A Fat-Finger Anniversary: Was the Flash Crash just a Flash?

Where were you the day the market dropped nearly 700 points in 20 minutes? Don’t remember. You’re not alone.

May 6th was the one-year anniversary of the so-called Flash Crash. It came and went without much fanfare. But on the day of the event a year ago and for a few months after, it seemed like a really big deal – clear sign the US …

Invasion of the Discount Retailers!

They’re an emerging new breed, and they’re coming to a strip mall near you. Filling the empty big-box shells left behind by Blockbuster, Circuit City, and other stores hammered by the one-two punch of the recession and the sharp rise of online shopping, these chains come seeking bargain shoppers (and cheap rent), and they’re numbers are …

Are Top U.S. Earners Over Taxed?

Are wealthy Americans paying more than their fare share of income taxes? That’s a much harder question to answer than Washington might have you think. Republican lawmakers touted a statistic by the Join Committee on Taxation last week that found 51% of households owed no federal income tax in 2009, a number they’re using to push back …

Oil Prices Plunge: Why Gas Might Not Kill the Recovery

The price of oil plunged today, down more than $9 to $99.60. But the largest one-day drop in oil prices since the height of the financial crisis is unlikely to stop talk that high gas prices could kill the recovery.

According to the oil price spike of 2008, whenever gas prices hit $4 a gallon, the economy flips out. Sticker shock at …

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