What Today’s Stock Drop Says About the Economy

Another day, another loser in the market. At least that’s how it feels. The Dow Jones industrial average dropped 265 points, and now stands at just under 10,400. Yesterday, the Federal Reserve said that it plans to buy more Treasury Bonds in an effort to continue to stimulate the economy. And if the economy needs stimulating then …

Why Does Buying a New Car Still Have to Be So Painful?

Even in today’s marketplace of increased pricing transparency thanks to the Internet, when businesses talk a lot about building strong, trusting relationships with customers, shopping for a car can be a confusing and torturous experience. Today’s consumers have little reason to believe anything that a car salesman says; to be inside a …

Q&A: 100 Days, $100 for Food, and Lots and Lots of Coupons

This week, a blogger successfully completed a self-imposed challenge: For 100 days, he allotted himself a daily allowance of $1 for food. To fill in the gaps (and his belly), he used coupons—ones available to anybody in Sunday newspapers and the Internet—and he used them creatively, at one point using a coupon to buy tampons in order …

Is another food crisis coming?

Once again, jitters are spreading through the world of food. Wheat prices have surged a terrifying 50% since early June, the biggest jump in 30 years, according to HSBC. Droughts in Russia, Ukraine and Kazakhstan, which together account for 26% of world wheat exports, are leading to fears of tight supply and super-charging prices. …

Time for Super Taxes for the Super Rich?

The super-rich are very different than you and me, except that is when it comes to tax rates. Couples making $137,000 pay 25% of their income in federal taxes. But someone making 10 times that or $1.5 million a year, or for that matter $100 million, will pay 35%. Factor in the carried-interest break that some Wall Streeters still get, …

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