Category:
Economy

Stock market rises

S&P Win Streak Longest Since 2004 as Stocks Keep Rising

By Bill Fay | January 25, 2013

The Standard and Poor’s Index rose 8.14 points Friday, continuing its longest winning streak since 2004 and capping a week of generally good news for the U.S. economy. The S&P…

Big banks

Federal Reserve Banker: Time to Cut Megabanks Down to Size

By Bill Fay | January 23, 2013

Suppose you are a teenager. Suppose you are a rich teenager and one who is also spoiled and ill-behaved. Suppose you bend the rules continually, stretch the truth and put…

Jamie Dimon, CEO of JPMorgan Chase

Despite Botched Investments, Bank Profits Soar

By Bill Fay | January 16, 2013

Earnings reports from the two of the nation’s largest banking institutions indicate they made plenty of money last year, though JPMorgan Chase CEO Jamie Dimon’s paycheck won’t reflect that. Chase…

Marijuana is big business

The Economics of Marijuana Legalization

By Bill Fay | January 9, 2013

Now that residents of Colorado and Washington voted to legalize and regulate the sale of recreational marijuana for adults over 21, and 18 states and the District of Columbia all…

U.S. debt and deficit

What You Should Know about America’s Deficit and Its Debt

By Bill Fay | January 8, 2013

Over the next several weeks, there is going to be a lot of chatter about the debt, as the fight to raise or not to raise the debt ceiling will…

Unemployment numbers steady

Positive News on Unemployment and Minimum Wage Laws

By Bill Fay | January 4, 2013

Workers starving for good news got a few morsels this week with positive reports on unemployment and pay. The Bureau of Labor Statistics says December’s unemployment rate was 7.8 percent,…

wind farm

Shifting Winds Bolster the Wind Industry

By Bill Fay | January 4, 2013

Here on the landless side of the fiscal cliff, there’s nothing but the wind. And as every parachutist and cliff diver knows, the wind can be tricky and unpredictable. Just…

wall street reacton fiscal cliff

American Investors among Winners in Fiscal Cliff Deal

By Bill Fay | January 2, 2013

Parties all over the world found reasons to celebrate the legislation that helped America avert the fiscal cliff. The bill, passed by the Senate in the early morning hours of…

NRA-Wayne-LaPierre-gun-industry-profits

Firearms Industry Hits the Bull’s-Eye in 2012

By Bill Fay | December 24, 2012

So the world didn’t end, after all. Whew! Looks like we dodged another bullet. Speaking of bullets, I hope everyone has their holiday shopping done. Just one last thought before…

Iceland economy heats up

Iceland’s Economy Heats Up Faster than Most

By Bill Fay | December 18, 2012

Four years after the crash, the United States is still limping along in what can best be described as an anemic recovery — better off than some nations, but not…