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Recession Issues
Ten worst cities for traffic
Traffic is getting worse, but does your city rank in the Top 10? There are new stats from 24/7 Wall St./Inrix, the latter a leading-provider of traffic information, that lists the worst cities for traffic. The list is tallied based on morning and evening rush hour numbers: 10. Boston 9. ...
A wrap-up of the day's economic news
There's a slew of economic news today that bodes well, though some question marks still remain on the horizon. Job growth in April was much higher than economists expected. We added 165,000 jobs. Unemployment is at 7.5% and has been on a pretty steady downward trend. Meanwhile, the oil industry ...
Recession teaches lasting life lessons
People with elderly relatives who lived through the Great Depression found it affected them their entire lives. I have a relative who lived through it and reused paper towels, plastic bags, plastic forks, spoons, and knives. Those people had a life altering event. Any possession they had was precious. Even ...
Air traffic controllers back to work
Who says Washington can't get anything done? In what seemed like a nanosecond, the Senate – the world's most deliberative body --unanimously voted for funding to get air traffic controllers back on the job. In a separate move, the House passed by 361-41 a procedure to restore the funding. And ...
What's going on with the economy?
The economy is growing overall, at a very slow and steady pace, yet at the same time a lot of people in their own lives are in worse shape than they were 4 years ago. What’s going on? The short answer is that the recovery is completely unbalanced this time. ...
Bitcoin's surge in value could be sign of speculative bubble
Have you heard about Bitcoin? It's an alternative digital currency that represents a reaction to loss of faith in government and paper currency. Two years ago, a Bitcoin was worth less than $1. Today it's worth close to $150 per Bitcoin. Think about that! But the danger here is that ...
Future spending by corporate America will drive economic growth
Corporate America is sitting on nearly $1.5 trillion in cash that's on the sidelines and waiting to be deployed. Back in 2011, I first brought up this stat and at that time the cash on reserve was $1 trillion. Now just about two years later, that figure has risen by ...
Simplicity movement has changed over time
I first talked about the Simplicity movement some 15 or 20 years ago on the show. The movement is defined by a belief that we live in a consumer society and we create anxiety and stress by how we live and what we buy. And that our whole lifestyle requires ...
BitCoin: Alternative world currency becoming popular
The buzz on the street about an alternative money called BitCoin. It's an alternative currency that flies under no single government flag. It is a new system of alternative money generated and used by the private sector. This idea is not completely "out there." Crazy as it sounds, in Africa ...
Will the bailout in Cyprus impact U.S. and European economies?
With Cypriot bank customers facing a loss of 10% of their deposit holdings, could the fiscally unsound contagion that’s plaguing the small Mediterranean island spread to larger European economies? Or even to the United States? Cyprus is in a terrible financial bind. They’re upside down by about $25 billion, which ...
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