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Is America turning into a third world country?

NYC skyline at sunset

One of the hallmarks of a typical third world country is the virtual absence of a middle-class. When you look at the income distribution of a third world country, you’ll see a huge gap in the middle. There’s a lot of poor people on the left side and a huge gap in the middle and a tiny upward spike at ... Read More »

Stagnant Wages May Be to Blame for Weak Housing Market

Family in front of newly purchased home

The US housing market can be quite deceptive. There are a lot of homes that are selling for millions of dollars. In fact, you only need to look at the white-hot Manhattan, New York market to see how crazy home valuations have been getting recently. There are many reports of hundred million penthouses and multimillion dollar apartments. The valuations seem ... Read More »

US Dollar Expected to Strengthen On Employment Numbers & Stimulus

Stack of 100 dollar banknotes

If you are looking for factors that can determine the US dollar’s short-term outlook, take a look at the current central bank-powered currency devaluations happening in Europe and Japan. While the ECB and Bank of Japan aren’t obviously advertising their monetary policies as conscious devaluation, the effect is the same. Both economies would benefit greatly from the decline of their ... Read More »

Jobless Claims Fall as Continuing Claims Reach 14-Year Low

Jobless Claims Fall as Continuing Claims Reach 14-Year Low

The number of people applying for unemployment benefits last week fell slightly, the latest sign that job gains appear to be holding. Weekly applications for jobless benefits dropped 2,000 to a seasonally adjusted 291,000, according to the Labor Department. The four-week average, the less volatile measure, increased 1,750 to 287,500. Claims have remained below 300,000 for ten weeks in a ... Read More »

States Work to Fix Healthcare Exchange Websites for Open Enrollment

States Work to Fix Healthcare Exchange Websites for Open Enrollment

Several states whose healthcare exchange websites did not work properly during last year’s open enrollment period have adopted changes for the second enrollment period that started Saturday. Across the country, state-run exchanges were having mixed success. Some state-run exchanges like Nevada and Oregon have gone under with states choosing to use the federal exchange instead. Other states, notably Massachusetts and ... Read More »

How Shoppers Can Guard Against Hackers on Black Friday

How Shoppers Can Guard Against Hackers on Black Friday

The Black Friday shopping season is only two weeks away. Many consumers worry about another major cyberattack, such as the one that hit Target during last year’s holiday shopping season. Just this week, the U.S. Postal Service announced it was hacked. In the last year, retailers like Target, Home Depot, Jimmy John’s and many others have also been affected by ... Read More »

U.N. Gun Control Treaty Causes Worry Among U.S. Pro-Gun Advocates

U.N. Gun Control Treaty Causes Worry Among U.S. Pro-Gun Advocates

The United Nations Arms Trade Treaty will take effect on Christmas Eve, leading some pro-gun advocates in the United States to worry that the Obama administration will use the treaty as a basis for executive action. The United States delegation to the U.N. supported the treaty, it has little chance of being ratified by two-thirds of the U.S. Senate. According ... Read More »

Walmart Announces Black Friday Sales Plans

Walmart Announces Black Friday Sales Plans

On Wednesday, Walmart revealed its plans for the Thanksgiving shopping weekend. Like Best Buy and Target, the retailer will offer deals on electronics and it will break up Black Friday into three events that begin on Thanksgiving night. “It used to be called Black Friday, then it became Thursday, now it’s a week long,” said Walmart U.S. chief merchant Duncan ... Read More »

Obamacare Costs and Penalties to go up in 2015

Obamacare Costs and Penalties to go up in 2015

The Affordable Care Act is set to begin its next enrollment period on November 15, although some consumers may find a few surprises. Many low-cost healthcare plans under Obamacare will raise rates in 2015. Penalties for filing to get a health insurance plan will also rise steeply in 2015, which may impact many households. Investor’s Business Daily found that a ... Read More »

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