Economy - Most Commented

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New plan to be outlined for U.S. corporate tax code

Feb 22, 2012
The Obama administration today will outline a broad overhaul of the nation's corporate tax code that will lower the tax rate that businesses pay, but could increase to amount of tax revenue heading to Washington.
Posted In: corporate, corporate tax, corporations, Obama

PODCAST: Corporate taxes and state budgets

Feb 22, 2012
The Obama administration is expected to announce a plan to cut the federal corporate tax from 35 percent (that's the second highest rate in the world) down to 28 percent. The consumer sentiment figure is a measure of how consumers are feeling about the economy and it's put together by Thomson Reuters and the University of Michigan. The nation's most populous state, California, had a brush with fiscal calamity this month, and lawmakers had to scramble recently to close a $5 billion budget shortfall.

Learning more about consumer sentiment

Feb 22, 2012
Thomson Reuters and the University of Michigan put together a consumer sentiment survey, which serves as an important economic indicator for the U.S.
Posted In: economic indicator, consumer sentiment, 2012 election

Gov. Rick Snyder on Michigan's continuing progress

Feb 21, 2012
The governor discusses the state's falling unemployment rate, the state of the auto industry and his corporate tax proposal.
Posted In: Michigan, Rick Snyder, Auto, corporate tax

GM workers to get profit-sharing bonuses in March

Feb 21, 2012
Fatter paychecks could boost local economies.
Posted In: Auto, General Motors, GM, bonuses

PODCAST: Live from Michigan, day one

Feb 21, 2012
All week, our own Jeremy Hobson will be broadcasting from Michigan as part of our Election 2012: The Real Economy coverage. Today, he speaks with Republican Governor Rick Snyder about the state's economic recovery. Michigan was a big recipient of bailout money -- and speaking of bailouts, Greece will receive another round of money from its European partners.

Iran sanctions could lead to higher gas costs in U.S.

Feb 20, 2012
Oil prices have jumped to a near nine month high this morning. That's after Iran cut exports to Britain and France over sanctions related to Iran's nuclear program.
Posted In: Oil, Iran, sanctions, gas prices

PODCAST: Happy President's Day

Feb 20, 2012
The group that runs the Medical College Admissions Test -- or MCAT -- is rolling out a new exam in 2015 that will include questions about the psychological and social underpinnings of medicine. Ohio is betting big on casinos, opening up gambling later this year in Cincinnati, Cleveland, Columbus and Toledo. As outdoor outfitter L.L.Bean celebrates its centennial this year, one of the company's oldest products is making a comeback. Happy President's Day!

Where Ally stands in the foreclosure settlement

Feb 17, 2012
When the news hit the other day of the blockbuster settlement for abuses in the foreclosure process, there may have been one brand you didn’t immediately recognize. Ally has really only been around since 2009, but there are already rumors swirling about its status.
Posted In: Ally, GM, GMAC, settlement, Housing, mortgage settlement, foreclosure

Rising gas prices offset payroll tax savings

Feb 17, 2012
Consumer savings from the payroll tax cut, which lawmakers just voted to extend for another year, were erased by higher gasoline prices. The same scenario is likely this year.
Posted In: undefined

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