Daily Economy
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A Milestone for the Economic Expansion
This month the current business-cycle expansion, which started in June 2009, has reached the 73-month mark. This makes it equal in length to the previous expansion, which lasted from November 2001 to December 2007. Since there are no signs of an imminent recession, it is a good bet that the current expansion will last more…
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Amid Controversy, Alexander Hamilton Gets a Necktie
With Treasury Secretary Jack Lew planning to shrink Alexander Hamilton’s image on the $10 bill, opponents of the plan are making their feelings known in an interesting way.
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Washington Post Cites AIER College Town Studies
The Washington Post highlights AIER’s rankings of best college towns and best post-college destinations in a prominent article this week. Author Jeffrey Selingo, former editor of The Chronicle of Higher Education, writes about the factors that go into a student’s decision about where to go to college, and finds that the location matters a lot.
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Uber, Airbnb and Government Regulation
Uber may have changed the way people look at taxi services, but as a story in yesterday’s New York Times shows, it is not immune from the same calls for regulation that another “sharing economy” service, Airbnb, has faced in recent years.
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Financial First Steps: Paying Your Bills on Time
In order to be in a position to pursue your dreams, you need to have your financial basics down. The most important of these is your ability to pay bills on time. The key to accomplishing this is to stay organized. The importance of paying your bills on time cannot be overstated. Late payments negatively…
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Economy Grows on a Shaky Foundation of Debt
Median household income has remained stagnant over the past quarter century, when controlled for inflation. With rising needs like cell phones, computers and cable TV, many U.S. households have had to go into debt to maintain a middle-class standard of living. This has provided a boost to the overall economy, because consumer spending makes up…
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•
Investors Favoring Stocks Over Bonds
Investors are buying stocks. The level of stock ownership as a share of portfolios is at a level only seen in 2000 and 2006-2007. The share of mutual fund investments in stock funds is almost 62 percent, according to data from the Investment Company Institute. It makes sense that investors are favoring stocks. Bond yields…
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•
Financial First Steps: Set Your Goals Now
Many of us in our late teens and early 20’s have never really thought about our financial aspirations. No, I am not talking about having enough spending money for your next semester at college. I am talking about your long-term financial goals. These include if you want to buy a house, at what age you…
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•
Greek Financial Crisis: What Would Aristotle Do?
A common put-down of economists is that they know the price of everything but the value of nothing. This pithy comment encapsulates two very different views of money, and can be helpful in understanding how to resolve the Greek financial crisis.
-
•
A Milestone for the Economic Expansion
This month the current business-cycle expansion, which started in June 2009, has reached the 73-month mark. This makes it equal in length to the previous expansion, which lasted from November 2001 to December 2007. Since there are no signs of an imminent recession, it is a good bet that the current expansion will last more…
-
•
Amid Controversy, Alexander Hamilton Gets a Necktie
With Treasury Secretary Jack Lew planning to shrink Alexander Hamilton’s image on the $10 bill, opponents of the plan are making their feelings known in an interesting way.
-
•
Washington Post Cites AIER College Town Studies
The Washington Post highlights AIER’s rankings of best college towns and best post-college destinations in a prominent article this week. Author Jeffrey Selingo, former editor of The Chronicle of Higher Education, writes about the factors that go into a student’s decision about where to go to college, and finds that the location matters a lot.
-
•
Uber, Airbnb and Government Regulation
Uber may have changed the way people look at taxi services, but as a story in yesterday’s New York Times shows, it is not immune from the same calls for regulation that another “sharing economy” service, Airbnb, has faced in recent years.
-
•
Financial First Steps: Paying Your Bills on Time
In order to be in a position to pursue your dreams, you need to have your financial basics down. The most important of these is your ability to pay bills on time. The key to accomplishing this is to stay organized. The importance of paying your bills on time cannot be overstated. Late payments negatively…
-
•
Economy Grows on a Shaky Foundation of Debt
Median household income has remained stagnant over the past quarter century, when controlled for inflation. With rising needs like cell phones, computers and cable TV, many U.S. households have had to go into debt to maintain a middle-class standard of living. This has provided a boost to the overall economy, because consumer spending makes up…
-
•
Investors Favoring Stocks Over Bonds
Investors are buying stocks. The level of stock ownership as a share of portfolios is at a level only seen in 2000 and 2006-2007. The share of mutual fund investments in stock funds is almost 62 percent, according to data from the Investment Company Institute. It makes sense that investors are favoring stocks. Bond yields…
-
•
Financial First Steps: Set Your Goals Now
Many of us in our late teens and early 20’s have never really thought about our financial aspirations. No, I am not talking about having enough spending money for your next semester at college. I am talking about your long-term financial goals. These include if you want to buy a house, at what age you…
-
•
Greek Financial Crisis: What Would Aristotle Do?
A common put-down of economists is that they know the price of everything but the value of nothing. This pithy comment encapsulates two very different views of money, and can be helpful in understanding how to resolve the Greek financial crisis.