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Updated: 9 min 37 sec ago

How Scarcity Trap Affects Our Thinking, Behavior

Thu, 01/02/2014 - 4:18am

A Harvard economist finds there are psychological connections between the bad financial planning of many poor people and the poor time management of busy professionals. In both cases, he finds the experience of scarcity causes biases in the mind that exacerbate problems.

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Fielder Offers Absurd Marketing Advice On Comedy Central

Thu, 01/02/2014 - 4:17am

On Comedy Central, the reality show Nathan for You features a mild-mannered Canadian giving small-business owners outrageous marketing advice. In one episode, Nathan Fielder tries to get 40 maids to clean one house in six minutes.

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Colorado Begins Sales Of Recreational Marijuana Sales

Thu, 01/02/2014 - 4:17am

The taxes on recreational marijuana sales is 25 percent. Some estimate that tax will generate more than $60 million for the state annually.

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Fiat Pays $4.3 Billion To Get Complete Control Of Chrysler

Thu, 01/02/2014 - 4:17am

The Italian automaker already held a majority share of the Detroit automaker that produces Chrysler, Jeep and Dodge vehicles.

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Given A Second Chance, Convicted Currency Trader Helps Others

Thu, 01/02/2014 - 4:17am

Former currency trader John Rusnack committed one of the largest bank frauds in history. He racked up nine figure losses at Baltimore's Allfirst Bank before he got caught and was sent to prison. Five years later, Rusnack was back on the outside franchising a chain of dry cleaners and hiring people who'd also made big mistakes.

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Fielding Offers Absurd Marketing Advice On Comedy Central

Thu, 01/02/2014 - 4:17am

On Comedy Central, the reality show Nathan for You features a mild-mannered Canadian giving small business owners outrageous marketing advice. In one episode, Nathan Fielding tries to get 40 maids to clean one house in six minutes.

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Why The Cod On Cape Cod Now Comes From Iceland

Thu, 01/02/2014 - 2:56am

Order cod fish in a restaurant on Cape Cod, and you might assume you were buying local. But the fish that gave the Cape its name are now so depleted that restaurants are serving cod imported from Iceland. Some activists think it's time America developed a taste for the less popular fish still present in the waters off the Cape.

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Colorado's Turning Over A New Leaf: Recreational Pot

Wed, 01/01/2014 - 10:41am

As of Wednesday, licensed stores in Colorado can sell recreational marijuana, making it the first state to control and regulate a legal recreational marijuana industry.

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Most Economists Say Happy New Year — Really

Wed, 01/01/2014 - 8:01am

Annual forecasts are brimming with good cheer for 2014: Jobs will come back, stock prices will keep heading higher, and consumer spending will continue to improve, economists predict.

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Las Vegas Company Offers Fix To Hangover

Wed, 01/01/2014 - 3:38am

Hangover Heaven is offering much needed relief to midnight revelers in Las Vegas with house calls and a walk-in clinic. The package called Redemption will cost $99.

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Hewlett-Packard To Cut More Jobs

Wed, 01/01/2014 - 3:38am

In a securities filing, the maker of computers and printers confirmed that it will cut 5,000 more jobs this year than it originally estimated. That would bring to 34,000 the number of jobs the company is planning to cut worldwide by October.

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Derailing Revives Calls To Change How Trains Haul Crude Oil

Wed, 01/01/2014 - 3:38am

A fiery oil train crash in North Dakota is once again raising questions about the safety of transporting oil by rail. With an oil drilling boom underway, companies are using rail cars to transport a lot more crude out of North Dakota. Regulators are considering new requirements to make sure tanker cars and the rails they travel on are safe.

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Home Prices Mark Biggest Gains Since 2006

Wed, 01/01/2014 - 3:38am

The latest numbers on home prices show strong gains across the country. The housing market recovery kicked into high gear during the first half of 2013 due in part to interest rates that were at a record low.

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Banks Try To Save Big With 'ATMs Of The Future'

Wed, 01/01/2014 - 1:58am

An ATM that lets you video chat with a teller hundreds of miles away? It's part of an effort by the banking industry to cut costs: The more ATMs can do, the less banks have to spend on tellers and real estate. But in-person branches still remain the best way for banks to get new business.

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