Sep 19 Alibaba IPO opens with a roar on the New York Stock Exchange By Rebecca Jacobson, Inside Energy Chinese e-commerce giant Alibaba began trading on the New York Stock Exchange at noon EDT today, opening at $92.70 a share — a 40 percent raise from its $68/share pricing the night before. That’s a bigger increase than Amazon.com saw… Continue reading
Sep 19 Benefit hikes hike spending -- but not for long By Making Sen$e Editor Washington is forever arguing over benefit increases versus tax cuts to stimulate the economy. In a paper from the National Bureau of Economic Research, former Obama economic adviser Christina Romer and her husband show that tax cuts deliver a more… Continue reading
Sep 18 Watch Why the typical worker is struggling to share U.S. prosperity By PBS News Hour The latest data from the U.S. Census Bureau shows a pattern of uneven progress. While the poverty and unemployment rates have fallen, prosperity is no longer widely shared as the economy grows. Sheldon Danziger of the Russell Sage Foundation talks… Continue watching
Sep 18 Twitter Chat: What's the economic impact of the rise of single U.S. adults? By Nora Daly Every month the U.S. Bureau of Labor Statistics releases an “Employment Situation Summary” based on current employment and population statistics the agency collects. But does this report paint a full picture?… Continue reading
Sep 18 Why sell your mansion for less than $1M? By Making Sen$e Editor Mansions, especially in New York City and New Jersey, are often worth more than $1 million. But they're not always being sold for that much. Economists from the National Bureau of Economic Research explain why. Continue reading
Sep 17 Fed announcement drives new record close for Dow Jones By Justin Scuiletti The Dow Jones industrial average closed at a record high today after a Federal Reserve announcement affirming the continuation of a near zero short-term interest rate for a "considerable time."… Continue reading
Sep 17 Is the Federal Reserve printing a free lunch? By Terry Burnham The Federal Reserve is nearing the final drawdown of its quantitative easing program, which, in several ways, has helped reduce the budget deficit. But has that really been such a free lunch, asks economist Terry Burnham?… Continue reading
Sep 15 Watch How engaging diversity made Xerox a company to copy By PBS News Hour Xerox, a $22 billion company, is the first Fortune-500 corporation to have a female CEO. Its commitment to a diverse workforce began in the 1960s, when the founder pledged job opportunities for the African-American community. Economics correspondent Paul Solman explores… Continue watching
Sep 15 You need to dump your hubby and collect on your ex By Laurence Kotlikoff Social Security expert Larry Kotlikoff explains why you collecting on your ex-spouse's work record can yield better Social Security benefits. Continue reading