By Justin Maiman America has a long tradition of embracing thrift. It’s been drilled into generation after generation as a sign of high moral standing. But could excessive and ongoing government-backed thriftiness (here and around the world) be pushing the economy into a sinkhole? Glenn Hubbard doesn’t think so. The former chairman of George W. [...]
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By Justin Maiman America has a long tradition of embracing thrift. It’s been drilled into generation after generation as a sign of high moral standing. But could excessive and ongoing government-backed thriftiness (here and around the world) be pushing the economy into a sinkhole? Glenn Hubbard doesn’t think so. The former chairman of George W. [...]
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By Justin Maiman America has a long tradition of embracing thrift. It’s been drilled into generation after generation as a sign of high moral standing. But could excessive and ongoing government-backed thriftiness (here and around the world) be pushing the economy into a sinkhole? Glenn Hubbard doesn’t think so. The former chairman of George W. [...]
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By Justin Maiman America has a long tradition of embracing thrift. It’s been drilled into generation after generation as a sign of high moral standing. But could excessive and ongoing government-backed thriftiness (here and around the world) be pushing the economy into a sinkhole? Glenn Hubbard doesn’t think so. The former chairman of George W. [...]
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Graduation season is here! But instead of planning for a year abroad or embarking on exciting new careers, many new grads are instead paralyzed with fear over a weak job market and crushing debts. “I am a slave to my student loans and I cannot take it,” says Flickr user Rhiannon. She’s a 27-year-old graduate [...]
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Investors are learning - the hard way - that when something seems too easy, it almost certainly is. For most of this year, the idea of riding stocks higher - even buying successive new highs in the U.S. indexes – has been viewed as a path to effortless gains, supported by central banks’ easy-money resolve [...]
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The U.S. Energy Department announced that Tesla Motors (TSLA), the electric car company founded in 2003 by PayPal creator Elon Musk, had repaid its $465 million loan nine years ahead of schedule. The Energy Department provided the funds to Tesla in 2010 as part of the Obama Administration’s Advanced Technology Vehicle Manufacturing program. Tesla said [...]
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When Steve Jobs died, Occupy Wall Street was in full effect. Yet those who were fighting for wealth equality and the end of the banking oligarchy held a moment of silence in honor of the Apple co-founder, who had a net worth of $7 billion. Jobs “didn’t believe in charity,” writes Joel Kotkin in The [...]
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As college students across the country graduate from universities or get ready to, student loan bills will await many of them. Related: Yes, Despite the Student Loan ‘Crisis,’ College IS Worth It For the millennials that have already passed this milestone, paying off student loan debt is the top concern. Number one. That’s according to [...]
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Millennials will be graduating from college with thousands of dollars in student debt, but still must start saving right away, says Karen Wimbish, director of retail retirement at Wells Fargo. “Whether you have a lot of debt or not, you have to keep plugging… looking toward your goals and trying to make sure you’re achieving [...]
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As college students across the country graduate from universities or get ready to, student loan bills will await many of them. Related: Yes, Despite the Student Loan ‘Crisis,’ College IS Worth It For the millennials that have already passed this milestone, paying off student loan debt is the top concern. Number one. That’s according to [...]
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The housing market appears to have recovered from the depth of its decline. Toll Brothers (TOL) reported a whopping 46% jump in its latest earnings report and Home Depot’s (HD) earnings soared 18%. Today the National Association of Realtors reported that April existing home sales surged to their highest level in more than three years. [...]
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The Dow Jones Industrial Average (DJI) and S&P 500 Index (GSPC) are starting Wednesday at new record highs. Tuesday’s close marked the Dow’s 19th consecutive session of positive gains. “It’s hard to say [Tuesday’s trend] is just a fluke and statistical noise,” says Yahoo! Finance’s Mike Santoli. This bull market has been “incredibly well behaved [...]
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By Justin C. Maiman Apple (AAPL) put a fork in the traditional music industry. Then introduced the iPad, kicking off the demise of the PC market. So, could the corporate income tax system be next? CEO Tim Cook hopes so. He went to Washington Tuesday to defend his company’s use of tax-haven subsidiaries in places [...]
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In recent years, the “growth vs. austerity” debate has been raging in academic and policy circles. In recent weeks the growth crowd have been claiming victory, citing: Research showing Carmen Reinhart and Kenneth Rogoff’s seminal work on debt-to-GDP levels contained numerous errors and was not so conclusive as originally believed. (Related: Did Harvard Economists Make [...]
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