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How to Solve the US Budget Crisis -- Dismiss the Super Committee

Lyric Hughes Hale | Posted 01.23.2012 | Politics
Lyric Hughes Hale

The US budget debate has been highly politicized. Now it is the time to take a fresh look at the numbers, and the realities behind them.

BofA Likely To Alter Rules For Debit Card Fees After Criticism

Posted 12.28.2011 | Business

(Rick Rothacker) - Bank of America Corp, after receiving heavy public criticism for a planned $5 per-month debit card fee, is likely to give custo...

Exxon Mobil Profits Jump On Higher Oil Prices

AP | CHRIS KAHN | Posted 12.27.2011 | Business

NEW YORK — Exxon Mobil's quarterly profit rose 41 percent because the company sold oil and natural gas at higher prices, making up for lower pro...

'Penny-Wise And Pound-Foolish'

AOL Government | Judi Hasson | Posted 12.12.2011 | Politics

The Internal Revenue Service would face a "devastating" loss of $4 billion in revenue collected each year if proposed cuts of up to $600 million are m...

Faith Communities Can't Rebuild Alone

Rev. Seamus P. Finn, OMI | Posted 11.21.2011 | Religion
Rev. Seamus P. Finn, OMI

We shouldn't expect the voluntary faith communities to do it alone. We can usually count on the public to be there, but it needs the support and revenue support of the private sector to fulfill that role.

'Credible Strategy' To Lower Debt Must Include More Revenue: IMF

Posted 11.20.2011 | Business

(Rachelle Younglai) - Any effort by the United States to pare its massive public debt without bringing in more revenue and tackling expensive bene...

Lackluster Year Ahead: Financial Professionals Predict No Change

Brian Hamilton | Posted 11.20.2011 | Business
Brian Hamilton

With such pessimistic news permeating the media, it is no surprise that financial professionals are less than enthusiastic about the U.S. economy's outlook for the coming year.

The Debit Is in the Details

Len Hollie | Posted 11.06.2011 | New York
Len Hollie

In August, the Federal Reserve imposed a cap on the fees banks can charge retailers every time customers swipe their debit cards. Why is that important? In addition to banks, consumers may be the biggest losers.

Payless Shoes In Trouble?

AP | By EILEEN AJ CONNELLY | Posted 10.25.2011 | Business

NEW YORK -- The parent company of Payless and Stride Rite shoe stores, Collective Brands Inc., said Wednesday that it plans to close 475 stores and ha...

Home Depot's Income Up -- Due To Storms

AP | MAE ANDERSON | Posted 10.16.2011 | Business

ATLANTA — Home Depot Inc.'s second-quarter net income rose 14 percent as shoppers picked up lawn and garden products and made storm-related repa...

Krugman: 'Economy Desperately Needs A Short-Run Fix'

New York Times | Paul Krugman | Posted 10.12.2011 | Business

For what we’re seeing now is what happens when influential people exploit a crisis rather than try to solve it....

Mainstream Media Ignores S&P's Attack On GOP Revenue Intransigence

Thom Hartmann | Posted 10.08.2011 | Media
Thom Hartmann

Have you seen, anywhere, in any media, or even heard reported or repeated on NPR, the following sentence? "We have changed our assumption on this beca...

Dear Congress, Don't Ask Me!

Cynthia Kounaris | Posted 10.07.2011 | Politics
Cynthia Kounaris

We don't know enough about policy. We don't know all the implications and ramifications of various decisions. We can't pull together a group of world-renowned economists and business leaders. That is what we pay you a nice salary for.

Budget Bullying

Joel Weinberger | Posted 09.30.2011 | Politics
Joel Weinberger

So let me see if I understand this. The Democrats control the presidency and the Senate. The Republicans control the House. Obama inherited a fisca...

ConocoPhillips Profits Drop But Exceed Expectations

AP | Chris Kahn | Posted 09.26.2011 | Business

NEW YORK (AP) -- ConocoPhillips said Wednesday its second quarter profit dropped 18.3 percent but beat expectations. The year-ago quarter benefited fr...

Ford Lifts Profits With Higher Prices, Improves Sales

Posted 09.25.2011 | Business

(Bernie Woodall) - Ford Motor Co's quarterly profit beat Wall Street expectations helped by higher prices and improved sales in North America. ...

Where People Pay The Least In Taxes

24/7 Wall St. | Charles B. Stockdale, Michael B. Sauter, Douglas A. McIntyre | Posted 09.24.2011 | Business

From 24/7 Wall St.: Different states tax their residences at different levels. In some states, like New Jersey, residents pay 12.2% as a percentage of...

On the Compromiser-in-Chief and Elizabeth Drew's Article

Ari Melber | Posted 09.23.2011 | Politics
Ari Melber

By fully caving on this stand-off, where the White House is backed by the general public and large swaths of the GOP, Obama would not only fail to impress independent voters, he'd ensure a drubbing on a series of future fights.

Goldman Plans 1,000 Layoffs

Posted 09.18.2011 | Business

NEW YORK (Lauren Tara LaCapra and Knut Engelmann) - Goldman Sachs' anemic second-quarter results on Tuesday rattled investors and cast a pall on i...

Goldman Sachs Misses Profit Expectations

Posted 09.18.2011 | Business

Goldman Sachs Group Inc's net income rose during the second quarter but fell short of lowered market expectations as fixed income trading revenue ...

Our Nation is Losing the War of the Words

Randy Turner | Posted 09.05.2011 | Politics
Randy Turner

I long for a return to the days when job providers actually provided jobs, when people who were reformers contributed to the betterment of society, and when bullies were shunned rather than being elected.

Anti-Tax Pols Should Look to the Greeks

Robert Schwab | Posted 08.30.2011 | Denver
Robert Schwab

The congressmen who oppose raising taxes want to cut government spending to the bone, which means they want the burden of curing the deficit placed squarely on the backs of the middle class and the poor.

Getting to a Trillion

Jared Bernstein | Posted 08.29.2011 | Politics
Jared Bernstein

If revenues are to be in the budget package now being negotiated they will almost surely come from cutting tax expenditures. Those are the one trillion worth of tax revenues forgone each year due to tax breaks for various activities in the code.

Elise Foley

Schumer Brings Medicare Into Heart Of Debt Negotiations | Elise Foley | Posted 08.24.2011 | Politics

WASHINGTON -- Democrats laid out additional details on Friday of their plans to cut the deficit, signaling they would be willing to negotiate some Med...

H&M Blames High Costs For 18 Percent Profit Fall

AP | By LOUISE NORDSTROM | Posted 08.22.2011 | Business

STOCKHOLM -- Swedish fashion retailer Hennes & Mauritz AB on Wednesday blamed higher procurement costs as well as campaigns and special offers for an ...