All Economy
Valentine's Day 2013: love and taxes after the 'fiscal cliff'Just in time for Valentine’s Day, the Tax Policy Center has updated its marriage bonus and penalty calculator to reflect the provisions of the American Taxpayer Relief Act of 2012. Williams discusses three tax provisions that will increase marriage penalties a lot in 2013 for many high-income couples.
12 cruises canceled on troubled Carnival cruise shipThe company's announcement on Wednesday came as the Triumph was being towed to a port in Mobile, Ala., with more than 4,000 people on board, some of whom have complained to relatives that conditions on the ship are dismal and that they have limited access to food and bathrooms.
Next for Carnival Triumph cruise passengers? A 2-hour bus ride and $500.Carnival Triumph passengers will get a full refund, a free cruise, and now a $500 check. Upon arrival in Mobile, Ala., cruise ship passengers will get the option of boarding buses directly to Galveston, Texas, or Houston, or spending the night in a hotel in New Orleans,
Gas prices to rise in 2013, says Energy departmentGas prices will increase faster than expected in 2013, according to the US Department of Energy. The slight rise in gas prices is due partly to an increase in the price of crude oil, Ingram writes, and refinery outages in January both in the US and Europe.
American and US Airways to become the world's largest airlineLeaders of the deal between American Airlines and US Airways decided early on that they would only proceed as long as they had the backing of American employees. The two sides believe they would receive regulatory backing for a merger. The new company is to be called American Airlines and based out of Fort Worth, Texas.
Obama proposes $9/hour minimum wage. OK, says business owner.When President Obama proposed raising the minimum wage from $7.25 to $9 an hour, one Virginia business owner decided to do it on the spot.
In State of the Union, Obama calls for free-trade pacts of historic scopeObama's State of the Union bid to create vast free-trade areas with Europe and Asia signals that, by the end of his presidency, two pillars of a globalized trading system could be in place.
Obama's State of the Union and the great deficit debateIn his State of the Union address Tuesday, Obama continued to express a willingness to slow the growth of Medicare, but only around the edges, Gleckman writes.
Stocks fall as McDonald's drags Dow lowerStocks fell Wednesday as the Dow was hit by a drop in McDonald's stock price. Other fast-food stocks also fell on Wall Street.
State of the Union 2013: A step forward on housing?President Obama's State of the Union address included a proposal to extend refinancing to a wider section of homeowners, giving the economy a boost. But such proposals have languished before, so this time Mr. Obama may resort to executive action.
Taco Bell: Cool Ranch Doritos-flavored taco coming March 7Taco Bell has announced that its Doritos Locos Tacos in Cool Ranch flavor will be launched March 7. Taco Bell hopes the Cool Ranch sequel will be as successful as the original Doritos Locos Taco, with over 350 million sold in the past year.
MBA: Mortgage rates rise to 3.64 percentMortgage rates increased 1 basis point to 3.64 percent since last week, according to the latest mortgage rates data from the Mortgage Bankers Association.
What type of worker are you? It takes all kinds to make a workplace run smoothly. Where do you fit in?
Why the budget deficit is not 'the transcendent issue of our time'The Republican’s biggest economic lie is that the budget deficit is, in Sen. Mitch McConnell's words, “the transcendent issue of our time,” Reich writes. The transcendent issue is jobs and wages, he adds.
Could a 'solar tent' charge a parked car?A new system could use solar power to both charge and protect your electric car at the same time, Ingram writes.
- 7 years in prison over $2? Only in New York.
A man was sentenced to 7 years in prison for jumping a turnstile and skipping out on the $2.25 fare — well, that and carrying a loaded weapon.
My Nissan Leaf life: the Times's Tesla mistakeThe New York Times report of a Tesla's failed test drive misses the point. You can't bring gas-powered car expectations to an all-electric vehicle.
State of the Union address: Can Obama pull off corporate tax reform?President Barack Obama's State of the Union address will likely touch on tax reform, Gleckman writes, but it remains to be seen whether even corporate reform is possible in 2013.
Stocks up as Dow closes at year highStocks gained on impressive results from two big consumer brands Tuesday, and the Dow closed at its highest level of the year. Beauty products maker Avon saw a 20 percent gain in its stock price.
Apple sell-off: Who saw it coming?Apple's 30 percent sell-off was predicted by technicians who study price, Brown writes. Price action, he adds, flashed a screaming sell signal way before the turn in the Apple's business prospects had become evident.
