Originally published on Sat January 3, 2015 5:33 am
This week, the FBI stood firm on its claim that North Korea was responsible for the hack on Sony Pictures, even though independent cybersecurity experts have questioned the FBI's stance. We also looked at a new app that helps people share their stuff, and at Federal Communications Commission Chairman Tom Wheeler's handling of the net neutrality debate.
Originally published on Wed December 31, 2014 12:45 pm
Last October, California Gov. Jerry Brown signed a law that would ban single-use plastic bags at grocery and convenience stores, and allow shops to sell customers environmentally-friendly bags for 10 cents. Senate Bill 270 was set to take effect in July 2015.
Drive drunk, drive recklessly, and the state can suspend your driver's license. But many police and motor vehicle administrators worry about a recent trend: A large number of suspensions are for reasons that have nothing to do with unsafe driving.
These reasons include unpaid traffic tickets, falling behind on child support, getting caught with drugs, bouncing checks; or minor juvenile offenses like missing school, using false identification to buy alcohol, or shoplifting.
Originally published on Mon December 29, 2014 10:39 am
Each December, economists make predictions. And each new year, they get hit by unexpected events that make them look more clueless than prescient.
This year's bolt out of the blue was the plunge in oil's price, which no one saw coming.
Still, top economists' forecasts did get a lot right for 2014. One year ago, most were predicting healthy growth, tame inflation, low interest rates, rising stock prices and declining unemployment — and that's just what we got.
Originally published on Tue December 23, 2014 2:55 pm
The U.S. economy grew at a surprisingly fast 5 percent annual rate in the third quarter of 2014, up sharply from the 3.9 percent of the last revision. The figure blew past the consensus estimate of 4.3 percent put forth by economists surveyed by Bloomberg News.
It's the fastest the U.S. economy has grown in one quarter in more than a decade: The GDP grew at a 6.9 percent pace in the third quarter of 2003.
Update at 10:30 a.m. ET: Dow Tops 18,000 For First Time
Originally published on Sun January 4, 2015 3:55 pm
Falling oil prices are perhaps nowhere more welcome than in northern New England, where most homes burn heating oil in their furnaces. But cheaper heating oil is refilling consumers' pockets just as high electric prices are emptying them out.
For example, a heating oil truck delivers 600 gallons of heating oil every two weeks to an old, four-story brick building in Concord, N.H. At last year's oil prices, each refill would have cost around $2,200. Right now, it's more than $300 cheaper.
Originally published on Mon December 15, 2014 10:53 am
The pay gap between men and women has been narrowing for decades. But it persists, and it gets larger as women move toward the middle of their careers.
In a recent paper, Harvard economist Claudia Goldin looked at the gap in a bunch of different ways — how it's changed over time, how it changes over the course of people's careers, and how it varies from industry to industry.
Originally published on Mon December 15, 2014 2:37 pm
Uber's troubles are mounting. The ride-sharing service was criticized in Australia after its "surge pricing" kicked in, quadrupling fares for some customers trying to flee the area in Sydney where a gunman took hostages in a cafe.
Here's a screenshot that one customer sent to Mashable with details of the increased fare:
Originally published on Fri January 2, 2015 5:47 pm
Retirement for baby boomers will look different than it did for their parents — Americans are living longer, health care costs more, fewer people have pensions today, and many people facing retirement haven't saved much.
All of that makes managing the nest egg you do have even more vital. But many people need and want guidance on what they should do to make sure their retirement savings last.
By Commonwealth As Submitted By Chornyak & Associates
Commonwelath Financial Network warns us to avoid making the end of the year more stressful than it needs to be. By checking some items off your list earlier, you'll be free to focus on what's important during the holidays-spending time with family and friends.
Are you ready for colder weather and the end-of-the-year rush? Consider using some of these tips to help you save money and time as winter approaches.
Originally published on Tue December 2, 2014 7:18 pm
For three years, Erin Maynard ran a store called The Geeky Cauldron out of her home in Phoenix. On the online artisan marketplace Etsy, she sold jewelry inspired by themes from popular books, films and TV shows: think vampires and wizards. For the most part, it made her decent income, but month-to-month sales were a roller coaster: Some months, sales topped $5,000, while other months they barely cracked $1,000.
Originally published on Thu November 13, 2014 9:21 am
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Jack Blankenship was pinned facedown in the dirt, his neck, shoulder and back throbbing with pain.
He was alone on an errand, in a dark tunnel a mile underground at the Aracoma Alma coal mine in Logan County, W.Va., when a 300-pound slab of rock peeled away from the roof and slammed him to the ground. As his legs grew numb, he managed to free an arm and reach his radio. For two hours, he pressed the panic button that was supposed to bring help quickly.
Originally published on Mon November 10, 2014 3:22 pm
It's lunchtime in Douglas, Wyo., a town smack in the middle of the state's booming oil patch, and the line of cars at the McDonald's drive-through wraps around the building. A hiring poster hangs in the window, and the parking lot is full.
Troy Hilbish, a tool hand for the oil field servicing company Schlumberger, says while he didn't know oil prices have been falling, he does know what falling prices mean.
"If the oil prices go up, we drill more," Hilbish says. "If they go down, we don't drill as much."
By COMMONWEALTH AS SUBMITTED BY CHORNYAK & ASSOCIATES
When you waved your grown-up kids off to college, cheered at their graduation, congratulated them on a first job or helped them move in with a partner, you didn't expect that one day you'd be following up those milestones with: "Welcome home!"
But one of the ironies of 21st century life is that just at the crossroads when emerging adults want to take a great leap forward toward independence, many are forced by circumstance to come back home.
Originally published on Tue October 7, 2014 12:44 pm
As times got tough in the recent recession, the less well-off of America's citizens became more generous when giving to charity. But at the same time, wealthy Americans cut the proportion of their incomes they donated, according to a new study that analyzed data from tax returns.
Originally published on Fri October 3, 2014 11:28 am
If it weren't for American manufacturing, I wouldn't be here today.
A century ago, my grandfather moved from Poland to Youngstown, Ohio, to work in a steel mill. At the time, Ohio factories were cranking out steel slabs, tires and cars — building a mountain of wealth that the next generation could climb. And the generation after that.
But what will happen in the 21st century? Is the path that led to higher ground blocked now?