Your Money

In Kansas, A 'Glide Path' To No Income Taxes. Will It Work?

9:47am February 15, 2013

by Frank Morris

Gov. Sam Brownback plans to get rid of Kansas' income tax and cut the size of state government. Some lawmakers say it's a great experiment that will show that lower tax rates and streamlined bureaucracy can stimulate growth; others are concerned about overreaching.

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Nearly 44 percent of Americans don't have enough savings or other liquid assets to stay out of poverty for more than three months if they lose their income, according to the Corporation for Enterprise Development.

Study: Nearly Half In U.S. Lack Financial Safety Net

11:03am January 30, 2013

by Pam Fessler

In his inaugural address, President Obama envisioned a nation where even "the poorest child knows she has the same chance to succeed as anyone else." But a new report finds that 44 percent of Americans do not have the savings to cover basic expenses for three months if they lose their income.

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John Mackey is co-CEO and co-founder of Whole Foods Market and co-founder of the nonprofit Conscious Capitalism, Inc.

Whole Foods Founder John Mackey On Fascism And 'Conscious Capitalism'

3:51pm January 17, 2013

by April Fulton

The outspoken Whole Foods founder tells us why he hates "Obamacare" and why we have trouble cutting the sugar, fat and salt out of our diets. But now he's told CBS he used a poor choice of words when referring to the health law as fascism.

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Economy

'Cliff' Deal Would End Payroll Tax Holiday

2:19pm January 08, 2013

As part of the "fiscal cliff" deal moving through Congress, a two-year-old payroll tax holiday comes to an end. Under the tax holiday, the 6.2 percent payroll tax was cut to 4.2 percent for all American workers. NPR's John Ydstie talks about what the change will mean for employees and the economy.

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Economy

Settlements Underscore Damage Done In Housing Crash

6:06am January 08, 2013

by Jim Zarroli

Some of the biggest banks in the country have agreed to pay more than $18 billion to settle allegations of wrongdoing in their mortgage lending. And in a separate settlement, 10 banks agreed to pay more than $8 billion to settle claims they made errors in foreclosing on people's homes.

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High school student Jon Ledbetter designs his own "NikeiD" sneakers. Ledbetter can post his designs on Nike's website, where other shoppers can also order them.

Economy

From Shoes To M&M's, Custom-Made Products Take Off Online

1:53pm December 20, 2012

by Kathy Lohr

The ability to customize products began with computers more than a decade ago. Now, you can create your own T-shirts, jeans, custom-blend cosmetics and candy. Even luxury brands like Burberry, Prada and Louis Vuitton now let customers design their own looks.

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Democrats Dig In Their Heels On Entitlement Cuts

1:43pm December 16, 2012

by David Welna

Republicans are insisting on more austere entitlement programs as leaders negotiate a deal to keep the nation from going over the "fiscal cliff" in the new year. But many Democrats are wary of including any far-reaching and long-lasting entitlement reforms in a hastily thrown-together deal.

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'Paris Hilton Tax' Vs. 'Death Tax': A Lesser-Known Fiscal Debate

9:34pm December 11, 2012

by Scott Horsley

The estate tax is yet another piece of the fiscal cliff that needs to be worked out. Those who want to the raise what they call the "Paris Hilton tax" say it applies only to the very rich, who can afford to pay. Opponents of the increase, however, brand it the "death tax" and say it hurts farmers and small-business owners.

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Jenny Adams in the Wayland Bar in Alphabet City, where she stored piles of relief supplies to distribute. Adams raised $10,000 through a crowdfunding website to help her neighbors affected by Hurricane Sandy.

Everyone Chip In, Please: Crowdfunding Sandy

7:40pm December 10, 2012

by Alex Goldmark

Crowdfunding is a simple way for anyone to ask for money online from friends, family and even strangers. One woman raised $10,000 to help her neighbors affected by Hurricane Sandy. She's been hand-delivering checks to owners of damaged businesses and people who just need the extra lift.

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Why It's Easier To Scam The Elderly

4:23pm December 06, 2012

by Patti Neighmond

New research suggests older adults may have less activity in the area of the brain that processes risk and subtle danger. Another possible reason older adults don't pick up on warning signs is an increasing bias against negativity.

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