The Week: Most Recent Business Posts recent posts.en-usTue, 28 Oct 2014 15:52:00 -0400http://theweek.com Recent Business Posts from THE WEEKTue, 28 Oct 2014 15:52:00 -0400The Fed's (not so) new role: Champion of the working class<img src="" /></P><p><br /></p><p>Earlier this month, Federal Reserve Chair Janet Yellen publicly picked up the income inequality banner that President Obama's administration has largely dropped in the face of multiple global crises, including the situation in Ukraine, the Ebola pandemic, and the rise of the terror group ISIS.</p><p>Obama, in a speech last December, had called inequality the "defining challenge of our time" and committed his administration's full attention to fighting it for the remainder of his term. But Vladimir Putin, Abu Bakr al-Baghdadi, and the Ebola virus had other plans, and what once looked like the administration...</p> <a href="">More</a>By Rob GarverTue, 28 Oct 2014 15:52:00 -0400Google spends more than any other tech giant to influence Congress<img src="" /></P><p><br /></p><p>Silicon Valley keeps playing the D.C. game. Tech and telecom giants including Google and Facebook spent millions on political lobbying in the three-month period from July to September, according to data released last week.</p><p>Google spent nearly $4 million on its efforts to win favor with lawmakers, up 17 percent over the same period last year (but down from roughly $5.3 million last quarter). Among major tech-related companies only Comcast spent more last quarter. The cable giant, of course, is trying to win approval for its $45 billion mega merger with Time Warner Cable.</p><center><br /></center><p>Over the first nine...</p> <a href="">More</a>By Yuval RosenbergMon, 27 Oct 2014 15:58:00 -04007 mental biases that could impact how you invest<img src="" /></P><p><br /></p><p>Fall, curiously, has never been viewed as a great season for investing.</p><p>Historically, the stock market tends to see a decline in September, and it's generally considered the worst month performance-wise for stocks. Meanwhile, the biggest stock market crashes &mdash; Black Tuesday in 1929 and Black Monday in 1987 &mdash; both took place in October.<span > </span></p><p>Even pundits have a hard time pinpointing the market forces that can possibly explain why 'tis the season for skittish investors.</p><p>But there is one thing that seems indisputable: There's no shortage of <em>brain</em> forces at work.</p><p>Maybe the end of summer...</p> <a href="">More</a>By Kate AshfordMon, 27 Oct 2014 08:49:00 -0400Personal finance tips: Choosing a college loan, and more<img src="" /></P><p class="p1"><strong><span class="s1"> Choosing a college loan<br /></span></strong>If your family hasn't set aside anything for your kids' college tuition, don't panic, said Ron Lieber at <em>The New York Times.</em> You aren't alone, but "the sad fact is, most families with no savings will be borrowing a fair bit of money to send their children to college." Schools may offset the cost with grants, "but don't count on generosity here unless the school is particularly well endowed." Do your research on loans: Government-backed loans are the best, "and most traditional-age students can take out $31,000 in loans during their time as undergraduates." They also come...</p> <a href="">More</a>By <a href="/author/sergio-hernandez" ><span class="byline">Sergio Hernandez</span></a>Mon, 27 Oct 2014 06:08:00 -0400Who profits from plunging oil prices?<img src="" /></P><p class="p1"><span class="s1">Americans are getting some "badly needed relief" at the pump, said Stephen Moore at <em>Fox News</em>. The price of oil has plummeted this year, falling more than 25 percent since June alone, to just over $80 a barrel. The reasons are varied: Slowing economies in Europe and China are driving down demand, and the supply of oil has increased, thanks to fracking in the U.S. and renewed production in conflict zones like Libya. The lower prices could produce an "economic stimulus par excellence" here in the U.S. A sustained decline of this magnitude could translate into more than $200 billion a year of savings...