Let Bush-Era Tax Cuts Expire, Return to Clinton Tax Rates, Greenspan Says - Bloomberg

Former Federal Reserve Chairman Alan Greenspan said tax cuts put in place by former U.S. President George W. Bush should be allowed to expire and […]

Don’t Expect Your Paystub to Signal Inflation: Caroline Baum - Bloomberg

Long and variable lags.
I doubt that inviolable tenet of how monetary policy works is etched into the cornerstone of the Federal Reserve Board in […]

New Zealand Growth May Slow to 0.3% This Year After Earthquake, Group Says - Bloomberg

New Zealand’s economic growth may almost stall this year, a nonprofit research group predicted, after earthquakes in Christchurch caused an estimated NZ$20 billion ($15 […]

U.S. Consumer Confidence Climbs More Than Estimated to a Three-Year High - Bloomberg

Confidence among U.S. consumers increased in February to the highest level in three years as a drop in unemployment helped overcome concern over rising food […]

Apartment Vacancies in U.S. Decline to Two-Year Low, Extending a Recovery - Bloomberg

U.S. apartment vacancies fell to a two-year low in the fourth quarter and rents rose, extending a market recovery that began in early 2010, property […]

‘Company Men’ explores unemployment; baby-boomers hit 65

QUOTE OF THE WEEK
“I think the restrained quality is that sort of pain one feels and that lack of surety about, you know, losing one’s […]

How much for a holiday tip?

Anna Post, a spokeswoman for the Emily Post Institute, provided these answers to common questions about holiday tipping.
Who should get a year-end tip?

Tibet Lures St. Regis as China’s Big Cities Crowded by Luxury Hotel Chains - Bloomberg

Expansion in China, the world’s fastest-growing economy, is causing an urban lodging glut that’s spurring luxury chains including Starwood Hotels & Resorts Worldwide Inc.’s St. […]

GlobalFoundries expanding Saratoga, Dresden plants

GlobalFoundries confirmed today that it will expand the $4.2 billion computer chip plant it is building in Saratoga County in addition to constructing another factory […]

Coconut Grove Bank signs regulatory order

Coconut Grove Bank has signed a written agreement with federal and state regulators to improve its management of problem loans and investments.
One of the oldest […]