Against the backdrop of big uncertainties business are facing — everything from the future of fed policy and leadership and gridlock in Washington to the effects of Obamacare, inflation and unemployment — Robert Siegel talks with Pat Meyer, president and CEO of windows and doors maker Pella Corporation for an on-the-ground sense of how businesses see these uncertain economic times.
Federal Reserve policymakers wrapped up their two-day October meeting Wednesday by announcing that they will maintain the Fed's $85 billion per month bond purchase program. The central bank's statement said that conditions in the labor market have "improved" and inflation is modest. But, in explaining the decision to maintain the stimulus, the statement pointed to a slowing housing market and said that fiscal policy is "restraining economic growth."
The latest complaints about the health law center around the question of whether you can keep your current health plan if you like it. There actually are rules associated with the law that try to protect that right. Here's a primer on those rules.
Gas prices are down more than 7 percent from last year. Grocery costs haven't budged lately. And — just in time for Halloween — the price of candy is down 2.3 percent from last year, according to the government's consumer price index released Wednesday.
Originally published on Wed October 30, 2013 2:36 pm
The Federal Reserve's message, at least for now, is to take a wait-and-see approach to the economy before tapering off on its bond-buying program.
In a statement issued after Wednesday's meeting, the Federal Open Market Committee said that while it has seen signs of "growing underlying strength in the broader economy" it awaits "more evidence that progress can be sustained."
Originally published on Fri November 1, 2013 9:03 am
Community supported agriculture shares are moving out of the crisper and into the pantry.
That's the hope, anyway, of a growing number of farmers and small processors who are marketing local goods under the CSA model.
In traditional a CSA, a farmer sells shares of their fruit and vegetable crop ahead of the growing season to generate cash flow for the year. The farmer then provides boxes of seasonal produce on a regular basis to shareholders during the harvest.
When we delved a little deeper into the numbers, we found that while bicycle sales remained steady in a six-year period that began in 2006 (the top chart), sales of electric bikes exploded (the second chart).
You're on Amazon.com. You're buying, say, a toaster, and you're checking out the customer reviews. You assume the people writing these reviews are people like you — people who wanted a toaster, went online and bought one. As it turns out, a lot of reviews on Amazon are written by people who are nothing like you. They're written by elite reviewers who are sent free merchandise to review products. In other words, it's possible that the guy reviewing that toaster you're looking at wasn't in the market for a toaster to begin with and didn't pay a cent for it.