Economy
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... ➡
How the Greek Debt Drama Could Affect You
My husband and I were thinking of selling our house this summer, despite the crummy market. But when we asked our realtor if we had a prayer, she said: “It depends on what happens in Europe.” Europe? Yep. You might not be caught up on the fact... ➡
Navigating the New Economy
The new normal. The new economy. Whatever you want to call it, business ain't what it used to be. Life as an entrepreneur in 2012 has little resemblance to the "order-taking" flood of opportunity of the late 90s. We're hustling, closing deals... ➡