</span></p> <a href="">More</a>By <a href="/author/sergio-hernandez" ><span class="byline">Sergio Hernandez</span></a>Sun, 26 Oct 2014 08:00:00 -0400America's anti-feminist mega-corporations' toxic disregard for women must stop<img src="" /></P><p>Want to sacrifice your life to the soulless Moloch of post-industrial capitalism? There's an app for that!</p><p>The recent news that Apple and Facebook have decided to pay for egg-freezing for their female employees has generated a bit of buzz and some amusement, but not a lot of serious critique. Yet this is enormously revealing news &mdash; about post-industrial capitalism, about the sexes, about the contradictions of feminism on the one hand and conservatism on the other, and generally about The Way We Live Now.</p><p>First, there is an obvious reason why this egg-freezing news is shocking: It is impossible...</p> <a href="">More</a>By <a href="/author/pascal-emmanuel-gobry" ><span class="byline">Pascal-Emmanuel Gobry</span></a>Fri, 24 Oct 2014 09:30:00 -040010 self-sabotaging interview mistakes to avoid<img src="" /></P><p><br /></p><p>When it comes to fear-inducing situations, job interviews are right up there with public speaking and first dates.</p><p>In fact, a recent survey found that 92 percent of people feel interview anxiety, citing doubt over their qualifications, whether they'd be able to answer questions correctly &mdash; and even if they'd make it to the meeting on time.</p><p>Frankly, this stat should come as no surprise. After all, you're trying to build rapport with strangers in an unfamiliar place, you're being put on the spot &mdash; and there's a lot at stake from this one encounter.</p><p>But in order to really rock that...</p> <a href="">More</a>By Molly TriffinThu, 23 Oct 2014 09:01:00 -0400Paul Krugman, Amazon, and the left's backwards view of book-industry titans<img src="" /></P><p>More and more, Paul Krugman is turning into a caricature of himself.</p><p>The Nobel Prize&ndash;winning <em>New York Times</em> columnist wrote an op-ed this week arguing that Amazon wields a dangerous amount of clout, using Amazon's dispute over book prices with Hachette publishing group as his prime evidence. Amazon "has too much power," Krugman writes, "and it uses that power in ways that hurt America." Krugman compares Amazon to the Big Oil robber barons of a century ago, arguing that no matter how much customers love Amazon, the e-tail giant is bad.</p><p >...Amazon's defenders often digress into paeans to online...</p> <a href="">More</a>By <a href="/author/pascal-emmanuel-gobry" ><span class="byline">Pascal-Emmanuel Gobry</span></a>Tue, 21 Oct 2014 06:17:00 -0400The main reason markets are jittery? The future looks gloomier than it did before.<img src="" /></P><p><br /></p><p>After a relatively benign period, market upheaval has returned. The main stock market indices fell last week across Asia, Europe and the U.S., while safe-haven assets like gold have been on the rise. This followed a slow drip of bad economic news, not least the sharp fall in German industrial output in August. More recent was the latest "World Economic Outlook" by the International Monetary Fund (IMF), which makes sober reading.</p><p>The agency has downgraded the forecasts for global growth that it made in April and July. Lurking in the background is an underlying global debt problem: the slow, costly...</p> <a href="">More</a>By Sayantan GhosalMon, 20 Oct 2014 09:05:00 -0400Personal finance tips: A warmer, less-expensive winter, and more<img src="" /></P><p class="p1"><strong><span class="s1"> Preparing for higher interest rates<br /></span></strong>The balmy climate for bond investors is "about to get chillier," said Jonathan Burton at <em>The Wall Street Journal</em>. The Federal Reserve is signaling that the benchmark federal funds rate, currently near zero, will soon begin to rise and could approach 4 percent by the end of 2017. As a result, bondholders should "adjust their portfolios &mdash; and expectations." Experts say investors should keep a close eye on the pace of the rate increases. "Fast and furious will damage bond portfolios more than slow and steady." The good news is that the Fed has hinted any rate...</p> <a href="">More</a>By <a href="/author/sergio-hernandez" ><span class="byline">Sergio Hernandez</span></a>Mon, 20 Oct 2014 06:17:00 -0400