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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...

Flat Taxes: For Better or Worse?

Perry and Romney are headed for a confrontation on tax policy. (STEVE MARCUS - REUTERS) By now you’ve figured out that a flat tax is pretty much what it sounds like. In the case of Republican candidate Herman Cain, who is proposing the 9-9-9...

Women, Power & Appearance

Do people like you more when you wear makeup? A study released this month, by researchers at Harvard and Boston University, supposedly says yes. And people will see you as more trustworthy and competent too. What a sham—and a shame. Yes, the...

3 Women Win the Nobel Peace Prize

From left: Ellen Johnson Sirleaf, Leymah Gbowee, and Tawakkul Karman. Photo credits below. By now you may have heard that this year’s Nobel Peace Prize went to three women: Liberian President Ellen Johnson Sirleaf; Liberian activist Leymah...

Why the Wall St. Protests Matter

A protester faces the intersection of Broadway and Liberty in downtown Manhattan. Occupy Wall Street, a movement against corporate greed, is making headlines in some two dozen cities around the world. But like many people, I couldn’t tell what...

Your Anti-Panic Guide to the U.S. Downgrade & More

What is a “downgrade” exactly? It’s similar to when your credit score takes a hit; lenders question whether you’re going to repay your debts. Similarly, the credit rating of the U.S. was knocked down from AAA to AA+ by Standard & Poor’s, a credit...

Making Sense of the Market Drop

This morning I was watching my son, now almost five, finish his first jigsaw puzzle—100 pieces, which taxed his patience never mind his ability to sit still. Trying to make sense of yesterday’s market plunge, a harrowing 513 drop in the Dow,...

Lessons from the U.S. Debt Debacle

Months of doom-filled predictions, public debates, people scrambling to protect themselves from disaster. Remind you of anything? No, not the recent debt ceiling debacle, silly. We’re talking about Y2K: widespread hysteria that engulfed the final...

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