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This series is brought to you by TurboTax Federal Free Edition. Share Having a child brings about intense financial changes for at least the next 18 years of a parent’s life, but that’s a pretty vague statement. What are those implications? How can you be sure that your budget accounts for every new change […]
Share An ancient piece of common wisdom says the poor get poorer and the rich get richer (in fact it’s as ancient as the Bible). We’ve all experienced this in small ways in our daily lives in the form of bank fees if our account falls below a certain minimum amount, or in the […]
Economic bubbles have been around since the birth of currency. Created by a wide range of factors, from excessive monetary liquidity to plain old human greed, exuberance and stupidity, they can be described as a trade in products or assets valued far higher than they should be – which is inevitably followed by a crash […]
Image: Lisa Yarost/Flickr The American economy is in flux, to put it mildly. Especially if you compile individual conditions, like high unemployment and food-stamp usage, into a bigger picture. That’s just what we attempt to do with the 10 graphs in this post.
Image by Brad Templeton, via Coyote Blog I want to like trains. I like riding them, both here and abroad. You can get work done while sitting on the train; you don’t have to worry about traffic jams or bad driver behavior, let alone parking. They’re good for the environment and make life easier on […]
Oil prices are levitating; as a result, everyone is freaking out about food. Food prices, that is, which threaten to increase more (and cause riots, and shortages, and all those other fun aftereffects) as oil climbs the stairway to heaven. I recently wrote a couple of articles for a Minyanville feature package on food prices. […]
The British Council and European Community have launched the latest version of MIPEX, the Migrant Integration Policy Index. It measures how well immigrants can access the labor market, gain status as a full-time resident, participate politically, and a variety of other “policy areas.” Its statistics, which cover 31 countries, are considered more up-to-date and comprehensive […]
Image: John/Wikimedia Commons Libya exploded last night. Protesters, tired of not seeing their country’s wealth trickle down, burned and looted in Tripilo, the country’s capital. At least 200 people are reported dead, and Dictator Moammar Gaddafi’s son warned of anarchy if his father is overthrown (looks like it’s already arrived). Libya is the world’s twelfth-biggest […]
This Tuesday and Wednesday, the Fed will unleash a second round of quantitative easing (increasing the money supply) geared at jolting the economy back into action. After failing to keep unemployment at bay and stabilize falling prices, the Fed needs to put the paddles back on the economy’s chest. The Financial Times explains: The goal […]
Image: Flagstaffotos.com.au/Wikimedia Today is Blog Action Day 2010. The theme is water, that innocuous liquid that also happens to be an absolute requirement for any human civilization to survive. It’s a very relevant theme, and one that is sadly underreported in the media. To commemorate water for Blog Action Day, we’ve listed 10 things you […]
Federal Reserve Board nominee Peter Diamond, under whom Ben Bernanke studied; Dale Mortensen and Christopher Pissarides have won the Nobel Peace Prize in Economics. Marginal Revolution has an excellent summary of Diamond’s works. MarketWatch explains the economists’ Nobel-winning theory in layman’s terms: Diamond, Mortensen and Pissarides reject (the economic theory that all unemployment is voluntary), […]
