Toys to avoid this holiday shopping season
In defiance of eurozone rules against state aid to banks, Italy Plans Bad Bank "Silver Bullet" Bailout. Italy plans to launch a series of bad bank-style measures as early as the end of the year in an effort to cut its €330bn pile ofShow More Summary
James Poterba is interviewed by the Richmond Fed:... EF: More recently, one of your areas of research has been retirement finance and the investment decisions of workers thinking about their retirement. In recent decades, we've seen a tremendous shift...
There is an ongoing myth about the downturn and the weak recovery that consumers unwillingness to spend has been a major factor holding back the recovery. An article in the Washington Post business section headlined, "heading into the holidays the retail industry faces a cautious consumer," draws on this myth. Show More Summary
Today's Water Cooler: All Trump, all the time, Sanders in Georgia and Iowa, startup valuations, soil and carbon, Keyes and class warfare
(November 23, 2015 03:45 PM, by David Henderson) I was talking on the phone Saturday with a friend who called to wish me happy birthday on my 65th birthday. (See what I did there? :-)) This friend is a doctor, not an economist, but I think he would... (1 COMMENTS)
Who knew about the bubble, and when did they know it?
It's been a long, hard road, but it seems as if Pfizer Inc. might finally succeed at self-deporting itself in order to escape the IRS. The U.S. pharmaceutical giant announced Monday that it plans to merge with Ireland-based AllerganShow More Summary
Earlier: Existing Home Sales in October: 5.36 million SAARI expected some increase in inventory this year, but that hasn't happened. Inventory is still very low and falling year-over-year (down 4.5% year-over-year in September). More...Show More Summary
Pfizer and Allergan have inked a record $160 billion deal -- what does it mean for investors and consumers?
"Has Exxon been funding these organizations?" she asked. "Well, the answer is yes," [Kenneth Cohen, ExxonMobil's VP of Public and Government Affairs] replied. "And I will let those organizations respond for themselves." Putting aside the fact that no one from any of the denier groups was on the program, Cohen's...
COMPLEMENTS Definition: Goods A and B are complements if as the price of good A falls (rises), the demand for good B increases (decreases). Example: Automobiles and gasoline Evidence: From the Wall Street Journal A Deeper Story: While gas and automobiles are complements in general, the price of gas also...
Company's internal review shows migrant workers in Thailand's seafood industry toil in conditions akin to slavery
It's the latest blow to the troubled Japanese parts supplier as the auto industry continues to shun its product
Chances are you'll return some of your holiday presents -- see which stores score high -- and low -- when it comes to return policies
The answer is probably no—although as usual I’ll argue the contrarian view. And I think ‘singularity’ might not be the right metaphor. I am thinking of a covergence between left (progressive) and right (classical liberalism.) Indeed, maybe ‘convergence’ is the better term, but singularity sounds cooler. Tyler Cowen recently claimed (on Tweeter) that the blogoshere […]
From the NAR: Existing-Home Sales Dial Back in OctoberTotal existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, fell 3.4 percent to a seasonally adjusted annual rate of 5.36 million in October from 5.55 million in September. Show More Summary
Perhaps a retail coals-in-the-stockings Christmas will awaken the mainstream media to the reality that recession is now a global phenomenon.If container shipping is any reflection of the upcoming Christmas season, Santa is poised toShow More Summary
California regulator says German automaker met deadline in submitting draft proposal for national recall in emissions scandal
About 411,000 of the cars are in the U.S., with nearly 34,000 in Canada and just over 7,000 in Mexico