All Economy
- Presidential debate: Obama is back
President Obama seemed steady and relaxed in last night's presidential debate, Reich writes, a departure from Obama's rigid and passive performance in the first presidential debate.
- Lance Armstrong quits as Livestrong chairman
Lance Armstrong is stepping down as chairman of his Livestrong charity, following the release of a massive report detailing doping allegations against Armstrong during his time as a professional cyclist. Lance Armstrong stated that he doesn't want the controversy surrounding him to draw focus from Livestrong's mission.
- Medicare: Taking it private would raise premiums
Medicare would be more expensive for six in 10 recipients if it were privatized, according to a recent report from the Kaiser Family Foundation. Some regions, including the senior-rich political swing state of Florida, would face hundreds in premium hikes under a hypothetical privatized Medicare system.
- No, the electric car is not a failure
Most car buyers have no idea that electric cars are on sale at all, Voelcker writes, so it's too early to declare the electric car a failure.
- Counterfeit bills in ATMs. Bad copies. Man arrested.
Counterfeit bills in ATMs – printed on only one side and found last week – lead to FBI arrest of employee for an ATM-servicing firm. Counterfeit bills in two New York ATMs replaced some $11,000 in cash.
- Toyota dealers pass on electric cars, prefer hybrids
A recent survey from AutoRetailNet shows that 85 percent of Toyota dealers say the automaker was correct to kill production plans for its electric car, Gordon-Bloomfield writes.
- High earnings, low inflation propel stocks upward
Low inflation and decent earnings reports sent stocks upward Tuesday. Stocks in nine out of 10 industry groups in the S&P 500 index rose.
- Home builder ratings rise in October
The National Association of Home Builders' composite Housing Market Index rose to 41 while the "buyer traffic" index climbed to 35, a level not seen since April 2006.
- Save money with 'the fall clothes rotation'
Buy clothes based on off-season discounts, not based on need or want, Hamm writes.
- Industrial production up in September
Industrial production increased 0.41 percent since August 2012 and rose 2.81 percent above the level seen in September 2011, according to the Federal Reserve.
- Is Wisconsin really up for grabs?
The hypothesis that Wisconsinites are “persuadable” and “up for grabs” in the presidential election is a reasonable one, Rogers writes, but one should not take that characterization as suggesting they are easily swayed by superficial things.
- Suddenly, Vikram Pandit is out as Citigroup CEO
Citigroup offers no explanation for shakeup, which besides Pandit includes chief operating officer Havens. Citigroup's Europe chief Michael Corbat is replacing Pandit.
- Social Security COLA to rise 1.7 percent
Social Security cost of living adjustment, one of the smallest increases in decades, takes effect in January. More than 56 million Social Security recipients will benefit.
- $41.8 Trillion
That number is the entire pool of financial assets in the United States, according to Joshua M. Brown. While many may not have enough to put away in a retirement account, those who can save, save in vast quantities, he writes.
- Obama vs. Romney on 'fiscal cliff': May the bolder man win, polls say
Voters want Romney and Obama to take on the tough issues concerning the nation's fiscal future, especially the $600 billion in tax hikes and spending cuts known as the 'fiscal cliff.'
- A memo to the president re: the next debate
Robert Reich sends his advice to President Obama in anticipation of his second debate with Mitt Romney.
- Stocks higher after retail sales improve
A strong gain in retail spending sent stocks upward Monday. A positive earnings report from Citigroup was responsible for a broad rise in bank stocks.
- What the Joint Tax Committee really said about tax reform
Gleckman takes a closer look at a new analysis of tax reform by the Joint Committee on Taxation. His perspective may offer some relief to tax reformers.
- Will US economy rebound in 2013? Forecasters say not much.
An improved housing market and better auto sales are expected to boost US economic growth in 2013, but slowing economies in China and Europe will be a net drag. Meanwhile, Congress will 'kick the can down the road' on extending Bush tax cuts, economic forecasters predict.
- Retail sales rise in September
Retail sales increased 1.1 percent in September, according to the US Census Bureau's latest nominal read of retail sales.