40-Year-Old Deadbeat

At least partly because of the recession, more and more fully-grown people—ones you’d probably refer to as “Sir” or “Madam,” or at least as “adults”—are financially dependent on their parents.

$300 Jeans: Going the Way of Acid Wash?

When you look back on fashion trends, what you see is often not pretty. Now, in light of a bleak economy—and a rather obvious realization that denim is just, well, denim—we can all turn to someone who bought a $300 pair of “premium” jeans and say, “What the heck were you thinking?”

What 3.5% GDP growth means

What can we learn from this morning’s surprisingly strong 3.5% real GDP growth report?

1) Goldman Sachs does not know all. The bank’s economists had been on eerie run of sending out prescient alerts the day before major data releases—mainly the monthly employment numbers—that described in detail how the consensus was going to be …

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