earns the most next month will get a free dinner—courtesy of the loser.
It’s a Deal: Go Bowling for Free on Saturday, August 6
Get a coupon at GoBowling.com that can be redeemed for a free game this Saturday at participating bowling alleys around the country. The promotion celebrates the end of (who knew?) National Bowling Week.
Nothing Great About the Good Jobs Number
Here’s the bad news about today’s jobs report: It proves once and for all that we are in a slow growth economy. And that’s worse news than you think.
Nothing Great About the Good Jobs Number
Here’s the bad news about today’s jobs report: It proves once and for all that we are in a slow growth economy. And that’s worse news than you think.
Next to recent headlines, of course, most people would take slow growth. For the past few weeks, more and more forecasters have been saying that the economy may start to shrink and we will …
How to Make a Healthy Diet More Affordable
Eating a healthier diet, like the one recommended by the U.S. government, is no easy undertaking — not least because of its high cost. A new study published on Thursday in the journal Health Affairs calculates that it would …
Why You’re Likely to Be Hassled into Buying College Football Tickets
College sports are becoming more like the pros every day. To fill stadiums and maximize revenues, college football programs are outsourcing ticket sales to aggressive, leave-no-money-on-the-table sports marketing firms. Sales …
5 Takeaways From Thursday’s Market Plunge
As Mike Tyson once put it: “Everyone has a plan until they’re hit in the face.”
Well, investors certainly took one on the chin Thursday, with the stock market falling 513 points – off 4.31%, as measured by the Dow Jones …
Get Ready for Higher Property Taxes
The property taxes on my condo just went up 17%. That would be a breathtaking number if I wasn’t so used to it: Last year they jumped 16%. The problem here in New York City is that there are fewer real estate sales than during the boom, so the city has to make up the missing revenue from somewhere. And guess what? Existing homeowners are …
The Falling Stock Market’s Evil Twin: The Falling Dollar
A sinking dollar may be great for parts of the U.S. economy but it sure is tough on certain investors and retirees. Here's how to deal with the fallout.