Economics Articles from News Sources
A list of economics articles from various news sources--excellent for homework assignments.
Note: To access some of these articles (like those from Forbes.com), you may have to register with the website. All of the articles should be free (I recently eliminated all listings from NYTimes.com since they weren't free).
Price Controls Articles
Wholesale Inflation Plunges at Record Pace in October - FoxNews.com
Topic: Inflation at the wholesale level plunged at a record pace in October, led by big declines in the price of gasoline and new cars.
Worker Wages, Benefits Rise at Fastest Pace in Two Years - FOXNews.com
Topic: Wages and benefits paid to American workers rose in the July-September period at the fastest pace in more than two years.
Consumer Inflation Lower on Drop in Energy Prices, Though Core Rises - FOXNews.com
Topic: A big drop in energy prices helped pull overall U.S. consumer prices down by an unexpectedly steep 0.5 percent in September, the government reported on Wednesday, though so-called core prices kept edging up enough to keep inflation a concern.
Five Nobel Prize Winners Call for Increase of Minimum Wage - FOXNews.com
Topic: More than 650 economists, including five winners of the Nobel Prize for economics, called Wednesday for an increase in the minimum wage, saying the value of the last increase, in 1997, has been "fully eroded."
Economics of minimum wage - The Edmond Sun
Topic: After Congress failed to increase the federal minimum wage earlier this month, one easily could detect a sense of dismay about Congress? refusal to act. The major news networks all ran stories lamenting the sufferings of the working poor, and the apparent
Laws of economics - fortwayne.com
Topic: Indiana 2nd District Rep. Mike Pence is a good Republican, so he has a good Republican stance on an increase in the minimum wage. ?It will hurt small businesses and cost Americans jobs,? he says. And U.S. Sen. Evan Bayh is a good Democrat. ?It is absolute
Chicago City Council OKs Measure to Force Large Retailers to Pay 'Living Wage' - FOXNews.com
Topic: Brushing aside warnings from Wal-Mart, the City Council approved an ordinance Wednesday that makes Chicago the biggest city in the nation to require big-box retailers to pay a "living wage."
Wal-Mart's CEO: Congress Should Increase Minimum Wage - FOXNews.com
Senate Votes Against Raising Minimum Wage - FOXNews.com
Topic: Minimum wage (price floors)
Hawaii Gives Up on Gas Price Controls - cbsnews.com
Topic: Price ceilings (they don't work!)
Gas Price Gouging Vote Passes as Bush Voices Opposition to Tax Cuts - FOXNews.com
Topic: President Bush met with lawmakers from both parties on Wednesday to lay out some short and long term solutions for what White House aides now acknowledge is a national energy crisis.
Study: Wal-Mart Lowers Consumer Costs, Wages - FOXNews.com
Topic: Wal-Mart Stores Inc. (WMT) lowers consumer costs and adds jobs but has also led to a decline in wages and an increase in the number of people relying on government aid for health care, studies released on Friday show.
Hawaii Moves to Cap Gas Prices - cbsnews.com
Topic: Price ceilings
Trade and Exchange Articles
U.S. Trade Deficit Falls By Largest Amount in Over Five Years - FOXNews.com
Topic: Helped by falling oil prices, America's trade deficit showed a sharp improvement in September, narrowing by the largest amount in more than five years.
Trade Deficit Hits New All-Time Record on High Summer Oil Prices - FOXNews.com
Topic: America's trade deficit hit an all-time high as record imports of oil swamped a solid gain in U.S. exports.
China yuan central parity rate set at 7.9087 to dollar vs 7.8998 - Forbes.com
Topic: The central bank has set the yuan central parity rate at 7.9087 to the dollar, according to the National Foreign Exchange Center.
U.S. Current Account Deficit Climbs to Second Highest Level in History - FOXNews.com
Topic: America's deficit in the broadest measure of foreign trade increased in the spring to the second highest level in history, reflecting a big jump in payments for foreign oil.
Treasury Chief Paulson Focuses on China But Warns Against Protectionism - FOXNews.com
Topic: Treasury Secretary Henry Paulson said Wednesday that he will urge the Chinese to move more quickly to adopt economic reforms, including a more flexible currency.
