Since their invention, people have found ways around paying those pesky taxes, including destroying their own homes. Continue reading
The parent company that owns retailers T.J. Maxx, Marshalls and HomeGoods announced on Wednesday a plan to raise their workers’ wages to $9 an hour in June, with an eventual rise to $10 an hour by 2016. The move makes TJX Cos. the latest mega-retailer to jump on the competitive wages trend, following an announcement from Wal-Mart just last week.
WASHINGTON — President Barack Obama warned the nation’s governors Monday that a looming shutdown of the Department of Homeland Security would have a direct impact on their states’ economies, as well as on security throughout the U.S.
WASHINGTON — The Obama administration is proposing tougher restrictions on brokers who manage Americans’ retirement accounts, reigniting a confrontation with the financial services industry over rules affecting trillions of dollars in 401k and other savings accounts.
Wal-Mart made news this week by announcing that it is raising the wages for its employees above the federal minimum wage of $7.23 an hour to $9 an hour and to $10 an hour next February. To discuss the broader implications, Shelly Banjo, a reporter for Quartz, joins Hari Sreenivasan. Continue reading
Greece received a four-month bailout aid extension deal, easing some worries about the global economy after tense negotiations over austerity measures and giving the Greek economy some temporary breathing room. Judy Woodruff speaks with David Wessel of the Brookings Institution about the terms of the agreement and which side has more leverage. Continue reading
Hostage-taking has become an important moneymaker for terror groups including the Islamic State. Economics correspondent Paul Solman looks at the larger price of paying ransom and cost-effective ways of fighting terror. Continue reading
Although online prices are “stickier” than economists might guess, the proliferation of dynamic pricing means online prices might soon start swinging more often. Continue reading
WASHINGTON — President Barack Obama’s top economists say that even as the U.S. has managed to kick start a lasting and growing recovery, modest wage gains are far from making up for decades of paycheck stagnation for middle-class workers.
One day while playing tennis, Social Security expert Larry Kotlikoff informed Paul Solman about a strategy for maximizing the benefits that he and his wife were eligible to collect. They decided everyone else should know that secret, too, and are sharing it in a book to be published this week. Continue reading