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economy
Why You’re Probably Financially Better Off Than You Feel
There’s no question that for many (if not most) Americans, today’s economy is challenging for numerous reasons we need not list. For a lot of people, though, their sense of economic vulnerability is greater than their actual …
GDP Growth Doubles; Worry Still in Strong Supply
The recovery is back! Or maybe not. On Thursday morning, the U.S. Commerce Department said the nation’s gross domestic product rose 2.5% in the third quarter, nearly double the 1.3% rate it had risen in the quarter before. And …
Giving Season: Signs of Relief for Struggling Nonprofits
The giving season is just around the corner, and things are finally looking up for nonprofits that have struggled to raise funds during the recession.
Why We Can’t Spend Our Way Back To Normal
Every month, one of the most anxiously anticipated pieces of economic information is the Commerce Department’s spending data. Are people in the malls? How deep are discounts? Spending is cheered; frugality causes concern. In the …
Is Warren Buffett Right About The Economy?
Warren Buffett told Fortune magazine’s Most Powerful Women Summit Tuesday that he hasn’t thrown in the towel on the U.S. economy, arguing that the U.S. will avoid a double-dip recession despite rumors to the contrary. Though some …
$54 Billion Closer to Our Next Financial Crisis
After a couple years of austerity, we’re again racking up credit card debt at an alarming clip.
Downgrading the American Dream
The American Dream has been downgraded, too.
Curious CapitalistThe Economy
Obama’s Jobs Plan: Will it be Enough to Revive the Economy?
President Obama’s jobs plan, which he outlined Thursday night in a televised speech to the nation, is more ambitious than many people might have predicted. It’s a $447 billion package including lots of tax cuts and some serious …
Why It Pays to Ignore the Financial News
When it comes to money, it often pays to ignore financial news. The media is in the business of selling news, and to do that, they sensationalize it. Fueled by the over-eager reporting, irrational exuberance can quickly turn to …
Nothing Great About the Good Jobs Number
Here’s the bad news about today’s jobs report: It proves once and for all that we are in a slow growth economy. And that’s worse news than you think.
Even in the Struggling U.S. Economy, It’s Still Only Money
Listening to an interview with an Iranian-American journalist about being detained in jails in Damascus and Tehran, I was struck by the contrast between the extremis of those experiences and the daily drumbeat of high emotions …