The United States got tarred with a “negative” outlook on its credit rating by Standard & Poor’s last month, but there are plenty of other countries in the same boat. Here’s a look at where they stand, the good, the bad and ugly.
What’s healthier than ice cream but just as delicious? Frozen yogurt was hardly a part of our dictionary several decades ago, but these days the sweet-and-tart iced treat is quite popular with the health-conscious crowd. Even though frozen yogurt sales...
Americans eat an impressive 100 acres of pizza each day: roughly the size of 90 football fields (measured without the end zones). Almost everyone in America, in fact, eats pizza at least once a month. Given our nation’s infatuation with pizza, we decided to take a more in-depth look at the numbers behind its ingredients and industry. More details in our interactive infographic.
Halloween is one of America’s biggest revenue-generating holidays. And get this: the tradition thrived even during the spooky economy of the past couple of years. Costume sales jumped 5.1% in 2008 and another 2.4% in 2009, according to industry research comapny IBISWorld. In all, the horror business is… well, horrifying big.
Earlier this week, Mint.com analyzed the basics of Europe’s sovereign debt crisis. The growing concern about Europe’s financial stability stems from the overindulgent borrowing of a handful of eurozone nations. Greece, Portugal, Spain and Ireland are among the main offenders....
As Euro-zone finance ministers finalized the details on the 440 billion Euro ($527 billion ) bailout package for troubled EU economies on June 8, financial markets in the US faltered. Stocks fell to their lowest level in seven months as fears persisted that Europe’s sovereign debt crisis will thwart the global recovery.
Regardless of one’s opinion on Ben Bernanke, there is no denying the extraordinary impact he has had on the Federal Reserve since taking over as Chairman in 2006. A case can be made that the very nature and scope of the Fed has changed under Bernanke’s stewardship. Originally envisioned as a politically neutral institution meant to contain systemic risks and head off banking panics, the Federal Reserve has taken a considerably more “hands-on” role in the economy of late.
For many Valentine’s Day is something of a Hallmark Holiday but whether you take it seriously or not, one thing’s for certain. The money earned from all those flower, perfume, and candy sales can have powerful repercussions for the economy. Cupid will be busy this year. The ubiquitous, pudgy winged icon is expected to elicit over $14 billion in much-needed consumer spending this Valentine’s Day according to the 2010 Valentine’s Day Consumer Intentions and Actions Survey.
Housing sales have been on the rise thus far in 2009 as confidence in the real estate market rebounds. Though September saw a decline in the median sales price to $174,900 for a single family home, the number of homes...
If there’s one good thing that can come out of a recession it’s that most things become more affordable. During the course correction, there are definitely some bargains to be had and sometimes increasing your bottom line can be as simple as changing your zip code. We’ve used the most recent data from the Bureau of Labor Statistics, from June 2008-June 2009 to create this map, which shows how US cities have been affected by the economic downturn. In all but one of the cities included, the cost of living is down, sometimes significantly so.