Rick Newman


October 2009


Get Used To a Bipolar Economy

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Just a few months ago, we were gloomy all the time. It was easier that way.

Now we’re enduring frequent mood swings as the economy teases us with recovery, then smacks down our hopes. There was a bout of euphoria when we learned that the economy grew 3.5 percent in the third quarter, the first ...

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Why More Competition Won’t Fix Healthcare

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Vigorous competition. It's the go-to cure for free-market ailments. When the consumer's getting the shaft, just open up the market, bring in more providers, and watch prices fall.

A lot of the time, it works. Car buyers get terrific deals and great quality because a dozen automakers compete ...

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TAGS:
health care

9 Signs of America in Decline

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The sky isn't falling, exactly. America isn't on a fast track to irrelevance. Even in a state of total neglect, we could probably shamble along as a disheveled superpower for a few more decades.

But all empires end, and the warning signs of American decline seem to be blinking more consistently. In ...

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How Gary Vaynerchuk Crushes It

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I had a lively sit-down chat recently with Gary Vaynerchuk, founder of WineLibraryTV.com and author of the new bestseller Crush It: Why Now Is The Time To Cash In On Your Passion. Vaynerchuk is one of the most energetic folks I've ever met, and he has some compelling ideas about how to use the Web ...

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The Last of the Wall Street Pay Cuts

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The Obama administration is finally getting tough—on corporate invalids.

The government's "pay czar," Kenneth Feinberg, is coming down hard on the seven firms under his jurisdiction, ordering steep pay cuts for about 175 top executives. The brass at AIG, Citigroup, Bank of America, GMAC, General ...

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TAGS:
executive pay
executives

The Healthcare-Reform Hypocrisy Sweepstakes

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Most people with a stake in the U.S. healthcare system agree there are deep problems that must be fixed. As long as somebody else pays for it.

Virtually all of the problems reformers are struggling to solve—relatively poor health outcomes, medical bankruptcies, nearly 50 million uninsured—derive ...

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TAGS:
health care

Why Stocks Are Surging as Jobs Disappear

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Stocks are up. Jobs are down. So if you're an investor you're enjoying a vibrant recovery and if you're a worker it still feels like a grinding recession.

Since bottoming out in March, the stock market has soared by about 65 percent, one of the most awesome rallies in market history. The Dow Jones ...

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TAGS:
stocks

Corporate America’s Identity Crisis

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The Man is confused. So I guess it's OK if the rest of us are too.

We tend to think of corporate America as a monolithic bloc of mostly middle-aged men with a prescribed set of views. Politically, they're moderate to conservative (though not necessarily represented these days by the angry mob the ...

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5 Myths About the Economic 'Recovery'

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Surprise. That economic recovery we keep hearing about seems to be playing hide-and-seek.

Federal Reserve Chairman Ben Bernanke and others have said that, technically speaking, the recession is over. The stock market has been charging forward, with a 58 percent gain between the lows of March and a ...

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TAGS:
recession

So Much For Thrift

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The A-list economic indicators are GDP growth and the unemployment rate, which tell us at a glance if the recession is over, and if it feels like it's over. (It is over, but it doesn't feel like it.) But I'm more interested in another monthly number: The personal savings rate. This is the figure ...

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TAGS:
economy

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