With the Dow back to record highs, James K. Glassman, co-author of the most infamously wrong investment book of all time, 1999's "Dow 36,000: The New Strategy for Profiting From the Coming Rise in the Stock Market," has resurfaced to insist that he and Kevin Hassett weren't wrong, just ahead of their time.
The Senate passed legislation early New Year's Day to neutralize a fiscal cliff combination of tax increases and spending cuts that kicked in at midnight. The pre-dawn 89-to-8 vote set the stage for a final showdown in the House, where a vote was expected later Tuesday or perhaps Wednesday.
Automatic cuts in federal spending will cost the economy more than 2 million jobs, from defense contracting to border security to education, if Congress fails to resolve the looming budget crisis, according to an analysis released Tuesday.
Pundits have lately focused on the growth and influence of super PACs -- and the power of the mega-rich men who fund them -- but the current business-sponsored presidential contest isn't unusual: Come along as we review the long and rich tradition of election-buying in American history.
President Obama's proposed cuts to national defense spending have critics in a panicked tizzy. But while the document outlining his plan suggests that real change is afoot, it clearly contradicts the outlandish claims of its detractors.
Yahoo has been trying to leverage its leading position in the portal business into a comparable dominance of premium content. But it's not so easy for a technology company to build a culture of journalism -- as the defection of one of its high-profile journalists illustrates.
U.S. District Court Judge Susan Bolton threw a monkey wrench into the deeply contentious debate over illegal immigration by declaring parts of Arizona's controversial immigration law to be unconstitutional. Backers of the bill, including Arizona Gov. Jan Brewer, vow to keep fighting.
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