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Why China's currency has two names
Why China's currency has two names

China has indicated that it will allow its currency to appreciate - following months of pressure from the US. Some refer to the currency as the yuan, others call it the renminbi. Who is right?Both n

BP Doesn't Pay for Barrier Islands, Drops $50 Mil on Ads
BP Doesn't Pay for Barrier Islands, Drops $50 Mil on Ads

Louisiana officials are wondering why they have still yet to be paid for the massive barrier island projects now underway in the Gulf of Mexico, even as BP rolls-out a $50 million dollar ad campaign

Warren Buffett Aggressively Defends Goldman Sachs
Warren Buffett Aggressively Defends Goldman Sachs

OMAHA, Neb.— Warren Buffett, long a critic of the excesses of Wall Street and the risks of derivatives, is emerging as a stalwart defender of the financial system.At Berkshire Hathaway Inc.'s

America's Economic System Is Still Its Best Hope
America's Economic System Is Still Its Best Hope

In the U.S. today, two camps are battling for the hearts and minds of Americans. Both enjoy the friendly forum of a 24-hour cable-TV news network to express and promote their views. And both surely

Financial Fallout: The Surprising Effects of a Recession
Financial Fallout: The Surprising Effects of a Recession

On March 17, 2010, ScienceDaily published a story about an intriguing report investigating the connection between stock-market activity and the frequency of heart attacks. The researchers, a team fr

Housing: Still a Buyer’s Market
Housing: Still a Buyer’s Market

Hoping to sell your home soon — or at least see its value bounce back? Prepare for some discouraging news.Despite low interest rates and the looming deadline for the $8,000 federal tax credit

How big is the Facebook economy?
How big is the Facebook economy?

Investors are pumping more and more money into web services that are heavily reliant on Facebook. So how big is the economy around the world's most popular social network?An email came through to m

What it means to be poor
What it means to be poor

The Obama administration Tuesday embraced an alternative way of defining what it means to be poor, stepping gingerly into a long-running debate over whether to revise the method that has been used t

Will illegal immigration rebound with the economy?
Will illegal immigration rebound with the economy?

More than a year after the economy tanked, not only do millions of Americans still find themselves out of work, but so do many undocumented immigrants.At least the ones who are still here looking. Ma

China On Path To Become Second-Largest Economy
China On Path To Become Second-Largest Economy

BEIJING — China declared it is over the global crisis and signaled a shift in focus to controlling inflation, sparking concern it could hamper growth and the country's contribution to a world

Why we are all financially doomed!
Why we are all financially doomed!

What is it going to take to get us to mend our ways? Apparently a massive global financial crisis isn't enough. Neither are we convinced by a huge debt hangover which is going to haunt us for gener

Hey White House, where's our broadband stimulus money?
Hey White House, where's our broadband stimulus money?

The White House has announced the destination of about two percent of the government's $7.2 billion broadband stimulus grant package. Where's the rest? everybody's starting to ask. And how do we

Remember those dreamlike images of Dubai? Guess what. You were dreaming
Remember those dreamlike images of Dubai? Guess what. You were dreaming

I am phenomenally stupid. Stupid in every conceivable way except one: I'm dimly aware that I'm stupid. This means I spend much of my time assuming the rest of the world knows better, that everyone

Dubai Has Always Been Bankrupt -- Morally and Environmentally
Dubai Has Always Been Bankrupt -- Morally and Environmentally

Dubai is finally financially bankrupt – but it has been morally bankrupt all along. The idea that Dubai is an oasis of freedom on the Arabian peninsular is one of the great lies of our time. Y

Black Friday 2009: The Holiday Shopping Survival Guide
Black Friday 2009: The Holiday Shopping Survival Guide

Does the idea of shopping on Black Friday make you want to cringe? If the prospect of dealing with the crowds, the lines, the pushing and the shoving intimidates you, take a look at our Black Frida

Five ways Wal-mart in China is way different than at home
Five ways Wal-mart in China is way different than at home

Faced with errands for unrelated items – body lotion, slippers, yogurt – I decided that today I needed some one-stop shopping. Visiting individual shops and bargaining down the price of

China has become the biggest risk to the world economy
China has become the biggest risk to the world economy

Far from taking over as the engine of growth from an exhausted West, China is making matters worse. Its "beggar-thy-neighbour" policies continue to play havoc with global trade and risk tipping the w

Weak dollar driving up gas prices
Weak dollar driving up gas prices

Experts said that the continuing surge in gasoline prices is because of a weak dollar, rising global demand for crude oil, and speculative trading.For many motorists, it's time to play ``let's find

The Origins of the US Dollar
The Origins of the US Dollar

Philosopher Ayn Rand once pointed out that it was Americans who coined the phrase “to make money.” Rather than seeing wealth as something looted or distributed, Rand conceived of it as b

First woman wins Nobel Prize for economics
First woman wins Nobel Prize for economics

Americans Elinor Ostrom and Oliver Williamson won the Nobel Prize for economics for work on how community institutions can prevent conflict, the Nobel Committee announced Monday. Ostrom becomes the

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