Economy - Most Commented


Fed survey: Median net worth fell 40% during recession

Jun 15, 2012
A scary new survey from the Federal Reserve shows the average U.S. family's wealth plunged during the recession.
Posted In: Fed, net worth

What do Americans think about health care reform?

Jun 14, 2012
The Supreme Court is about to hand down its decision on the health care reform bill. Gallup's Frank Newport reveals what Americans think.
Posted In: health care reform law

PODCAST: A pizza vending machine and a taco hoax

Jun 14, 2012
The World Bank's outgoing president, Robert Zoellick, says that four years after eurozone debt became a problem, the world is entering a new and more precarious phase of the crisis. Starboard Venture has a 5 percent stake in AOL and now it wants three seats on the board of directors. Ahead of what's billed as a major speech by Barack Obama in Cleveland, Democratic strategists want the president to change his message to acknowledge slow growth.

PODCAST: Ads to match your mood and what's a dad worth?

Jun 13, 2012
The chairman and CEO of JPMorgan, Jamie Dimon, will be grilled on a huge trading loss by the bank's unit in London. Americans spend an average of $1,100 a year on clothes, and a lot of that is spent on cheap and trendy "fast fashion." Elizabeth Cline joins us to talk about the high cost of discount clothing detailed in her new book, "Overdressed." Verizon Wireless announced it's scrapping unlimited data plans which could force a change in our web surfing. And the popular '80s primetime soap, "Dallas," is getting remade with the all-important ad demographic of 18 to 35-year-olds in mind.

Recession wipes out family net worth, but not income

Jun 12, 2012
A new report from the Federal Reserve shows that the median net worth of the American househeld is down 40 percent since 2007 and income is down 7 percent.
Posted In: income, net worth, Federal Reserve, recession

Hesitant outlook for small business owners

Jun 12, 2012
The index of Small Business Optimism fell by a tenth of a percent last month, but small businesses that weathered the recession may finally be beginning to hire.
Posted In: Small Business, recession, net worth

North Dakota could eliminate property tax

Jun 12, 2012
If voters today choose to wipe out the property tax in the state, it would be a first for the nation and would be nearly $1 billion taken from the budget.
Posted In: North Dakota, property tax

PODCAST: A bed that makes itself and Game of Thrones pirates

Jun 12, 2012
Global stock markets are turning their attention back to Greece and its elections this weekend that could lead to an exit from the euro. General Motors shareholders gather today for their annual meeting where one of the main questions will be: Why has the car maker's stock price been sagging in spite of its solid earnings? A new study that finds Americans paid $30 billion in overdraft fees last year despite efforts to curb them. Despite the shortened NBA season, basketball viewership is up thanks to the likes of Jeremy Lin and the 76ers.

States' tax revenues soar

Jun 12, 2012
A new survey says states are collecting taxes at levels not seen since the recession, but many are still struggling to balance budgets.
Posted In: states, Taxes

Letter: A photo is worth a thousand words

Jun 12, 2012
Jacques from New Jersey sent in this photograph, and talks to us about how the recession has impacted him personally.
Posted In: Unemployment, letters