Bet On Rubles and Francs - Forbes.com
Topic: Something big happened in the currency markets on July 1, but if you read only the mainstream media, you might have missed it. On that date Russia made its ruble fully convertible for the first time since Aug. 8, 1914. More precisely: It lifted all restri
Euro Slightly Higher Against Dollar - chron.com
Topic: The euro rose only slightly against the U.S. dollar Thursday, after the European Central Bank raised interest rates but stopped short of sending a strong signal on its future course.
Europe blames US for WTO failure - BBC News
Topic: EU Trade Commissioner Peter Mandelson has blamed the US for the collapse of the latest round of global trade talks.
World Trade Organization to Review U.S. Internet Gambling Bans - FOXNews.com
Topic: The WTO on Wednesday set up a panel to investigate whether U.S. restrictions on Internet gambling comply with international trade rules.
Trade powers pick up pace of WTO rescue push - Reuters
Topic: Ministers from the world's top trading nations intensified attempts to rescue a global commerce deal on Monday after signals that their political leaders could be more flexible.
WRAPUP 1-US May trade gap widens a bit, oil bill hits record - Reuters.com
Topic: The U.S. trade deficit widened less than expected in May, but the monthly petroleum bill hit a record $27.9 billion as the price of imported oil showed the biggest gain in nearly 16 years, the U.S. Commerce Department said on Wednesday.
Dollar gains on trade data; rate uncertainty hits yen - Market Watch
Topic: The dollar rose to one-week highs against the euro and yen Wednesday after data showed a narrower-than-expected U.S. trade deficit in May and as investors cautiously awaited the Bank of Japan's interest-rate decision later in the week.
U.S. set to sign Russian WTO deal before G8 - Reuters
Topic: The United States and Russia are poised to sign a deal on the eve of the Group of Eight summit paving the way for Russia to join the World Trade Organisation...
Yuan pressure grows as trade surplus soars - timesonline.co.uk
Wolfowitz plea ahead of G8 summit - BBC News (bbc.co.uk)
Topic: World Bank President Paul Wolfowitz has called on leaders to push for agreement on a deal to free up global trade at the forthcoming G8 summit in Russia...
Treasury Secretary Paulson Vows to Keep U.S. in World Economy - FOXNews.com
Topic: Former Goldman Sachs chief executive Henry M. Paulson was sworn in as the nation's 74th Treasury secretary on Monday, and he pledged to make sure the United States does not retreat from the world economy.
Betting Against the Dollar - Forbes.com
Topic: The U.S.'s waning dollar
IMF Lauds Russian Currency Move, Seeks More Reform - Reuters.com
Poor Nations Are Still Waiting for U.S.-European Trade Accord - Internation Herald Tribune (iht.com)
Topic: Free Trade
Russia Lifts Controls on Currency - BBC News
Tax on Big Oil ignores basic economics - News-Leader.com
Topic: Everyone is unhappy with today's high gas prices, including Rep. Russ Carnahan. But, unlike the rest of us, his solution is to raise them.
Offshore tax havens cost U.S. up to $70B - CNN
Topic: Offshore tax havens used by the wealthy cost U.S. taxpayers $40 billion to $70 billion a year and should be shut down, a Senate panel said in a report naming specific wealthy people as tax haven abusers.
Bush Touts Lower Budget Deficit Figures - FOXNews.com
Topic: The 2006 federal deficit will be lower than expected, thanks to added tax revenue, President Bush said Tuesday.
US company tax helps trim deficit - BusinessDay
Topic: Corporate Taxes, U.S. Budget Deficit
The Scandinavian Model - Forbes.com
Topic: Discusses the Danish tax system and how it works for them
Tax My Carbon - Forbes.com
Topic: Taxes, Demand
Productivity Revised Higher for 2Q; Wage Costs Rise - FOXNews.com
Topic: U.S. business productivity grew at a 1.6 percent annual rate in the second quarter, higher than first estimated, the government said Wednesday in a report that also showed worker compensation up much more this year than initially thought.
Fed Beige Book: U.S. Economy Continues Growth - FOXNews.com
Topic: The U.S. economy grew overall from mid-July to late August, the Federal Reserve said Wednesday, but five of the 12 Fed districts reported slowing growth as residential construction slackened and energy costs rose.
Consumer Inflation Rises, Fueled By Higher Gasoline, Energy Prices - FOXNews.com
Topic: Consumer inflation accelerated in July as a big jump in gasoline and other energy prices offset the biggest decline in clothing costs in nearly two decades.
