Retailers should be swooning this year: Spending for the lover's holiday is forecast to top $18.6 billion, a 5.8% jump in spending over 2010. That amounts to about $125 per person who buys a gift for that special someone.
Jared Lee Loughner, the disturbed young man charged in this weekend's massacre in Tuscon, highlights the physical dangers that individuals with untreated mental illness pose to society. But the financial costs of mental illness are high too.
It's hard to make huge changes in your spending habits all at once. To reach your new year's resolution to manage your finances better, try small steps instead. Financial experts offer 10 easy suggestions that could help you spend less and save more in 2011.
Noted economist Gary Shilling says with U.S. consumers continuing their saving spree, repaying debts and remaining hesitant to spend like they did during the boom times, a meaningful economic recovery in the U.S may not materialize anytime soon.
The deficit grew to a higher-than-expected $150.4 billion in November as government spending increased for the month. But November brought some bright spots as well: Federal revenue also grew at a higher rate in November, which confirms that the economy is expanding.
Blaming them for promoting "19 months of government-as-community organizer," House Minority Leader John Boehner is expected to call on President Barack Obama to fire Treasury chief Tim Geithner and economic adviser Lawrence Summers.
Even with the slight rise, there's little to celebrate because the reading remained at a near-six-month low. Still, like the second quarter's slender 2.4% growth rate, July's sentiment measure could have been worse.
Northrop Grumman depends on government contracts for more than 90% of revenue, making talk of cutting the budget deficit a prickly subject. Here's how the defense contractor plans to stay in the game and how it will affect earnings.
James could be one of the best players in the NBA's history, but expecting the man who dubs himself "King James" on Twitter to have a measurable positive impact on the Miami economy is pushing it.
