Euro wasn’t meant to be a prison but a means to a shared prosperity.
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The euro will not survive unless Europe ends the ongoing humanitarian crisis in Greece.
Most private sector workers are feeling fatter wallets these days because inflation has been so low.
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Inflation-adjusted wages for most private-sector workers are the highest since 1979.
When will the next big one strike?
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A look at the Florida insurance market following the flurry of severe hurricanes in 2004-2005 shows that pooling risk can cut losses.
El Celler’s Joan Roca (center) is now number one, but do consumers really need to know that?
Reuters
Even when a hotel or restaurant ranking accurately reflects quality, consumers may be better off not knowing.
The FDIC sold nearly 500 banks in the financial crisis, losing $90 billion in the process.
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The FDIC – and taxpayers – lost US$90 billion selling almost 500 failed banks. Where did all those banks go?
What does Blatter’s exit mean for the game?
Reuters
The FIFA chief’s surprise resignation was the only halfway decent choice he had left. Now it’s up to the reformers to clean house.
Cars remain submerged on a road in Texas after torrential rains caused massive flooding.
Reuters
The National Flood Insurance Program – the only source for flood-prone property protection – is drowning in debt.
Is the dream of homeownership dying in America?
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June is homeownership month, but the housing industry has little to celebrate this year as surveys show fewer Americans can afford a place of their own.
Sepp Blatter managed to maintain his tight grip on FIFA, for now.
Reuters
The US move against corruption in FIFA, which has been both praised and condemned, strengthens America’s soft power around the world.
The FBI’s net may fail to ensnare FIFA’s “teflon don,” but it could inspire other probes.
Reuters
Corruption at the pinnacle of sports sets a tone for all the rest. Targeting its roots is the right thing to do no matter what comes of the FBI’s investigation.
President Clinton trumpeted NAFTA’s labor protections when he signed the deal into law in 1993.
Reuters
NAFTA promised strong labor protections but failed to deliver. The Trans-Pacific Partnership is headed in the same direction.
Defective “taptic engines” slowed the rollout of the Apple Watch.
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A defective part slowed the rollout of the Watch, but Apple’s renowned supply chain ensured it wasn’t delayed.
Hotel workers cheered after LA approved a measure to lift the minimum wage.
Reuters
Los Angeles’ planned 66% increase over five years pales in comparison with many past minimum wage hikes in California and at the federal level.
Bulls dominate Wall Street but behind them always lurks a big bear.
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Bankers are back to their old ways, putting the global economy at risk just six years after standing at the brink of another Great Depression.
Faulty airbags led to the biggest auto recall in US history.
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From Ford’s Pinto problem to Takata’s defective airbags, sometimes it seems auto companies know how to do little more than mismanage product recalls.
Fast-track proponents say passing trade promotion authority is key to supporting US exports.
Reuters
Passage of trade promotion authority is still far from certain, but yesterday’s Senate vote may signal good news for the trade deals it’s meant to help.
Polemical headlines about student debt combined with a lack of good data can leave some students perplexed.
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The remarkable rise in student debt makes for provocative headlines that aren’t always supported by the available research.
The net neutrality debate has sparked many protests in recent years, culminating in the FCC decision to make broadband a utility.
Reuters
Net neutrality is supposed to keep internet providers from offering preferential treatment, but there’s a loophole when the ISP owns the content.
Nuclear reactors in Tricastin, France.
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Few plants have been built in the West since the ‘70s, and the ones that have been built have suffered from cost overruns and delays.
Senator Warren has had pointed words on the subject of TPA.
Reuters
While the Obama Administration vociferously disagrees, Trade Promotion Authority opens the door to watering down financial reform.
Is this what Verizon sees in AOL?
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Comcast has successfully moved from managing the pipes to owning the content as well, all the while pushing the legal envelope as far as it can.
The European Commission is taking a much tougher line on Google than the FTC did.
Reuters
The EU is accusing Google of abusing its dominance in search, yet a similar antitrust case in the US led to a settlement. What counts for the divergent outcomes?
Unlike the brain, the unemployment rate is fairly simple.
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Economics isn’t brain surgery, so why is a neurosurgeon-turned-presidential candidate dismissing the latest unemployment report?
How has the price of that prototypical prom item, the corsage, changed?
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The Prom Price Index shows the cost to attend the high point of a teenager’s social life is rising at half the pace of inflation.
Has the Bakken oil boom reached its peak?
Reuters
OPEC is already suggesting the US oil boom will end this year. Wishful thinking.