Government Considering Adding More Detail to Consumer Price Index - FOXNews.com
Topic: The government is considering providing more information each month on its most closely watched inflation gauge as a way to dampen financial market volatility.
Stevens appointed Reserve Bank of Australia governor - Forbes.com
Topic: SYDNEY (XFN-ASIA) - Treasurer Peter Costello said Reserve Bank of Australia deputy governor Glenn Stevens will replace Ian Macfarlane as governor of the central bank.
Government: Personal Income Rises, Inflation Weighs on Spending - FOXNews.com
Topic: Consumer spending was weak for a fourth straight month in June as rising gasoline prices left Americans with little to spend on other items. A key measure of inflation rose at the fastest pace in more than a decade.
Government: 2nd Quarter GDP Grew at 2.5% - FOXNews.com
Topic: U.S. economic growth slowed abruptly during the second quarter to less than half the pace seen at the beginning of the year, while a key gauge of inflation accelerated, the Commerce Department said on Friday.
Durable Goods Orders Surge 3.1 Percent - FOXNews.com
Topic: New orders for U.S.-made durable goods surged a much greater-than-expected 3.1 percent in June as aircraft and manufacturing orders jumped, according to a government report released on Thursday that showed private sector economic strength even as the hous
Surviving Inflation - Forbes.com
Topic: What do you do next? U.S. stocks have had a rough first half, with the Dow Jones, Standard & Poor's and Nasdaq indexes flat or down. Foreign markets, particularly the emerging sector, are extremely volatile. To answer the question, let's first look at the
Fed hopeful of staying on sidelines as pay goes up - msnbc.msn.com
Topic: If Ben Bernanke, chairman of the Federal Reserve, is right, wage growth will pick up over the next few quarters. That would provide at least some short-term cyclical relief for workers, but it may also raise fresh challenges for the Fed.
Selective Hearing - Forbes.com
Topic: Despite the nuanced, even-handed tone of U.S Federal Reserve chief Ben Bernanke's speech on the outlook for the economy on Wednesday, the markets took it as assurance that the Fed is done--or nearly done--with its rate-tightening.
Fed: Flexibility needed in monetary policy - MarketWatch
Topic: Federal Reserve chief Ben Bernanke kept all options on the table Wednesday, telling Congress that monetary policy must be flexible as the economy is in a state of transition.
Commerce Dept: Consumer Prices Rise 0.2% in June; Core Up 0.3% - FOXNews.com
Topic: Consumer inflation slowed in June, helped by a temporary drop in energy prices. But the improvement was expected to be short-lived with a new crisis in the Middle East pushing crude oil to record highs.
U.S. producer prices up more than expected in June - Reuters
Topic: U.S. producer prices rose a steeper-than-expected 0.5 percent last month as food prices jumped, the government said on Tuesday, leading markets to boost bets for another interest rate hike from the Federal Reserve.
China posts 11.3 pct growth in Q2, topping forecasts; tightening seen - Forbes.com
Topic: hina's economy grew at a faster-than-expected pace of 10.9 pct in the first half and 11.3 pct in the second quarter.
Get Ready for Stagflation - Forbes.com
Topic: Consumer debt, interest rate, the FED
Employment & Unemployment Articles
Jobless Claims Dip Under 300,000 - FOXNews.com
Topic: The number of U.S. workers lining up for jobless benefits unexpectedly fell by 10,000 last week, the government said on Thursday in a report underscoring a relatively stable job market.
New Jobless Claims Rise By 14,000 - FOXNews.com
Topic: The number of workers seeking initial jobless aid rose 14,000 last week, the government said on Thursday, but remained at levels still indicative of a stable labor market.
U.S. Economy Adds 113,000 Jobs in July, Unemployment Rises to 4.8 Percent - FOXNews.com
Topic: Hiring slowed in July as employers added just 113,000 new jobs, propelling the unemployment rate to a five-month high of 4.8 percent and providing fresh evidence that companies are growing cautious amid high energy prices. Wages grew solidly.
New Jobless Claims Fall By 7,000 - FOXNews.com
Topic: The number of people filing initial claims for U.S. unemployment benefits fell by 7,000 last week to the lowest level in six weeks, according to a government report on Thursday which signaled stable conditions in the labor market.
