| Oct 3, 2013
| 6:59 AM
WASHINGTON -- Initial jobless claims last week held roughly steady at near a six-year low as reporting problems caused by computer upgrades in California and Nevada appeared to be fully resolved, the Labor Department said Thursday.
The number of...
| Nov 6, 2013
| 12:17 PM
Underway in Sacramento, an Assembly panel is questioning officials about the botched rollout of an upgrade to the California unemployment benefits system.
It took two weeks for officials at California's Employment Development Department to realize there...
| Nov 15, 2013
| 7:51 AM
WASHINGTON -- Moody's Investor Services on Friday said it cut the credit ratings for four big U.S. banks because of reduced chances the government would bail them out in a future crisis.
The ratings for bank holding company debt of JP Morgan Chase & Co....
| Nov 14, 2013
| 8:39 AM
WASHINGTON -- Federal Reserve chair nominee Janet L. Yellen strongly defended the central bank's stimulus efforts under questioning at her Senate confirmation hearing Thursday, saying the controversial bond-buying program has helped the economy recover....
| Oct 9, 2013
| 12:25 PM
WASHINGTON -- Janet Yellen, President Obama’s choice to head the Federal Reserve, comes to the post with more years and a wider range of experience at the central bank than her predecessors and a career-long focus on the issue that remains at the...
| Jan 2, 2014
A friend recently got stuck when he tried to explain to his son, who was struggling to find a job, how our economy got to be the way it is. He asked my help since I am a well-known crank on the matter. I offered him three short anecdotes:
| Dec 11, 2013
Here's what counts as success in Washington these days: a budget deal that almost everyone hates and that doesn't solve any of the country's major problems.
The spending bill that Sen. Patty Murray (D-Wash.) and Rep. Paul D. Ryan (R-Wis.) unveiled...
| Sep 29, 2013
News came last month that the Obama administration, following the lead of British Prime Minister David Cameron and his government's so-called Nudge Unit, is recruiting behavioral scientists to help shape regulatory policy. Nudges are ways of offering...
| Nov 25, 2013
Last spring, CoverGirl announced a makeup line called the Capitol Collection, a marketing tie-in with the "Hunger Games" film franchise, based on the novels by Suzanne Collins.
The makeup is supposed to draw its users closer to the world of Panem, where...
| Dec 20, 2013
"Whenever a fellow tells me he is bipartisan," said Harry Truman, "I know he is going to vote against me." The hosannas to bipartisanship accompanying the budget deal passed this week should have served as fair warning to the rest of us that we lost...
| Jan 22, 2014
"Poverty is not some rare disease from which the rest of us are all immune," a leading American politician said last week. "It is but the worst strain of a widespread disease otherwise known as economic insecurity. Most families worry about making ends...