All Economy
- Finally, some good news for the housing marketThe latest housing market index shows that all measures increased in January, propelling the composite HMI index to its highest level since 2007
- Medicare fraud: Florida hands down prison sentenceMedicare scheme defrauded program of $200 million through fake entities and money laundering. So far, 10 people have pleaded guilty or been convicted in the Medicare fraud.
- Here's exactly how much you'll save doing laundry in cold waterThe numbers are clear: if you wash on hot, you’re dumping water and money down the drain.
- Eastman Kodak files for bankruptcyEastman Kodak ruled the photography world for over a century, but on Thursday Eastman Kodak filed for Chapter 11 bankruptcy protection
- Despite his words, Romney's policies are terrible for the poorMitt Romney claims to be "concerned" about the poor, but his policy proposals would seriously damage the social safety net that helps the country's poor survive.
- Europeans fear Iran oil embargo will wreck economyWith a proposed embargo on Iranian oil, the European Union and the US could suffer from rising oil prices while Iran simply finds new buyers.
- Obama tried to help the budget supercommitte. Really.In September, the president proposed a budget to the supercommittee that included budget cuts meant to please Republicans. Yet some say he failed to "reach across the aisle."
- Obama puts Keystone pipeline on hold, decries 'rushed and arbitrary' deadlineSpeaker Boehner accuses Obama of 'selling out American jobs for politics,' but Keystone pipeline operator TransCanada says it will submit plans for a rerouted project later this year.
- Biotech stocks are the market's breakout starsThe action in the biotech sector of the stock market is huge, but risk-averse investors should proceed with caution.
- Strong housing report boosts stocksThe Dow and the S&P 500 had their highset closing numbers since July, propelled by a surprisingly strong report on the housing market and the possibility of more money for the International Monetary Fund. The Dow rose 96 points to close at 12578, and the S&P gained 14 points to end the day at 1308.
- Romney's tax loopholeMitt Romney probably manages to pay a 15 percent tax rate by treating his generous compensation from Bain Capital as capital gains. It's a loophole that unfairly benefits high earning private-equity managers.
- Foreclosure hardest on low-income homeownersForeclosure is hardest on low-income and minority homeowners, and the gap in foreclosure rates is just the latest indication of a widening rift between rich and poor.
- Why the Euro debt downgrade matters (even though it shouldn't)Credit ratings of national governments shouldn't be mandatory, but they affect treasury bond yields in countries that are already hurting financially.
- Mortgage rates continue fallingThe average rate for a 30-year fixed rate mortgage dropped to 3.98% since last week.
- Congress is back, and more combative than everThe least popular Congress in recent memory is back for another year of squabbling over tax policy. Will lawmakers finally reach an agreement over last year's unfinished business?
- Retirement dilemma: Old account. Moving overseas. Should we close it?Retirement plan can be kept open, even though it's getting no new contributions, until your retirement. Question No. 2 in the reader's mailbag.
- China reports solid economic growth. Should we believe it?China announced that GDP growth in the last quarter of 2011 was 8.9 percent, which suggests China will have a soft landing as its economy cools. But what's behind the numbers?
- Romney's tax rate: Good gossip, great lessonRomney's 15 percent tax rate underscores the fact that even the preferential rate on capital gains and dividend income, is a big tax expenditure–a big way we “spend” money via the tax code.
- Jerry Yang leaves Yahoo in surprise departureJerry Yang is severing all formal ties with Yahoo by resigning all positions including his seat on the board of directors.
- Why Obama doesn't get enough creditWhy hasn’t the president gotten more credit for what history may ultimately judge as a record of remarkable accomplishments?