Originally published on Wed September 19, 2012 4:14 pm
Credit Tony Avelar / Bloomberg via Getty Images
There are so many cooking apps out there, it's easy to get lost. Good thing the iGrill has Facebook founder Mark Zuckerberg on its side.
Sales of the $80 device spiked by 400 percent after Zuckerberg updated his Facebook status on Aug. 19 with an enthusiastic thumbs up for the iGrill, a cooking thermometer that uses Bluetooth to connect to the iPhone, iPad and iPod Touch.
Anyone with a 401(k) retirement plan has been painfully aware of the gyrations in the stock market in recent years. The market has come back up lately, but the economy is still in low gear, so many analysts aren't too bullish in the short term. Also, treasuries and CDs are offering tiny returns.
So what's the average American trying to save for retirement to do? Answers are percolating at an annual economics retreat in Maine.
Every nation stockpiles vital resources — think of the U.S. Petroleum Reserve, for instance. In Canada, they have warehouses holding millions of pounds of maple syrup. And recently, one of them was the site of what may be "the sweetest heist of all time," as The Vancouver Sun reports.
U.S. student loan debt tops $1 trillion, and young people face disproportionately high unemployment. Writer Joel Kotkin points to these numbers when he claims today's millennial generation is getting the short end of the stick. Kotkin speaks with Tell Me More host Michel Martin about his Newsweek/Daily Beast article on what he calls the "screwed generation."
As a tropical storm was gathering strength last week, fears were growing that the fierce winds might knock out Gulf Coast refineries, send gasoline prices soaring and seriously damage the U.S. economy.
But when Hurricane Isaac slammed into the Gulf Coast on Tuesday, it was only a Category 1 hurricane, far weaker than Katrina, the monster storm that hit seven years ago.
Originally published on Fri August 31, 2012 10:49 am
Credit Ted S. Warren / AP
As the AP reads it, Federal Reserve Chairman Ben Bernanke stopped just short of "committing the Fed to any specific move, such as another round of bond purchases to lower long-term interest rates."
Bernanke gave a speech at the Federal Reserve Bank of Kansas City Economic Symposium in Jackson Hole, Wy. today. As with all his speeches, it was being closely watched for signs on what the Federal Reserve would do next.
And our last word in business today is Happy Birthday.
Turns out when you're a billionaire investor you can celebrate any way you want. Warren Buffett turned 82 yesterday and his wish was to give away billions, so he did, in the form of millions of dollars worth of his company stock. All told, those shares will eventually be worth about $3 billion. That gift was divided between his three children's charitable foundations.