Jobless claims up on auto industry shutdown - washingtonpost.com
Topic: New applications for U.S. unemployment benefits jumped 19,000 last week on the back of the traditional summer shutdown at automobile plants, according to government data released on Thursday.
U.S. Economy Adds Fewer-Than-Expected 121,000 Jobs in June; Wages Up; Unemployment at 4.6% - FOXNews.com
Interest Rates Articles
Federal Reserve Leaves Interest Rates Unchanged as Inflationary Pressures Diminish - FOXNews.com
Topic: The Federal Reserve left a key interest rate unchanged Wednesday as slipping oil prices in recent months have helped to ease inflationary pressures in the U.S. economy.
What Inflation? - Forbes.com
Topic: U.S. wholesale prices rose 0.1% in August, underscoring easing inflationary pressure that will probably allow the Federal Reserve to leave its key overnight interest rate target unchanged at 5.25% when it meets on Wednesday.
Japan Raises Interest Rates For First Time in Six Years - FOXNews.com
Topic: Japan's central bank raised interest rates Friday for the first time in six years, ending an era of zero percent interest and sending the clearest signal yet that the world's second-largest economy has pulled out of a decade-long slump.
BOJ hike probably won't mean less cash in hand - Market Watch
Topic: Moves by Japan's central bank to end its zero-interest-rate policy this week don't necessarily mean a drain on the amount of cash in circulation in the world' second-largest economy.
Bank of Japan Rate Hike Could Be Global Economy Godzilla - ecommercetimes.com
Topic: Hedge fund guru George Soros pointed out to reporters in Turkey that when the Bank of Japan in early March ended its five-year policy of so-called quantitative easing, in which it regularly flooded US$200 billion-plus into the Japanese banking system, the
National Deficit & Debt Articles
Budget Deficit Drops to $250B, Congressional Estimators Say - FOXNews.com
Topic: The federal budget deficit estimate for the fiscal year just completed has dropped to $250 billion, congressional estimators said Friday, as the economy continued to fuel impressive tax revenues.
Federal Deficit Running 14% Lower Than Last Year, Treasury Says - FOXNews.com
Topic: The federal budget deficit, helped by a surge in government revenue, is running 14.1 percent below the pace of last year, the government reported Wednesday.
Nine-Month Budget Deficit Tally Down 17 Percent From Previous Year - FOXNews.com
Topic: The federal deficit through June continues to run below last year's pace, helped by a strong influx of corporate taxes and other revenues, the Treasury Department reported Thursday.
Caveat Deficit - Forbes.com
Topic: The Bush administration trumpeted its improved forecast for the federal budget deficit on Tuesday, but budget experts were unimpressed given the bleak long-term picture.
OPEC Cuts Oil Production By 1.2 Million Barrels a Day - FOXNews.com
Topic: Oil cartel OPEC decided to cut production by a greater-than-expected 1.2 million barrels a day on Friday, and some members indicated it was open to further cuts.
Oil Dips Towards $58-a-Barrel; OPEC Schedules Emergency Meeting - FOXNews.com
Topic: Oil dropped towards $58 a barrel on Monday as a Norwegian oilfield restarted after a brief outage and OPEC prepared for an emergency meeting to finalize a cut in output.
Oil Dips on Doubts Over OPEC Cuts - FOXNews.com
Topic: Oil fell below $60 on Friday as investors doubted OPEC's resolve to carry out a planned supply cut and fuel inventories swelled in top consumer the United States.
Really, Really Cheap Oil - Forbes.com
Topic: Don't sell that SUV just yet. Oil, at a recent $66.50 a barrel, will fall to $45 by mid-2007 and could dip briefly into the 20s in 2008. Sometime next year you are going to see a $1.95 price on a gas pump.
Price at Pump Drops for Seventh Straight Week - FOXNews.com
Topic: The average U.S. retail gasoline price fell to $2.38 a gallon, dropping for the seventh week in a row, and could decline another 23 cents by mid-October, the government said on Monday.
Oil Prices Hover Near Six-Month Lows - FOXNews.com
Topic: Oil prices slid to fresh six-month lows on Wednesday on rising winter fuel stocks and waning concern about Iran, but the world's largest exporter Saudi Arabia signalled the market may have fallen enough.
OPEC: High Crude Costs May Signal 'New Price Era' - FOXNews.com
Topic: Historically high crude costs may signal "a new price era," a senior OPEC official said Tuesday, insisting that the 11-nation cartel is doing all it can to bring prices down to more reasonable levels.
