The U.S. House of Representatives is scheduled to vote Thursday on what's known as the Ryan budget, the spending plan from Budget Committee Chairman Paul Ryan, R-Wis., that among other things changes the structure of Medicare and rewrites the tax code. Presidential candidate Mitt Romney has endorsed the plan, but some are saying his rhetoric on the campaign trail may not match up with at least one reality of the Ryan budget.
Romney said he supported the Ryan budget the day it was unveiled.
"I applaud it," he said. "It's an excellent piece of work, and very much needed."
Alburgh, Vt., is a town with unusual geography: It's on a peninsula that borders Quebec and is surrounded by Lake Champlain. Even though the town is small and isolated, its residents have always had somewhere to do their banking.
But in January, the People's United Bank branch on Main Street announced it was closing its doors. When Irene Clarke heard the news, she decided to do something about it.
I met Zenaide Muneton in the offices of the Pavillion Agency in New York, which specializes in hiring house staff for some of the richest folks in the country. Muneton says she knows how to make everything fun for kids, even homework, and that's why she is one of the better paid nannies at the agency. I asked her what that means.
Don’t let the profit margin fool you: dollar stores are one of the fastest growing niche retail markets. Just this week, the national chain Family Dollar reported much higher than predicted second quarter earnings, with a profit of more than one hundred and thirty six million dollars. I guess all those dollars add up…
But in some communities, dollar stores aren’t welcome additions. Vermont public radio reporter Steve Zind covered the recent battle over a proposed dollar store in Chester, Vermont, and joins us now to tell us about it.
On Saturday Cash Mobs will take to the streets in hundreds of cities and towns to celebrate National Cash Mob Day: an occasion for shoppers to meet at a designated time and place, then disperse with at least $20 to spend in local, independent stores. Allison Grappone is organizing Concord’s cash mob day this Saturday.
Only 7 percent of plastic waste in the United States is recycled each year, according to the Environmental Protection Agency. A startup company in Niagara Falls says it can increase that amount and reduce the country's dependence on foreign oil at the same time.
It all starts with a machine known as the Plastic-Eating Monster. Thousands of pounds of shredded milk jugs, water bottles and grocery bags tumble into a large tank, where they're melted together and vaporized. This waste comes from landfills and dumps from all over the United States.
The stock market hit some major milestones this week: The Standard & Poor's 500 index reached its highest level in more than three years, the Dow Jones industrial average settled in above 13,000 — up about 24 percent since early October — and the Nasdaq rose to its highest level in 11 years. Still, the Federal Reserve has been warning not to get too excited about where the economy is headed next.
David Kotok, chairman and chief investment officer at Cumberland Advisors, says there are a bunch of reason for stocks to be rising.
Detroit automakers are creating thousands of new jobs amid a sales boom. And as they expand, their suppliers are racing to keep up, adding tens of thousands of new jobs.
At Bridgewater Interiors in Warren, Mich., for example, the pace is intense. Hundreds of union employees scurry to fill a growing list of orders. The factory floor is packed with stacks of foam cushions, seat covers and headrests.
Economists say many industries are looking up this year. But perhaps none has a better outlook than the energy sector.
New drilling technologies and rising fuel prices have generated a boom in drilling — and lots of high-paying jobs for people with the skills to work in the oil patch. On some college campuses, companies are so eager to find petroleum engineers that they are offering jobs to students even before they have graduated.