Rick Newman


May 2011


One Woman's Fight to Rejoin the Middle Class

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A few months after losing her administrative job in the summer of 2008, 23-year-old Brianna Karp got rid of her furniture, a beloved piano, and most of her books so she could move back in with her parents. When that didn't work out, she moved into an old trailer a relative had left her, settling ...

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TAGS:
poverty
economy

The One Sure Way to Drive Gas Prices Down

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There's a saying in the oil industry: The cure for high oil prices is high oil prices.

It's not as circular as it sounds. When oil prices get uncomfortably high, something decisive tends to happen that depresses demand for oil, pushing prices back down. Sometimes surging oil prices trigger a ...

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TAGS:
gas prices
oil

3 Reasons to Stop Hectoring Big Oil

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This is getting embarrassing.

Every time gas prices get uncomfortably high, Americans look for a villain and come up with the usual suspects: evil, invisible speculators trying to corner the market. Politicians opposed to more domestic drilling. China and India, which are suddenly buying up all the ...

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TAGS:
oil
economy
global economy

5 Reasons Taxes Are Going to Rise

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John Boehner is no George H. W. Bush. At least that's his line for now. The Republican House Speaker has famously insisted that new taxes are a "nonstarter" in negotiations over how to slash the federal debt. Unlike Bush, who relented on his 1988 campaign pledge not to raise taxes and lost the ...

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TAGS:
estate taxes
taxes

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