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Economy

Feeling Hopeless About the Future? I'm Not and Here's Why

While many report on Americans’ dying optimism for our future, I’m not one of them. I’m ecstatic for the future. Here’s why.

What Lifestyle Can You Afford on $50,000?

Median household income in the United States has hovered just over $50,000 for the past few years, according to research from the U.S. Census Bureau. But $50,000 a year may translate into a completely different lifestyle in Oklahoma City than it...

Happy stocks...Skins in Milan & more

Stock-happy. There could be $85 billion in federal cuts tomorrow—or not, depending on how the so-called sequester plays out in Congress today. Either way, the markets are enjoying a rally that has taken the Dow and the S&P 500 to highs not seen...

Seq update...Snack scandal & more

Why is it called a sequester? Putting aside the name issue (fiscal cliff, sequester, what next?), the big S boils down to about $85 billion in federal budget cuts that will take effect March 1, most of which won’t even have an impact on how fast...

Living wage…Watchdog for Wall St. … & more

Cost of living. In his State of the Union address this week, Obama vowed to raise the minimum wage to $9 an hour, from $7.25 by 2015—and to have it adjust with inflation: “…no one who works full time should have to live in poverty,” he said, in a...

Apple fight...Grammy coverup...& more

Floor of the New York Stock Exchange. Mood swings. The Dow dropped more than 100 points in intraday trading, for the fourth day in this short month, signaling general pessimism about the economy, jobless claims (which continue to be high), and...

$61 billion due...Wal-Mart hearts America & more

Fun FAQ. Sick of hearing about the debt ceiling? Squeeze in just one more read. This fact-filled article breaks down what’s really at stake if the government can’t borrow more cash to pay its debts. Tidbit: Starting Feb. 15 some $61 billion in...

What We’re Talking About Today

Hello, it’s MONDAY. What do you need most? Here's today's must-know events in the economy and elsewhere. Time to forgive people’s debts? Economists just released a provocative study arguing that forgiving and restructuring private debt could...

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