Apr 04 Lawmakers propose another pay freeze on congressional salaries By Chelsea Coatney With a scheduled pay increase on the horizon, members of the House of Representatives have proposed another freeze on congressional salaries. The automatic cost-of-living bump would have raised lawmakers’ salaries by 1.6 percent, totaling an additional $2,800… Continue reading
Apr 04 Part-timers are the dark side of the bright jobs numbers By Paul Solman The economy added a healthy 192,000 jobs in March, but what's worrisome, Paul Solman explains, is the rise in the number of people working part time because they couldn't find a full-time job. Continue reading
Apr 03 The good you do for the dollar when you pay your taxes By Jon Shayne Why does the U.S. dollar have value? Hint: It's tax time, and there's only one way you can pay the U.S. government. Continue reading
Apr 02 Watch IMF chief Christine Lagarde on removing hurdles from a strong global economy By PBS News Hour Continue watching
Apr 02 IMF head Lagarde: Russia feeling the effects of U.S., European sanctions By Justin Scuiletti IMF Managing Director Christine Lagarde spoke to Judy Woodruff about the diplomatic crisis following Russia’s annexation of the Ukrainian region of Crimea and how subsequent sanction have impacted the Russian economy. Continue reading
Apr 02 What’s the big deal about Michael Lewis and high-frequency trading? By Simone Pathe Michael Lewis' "Flash Boys" is reigniting the debate over high-speed trading and what its risks are. Continue reading
Mar 31 GM recalls 1.3 million vehicles for power steering failure By Joshua Barajas General Motors Company recalled 1.3 million vehicles Monday for defects in the electric power steering assist, bringing the total of vehicles the automaker has recalled since February to 6.1 million, the Associated Press reports. The new recall includes… Continue reading
Mar 31 Homeless professor protests conditions of adjuncts By Simone Pathe Mary-Faith Cerasoli is an adjunct professor of Spanish and Italian with a master's degree from one of the country's leading language schools. She's also homeless. Continue reading
Mar 31 Make your standard of living the basis for all financial planning By Laurence Kotlikoff Unlike conventional financial planning methods, which force your standard of living to adjust each year to annual changes, Larry Kotlikoff explains how an economics approach protects your standard of living. Continue reading
Mar 28 Sanctions against Russia: What will and won’t work By Paul Solman Sanctions work best when they're targeted -- not at oil, but at the most vulnerable parts of the economy: the financial system and the very rich. Continue reading