Media

Judging by press reporting, the bogus tweet from the Associated Press Twitter account of White House bombs was primarily about the hacking of the news agency. Who did it, when was it Tweeted and retracted, where are the perpetrators from and how the hell did a major news organization fall for what looks like a pretty basic phishing scam.

As we struggle to fully recover from the Great Recession, it has become increasingly clear that the wealthy not only recovered much more quickly than the rest of the country, they managed to increase their wealth even though most households saw a net loss. A new Pew report finds that during the first two years of the economic recovery, the mean net worth of households in the top 7 percent of wealth distribution rose by an estimated 28 percent, as shown in the graph below.

“I make $1,000 for the store in 30 minutes. But I don’t make $1,000 in a month working there.”

The quote is a paraphrase of a Victoria’s Secret worker. She, like 500 other retail and fast food employees in and around the Chicago Loop, isn’t at work today. They’re all on strike. (Follow #strikefor15 for the latest and photos)

More than 77 percent of successful candidates in 2012 and all current statewide office holders were publicly financed, a report released Monday found.

Wall Street has made it far more likely that you will spend at least some of your golden years eating Fancy Feast.

NerdWallet underlies its findings with a report by public policy organization Demos from last summer, which added the further frightening fact that among folks investing in 401(k) plans, a full two-thirds had no idea they were payinganything at all for their 401(k) (which actually makes all of the folks who guessed wrong in NerdWallet's poll look pretty smart by comparison).

FREDERICKSBURG, Va. -- There's nothing Deidre Duffy would rather do than host a backyard barbecue for a few friends.

"I don't want anything fancy," Duffy, 53, said in an interview next to her black Weber grill. "Give me some charcoal and I'm going to shoot those flames about six feet high, and when they come down -- it's my favorite thing."

A longstanding gripe of conservatives is that big government has muscled aside civil society, taking on jobs -- like providing a safety net -- that are better left to charity. 

In the better-late-than-never category, there's now a more subtle debate among economists about whether it's debt that tamps down economic growth or whether it's the slow growth that pushes up the debt. That's an important question, but it actually hides what may be an even more crucial one. Is growth in GDP really the best way to judge how the economy is doing? What does GDP actually tell us, and what does it leave out?