The Labor Department reported a 0.8 percent rise in consumer prices in July — double the expected rate — sending inflation on its fastest annual pace in 17 years. Continue reading
Driven down by sagging demand for vehicles, U.S. retail sales had their worst showing in five months in July, according to newly released government figures. Continue reading
Despite trillions of dollars in revenue, a large swath of domestic and foreign corporations paid no U.S. income taxes between 1998 and 2005, according to a government study released Tuesday. Continue reading
Question/Comment: Your report on “moral hazard” was really outstanding. Now, try explaining how it increases the cost of health care. Paul Solman: As with any insurance, if you’re covered for your health, you might take more risks than otherwise. “I … Continue reading
T. Boone Pickens, a Texan oil tycoon, has made it his mission to promote massive new investment toward alternative energy sources. Pickens discusses his plan and efforts to make energy independence a central issue in the fall campaign. Continue reading
Question/Comment: What can be done about the fact that in today’s unemployment statistics, there are only four times as many whites unemployed as blacks, despite there being six times as many whites in the labor force? Paul Solman: According to … Continue reading
- The “experts” all seem to be on the side of the status quo. Why can’t we hear from people inside the industry who really want to reform it?
Question/Comment: With all the discussion of the mortgage crisis, there is still hardly any mention of actually cleaning up the mortgage industry. The “experts” all seem to be on the side of the status quo, but maybe this is contributing … Continue reading
- Do you believe that some of the run up in oil prices is based on speculation in the commodoties markets?
Question/Comment: Do you believe that some of the run up in oil prices is based on speculation in the commodities markets? My understanding is that the amount of funds et al. playing in oil futures has risen more than 70 … Continue reading
Question/Comment: Not long ago, writing mortgages required private mortgage insurance (PMI) if the borrower’s equity in the property was below a certain percent of market level. Usually, PMI could be discontinued when the borrower’s equity in the property rose above … Continue reading