The Obama Administration is having pretty much the worst week ever, but somewhere amidst the fog of scandal lies some pretty good news about the budget deficit, namely that the Congressional Budget Office (CBO) is predicting it will be much smaller in 2013 than was projected just a few months ago.
That’s right, the federal budget …
The previous upturn in housing prices faltered after a year, but all the signs suggest that the current home price recovery will be sustainable.
Jaron Lanier’s latest book, Who Owns the Future?, begins by noting an instructive coincidence: the bankruptcy of the photography giant Kodak occurred within months of Facebook’s billion-dollar acquisition of the photo-sharing site Instagram. This would be just one example of the destructive dynamism of American capitalism, a process …
For many student borrowers, when repayments kick in six months after graduation the looming debt can feel as though it’s following them around like a dark cloud. Face the Red, a short film from the directors of Martha Marcy May Marlene, cinematizes that feeling by having a menacing red cloud follow around the film’s star.
Curious CapitalistEconomy
Economic pundits are bemoaning the fact that first quarter GDP numbers released last Friday were weaker than expected – growth was 2.5% rather than the 3% that everyone had been expecting.
I actually took it as positive …
In just over a week, Kmart’s 30-second “Ship My Pants” spot — go ahead, say it quickly — has received close to 13 million views online. The viral hit should give the struggling retailer some much-needed buzz. It might also call …
Left for dead by MTV in the mid-2000s, music videos have become a popular and revenue-generating enterprise online.
The Cyprus government is scrambling to find alternative ways to fund its part of an E.U. bailout, including asking for help in Moscow, after the island’s parliament resoundingly rejected the terms initially agreed. The …
With its $13 billion agreement to bail out Cyprus, the E.U. this weekend thought that it had successfully doused the latest threat to its single currency, the euro. Cyprus has run into trouble because its banks are heavily …
When was the last time you stopped to pick up a penny? Considering most of us consider the one-cent coin almost worthless these days, it’s probably been a while. Still, the U.S. penny persists
During this year’s TIME Davos panel “Leading through Adversity” — video highlights of which you can watch below — TIME International editor Jim Frederick asked some of the world’s biggest players in the global economy a simple question: Are leaders too risk-averse in their efforts to bring the economy back on track?
It’s not an …
The Mast brothers followed their passion for chocolate to create a growing artisan business in Brooklyn, NY
