The U.S. Postal Service announced on Tuesday it lost $5.1 billion in the last year, edging closer to default on a multibillion-dollar payment and bankruptcy.
The major reason? Customers like you and I have switched to other options. Email has replaced handwritten letters (when was the last time you handwrote a letter?) Online bill pay has [...]
The touchpad (or slate PC) revolution has hit consumers full force and shortly, consumers will be spoiled for choice with sleek new releases coming on the market.
Apple’s iPad of course, led the revolution and sits atop the touchpad market. Now selling the iPad2, Apple mastered the aesthetics and technical detail that has enabled touchpad PCs to [...]
In an era of rising costs across the board, the equivalent of the Loch Ness monster has been sighted – a university reducing costs.
To compete more effectively against local competitors like New Jersey Institute of Technology and Rutgers, Seton Hall University is slashing its tuition and fees.
These will be cut by more than 60% for [...]
As we draw nearer to November 23, the deadline for agreement by the congressional “debt supercommittee”, financial markets are bracing for another government-inspired crisis.
After the last budget fight between President Obama and the Congressional Republicans, the supercommittee was created to produce an agreement on budget cuts and taxes demanded by both parties.
The Joint Select Committee [...]
Apparently, GM’s concept car, the EN-V has the ability to do exactly that. The small, maneuverable electric vehicle in one demonstration dropped off the driver, and then went off to find a parking spot on its own.
The idea is that this would save the owner’s money and time. If you were headed for a meeting [...]
Truth and politicians appear to have only a tenuous relationship these days, it seems.
The case in point is the current ideological cage fight about taxes vs. “no new taxes”.
The reality is that setting ideology to the side for one moment, it really is clear to all sides of the political divide (yes, including Republicans in [...]
In a better showing than expected by economists, the U.S. recorded a $43.1 billion trading deficit in September.
The improvement from August, when the deficit was $44.9 billion – together with lower unemployment numbers – are giving some hope that the U.S. economy will continue to advance.
In September, there were total exports of $180.4 billion and imports [...]
As the Eurozone crisis drags on, I have become more pessimistic about Europe making anything like a robust recovery or early emergence from it. It strikes me that one of the major problems of the Eurozone is the sclerotic, slow-motion decision making.
Making significant decisions in the EU throughout this ongoing financial saga has been slowed [...]
Alright then, I couldn’t pass up posting this here. It’s 50 Cent’s almost 50,000 square foot mansion in Farmington, Connecticut. What on earth do you do with 48,515 square feet of house?
Apparently Fiddy has the answer to that – you’ll need lots of help just to keep up with the place. Selling millions of records [...]
After being effectively floored by the markets this week, Greece is still in search of a new PM.
George Papandreou was forced to resign after his ill-considered plan – now withdrawn – to take the austerity program to a referendum.
So, have the Greeks found a new leader to steer the country in these trying times? Of [...]
Over the last ten years, the Census Bureau has created an alternative measure of poverty to better reflect the cost of basic living expenses and the resources people have available to pay them.
The Bureau just released its 2010 poverty study- the first based on the new metric called the Supplemental Poverty Measure (SPM).
This measure differs [...]
The past few week have reiterated the power of the financial markets relative to even the collective strength of the Eurozone.
While holding Greece in a death-grip, mitigated only by the removal of George Papandreou and the formation of a unity government, the markets have now turned their attention to Italy.
Their new demand: the removal of [...]
Last week, Bank of America learned a lesson in humility. After confidently announcing their $60/year debit card fee several weeks back, they ultimately backed down last week.
However, what exhortations and advertising by small banks and credit unions could not do in decades of struggling against the big banks, Bank of America did with its failed [...]
In a bit of good news for the U.S economy, the number of first-time filers for unemployment benefits fell in the week ending September 17 to 397,000, a decrease of 9,000 from the previous week’s spike of 406,000.
This number falls below the psychologically important 400,000 benchmark even as President Obama faces Republican-led opposition to his jobs [...]
Greek Prime Minister, George Papandreou is on his way out, finally.
Last week, if you recall, he threw the Eurozone and global stock markets into a tailspin by calling for a referendum on Greece’s austerity program.
Today, Papandreou agreed to step down and allow the creation of a national unity government whose task will be to secure [...]
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