McDonald’s is removing one high-profile “premium” item from the menu, possibly signaling that the trend toward higher-priced fast food is coming to a close.
Economy
Income Inequality: It’s Not Just for Older People Anymore
20-somethings are on more even financial footing than the rest of the population, but that equality is slipping
Jobs Report: Economy Avoids ‘Spring Swoon’ As Unemployment Rate Falls
The Labor Department announced this morning that the U.S. economy added 165,000 new jobs and that the unemployment rate fell slightly to 7.5%.
Housing Prices Jump Again…and Wall Street May Be Playing a Role
After jumps of 6.8% two months ago (reflecting December year-over-year sales) and 8.1% last month (reflecting January sales), “up” would have been a fairly easy prediction.
Big Brother: How the Obama Budget Helps Ordinary Savers (at Some Risk)
Obama’s budget would give workers without a tax-favored savings plan at the office automatic access to an IRA. That is among other details in the budget that affect your pocketbook.
How ‘Made in the USA’ is Making a Comeback
Manufacturing is back — but where are the jobs?
With Baby Boomers Retiring, Why Do We Need So Many New Jobs?
Question: The monthly job reports are usually accompanied by a statement that we need lots of new jobs just to keep up with population growth. Since large numbers of baby boomers are now retiring, however, wouldn’t this have a complete offsetting effect for the next 15 years or so? Submitted by JohnnyOh
Answer: There are basically …
Why Are So Many Public Officials Calling for This Man’s Job?
Ed DeMarco may not strike you as the kind of man who is capable of fanning the outrage of broad swaths of the American …
Book: Wall Street’s Biggest (and Most Dangerous) Untruth
Four and a half years after the passage of TARP, one thing is abundantly clear: The American public really, really hates bank bailouts.
Ryan’s Latest Budget: Wrong Problem, Wrong Solution
Even though Rep. Paul Ryan’s newest 10-year spending plan balances the budget, he still doesn’t really care about the deficit.
Economy Gains Steam Adding 236,000 Jobs; Unemployment Rate Falls to 7.7%
This morning’s report is more evidence that the thawing of the labor market has picked up speed of late.
Dow Jones Closes at Record High — So What?
For all the headlines devoted to the event, you’d think this was a really big deal.
Why Many Americans Feel Like They’re Getting Poorer
Since the recession ended, the economy has never grown fast enough to make up for lost ground – and that’s helping to keep household income depressed for as much as half the population.