Economy

US to Cash in Gold at Cash4Gold.com

Courtesy of The Onion:

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Can Productivity Save Your Job?

America’s annual gain in productivity in many sectors of the economy is often overlooked as a source of saving. Productivity is measured by output per work hour. The gain in productivity is measured by the percentage increase in output per work hour. If productivity in appliance manufacturing goes up 3 percent, then a 3 percent […]

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The Best News Coming Out of the Recession

In October of 2006, I wrote a simple post at the Online Savings Blog called “Rule #2: Spend Less Than You Earn“. Now, this is one of the most fundamental basics of personal finance: don’t spend it if you don’t have it. In that post, I linked to a chart of the Bureau of Economic […]

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Why Cash for Clunkers Will Hurt Low-Income Drivers

Congress continues to discuss a “cash for clunkers” bill. The proposals so far would pay up to $4,500 a car to dealers if a new car is priced at $45,000 or less and gets 10 miles per gallon better fuel mileage. The old car has to be registered for at least a year and have […]

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The Health of Social Security

A committee of Social Security trustees has published another report on the financial health of the Social Security System. The new report tells us what these reports always tell us: the Social Security system is failing or headed for collapse. New Social Security reports allow politicians to reassure retirees of their commitment to shore up […]

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Why Nationalizing America’s Banks is a Loser

In the current financial crisis, there continues to be people in banking and business calling for nationalizing banks. One recent example is an article in the Atlantic Magazine titled “The Quiet Coup.” The author, who is from the International Monetary Fund and has experience with international financial crises, writes that nationalization would not mean permanent […]

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Will Banks Lead Us Out of the Recession?

The federal government has been bailing out the nation’s banks since last summer, handing out billions in emergency reserves to as many as 500 banks, always with a press release telling the public there must be bailouts or the banks and economy will collapse. According to a recent article in The Washington Post (“Bank Profits […]

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In This Economy …

How are you doing in this economy? If you’re watching too much TV, you may think that it’s impossible to succeed right now. But that’s not the case. Check out this brilliant video from the folks at thefullginsburg.com to see one of the most-used phrases on TV today.

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