That’s the share of Americans who have a positive feeling about the national economy, according to the Bloomberg Consumer Comfort Index for the week ended June 2. While more than three-fourths of respondents said the economy was either “not so...
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A home under construction in Glenelg, Maryland, on May 30, 2013.
Bloomberg by the Numbers: 24%
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Job seeker Percy Chang, right, fills out paperwork at a Long Island job fair on May 2, 2013 in Uniondale, New York.
Unemployment Eases with Fewer Jobs
The U.S. will need to add fewer jobs each month to reduce unemployment, a Chicago Federal Reserve study found. And the change is all about demographics. Researchers at the Federal Reserve Bank of Chicago found that as aging baby boomers...
Read more »SAT Scores: Key to Earnings?
Career earnings gains have cooled over successive decades just as average scores on the SAT, a college entrance exam measuring language and math skills, have declined. Is there a link? Economists at the St. Louis Federal Reserve Bank say the...
Read more »LaHood: Fuel Economy Chief Victory
Once the Obama administration clears out the underbrush of the most controversial issues ensnaring the Capitol, the president is going to try to go “big and bold” on highways and infrastructure later this year, outgoing Transportation Secretary Ray LaHood says....
Read more »ACT Now (How to Coalesce The Way Google and Wal-Mart Unite)
Want to form a corporate coalition on tax policy? It’s easy. Just follow a simple checklist. The latest entry is the Alliance for Competitive Taxation, a 42-company group that unveiled itself today — see how they did it here: 1)...
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Job seekers speak to representatives of employers at a job fair at the Jewish Community Center in Manhattan on March 6, 2013 in New York City.
Home Ownership = More Joblessness
Thinking of finally buying a house? If you do, you might help to increase your state’s long-term unemployment rate. New research finds that high home-ownership levels correlate with high joblessness levels down the road, although unemployment comes after a time...
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A terminally-ill resident of the Hospice of Saint John is comforted in her bed. The non-profit hospice, the second oldest in the United States, accepts the terminally ill regardless of their ability to pay, although most residents are covered by Medicare.
Bloomberg by the Numbers: 2026
That’s the estimated depletion date for Medicare’s main financial trust fund, according to a May 31 report from the trustees who oversee the financial operations of the $574 billion program for the elderly and disabled. Medicare’s Part A fund, which...
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A registered nurse checks out an elderly patient in Lakewood, Colorado.
Obamacare Bolstering Medicare: White House’s Take on Trustees
The Obama White House has a take on the report today that the Medicare trust fund will last two years longer than previously projected — and, naturally, Obamacare figures in the equation. “The Medicare Trustees reported some good news for...
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A sale sign at a retail store in the Georgetown neighborhood of Washington, D.C.
Slow Inflation: Warning Signal
Falling prices may sound good to the U.S. consumer, but Federal Reserve policy makers may be cringing at figures this morning showing that inflation has slipped further below their 2 percent target. The personal consumption expenditures price index, the Fed’s...
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Photograph by Gene J. Puskar/AP Photo
A load of laundry is loaded into a washing machine in Pittsburgh.
Short-Term Loans Reveal Risks
For all of its hundreds of pages of new directives for the financial system and its regulators, the Dodd Frank Act did little to solve one of the most prevalent problems of the financial crisis: the risk of runs in...
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