Tests Indicate Major Oil Discovery in Gulf of Mexico - FOXNews.com
Topic: A trio of oil companies led by Chevron Corp. (CVX) has tapped a petroleum pool deep beneath the Gulf of Mexico that could boost the nation's reserves by more than 50 percent.
U.S. Retail Gas Prices Hit 5-Month Low - FOXNews.com
Topic: U.S. retail gasoline prices hit a five-month low, with the cost at the pump falling 11.8 cents over the last week to an average $2.73 a gallon, the government said on Tuesday.
Major Alaskan Oil Field Could Remain Shut Down for Weeks, Months - FOXNews.com
Topic: ANCHORAGE, Alaska ? BP PLC said Monday it will replace 73 percent of the pipelines from the nation's largest oil field and that production could be closed for weeks or months, crimping the nation's oil supplies at a time of peak demand.
Crude gains on Mideast, supply concerns - Market Watch
Topic: Crude-oil futures trended higher Tuesday as Israel stepped up its offensive in Lebanon, prompting renewed concerns the conflict could spill over into oil-rich areas of the Middle East, with worries about supplies out of Nigeria and Mexico further underpin
Oil, Oil Everywhere - Forbes.com
Topic: There is an alarmist theory that the world is running out of oil. Quite the contrary. There is plenty of oil in the ground, and high prices are just what's needed to tap the earth's vast reserves...
Energy Tsar - Forbes.com
Topic: Vladimir Putin is using publicly traded Gazprom, and its monster reserves, to remake Russia. Should you own a piece of it?
Oil Touches Record $78 on Mideast Conflict - FOXNews.com
Topic: Oil surged to record highs above $78 Friday on fears the conflict between Israel and Hezbollah guerrillas could escalate and spread to more Middle East countries.
Gas Consumption Remains Strong Despite High Prices - FOXNews.com
Topic: High gasoline prices may dent economic growth, but consumers' fuel appetite is still strong.
Researchers Raise More Questions Over Ethanol in New Report - FOXNews.com
Topic: Ethanol is far from a cure-all for the nation's energy problems. It's not as environmentally friendly as some supporters claim and would supply only 12 percent of U.S. motoring fuel ? even if every acre of corn were used.
Energy Crisis Is America's Opportunity - Forbes.com
Topic: As the world's biggest consumer of energy--as well as the one power with the technical resources, capital and experience in leadership to apply bold measures--the U.S. has a duty to think on the largest possible scale. It should contemplate becoming the w
How High Will It Go? - Forbes.com
Oil Prices Fall as Gasoline Inventories Climb Surprisingly - FOXNews.com
Topic: Oil dropped more than $2 on Wednesday after a U.S. government report showed a surprise increase in gasoline inventories, easing worries about a supply crunch ahead of summer when demand peaks.
Real Estate Articles
New Home Prices Drop By Most in 35 Years, Even As Sales Rebound - FOXNews.com
Topic: The median price of a new home plunged in September by the largest amount in more than 35 years, even as the pace of sales rebounded for a second month.
Housing Starts Rise Unexpectedly, Though New Permits Decline - FOXNews.com
Topic: The pace of U.S. home building unexpectedly strengthened in September as new housing starts rose 5.9 percent, but new building permits fell more than expected to a near five-year low, a government report showed on Wednesday.
Home Prices Drop for First Time in Over 10 Years - FOXNews.com
Topic: The pace of existing home sales in the United States fell for a fifth straight month in August and prices dropped from year-ago levels for the first time in more than 10 years, a realtors group said Monday.
Housing Starts Down Nearly 20 Percent in Past Year, at Lowest Level Since 2003 - FOXNews.com
Topic: Housing Starts Down Nearly 20 Percent in Past Year, at Lowest Level Since 2003
Home Sales to Be Weaker Than Forecast, Group Says - FOXNews.com
Topic: U.S. home sales will be a good deal weaker this year than earlier forecast and prices are likely to fall below year-ago levels temporarily as buyers stay on the sidelines, a realtors group said Thursday.
Home Starts Fall for Fifth Time in Six Months - FOXNews.com
Topic: The Commerce Department reported Wednesday that construction of new homes fell in July for the fifth time in the past six months, providing further evidence that the once-booming housing market is slowing.
