economic growth

2.7 percent Economic growth outperforms estimates

According to the Commerce Department’s GDP report, the annual economic growth rate of the U.S.  rose to 2.7 percent in the third quarter of 2012. However, economists expect that growth to slow a bit before the end of the year. Economic growth accelerating for the year The annual economic growth was measured at only 1.3
The Pentagon

Institute of Medicine blasts $750 billion of annual medical waste

The Institute of Medicine, part of the National Academy of the Sciences, has released a report damning the American medical industry. The IOM blasts the titanic amount of waste and fraud, as medical waste is accounting for $750 billion being added to the annual medical bill for the nation. Medical waste amounts to more than

Romney continues to flip-flop on Detroit

Three years ago, GOP presumptive candidate and Detroit-native Mitt Romney said America should let its top automakers go under.  Then, last month, he tried to take credit for the auto industry bailout. He is now saying he would sell out the nation’s remaining stake in GM at a loss. Detroit flip-flops In 2009, President Obama’s
woman online

Women investors are better than men, studies say

Traditional Wall Street wisdom would have us believe that, when it comes to investing, women are inferior to men because of their more emotional nature. However, two new studies fly in the face of that wisdom. Both conclude that, not only do women investors have the edge over men, but that edge is precisely because
Gen Z and money

Gen Z learns from money woes of parents

A recent study shows that Generation Z — those young people between the ages of 13 and 22 — are already saving and thinking about how they will pay for college. Growing up in downturn Earlier studies have indicated that young adults — so-called Generation Y, or Millennials — are more knowledgeable and concerned about
school lunch

Save time and cash with healthy school lunches

If you have school age children and a job, you know that mornings can be a perfect storm. You want to send your kids off with healthy and appealing school lunches; but in all the chaos, its so much easier just to give them money or to toss chips and a Lunchables into a bag. 

Fannie Mae posts $5.1 billion profit in Q2

Fannie Mae announced a net income of $5.1 billion in the second quarter of 2012. It is the Federally-run mortgage buyer’s second consecutive quarterly gain since government intervention, following the Great Recession. The posting leaves little doubt that the U.S. housing industry is gaining ground. Fannie Mae quarterly gain $2.2 billion Wednesday, Fannie Mae announced
student debt

For-profit schools fail to meet federal aid rule

The Department of Education has placed for-profit educational institutions on warning. Too many students from these institutions are finding it hard to pay off their student loans, says the federal agency. If the situation does not reverse, those schools could lose access to federal student aid. The gainful employment rule The U.S. Education Department said

Presidential debate was a mis-matched sporting event

What I mostly walked away with after Wednesday’s presidential debate was that the election process most resembles a sporting event during the debates. Calling the presidential debate Most commentators, like refs at a sporting event, are calling Wednesday’s presidential debate on gamesmanship, and not on substance. Romney, they say, was the clear victor. Never mind

Save money on travel by avoiding expensive airports

Labor Day is just around the corner, which means a lot of people will be taking to the road or flying the friendly skies. However, consumers should be aware that some airports are a lot more expensive to fly from than others. More carriers means less money spent on tickets The first weekend of September
Hurricane Sandy

Price of gas up and down in the short run

There were conflicting reports on elements affecting the price of gas in Friday’s news. Just as an ample supply is driving down the price of oil, along comes Sandy, the “Frankenstorm,” to cause rumors of a possible hike in gas prices. Falling price of of late According to Daily Finance, the price of oil dropped
A participant of a Zombie walk, Asbury Park NJ, USA.

Exploitation and control: The darker side of zombies (Pt. 1)

There’s big money in zombies and the zombie apocalypse. Credit George Romero, “Resident Evil,” “The Walking Dead” and a host of other pop culture sources for that phenomenon. But the business of zombies and zombie folklore isn’t all fun and games. There’s a darker side to “zombies” involving mind control drugs, kidnapping, extortion and mind-numbing
Pats Super Bowl

Attending Super Bowl still super expensive

Millions of NFL fans dream of attending the Super Bowl. It’s one of the biggest sporting events in the world, and the cost of going to game reflects that. Unique price structure It isn’t as easy as firing up TicketMaster’s website to buy Super Bowl tickets; instead, the tickets are allocated to league sponsors, certain
Ben Bernanke

Disappointing 69,000 jobs added in May

The latest state jobs report from the Bureau of Labor Statistics, released Thursday, continues to show a slow and uneven growth in the economy. Job gains/losses by state The state-by-state analysis for May saw increased payrolls in 27 U.S. states. However, 14 other states and D.C. recorded payroll declines. Eighteen others remained steady from the
Chinese car industry

US files WTO trade case against China

The Obama Administration has started a WTO trade case against China. The government says that China’s auto industry subsidies violate World Trade Organization regulations, and threaten jobs in the U.S. auto industry. WTO trade case filings While the U.S. government has certainly pumped money into its own auto industry in recent years, it asserts that
Credit report

FTC study finds millions could have credit report errors

A groundbreaking study by the Federal Trade Commission has found that credit report errors are far more common than many realize. Among other findings, the FTC found up to 26 percent of Americans have credit report errors and just over 2 percent of Americans have serious errors. Many likely unaware of extant credit report errors
Free shipping

The latest holiday sales ritual: Free Shipping Day

The line between the holidays and commerce continues to blur. Today is another annual event designed to promote holiday consumerism. Friday, Dec. 16, is the fourth annual Free Shipping Day. And in addition to free shipping, many online retailers are planning bargains to lure in more customers. Friday, Dec. 16 Free Shipping Day is always