The small-business recession isn’t over yet

Goldman Sachs economist Jan Hatzius writes that bad times among small businesses, which are harder for government statisticians to measure than the doings of big businesses, probably means the economy is growing slower than the feds say it is:

We have argued that the weakness of the small business sector may mean that real GDP in the

‘Tis the Season of Regifting

To regift or not to regift: Actually, that’s not the question. The question is: How can I get away with regifting something without getting busted as a regifter, and without coming off like a schmuck or a jerk for giving a present that I didn’t want and may seem totally inappropriate and/or thoughtless?

Australia’s wine glut

The Wine Economist reports that Australia’s overproduction of wine has reached a crisis point:

Australia has an accumulated surplus of 100 million cases of wine that will double in the next two years if current trends continue, according to the report. The annual surplus is huge – equal to all UK export sales and there is no clear

Poor, poor Robert Benmosche

The news that AIG CEO Robert Benmosche is thinking of leaving (now he says he’s staying; see update below) because he’s sick of dealing with those mean, mean federal regulators—especially the ones who want to cap his and his employees’ pay—raised two conflicting thoughts:

1) The federal government isn’t very good at running …

The Art of Using Up Your Health Benefits By Year’s End

Health insurance companies aren’t bashful about getting the most they can out of customers, in the form of premiums, co-pays, deductibles, and so on. So, as the end of the year nears, it makes sense to make sure you’re getting the most out of your policy—especially on stuff you’re entitled to for free, like annual preventive checkups, …

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