Existing Home Sales Continue Recent Swoon, Fall 1.3 Percent in June - FOXNews.com
Topic: Sales of existing homes fell in June for the eighth time in the past 10 months while home prices edged up at the slowest pace in more than a decade ? more signs that the housing market has slowed dramatically.
Federal Reserve Chairman Ben Bernanke Says Housing Slowdown 'Orderly' - FOXNews.com
Topic: Federal Reserve Chairman Ben Bernanke told Congress Thursday that the once high-flying housing market appears to be staging a safe landing.
Housing Starts Fall By 5.3 Percent - FOXNews.com
Topic: The pace of U.S. home building fell more than expected in June as groundbreaking on single-family units logged the slowest pace in 1-1/2 years, according to a government report on Wednesday that added to signs of a broad cooling in the market.
Existing Home Sales Fall for Third Time in Five Months - FOXNews.com
New Home Sales Post Surprising Rise in May - FOXNews.com
States to Sue Leading Chip Makers Over Price Fixing - FOXNews.com
Topic: New York attorney general Eliot Spitzer sued leading makers of memory chips Thursday, claiming they made secret price-fixing arrangements that inflated the cost of personal computers and other electronic devices.
EU Court Nixes Sony, Bertelsmann Music Merger - FOXNews.com
Topic: Antitrust Regulation, Monopoly
Microsoft fined $357 million by Europe regulator - marketwatch.com
Topic: The European Commission on Wednesday fined Microsoft Corp. 280.5 million euros ($357 million), and upped the amount it can be fined per day to 3 million euros, for not complying with a previous antitrust ruling.
EU to cap Microsoft daily fine: source - Reuters
Topic: Europe's competition watchdog plans to fine Microsoft up to 3 million euros ($3.8 million) a day if the U.S. software giant continues to defy a landmark antitrust decision, a diplomatic source said on Monday.
Articles on Other Topics Articles
College Degree Worth Extra $23,000 a Year - FOXNews.com
Topic: How much is a bachelor's degree worth? About $23,000 a year, the government said in a report released Thursday.
Bangladeshi Economist, Bank Win Noble Peace Prize for Advancing Economic Development to the Poor - FOXNews.com
Topic: Bangladeshi economist Muhammad Yunus and the Grameen Bank he founded won the Nobel Peace Prize on Friday for their pioneering use of tiny, seemingly insignificant loans ? microcredit ? to lift millions out of poverty.
American Edmund Phelps Wins 2006 Nobel Economics Prize - FOXNews.com
Topic: American Edmund S. Phelps wins the 2006 Nobel Memorial Prize in Economic Sciences on Monday for his analysis of short-run and long-run trade offs in macroeconomic policy.
Economics: Investors favour equities despite market correction - Investment Week
Topic: While many commentators called May?s market correction a re-pricing of risk spurred by a sudden increase in risk aversion, Axel Botte, strategist at Axa Investment Managers, suggests there are still plenty opportunities to be found in equity markets.
U.S. consumer confidence edges up in July - Reuters
Topic: U.S. consumer confidence rose in July amid cautious optimism about job prospects, but overall sentiment in months ahead would likely stay below levels touched earlier this year, a survey showed on Tuesday.
BT price caps to be lifted - thisismoney.co.uk
Topic: Fixed & Variable costs; monopolies; PRICE caps that have prevented BT raising line rental and call charges above agreed levels are to be lifted after 22 years.
Microsoft Sues 26 Companies Over Allegedly Pirated Software - FOXNews.com
Topic: Free riding
Consumer Borrowing Slows in May - FOXNews.com
Topic: Americans increased their borrowing at a 2.4 percent annual rate in May, significantly slower than in April, as a big jump in credit card borrowing was not enough to offset a slowdown in the growth of auto loans, the Federal Reserve reported Monday...
Analysts: Intel's Price-Slashing Stemming Market Loss to AMD - FOXNews.com
Topic: Competition, duopoly, demand
Research shows the rich are only as happy as the rest - The Vancouver Sun
Topic: Money doesn't buy happiness, say a couple of Princeton University researchers who found the link between cash and a good mood to be "greatly exaggerated and mostly an illusion."
Bernanke: U.S. Households Overall Manage Finances Well - FOXNews.com
Topic: Consumer saving, consumer spending
Why Your Boss Is Overpaid - Forbes.com
Topic: Self Interest - An article about how tournaments can be used to motivate.