Rick Newman


July 2010


When the Tax Hikes Are Coming

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If you love class warfare, your moment has arrived. The next several weeks, leading up to the November elections, are sure to be filled with resounding political invective over who should pay for Washington's profligate spending over the last decade. Democrats will argue that the rich and near-rich ...

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TAGS:
economy

7 New Skills Every Worker Needs

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You're an expert at something? Hey, congratulations. Now, go become an expert at something else.

Most Americans striving to find or keep a job know the sensation: It's getting harder to get ahead, and the demands keep intensifying. Everybody knows how the recession destroyed wealth and derailed ...

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4 Reasons To Fear Deflation

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When the price of cars or sweaters or iPods declines, it's a break for consumers and a welcome sign that economic productivity is improving. That helps drive up living standards. But when the price of everything drops, it's an alarming development that portends stagnation.

The consumer price index,

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TAGS:
inflation
economy
prices

How Jobless Aid Became Dysfunctional

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Ever watch a parent lecture a demanding child about self-discipline—then give him everything he asks for? That's the pattern Congress is falling into.

Beleaguered governors and advocates for the jobless are pleading with Congress to extend unemployment insurance, for at least the sixth time since ...

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TAGS:
employment
unemployment
deficit and national debt
Congress
governors
Obama, Barack
Obama administration
federal budget

Why Raises Are So Scarce

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Most Americans could use a nice raise. Maybe next year.

For 2010, companies on average are increasing their payroll budgets by 2.5 percent, according to an annual study by the Conference Board. That's higher than last year, but otherwise it represents the weakest growth in raises since the research ...

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TAGS:
employment
careers
money
salaries

Where Taxes Are Up, Services Down

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In California, tuition at state universities has soared, income taxes have gone up, and the governor wants to kill a noted work-to-welfare program. Arizona has raised its sales tax, slashed funding for state parks, and considered eliminating health care for more than 300,000 needy people. New ...

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TAGS:
taxes
federal budget

A State-by-State "Pain Index"

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The recession might technically be over, but the funding crunch in state and local governments could actually get worse. The stimulus act passed in 2009 sent about $250 billion to states, to help offset a plunge in tax revenues, which is how most states fund schools, roads, Medicaid, welfare, and ...

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TAGS:
federal taxes
federal budget

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