Washington has been borrowing Social Security’s surpluses for decades and issuing IOUs in return. However, the ability to pay those IOUs depends on the Treasury borrowing more money on global bond markets at affordable rates. T…
Consumer sentiment unexpectedly fell 1.8 points to 72.7 in January. A Bloomberg survey had forecast an increase to 75. Americans sense that the economy has improved, but they also know rising energy prices are capable of hurtin…
Rising applications in the U.S. for unemployment claims sent Asian shares lower today. In Japan the Nikkei 225 Index slid 0.9% and in China the Shanghai Composite Index slipped 1.3%. Hong Kong’s Hang Seng inched up 0.2%.
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The Republican opposition in Congress has put that number on the impact they say health care insurance reform will have on employment. The law’s proponents say that figure is way off target. The real effect will likely depend o…
There’s no way to sugarcoat it: The U.S. job deficit is huge, and it will take years to fix. But investors shouldn’t become too pessimistic. America’s economy has the capacity to adapt and renew itself faster than many folks ex…