All Economy
- Should the US adopt a territorial tax system?
Backers of a territorial tax system argue that the current worldwide system puts US firms at a competitive disadvantage since they must pay the high US tax rate on repatriated profits earned by their affiliates in low-tax countries, while multinationals based in territorial countries pay only the local tax rate on these profits, Toder writes.
- Jobs report for March a disappointment. What happened?
The US economy created only 88,000 jobs last month. Possible factors include the increase in payroll taxes, which went into effect at the beginning of the year, and the tailing off of repairs from superstorm Sandy.
- Frozen pizza recall: N.Y. company recalls frozen products after Mich. residents become ill
Frozen pizza recall is part of a larger recall of Rich Products Corp. frozen foods. The frozen pizza recall is happening over a concern for E.coli.
- Hiring slows as economy adds only 88,000 jobs in March
The US economy added only 88,000 jobs in March, according to Friday's Employment Situation Report. The unemployment rate declined to 7.6 percent over the same period.
- More debt is not the answer to small business troubles
Washington tells us that if only we could make more debt available to small businesses they would be able to export more products outside the US, Cornwall writes. But most surveys of small business owners tell us that the weak economy and sluggish sales are their biggest problems, and not the availability of debt.
- Target dress apology over garment color description
Target dress apology: The Minnesota-based retailer is drawing criticism for using an aquatic mammal to describe the color of a particular dress. The Target dress apology reportedly extends to their website as well.
- Debtors' prisons: Thrive or serve jail time?
Debtors' prisons thrive in some states, despite being illegal. In Ohio, several courts have been imprisoning poor people who cannot pay their debts.
- As Facebook matures, is it getting less fun?
Facebook's popularity keeps climbing in terms of new members, but some say 'Facebook fatigue' or 'News Feed overload' make visiting the site a chore.
- What would a Korean war cost? Gauging the economic turmoil.
If a real shooting war came to the Koreas, the economic disruption would be global, though Asian nations likely would pay a higher price than the US. Some economists fear significant long-term changes to international trade.
- Chained CPI for Social Security would hurt seniors
Using a chained consumer price index to adjust Social Security benefits for inflation would make it even harder for seniors to keep up with the cost of health care. So why are Democrats proposing it?
- Stocks rise; Best Buy jumps 16 percent
Stocks ended higher on Wall Street Thursday, regaining half of its plunge the day before, as buyers returned to the market. Among stocks making big moves, electronics retailer Best Buy jumped $3.48, or 16 percent, to $25.13.
- Hope in the future
Seeing the future as an inevitable path, rather than something nebulous, makes much clearer the choices you make today. Planning one's finances, career, and life can make all the difference.
- $1.4 trillion stimulus planned by Japan central bank
$1.4 trillion stimulus: Bowing to demands from Prime Minister Shinzo Abe for more aggressive monetary easing, the Bank of Japan announced Thursday a policy overhaul intended to double the money supply and achieve a 2 percent inflation target.
- McDonald's strike: Fast-food workers want to double wages
McDonald's strike in New York is part of fast-food workers push to get $15 an hour. Organizers say the KFC-Burger King-McDonald's strike by hundreds of workers would be the largest rally yet for their fast-food campaign.
- Stockton to enter bankruptcy. What happens next?
Stockton, Calif., will be the largest US municipality to enter bankruptcy. The question, Gordon writes, is: Who will be left holding the bag?
- 60-inch Apple TV to come out later this year
60-inch Apple TV will sell for $1,500 to $2,000, analyst says. The 60-inch Apple TV will also have wireless 'mini-iTVs' that can receive video around the house.
- Mortgage rates drop to 3.62 percent
Mortgage rates declined 3 basis points to 3.62 percent since last week, according to the latest mortgage rates data from the Mortgage Bankers Association.
- Stocks down on weak economic reports
Stocks fell on Wall Street Wednesday on weak reports on hiring and service industries. Losses were widespread among stocks with the steepest decline in banks and energy.
- Home prices rising, but troubles for housing market not over, poll says
Home prices notched their biggest year-over-year gains since before the recession. But tight credit and 'under water' mortgages constrain the market, a Christian Science Monitor poll finds.
- Corporate tax reform is more complicated than politicians think
Corporate tax reform is not a bad idea, Gleckman writes, but it may be harder than either President Obama or key Republicans want to admit.