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In many parts of the developing world, drinking a glass of water can be deadly — especially for young children, who can die of diarrheal diseases contracted from dirty water.

So getting clean water to people in the developing world has been a top priority for aid groups for a long time. But it's been a surprisingly hard problem to solve.

There is one basic question that keeps being asked about the U.S. auto industry: Is it on the rebound?

"People ask a lot, is the auto industry back?" says Kristin Dziczek, a director at the Center for Automotive Research. "And it depends on what scale you want to look at."

So if we're looking at scales, let's start with productivity. In this case, how many work hours it takes to build a car. Productivity in U.S. plants is 39 percent higher than it was in 2000. "Productivity has never been this high," Dziczek says.

It's not your everyday real estate deal. A team of young entrepreneurs persuaded about 50 deep-pocketed investors to help them purchase a mountain. The deal just closed in April, and development on Utah's nearly 10,000-acre Powder Mountain is now underway.

"When we made those first phone calls, everybody's like, what? That being said, they know that we aren't kidding," says Jeff Rosenthal, co-founder of Summit, the group that led the purchase of the peak.

When the maker of a brand-name drug pays a maker of generic drugs to not produce a lower-priced version of their product, the Federal Trade Commission can challenge the arrangement on antitrust grounds, the Supreme Court ruled Monday. The ruling may end the era of what regulators call "pay-for-delay" deals.

The justices voted 5-3 to allow a case to go forward in which the FTC is challenging one of many such deals. Several companies are involved in the case, including Solvay Pharmaceuticals, maker of AndroGel, and generic-drug maker Actavis.

Why More People Are Renting Tires

Jun 14, 2013

"Oh, I checked every place in town, and they were outrageous," says Shannon Kelly. "It would be anywhere from $4[00] to $500, and I just don't have that right now."

Kelly had just walked into Rent N Roll, a rent-to-own tire store in Ocala, Fla. She was looking to rent a set of tires for her truck. Tire rental stores like this one have been around for a while, but until recently, most of their customers rented fancy rims. These days, it's becoming more common for the stores to rent simple tires to people who don't have the cash to buy tires outright.

More women are getting into farming, according to a recent analysis from the U.S Department of Agriculture.

The agency crunched numbers from the Agriculture Census and found that the number of U.S. farms operated by women nearly tripled over the past three decades, from 5 percent in 1978 to 14 percent by 2007.

The Consumer Financial Protection Bureau is looking at how overdraft fees affect consumers in a detailed report released Tuesday.

One of the stunning finds: "Overdraft and non-sufficient funds fees accounted for 61 percent of total consumer deposit account service charges in 2011 among the banks in the CFPB report."

As a result of Joe Chornyak's recent meetings with portfolio managers, he uncovered some surprising insights as to what is HOT in financial markets today. Don't miss this video in which he shares with us his thoughts on creating the greatest opportunity over the long haul.

"I'm a carpenter/cabinet-maker/woodworker, and I think I'll be retiring the day I die."

Michael Powers, 47, is not alone in his retirement insecurity. According to a Pew study published in May, members of Generation X — aged 38 to 47 — are on track to be the first generation to do worse in retirement than their parents. Assuming they retire at all.

There was modest job growth once again in May even as the nation's unemployment rate ticked up, the Bureau of Labor Statistics reported Friday.

According to BLS:

-- 175,000 jobs were added to public and private payrolls last month, slightly more than economists had expected.

-- The jobless rate rose to 7.6 percent from April's 7.5 percent. That rate can rise even as more jobs are added because the size of the labor force has also gone up.

Working jointly with the FBI, Microsoft says it has disrupted a botnet responsible for stealing more than $500 million from bank accounts worldwide.

Jobs Outlook Is Brighter For Class Of 2013

Jun 5, 2013

For the last five years, graduation day has been as much a time for apprehension as for celebration.

Even now, with the Great Recession over, many recent graduates are still struggling to turn their high school and college diplomas into tickets for a better life. The unemployment rate for Americans under age 25 remains more than double the overall rate of 7.5 percent.

The daily lowdown on books, publishing, and the occasional author behaving badly.

Preparing for Medicare Enrollment

May 31, 2013

With all the options available to you, the Medicare enrollment process can seem overwhelming, especially if you leave important decisions to the last minute. Commonwealth Financial Network provides the following advice to ease any potential discomfort about making the correct choices.

Where should we place our emphasis in savings and investment?  It's a question that we at Chornyak & Associates face frequently. The website Consumerism Commentary looks at both sides of the issue and comes up with some sound thoughts.  The answer?  It's a "moveable goal." 

The U.S. economy grew at a 2.4 percent annual rate in the first quarter, the Bureau of Economic Analysis reported Thursday morning.

That basically confirms what the agency said a month ago, when it released its initial estimate for gross domestic product growth in the quarter. Then, it reported the economy had expanded at a 2.5 percent pace.

NPR's Uri Berliner is taking $5,000 of his own savings and putting it to work. Though he's no financial whiz or guru, he's exploring different types of investments — alternatives that may fare better than staying in a savings account that's not keeping up with inflation.

Remember the disappointment you felt as a kid at the souvenir shop when that personalized key chain wasn't available in your name? For me, it was never finding "Allison" with two L's. My colleague Maria says she was always stuck with "Mary" as her only option.

Facebook fans of Coca-Cola's new "Share a Coke" campaign are having similar frustrations. As part of its new campaign, which recently launched in Europe, the soda giant is printing popular first names on labels of Coke, Diet Coke and Coke Zero.

A radical shift in the world energy picture is raising environmental concerns in the United States.

Until recently, the U.S. had been expected to import more natural gas. But now, because of controversial technologies like "fracking," drillers are producing a lot more domestic natural gas; so much that prices are down, along with industry profits. And drillers are looking overseas for new customers.

House flipping is back.

A popular phenomenon during the housing boom, flipping is when a house is bought and sold within a six-month period. Flippers are real estate investors who buy houses, fix them up quickly and then resell them, making money off the renovation. In parts of California, it's happening at some of the fastest rates in a decade.

At a recent open house in Glassell Park, a neighborhood in northeast Los Angeles, curious buyers and neighbors streamed into a green stucco house that had just come onto the market.