The Federal Reserve Board is openly mapping out an actual job-killing strategy and drawing almost no attention at all for it. The Fed's job-killing strategy centers on its plan to start raising interest rates, which is generally expected to begin at some point this year.
Today, the Earth got a little hotter, and a litte more crowded. @@ Climate Change, The Elevator Pitch: Climatologist Simon Donner ...
Even with the recent years' increases in home values, employment and economic stability, a large number of homeowners still face the loss of their homes in the near future.
During the last two years of a president's second term pundits begin discussing his "legacy." How will historians judge Barack Obama?
We are living in an age of science fiction -- humans are overcoming the limitations of our brains while machines are acquiring superhuman capabilities. The most exciting technologies combine what humans do best with what machines do best. But it is premature to think we have overcome every challenge. Here's how we can prepare for the second machine age.
Question: I Can't Pay My Bills. What Can I Do? Dear Steve, I'm so completely freaked out about my bills. I'm now so in debt and worried about it...
Money is the #1 worry for Americans, according to the Stress in America survey released by the American Psychological Association. And here's the problem with stressing over money.
Last December I wrote about a bank merger deal that could create yet another "too big to fail" bank from the smoking embers of two of the very banks that helped blow up our economy in 2008: OneWest Bank (formerly IndyMac) and CIT Bank. While I'm baffled that this merger is still pending, I'm happy to report a bit of good news.
When the political establishment wants to pass major trade agreements, we see respectable Washington types making pronouncements bearing so little relationship to reality that they would cause Sarah Palin to cringe. The Washington Post gave us one such gem last week when it took issue with those saying currency rules should be part of the Trans-Pacific Partnership.
In the summer of 2013, a sharp spike higher in interest rates caused by the "taper tantrum" (fear that the Fed will soon end monetary easing) reduced both housing affordability and the opportunities to lower mortgage rates through refinancing.
Recently, a study by Education Week found that Mississippi has the worst schools in America. Mississippi ranked 51st -- behind every other state, and the District of Columbia.
We're not suggesting that everyone who gives retirement investment advice is taking advantage of their clients, since many advisers do act in their client's best interest. But, because the law does not require them to do so, far too many do not. That's why the President's recent action is so important.
Today, the Earth got a little hotter, and a little more crowded. @@ Deadpan Climate Humor At Its Best: Philomena Cunk Moments of Wonder - Climate...
In the past, Singapore's economic prowess was attributed to a highly disciplined workforce, aided by a populace that (purportedly) preferred growth over democratic rights, and enabled by a no-nonsense, autocratic style of governance. Ironically, such a regimented approach is undoing much of what has been accomplished.
This week, the White House held a Summit on Combating Violent Extremism. Walking through the Albuquerque airport on the day of the Summit, I was surprised to see a TV headline ask the question, "Is ISIS a religious group?" It is an absurd question. Of course it is a religious group.
This is not what democracy looks like -- secret trade deals rammed through in record time that guarantee fat corporate profits, but likely result in net job loss and wage competition that leads to pay stagnation in the U.S. for years to come.