There is a 0% chance that a proposal to eliminate the federal income tax and replace it with a massive national sales tax will even get out of the Republican-controlled House, let alone become law. But the fact that such a bluntly soak-the-poor idea is even getting an airing under new House ...
by Les Leopold More than 150,000 tech workers lost their jobs in 2022, according to one estimate, and an additional 23,000 have been laid off since the start of 2023. These workers are not alone. More than 30 million American workers have gone through mass layoffs since the Bureau ...
When I worked on Reuters’ business desk, we weren’t allowed to parrot press releases reporting that earnings soared 100% from the year before. Why? Because here’s the reality behind some such claims: Acme Pebble’s income last year may have grown from a miserable $100 to only $200. ...
by Conor Sen Inflation was the bogeyman of 2022. Here at the dawn of 2023, the big question for the U.S. economy is whether or not — and when — we’ll dip into a recession this year. In that respect, the bogeyman could become more of a friend. Look for inflation to provide an ...
by Sheldon Jacobson Technology companies are shedding jobs at disturbing rates. Those with experience in computing are being laid off, sometimes with little warning. Freshly minted computer science graduates are facing employment headwinds not seen for well over a decade. Is this the ...
by Eric Heavner Critics on their social media soap boxes have spent the past month loudly proclaiming that Christmas is too commercial. The nub of their complaint is that the true meaning of Christmas is lost amid the buying frenzy that marks the holiday. They claim the essence of ...