The Week: Most Recent Business Postshttp://theweek.com/section/index/businessMost recent posts.en-usFri, 22 Aug 2014 09:33:00 -0400http://theweek.comhttp://theweek.com/images/logo_theweek.pngMost Recent Business Posts from THE WEEKFri, 22 Aug 2014 09:33:00 -0400Why 100 million people bank at credit unionshttp://theweek.com/article/index/266802/why-100-million-people-bank-at-credit-unionshttp://theweek.com/article/index/266802/why-100-million-people-bank-at-credit-unions<img src="https://7e8c.https.cdn.softlayer.net/807E8C/origin.theweek.com/img/dir_0124/62110_article_main/w/240/h/300/with-more-atms-supporting-credit-unions-members-options-are-expanding.jpg?208" /></P><p><br /></p><p>Because a growing number of Americans are disillusioned with their banks, which have been regularly increasing their consumer fees, credit unions are reaping the benefits.</p><p>In June, credit unions surpassed 100 million members nationwide, an increase of more than 16 percent from 10 years ago, according to the Credit Union National Association. In the past year alone, they've added 2.85 million members.</p><p>Many of these new members have left their banks in the years since the financial crisis.</p><p>"People are still feeling bruised from the downturn," Mike Schenk, chief economist at CUNA, told <em>The Fiscal...</em></p> <a href="http://theweek.com/article/index/266802/why-100-million-people-bank-at-credit-unions">More</a>By Marine ColeFri, 22 Aug 2014 09:33:00 -0400What's wrong with Europe's economy?http://theweek.com/article/index/266792/whats-wrong-with-europes-economyhttp://theweek.com/article/index/266792/whats-wrong-with-europes-economy<img src="https://7e8c.https.cdn.softlayer.net/807E8C/origin.theweek.com/img/dir_0124/62087_article_main/w/240/h/300/the-eurozone-isnt-exactly-the-envy-of-the-world-these-days.jpg?208" /></P><p class="p1"><span class="s1">The eurozone is at a standstill, said <em>Bloomberg View</em> in an editorial. Six years after the global recession, Europe's economic output remains flat &mdash; stuck at 2.4 percent below its pre-crisis peak. Meanwhile, "all three of the euro area's biggest economies &mdash; Germany, France, and Italy &mdash; are failing." Germany's economy actually shrank in the second quarter, while Italy's contracted for the second quarter in a row. Although "patience is often a virtue in central banking," the eurozone is also running dangerously "close to outright deflation." What the region needs is "quantitative...</span></p> <a href="http://theweek.com/article/index/266792/whats-wrong-with-europes-economy">More</a>By <a href="/author/sergio-hernandez" ><span class="byline">Sergio Hernandez</span></a>Fri, 22 Aug 2014 06:08:00 -04009 easy money moves you can make in 10 minutes or lesshttp://theweek.com/article/index/266401/9-easy-money-moves-you-can-make-in-10-minutes-or-lesshttp://theweek.com/article/index/266401/9-easy-money-moves-you-can-make-in-10-minutes-or-less<img src="https://7e8c.https.cdn.softlayer.net/807E8C/origin.theweek.com/img/dir_0123/61914_article_main/w/240/h/300/get-movin.jpg?208" /></P><p><br /></p><p>Minding your money doesn't have to be time-consuming.</p><p>No, really!</p><p>There are plenty of quick and simple steps you can take that can have a positive impact on your financial well-being &mdash; like these nine money to-dos that should take only ten minutes (or less!) of your time.</p><p>So what are you waiting for? The clock is ticking!</p><p><strong>1. Set up an automatic savings transfer.<br /></strong>We all want to save more of what we make, but sometimes life gets in the way. Our best intentions can get waylaid by a busy schedule, a few spending splurges, or just plain forgetfulness.</p><p>That's why setting up an automatic savings...