The Frothy Fast: Giving Up Food (But Not Beer) for Lent

A man in Iowa is going the full monk. Following the lead set by German monks—who 300 years ago fasted throughout the entire season of Lent, and who sustained themselves solely by drinking water and hearty, calorie-packed beer—he explains the mission at hand: “Getting drunk is the last thing on my to-do list at this time. This is an …

Can China compete with American manufacturing?

No, the headline is not a mistake. I know we’re usually worried about the opposite – whether or not U.S. manufacturers can compete with a rising China. But today I’m turning that question around. What doesn’t get enough attention in today’s discussions about America’s economic competitiveness is that the U.S. remains a robust …

Bond King Bill Gross Exits US Debt: Good News?

Bill Gross says sell (Photo: Jason Reed/Reuters)

US debt may no longer be a good investment, at least for now. And that might be the good news.

Famed investor Bill Gross, who runs the PIMCO Total Return Fund, recently sold all of the US Treasury bonds is his fund’s portfolio. It’s a huge move for the manager of the world’s largest …

Gas Price Spike: A Long-term Job-Killer?

Sky high gas prices, and worry, are back (Lucy Nicholson/Reuters)

The recent spike in gas prices is getting some economists nervous. Higher gas prices, it seems, could mean fewer jobs.

In the past two weeks, the price of gas has risen on average across the country $0.33 a gallon to $3.50. In many places in the country, the price at …

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