Green Cars Reach Affordability in 2020? [Video]

Green Cars Reach Affordability in 2020? [Video]

greencars

Looks like green cars won't reach affordability until 2020. … [Read more...]

Bernanke Has Stayed Long Enough [Video]

Bernanke Has Stayed Long Enough [Video]

OB-XP187_shelto_G_20130523191212

President Barack Obama said in an interview Federal Reserve Chairman Ben Bernanke has stayed in his post "longer than he wanted." "Ben Bernanke's done an outstanding job," Obama said in an interview with Charlie Rose that aired … [Read more...]

Jason Furman, Stimulus Creator/Core Contributor to Obamacare/Sequester Alarmist, Nominated for Chairman of Economic Advisers

Jason Furman, Stimulus Creator/Core Contributor to Obamacare/Sequester Alarmist, Nominated for Chairman of Economic Advisers

Left to right: Jason Furman, President Obama, Alan Krueger

President Obama tapped longtime economic adviser Jason Furman on Monday to be the next chairman of the White House Council of Economic Advisers, calling him "one of the most brilliant economic minds of his generation." During a White House … [Read more...]

Obama: ‘We Don’t Want to Tax All Businesses Out of Business’

Obama: ‘We Don’t Want to Tax All Businesses Out of Business’

Obama forehead

President Barack Obama says Democrats "don't want to tax all businesses out of business." "I know that there are a few Republicans here in the audience," Obama said Friday at a fundraiser for the Democratic Senatorial Campaign in Palo Alto, Ca. … [Read more...]

Schools or Prisons? Cities Make Odd Budget Cuts [Video]

Schools or Prisons? Cities Make Odd Budget Cuts [Video]

Prison_Wide

Cities across the country are shutting down schools as way to deal with budget deficits. In cities like Chicago and Philadelphia, government officials say the closures are a last resort. Meanwhile, millions of dollars are being directed toward … [Read more...]

California’s To Increase Hourly Minimum Wage

California’s To Increase Hourly Minimum Wage

House-Money-Grab1-250x275

A bill to raise California's hourly minimum wage to $9.25 over the next three years won approval Thursday in the state Assembly. Assembly Bill 10 by Assemblyman Luis Alejo, D-Watsonville, passed 45-25 mostly along party lines. It would be the … [Read more...]

5 Take-Aways from Today’s Jobs Report

5 Take-Aways from Today’s Jobs Report

WCJ-JOBS (May 2013)

The economy added 175,000 jobs in May, a bit better than April’s job growth of 149,000, and the unemployment rate ticked up to 7.6%. Economists are still digesting today’s report, but here are five initial takeaways: The song remains the … [Read more...]

Chrysler Refuses Government Recall [Video]

Chrysler Refuses Government Recall [Video]

recall

Chrysler defies a government recommendation by refusing to recall millions of Jeeps, insisting the vehicles are safe. … [Read more...]

Risk Aversion Plagues U.S. Business

Risk Aversion Plagues U.S. Business

Florist, Business Owner, Woman

Americans have long taken pride in their willingness to bet it all on a dream. But that risk-taking spirit appears to be fading. Three long-running trends suggest the U.S. economy has turned soft on risk: Companies add jobs more slowly, even in … [Read more...]

Why Outsourcing is Bad for Business [Video]

Why Outsourcing is Bad for Business [Video]

outsourcing

As countries like China and India become leaders in manufacturing the costs of their expertise rises diminishing their advantage against US counterparts. Adversely, convoluted and increasingly risky supply chains dependent on inexperienced vendors … [Read more...]