</p> <a href="http://theweek.com/article/index/266401/9-easy-money-moves-you-can-make-in-10-minutes-or-less">More</a>By LearnVest StaffTue, 19 Aug 2014 16:53:00 -0400For millions of part-time workers, the jobs crisis isn't overhttp://theweek.com/article/index/266605/for-millions-of-part-time-workers-the-jobs-crisis-isnt-overhttp://theweek.com/article/index/266605/for-millions-of-part-time-workers-the-jobs-crisis-isnt-over<img src="https://7e8c.https.cdn.softlayer.net/807E8C/origin.theweek.com/img/dir_0124/62005_article_main/w/240/h/300/theres-no-good-reason-for-policy-makers-to-leave-the-underemployed-out-in-the-cold.jpg?208" /></P><p>All things considered, the U.S. has done a decent job of addressing the jobs crisis of the last few years. The jobless rate in the U.S. is just 6.2 percent, well below the double-digit peak it reached in 2009. In the eurozone, by contrast, the unemployment rate is 12 percent &mdash; and it isn't coming down, the result of a succession of policy mistakes that have facilitated an epic economic depression.</p><p>But while the U.S. has used fiscal and monetary stimulus to bring down the headline unemployment rate, there are still a whopping 7.5 million people working part-time who want full-time jobs. And...</p> <a href="http://theweek.com/article/index/266605/for-millions-of-part-time-workers-the-jobs-crisis-isnt-over">More</a>By <a href="/author/john-aziz" ><span class="byline">John Aziz</span></a>Tue, 19 Aug 2014 12:18:00 -0400Here's the latest economic 'crisis' that has pundits in a tizzyhttp://theweek.com/article/index/266541/heres-the-latest-economic-crisis-that-has-pundits-in-a-tizzyhttp://theweek.com/article/index/266541/heres-the-latest-economic-crisis-that-has-pundits-in-a-tizzy<img src="https://7e8c.https.cdn.softlayer.net/807E8C/origin.theweek.com/img/dir_0123/61969_article_main/w/240/h/300/lets-not-panic-just-yet.jpg?208" /></P><p>We are five years into what must be the most broadly pessimistic bull market of all time.</p><p>While the S&amp;P500 has risen to all-time highs, levels of economic confidence are down in the dumps. According to a <em>Wall Street Journal/</em>NBC poll earlier this month, 76 percent of adults lack confidence that their children's generation will have a better life than they do. Seventy-one percent of adults think the country is on the wrong track, and 60 percent believe America is in a state of decline.</p><p>Now, the causes of this deep, entrenched pessimism seem to be mostly political. For example, according to...</p> <a href="http://theweek.com/article/index/266541/heres-the-latest-economic-crisis-that-has-pundits-in-a-tizzy">More</a>By <a href="/author/john-aziz" ><span class="byline">John Aziz</span></a>Mon, 18 Aug 2014 11:50:00 -0400Personal finance tips: The cost of retail-branded cards, and morehttp://theweek.com/article/index/266362/personal-finance-tips-the-cost-of-retail-branded-cards-and-morehttp://theweek.com/article/index/266362/personal-finance-tips-the-cost-of-retail-branded-cards-and-more<img src="https://7e8c.https.cdn.softlayer.net/807E8C/origin.theweek.com/img/dir_0123/61905_article_main/w/240/h/300/renting-could-be-the-way-to-go.jpg?208" /></P><p class="p1"><span class="s1"><strong> The right way to rent textbooks</strong><br /> If the high cost of textbooks has you in a panic, consider renting, said Ann Carrns at <em>The New York Times</em>. The average cost of college textbooks and supplies is about $1,200 per year, but more-affordable alternatives are becoming more popular. Last semester, more than a third of students rented at least one textbook, up from a quarter a year earlier. When deciding whether to rent or buy, start by comparing prices, both at your campus bookstore and online booksellers like Chegg.com and Amazon. If you rent and are worried about late fees, text and email reminders...</span></p> <a href="http://theweek.com/article/index/266362/personal-finance-tips-the-cost-of-retail-branded-cards-and-more">More</a>By <a href="/author/sergio-hernandez" ><span class="byline">Sergio Hernandez</span></a>Mon, 18 Aug 2014 06:14:00 -0400Is the U.S. economic recovery almost over -- already?http://theweek.com/article/index/266456/is-the-us-economic-recovery-almost-over--alreadyhttp://theweek.com/article/index/266456/is-the-us-economic-recovery-almost-over--already<img src="https://7e8c.https.cdn.softlayer.net/807E8C/origin.theweek.com/img/dir_0123/61942_article_main/w/240/h/300/its-easier-to-talk-about-opportunities-than-to-yknow-create-them.jpg?208" /></P><p>Half of America still thinks the Great Recession never ended. That, even though the U.S. economy continues to grow and add jobs.