Political Capital

Posts tagged: economy

A model of a Eurocopter EC145 helicopter on display during the Monaco Yacht Show in France.

Photograph by Balint Porneczi/Bloomberg

A model of a Eurocopter EC145 helicopter on display during the Monaco Yacht Show in France.

Toys for the Rich Did Well in 2013

If you had money in the stock market in 2013, you probably had a good year. And given that the top 1 percent of households own about 35 percent of equity and mutual funds, rich people had a very good...

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Customers pre-pay for Xbox One video games consoles at Best Buy Co. sales counters in Los Angeles.

Photograph by Patrick T. Fallon/Bloomberg

Customers pre-pay for Xbox One video games consoles at Best Buy Co. sales counters in Los Angeles.

Cheap Dream Home Theater Systems Make for Best Buy Nightmare

Price cuts are making that dream home theater system with surround sound and a big-screen TV a reality for more Americans. For Best Buy, they’ve become a nightmare. Shares of the electronics retailer have plunged today by the most in...

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Viewed through the opening of a promotional poster, a manager serves a customer at a Wendy's in Dublin, Ohio.

Photograph by Jay LaPrete/Bloomberg

Viewed through the opening of a promotional poster, a manager serves a customer at a Wendy's in Dublin, Ohio.

Making Baconators Not the Best Route to Financial Health

If you ever want a shot at earning an annual salary of $70,000 or more, the odds are slim if you have Wendy’s on your resume. An employee whose work experience includes a stint at the home of the Baconator...

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A salesman assists a customer at the GEARYS Rodeo Drive Rolex Group store in Beverly Hills on Dec. 9, 2013.

Photographer: Patrick T. Fallon/Bloomberg

A salesman assists a customer at the GEARYS Rodeo Drive Rolex Group store in Beverly Hills on Dec. 9, 2013.

Bloomberg by the Numbers: -28.4

The Bloomberg Consumer Comfort Index rose to minus 28.4 in the week ended Jan. 5. The index, which asks Americans to rate the national economy, the buying climate and their personal finances, improved from minus 28.7. “Growing employment opportunities, higher...

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Attendees use virtual reality headsets to experience riding inside a rally car at the Ford Motor Co. booth at the 2014 Consumer Electronics Show in Las Vegas on Jan. 7, 2014.

Photograph by Patrick T. Fallon/Bloomberg

Attendees use virtual reality headsets to experience riding inside a rally car at the Ford Motor Co. booth at the 2014 Consumer Electronics Show in Las Vegas on Jan. 7, 2014.

CEO Confidence Boost Bodes Well for 2014 Spending

U.S. companies that have clung to cash hoards throughout the economic recovery may be more inclined to spend this year. Over the last four quarters, CEO confidence as measured by a Conference Board index is at its best since mid-2011,...

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Contractors work on a retail and apartment building in Washington, D.C.

Photograph by Andrew Harrer/Bloomberg

Contractors work on a retail and apartment building in Washington, D.C.

ADP Data Sets Off Scramble to Warm Up Payroll Estimates

A private survey of companies that showed the biggest jump in employment in more than a year has sent economists scrambling to revise their estimates for Friday’s December jobs report from the Labor Department. The 238,000 hiring increase tallied by...

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A trader watches prices as monitors in the background show fireplaces on the floor of the New York Stock Exchange on Dec. 24, 2013.

Photograph by Stan Honda/AFP via Getty Images

A trader watches prices as monitors in the background show fireplaces on the floor of the New York Stock Exchange on Dec. 24, 2013.

Bloomberg By the Numbers: 1,833.32

The Standard & Poor’s 500 Index closed at 1,833.32 the day before Christmas, setting its third new high in a row. The stock index has risen 29 percent this year,  and is on course for its biggest annual rally since 1997....

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A job seeker meets with a recruiter during the East Bay's HIREvent on Oct. 8, 2013 in Emeryville, California.

Photograph by Justin Sullivan/Getty Images

A job seeker meets with a recruiter during the East Bay's HIREvent on Oct. 8, 2013 in Emeryville, California.

Job Seekers’ Qualifications Help Trump Work Status

While it’s still true that already having a job gives you a leg up at getting another one, new research shows the right qualifications can significantly improve the odds for the unemployed. Across all applicants, 22.7 percent more of those...

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