Economy
The Big Picture This Week: Earnings Season, Inflation
2:45PM 10/10/2011
As the market breathes a sigh of relief on hopes that Europe isn't going to fall apart and the unemployment picture isn't getting worse, the focus shifts to China and earnings season. But earnings may be overshadowed if inflation data out of China is worse than expected, now that the country has the world's second largest economy.
The Financial Landscape: Post-Recession Blues; Netflix Kills Qwikster
12:00PM 10/10/2011
American household incomes have fallen more since the recession ended than they fell during it, a new study reveals; EU leaders say they have a plan to solve the sovereign debt crisis; and Netflix has declared its big Qwikster plan dead on arrival.
Weak Economy Is a Boom Time for Financial Scammers
6:30AM 10/10/2011
Millions of Americans fall victim to financial scams every year, and since the downturn began, many of those cons have been tailored to lure those suffering the most in our shaky economy: work-at-home schemes, fake mortgage modification services, fraudulent job opportunities and a host of unpleasant others.
Super-Rich to Boost Holiday Spending
7:30AM 10/08/2011
With the economy still on life support, many Americans are planning on tightening their Christmas budgets this year. Not the super rich, however. Families with discretionary incomes of $250,000 and up are planing on boosting their holiday spending by 7% to an average of $2,708, according to a new survey.
The Financial Landscape: Are the Unemployed Against Their Benefits?
10:45AM 10/07/2011
The New York Times has found some unemployed people to argue against an extension of jobless benefits: "In a recent survey of the unemployed by Rutgers University, more than one in four respondents was opposed to renewing the current extended unemployment benefits.
Recovering Financially (and Emotionally) From Long-Term Unemployment
8:30AM 10/07/2011
Recovering financially after long-term unemployment isn't easy, but it's fairly straightforward: Pay off debts, rebuild savings, and adjust to your new income. Recovering emotionally is far more complicated -- it means retraining your brain and consciously shifting your perspective.
For Workers Laid Off in Recessions, Big Pay Gaps Persist for Decades
6:15PM 10/06/2011
No matter when a person gets laid off, it can have long-lasting financial consequences -- among them, a wage gap that persists for years. But a new study reveals that men who are part of a mass layoff during a recession lose 72% more over their lifetimes than men who lose jobs in during periods of economic growth.
The 63 restaurants Friendly's closed on Wednesday resulted in about 1,260 layoffs -- more than 12% of the company's 10,300 person workforce. Everyone from managers to dishwashers were told Tuesday evening that the following day would be their last at Friendly's.
Breast Cancer's Financial Toll, Part 2: Where to Go for Help
8:00AM 10/06/2011
A breast cancer diagnosis can be like an earthquake in the life of the patient and her family, but the medical community is there to help guide them. What's often hard to find is a monetary lifeline for those in danger of getting washed away by the financial tidal wave that can follow.
Personal Bankruptcy Filings Fall, But That's Nothing to Cheer About
4:15PM 10/05/2011
In this cloudy economy, we're all constantly hunting through the news and statistics for silver linings. Here's one that looks promising: In the first nine months of 2011, personal bankruptcy filings decreased 10% compared to a year earlier -- but experts say it's nothing to cheer about.
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