</p><p>It's an understandable view, of course. Median family incomes are 3 percent lower today than five years ago, new jobs pay a fifth less than those lost during the downturn, and the share of adults with a job remains well below pre-recession levels. For most workers &mdash; particularly those who aren't software engineers at Google &mdash; the Not-So-Great Recovery has been a bust.</p><p>That's not even the worst of it. If history is any guide, we're overdue for another recession...</p> <a href="http://theweek.com/article/index/266456/is-the-us-economic-recovery-almost-over--already">More</a>By <a href="/author/james-pethokoukis" ><span class="byline">James Pethokoukis</span></a>Mon, 18 Aug 2014 06:08:00 -0400I helped bankroll my brother -- and came to regret ithttp://theweek.com/article/index/266244/i-helped-bankroll-my-brother--and-came-to-regret-ithttp://theweek.com/article/index/266244/i-helped-bankroll-my-brother--and-came-to-regret-it<img src="https://7e8c.https.cdn.softlayer.net/807E8C/origin.theweek.com/img/dir_0123/61836_article_main/w/240/h/300/on-second-thought.jpg?208" /></P><p><br /></p><p>My older brother and I have never been particularly close.</p><div class="want-more-block"><p>We got along well enough as children, but our relationship didn't grow into the strong, tight-knit kind I've seen other siblings share. Let's just say we're very different people: He's an introvert, while I'm a social butterfly. And the truth is that if we weren't family, we probably wouldn't run in the same circles.</p></div><p>But when I saw my brother start to struggle financially, I couldn't help but feel the natural tug to step in. He's family, after all, and I had enough room in my budget to spare a little.</p><p>So, really, it was a no-brainer...</p> <a href="http://theweek.com/article/index/266244/i-helped-bankroll-my-brother--and-came-to-regret-it">More</a>By Danielle Woods*, as told to Marianne HayesSun, 17 Aug 2014 09:00:00 -0400Will a robot steal your job?http://theweek.com/article/index/266364/will-a-robot-steal-your-jobhttp://theweek.com/article/index/266364/will-a-robot-steal-your-job<img src="https://7e8c.https.cdn.softlayer.net/807E8C/origin.theweek.com/img/dir_0123/61909_article_main/w/240/h/300/gunning-for-a-promotion-meet-your-new-competition.jpg?208" /></P><p class="p1"><span class="s1">The robots are coming, said Claire Cain Miller at <em>The New York Times</em>. Machines have already "progressed from displacing factory workers to personal assistants and even lawyers," and over the next decade, we'll see them more and more behind counters from the coffee shop to the airport. But on the question of "whether we're heading toward a robot-led coup or a leisure-filled utopia," Silicon Valley is "evenly split." According to a survey of nearly 2,000 technology experts by the Pew Research Center, 52 percent believe that robots won't displace more jobs than they create by 2025. But 48 percent...</span></p> <a href="http://theweek.com/article/index/266364/will-a-robot-steal-your-job">More</a>By <a href="/author/sergio-hernandez" ><span class="byline">Sergio Hernandez</span></a>Sun, 17 Aug 2014 08:00:00 -0400Europe is in an epic depression -- and it's getting worsehttp://theweek.com/article/index/266423/europe-is-in-an-epic-depression--and-its-getting-worsehttp://theweek.com/article/index/266423/europe-is-in-an-epic-depression--and-its-getting-worse<img src="https://7e8c.https.cdn.softlayer.net/807E8C/origin.theweek.com/img/dir_0123/61932_article_main/w/240/h/300/things-arent-looking-up.jpg?208" /></P><p>Economic growth in Europe came in at zero in the second quarter of 2014. That's better than being in recession. But it's not the growth that Europe &mdash; with its huge unemployment rate of 12 percent, or roughly 19,130,000 people out of work &mdash; needs.</p><p>The euro zone (below in blue) has been in a depression since the financial crisis. That's because in terms of gross domestic product, the euro zone has not risen back to its pre-financial-crisis levels. The U.S. (below in red), on the other hand, has gotten out of its slump and continues to grow at a decent clip:</p><p><br /></p><p >(Federal Reserve Bank of...</p> <a href="http://theweek.com/article/index/266423/europe-is-in-an-epic-depression--and-its-getting-worse">More</a>By <a href="/author/john-aziz" ><span class="byline">John Aziz</span></a>Fri, 15 Aug 2014 06:05:00 -0400