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New Way to Save Downtown: Open-Air Public Drinking, Longer Bar Hours
Bourbon Street, or something sorta like it, may be coming to a city near you. To create more vibrant nightlife scenes and bring faded downtown districts back to life, cities around the U.S. are drunk...
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Already Cheap Gas Prices Are About to Hit Rock Bottom
Prices at the pump sometime head in the exact opposite of the trajectory forecast by analysts. But this autumn, gas prices are steadily plummeting, just as predicted, recently hitting a low for the...
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Tomorrow Voters Decide on Marijuana Taxes, Minimum Wage Hikes, and More
Tomorrow is election day, and across the country states and localities are putting important questions directly to the voters – some of which will have a direct impact on businesses and the economy....
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China’s Economic Reforms Are More Sweeping Than Anybody Realized
After an important Communist Party plenum wrapped up on Tuesday, many observers (including myself) feared that the results showed President Xi Jinping was unwilling to launch the drastic reforms...
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Why Politicians Keep Jacking Up Taxes on Travelers
Politicians are addicted to taxes that they swear aren’t really taxes—not ones paid by locals anyway. In the near future, one of the many taxes paid by air travelers could double. In the aftermath of...
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The Major Tech Companies Missing From the Surveillance Reform Letter
Eight major American tech giants have teamed up for a government surveillance reform campaign, decrying the National Security Agency’s sweeping power and demanding the end of bulk data collection in a...
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Budget Deal Is a Tipping Point for the US Economic Recovery
Whisper it—we may be at a tipping point in the US economic recovery. The announcement that U.S. budget negotiators have reached a provisional two-year deal to avert another government shutdown (which...
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Gas Prices Will Fall in 2014. But You May Pay More at the Pump Anyway
Analysts expect gas prices to decrease or remain mostly flat not only in 2014, but for years to come. Nonetheless, drivers in some states will see higher prices at the pump, starting January 1. Gas...
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Janet Yellen Will Be a Fed Chair for the Real, Everyday Economy
Janet Yellen, vice chairman of the Federal Reserve, was confirmed Monday by the Senate to succeed Chairman Ben Bernanke as the next head of America’s central bank. Her term, which begins Feb. 1, will...
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We’re in a Golden Age for Butter Consumption
Americans are deciding that butter is better. Consumption of old-fashioned butter has reached a 40-year high in the U.S. According to the American Butter Institute, butter consumption in the U.S. in...
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These 4 Shady Weight Loss Companies Were Forced to Issue Huge Refunds
We all know that the only real way to lose weight is through diet and exercise, but who wants to do either of those things? That’s why companies find it so profitable to trick the gullible into...
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Christie’s Traffic Jam May Have Cost Millions
Post updated at 12:26 p.m. Ongoing revelations that a staffer for New Jersey Governor Chris Christie instigated a massive, four-day traffic jam in the area surrounding the George Washington Bridge is...
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2014 Shaping Up as an Epically Bad Year for Potholes
Snow. Freeze. Thaw. Repeat. This has largely been the weather pattern over the past few weeks. And this is the pattern that’s a perfect storm for producing a “bumper crop of potholes,” experts say. The...
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Why ATMs in Legal Pot Shops Are Wreaking Havoc
Many of the Colorado shops that are licensed to sell marijuana have installed ATMs, for the convenience of their customers. What could possibly go wrong? Earlier this month, the Associated Press...
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Currency Crises Abroad Are Benefiting the U.S.
Analysts are calling them “The Fragile Five,” a catchy sobriquet for five countries–Turkey, Brazil, India, South Africa and Indonesia–that have been experiencing serious turmoil in their economies and...
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Pay No Attention to Money-Losing Casinos. Let’s Build More Casinos
Increased competition is making it more difficult for casinos to keep locals employed and pass along hefty payments to host states—which are the two biggest selling points for allowing gambling in the...
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Sochi: Worst Olympics Travel Destination Ever?
It’s a nightmare to get there. Hotels aren’t ready for guests. The visa alone costs over $200 if you want it processed in a reasonable time frame. When you get there, don’t expect to be able to ski....
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Snow Removal This Winter Is Costing Your Town a Fortune
We have a lot more winter—and potentially lots more brutal cold, snow, and ice—to go through before the arrival of spring. The problem is many states and towns have already run through a season’s worth...
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An Animated History Of The Minimum Wage
As Congress debates whether or not to raise the federal minimum wage to $10.10 from its current level of $7.25, here’s a look back at when and how often the rate has been raised in the past since it...
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