The Fed’s low-interest-rate policies have stabilized the economy and turbocharged the stock market but those policies have accelerated the decades-long increase in economic inequality by helping increase the wealth of people at the top far more than it has increased the wealth of working-class Americans. Read more»
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With Arizona schools closed indefinitely, children have plenty of time on their hands – and parents are looking for teachable moments. One subject that’s not taught in most schools is money and how to earn it, spend it, share it and save it. Read more»
Markets reacted negatively to the Fed slashing rates Monday, as U.S. health officials further restricted social gatherings to combat coronavirus.
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Phoenix faces a bigger financial threat from a market crash than it does from drought, terrorism or any of a number of other manmade and natural disasters, according to a new “risk index” of cities around the globe. Read more»
It’s a great time to be a hazmat suit maker. The stock price of Lakeland Industries has soared more than 170 percent this month on growing fears the deadly Ebola virus could spread overseas. Read more»
America is still gaining jobs under President Obama, but millions more live in poverty, typical household incomes have not kept pace with inflation, and the federal debt is up nearly 90 percent and on pace to double before he leaves office. Stockholders, meanwhile, are far wealthier than they were the day he was sworn in. Read more»
There are insights that emerge from the first in a series of regular quarterly updates of key statistical indicators of the Obama presidency. Read more»
Sam Fox of Fox Restaurant Concepts; state Rep. Steve Farley, the Democratic candidate for state Senate in LD9, plus financial advisor Shelly Fishman, and Santa Cruz County Sheriff Tony Estrada on the death of Cochise County Sheriff Larry Dever. Read more»
Ted Downing on proposed changes to Arizona election laws, Democratic LD 11 state Senate candidate Jo Holt on her campaign, and financial expert Shelly Fishman reports back from Russia. Read more»
The Monday Political Face-Off focused on the world-wide financial meltdown with commentators Bruce Ash and Paul Eckerstrom. Read more»
U.S. billionaire Warren Buffett not only thinks that Standard & Poor's shouldn't have downgraded the country's credit rating from AAA to AA+ — he thinks it should have been raised to "quadruple A." Read more» 1
A day after the worst sell-off of U.S. stocks since early 2009, the U.S. Labor Department released a better-than-expected report on job growth. (with video) Read more»