Category: Money Troubles

Facing Losses, Condé Nast Plans to Put 3 Magazines Up for Sale

Condé Nast, the company behind Vogue, Vanity Fair and The New Yorker, became one of the most successful magazine publishers by charming readers and advertisers alike with a formula built on old-world glamour and all-American pizazz. But now, even after having taken measures to cut spending and make itself more digitally savvy, the company is

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The Trump Administration to Restaurants: Take the Tips!

Most Americans assume that when they leave a tip for waiters and bartenders, those workers pocket the money. That could become wishful thinking under a Trump administration proposal that would give restaurants and other businesses complete control over the tips earned by their employees. The Department of Labor recently proposed allowing employers to pool tips

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Hitting the debt limit: What bills would be paid?

WASHINGTON — In the summer of 2011, when a debt crisis like the current one loomed, President Barack Obama warned Republicans that older Americans might not get their Social Security checks unless there was a deal to raise the nation’s borrowing limit. After weeks of brinkmanship, Republicans consented and Obama agreed to a deficit-reduction plan

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Fiscal Cliff: Ugh, Recession is Now More Likely

Here is a simple way to think about the political calculus of Washington’s latest twists and turns. And — unfortunately — it suggests that economic and market dislocations may be needed to get our politicians to cooperate and govern properly. A major issue from day one was the extent to which the lack of trust

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Kill the 401(k)?

As America hurtles toward the fiscal cliff, there’s an increasingly frantic search for ways to shore up the country’s deteriorating balance sheet. Republicans want to cut spending; Democrats would prefer to raise taxes on the wealthy. But a paper released today by Harvard and Danish researchers highlights just how much room there could be to generate more government revenue without sacrificing economic efficiency—in other words, the type

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Today’s Headlines 10.24.12

NATION Firm didn’t verify steroid was sterile Massachusetts officials track shipments of prescription drug linked to deadly meningitis outbreak. ( by Sharon Begley , Reuters) U.S. developing new blueprint for hunting terrorists THE PERMANENT WAR | Over past two years, Obama administration has been secretly developing a new blueprint for pursuing terrorists, a next-generation targeting list

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Sunday News Headlines 10.21.12

NATION Rapid expansion of U.S.-trained Afghan security force comes at a cost Soldiers, policemen far from ready to take over country, casting doubt on Pentagon’s focus on numbers. ( by Rajiv Chandrasekaran , The Washington Post) Meningitis outbreak puts researchers in unexplored territory New form of the disease is without precedent. ( by David Brown , The

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Student Loan Debt Up Again Among New College Grads CLASS OF 2011 GRADUATES INTO SLOW MARKET WITH INCREASED AVERAGE DEBT

Two-thirds of the national college class of 2011 finished school with loan debt averaging $26,600, up about 5 percent from the class before it, according to the latest figures calculated by the Institute for College Access and Success. The report does not include the debt of for-profit college graduates, who typically borrow more than their public university counterparts. But there’s a bright

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