5 Reasons New Houses Are Still Getting Bigger
According to data from both the NAHB and Trulia, Americans usually want bigger houses-17% more space than they have. "As incomes go up, people are able to consume more housing, more entertainment, more tech and everything else," according to Jed Kolko, Trulia's chief economist.
Buoyant Dollar Underlines Resurgence in U.S. Economy
President Obama's handling of the economy may be reviled by his political opponents, but he is receiving support from a surprising quarter: foreign exchange traders.
Social Security Focus: Funding, Benefits and Remarriage
Here are a triumvirate of stories on Social Security: One on what threatens its financing, one that compares its benefits to other retirement plans and one that looks at what could limit its benefits.
Will Portland Always Be a Retirement Community for the Young?
Like many residents of Northwest Portland, Matthew Hale doesn't own a car. Instead, he prefers to walk or ride the bus to the city's innumerable coffee shops and breweries and live-music spots. On weekends, he and his wife have no problem hitching rides to the Pacific Coast or the Cascade...
Tech Titan Departs: Larry Ellison Steps Down From CEO Position at Oracle
After 37 years running the company he founded billionaire Larry Ellison is leaving the top job at Oracle. The long time CEO will become the chairman of Oracle's board and the software company's chief technology officer. Current presidents Safra Catz and Mark Hurd will take over as chief executives.
How the 'Bacon Bowl' Gave Hope to a Tiny Town-Then Left for China
PORT GIBSON, Miss.-This town of 1,500 people, in one of the poorest counties in the U.S., could use a break. Last November, one seemed to arrive in the form of a cooking utensil-the Perfect Bacon Bowl. Hawked on national television, the plastic molds shape bacon into edible serving bowls for...
Brokers Battle Deutsche Bank Over Selling In-House Products
Since the market collapse of 2008, scrutiny has intensified on the way large banks and securities firms treat their brokerage customers, particularly when it comes to steering them into the firms' own products.
More Retirees Dump Their Possessions and Hit the Road
Some call themselves "senior gypsies." Others prefer "international nomad." David Law, 74, a retired executive recruiter who has primarily slept in tents in several countries in the last two years, likes the ring of "American Bedouin." They are American retirees who have downsized to the extreme, choosing a life of...
Have Computers Messed Up the Unemployment Rate?
The Labor Department's monthly jobs report has been the subject of some wacky conspiracy theories. None was wackier than the suggestion from Jack Welch, the former General Electric chief executive, that government statisticians were exaggerating job growth during President Obama's 2012 re-election campaign. Both Republican and Democratic economists dismissed those...
Why Would the Social Security Trustees Want to Cut Benefits? It's a Mystery.
Retirement expert Alicia Munnell of Boston College has brought a simmering Social Security mystery out into the open: Why were key figures about the program's benefits for retirees deleted from the latest trustees' report? Munnell's conclusion is that the reason is nefarious.