Even With Low Prices, US Oil Industry Pushing for Exports - ABC News

Supporters see possible inroads in a Congress controlled by Republicans who generally are considered more receptive to oil exports, as well as some signs that the Obama administration may at least be open to consider changes to longstanding policy, ...

Thursday, January 29, 2015

America needs a real plan for economic growth - The Detroit News

So said President Barack Obama in the State of the Union last week. At first glance, this appears correct. In Michigan, the unemployment rate fell from 8.5 to 6.7 percent last year. The economy also grew 5 percent in the 3rd quarter of 2014 — the ...

Wednesday, January 28, 2015

What could derail the housing market in 2015 - CNBC

The housing recovery began losing steam toward the end of 2014. Rising home prices and tight credit combined to sideline potential buyers, especially those considering an investment in their first home. While hopes are high for 2015's spring market ...

Friday, January 23, 2015

Cheap oil fuels SUV sales - Charlotte Observer

Where is the logic in buying a gas-guzzling SUV just because gas prices are so low? As gas prices have tumbled, gas-hog sales have soared. November sales of the Cadillac Escalade SUV were up 91.5 percent over November of last year. In December ...

Friday, January 23, 2015

Why Obama Wants to Tax College Savings - TIME

The president proposed ending a key tax break on state 529 college savings plans. Today, the money you invest in a 529 plan isn't deductible on your federal taxes (34 states and the District of Columbia give you a break on state taxes), but your ...

Thursday, January 22, 2015

Phoenix launches economic development campaign amid Super Bowl hoopla - Phoenix Business Journal

With all eyes on greater Phoenix because of the Super Bowl, the city of Phoenix is kicking off a campaign that lets everyone know it is poised for new economic and business opportunity. The big game will be played in Glendale, but downtown Phoenix is ...

Thursday, January 22, 2015

The Obama tax proposals: Tailored cuts and hikes - USA TODAY

The White House notes that the capital gains rate under President Reagan was 28%. Jon Traub, managing principal of the tax policy group at Deloitte, notes that the maximum income tax rate during President Reagan's term was also 28%, so the comparison ...

Wednesday, January 21, 2015

7 Ways to Trick Yourself into Saving More Money in 2015 - TIME

But when your money is already being saved automatically, inertia works in your favor, since it'll take more effort to stop saving than to do nothing. That is why a growing number of 401(k) plans offer automatic enrollment with a default monthly ...

Tuesday, January 20, 2015

Uber founder aims to create 50000 jobs in Europe - USA TODAY

Uber was founded by Kalanick and the Canadian entreprenuer Garrett Camp in 2009. It operates in more than 200 cities across the world, having grown rapidly by offering cheap rates and a user-friendly smartphone service to find and pay drivers.

Monday, January 19, 2015

Do the rich pay lower taxes than the middle class? - CNBC

A new study finding an "unfair," rich-poor balance in state and local taxes has been getting big traction on the Web this week. The study, from the Institute on Taxation and Economic Policy, found that "virtually every state's tax system is ...

Thursday, January 15, 2015

American jobs are back, but wages aren't. Is this normal now? - CNNMoney

America had 5 million job openings at the end of November, the most since 2001, according to new government data. That means the U.S. isn't just back to pre-recession levels, it's humming better than it has in a decade. In fact, last year was the best ...

Wednesday, January 14, 2015

Raise the Gas Tax Now - Newsweek

Three months ago, gas taxes were untouchable. Now, with oil prices down, they're having a moment. Public voices ranging from Larry Summers to Charles Krauthammer are calling for hikes. (Summers argues for a carbon tax; Krauthammer says the tax ...

Tuesday, January 13, 2015

How To Invest Your First $5000 - Forbes

Since the Great Recession in 2008, many people lost their stomachs for investing. It can seem like a scary thing, reserved for the world of Wall Street and financiers. But that doesn't mean that millennials shouldn't get involved. Whether you want to ...

Tuesday, January 13, 2015

The Best Jobs of 2015 - U.S. News & World Report

Each year, U.S. News faces a tall task: Ranking jobs to highlight those that are better than most. The problem? There isn't one type of worker who wants one type of job to fit one type of lifestyle. But whether you're drawn to work in health care or IT ...

Tuesday, January 13, 2015

Russia faces wave of bankruptcies if interest rates don't fall - CNNMoney

The pressure is building on Vladimir Putin: Russia will be hit by a wave of bankruptcies unless it cuts interest rates very soon, a top financial official warned Monday. Anatoly Aksakov, president of Russia's regional banking association and deputy ...

Tuesday, January 13, 2015

Mind the gap in multi-speed world economy after oil plunge - CNBC

Robust recovery in the United States, a moribund euro zone and slowing Chinese growth reflect global splits which plunging oil prices are likely to widen. On the face of it, lower energy bills should give consumers and companies more money to spend and ...

Sunday, January 11, 2015

Will weak global growth infect the US economy? - CBS News

The air is coming out of the global economy just as the U.S. is catching a tailwind. But can the American economy maintain its recent momentum even as growth around the world wanes? The Organisation for Economic Cooperation and Development, which ...

Thursday, January 08, 2015

Obama's gas price warning: They won't last forever - CNN

That was President Barack Obama's message to American consumers on Tuesday as he discussed near six year-low gas prices in an interview with The Detroit News ahead of a visit to Michigan on Wednesday to tout the recovery of the auto industry and the ...

Wednesday, January 07, 2015

Housing 2015: The return of first-time home buyers - CNNMoney

What they will find are much more favorable conditions than they have seen in years, including lower down payment mortgages, looser lending standards and a bigger selection of homes to choose from. Here are four housing market trends economists and ...

Monday, December 29, 2014