Stephanie Foy

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12 things everyone should know before investing

Contrary to popular belief, you don't have to be an expert to start investing.<p>You don't even need to be rich to invest, yet so many of us fail to get started managing our money because we're intimidated or don't know where to start.<p>But investing is crucial. Inflation lops an average 3.87% off your …

Investing

The Federal Reserve is about to make a terrible mistake

<b>(AP/Manuel Balce Ceneta/Andrew Harnik/Photo montage by Salon)</b><p>“Serious” policy makers are insisting that interest rates need to be raised—leaving millions behind in the process<p>David Dayen<p>September 1, 2015 9:58am (UTC)<p>As September begins, the Federal Reserve has a decision to make. The federal funds …

Economics

A startup that wants to make it easier to tweak our genes just got $120 million from investors including Bill Gates

Editas Medicine, a company aimed at providing technologies that enable scientists to tweak our genes, just raised $120 million to continue studying a novel new technology that could make this far easier.<p>The tool is known as CRISPR-Cas9, and it could eventually allow scientists to home in on a …

Bill Gates

Your salary shouldn’t be your only source of income

Millions of words are written everyday about personal finance. Most of these are sensible, but lack the psychological and behavioral aspects that help people break bad financial habits. In the meantime, the advertising world bombards you with great ways to separate you from your money, by blurring …

Investing

9 free things rich people do that make them more successful

Sure you have.<p>A great idea, motivation, persistence, and a little luck helps, but most successful people share certain habits.<p>Here are nine habits that have helped place them on the top:<p>Ray Dalio, the founder of Bridgewater Associates, told The Huffington Post in 2013 that "Meditation, more than …

Success

What higher US interest rates will mean for Brazil

There's been a lot of chatter about how an increase in U.S. interest rates will affect the U.S. economy, but there's been less talk about what it …

As The Fed Prepares To Tighten, Which States Have Already Reached Full Employment?

As the Federal Reserve begins to consider raising interest rates, potentially sometime later this year, one critical question is how close the U.S. economy, with a 5.5% unemployment rate as of March, is to reaching full employment (NAIRU), the natural long-run rate of unemployment given constant …

The World Is Bigger than You Think

Resources are an economic, not physical, phenomenon<p>The world is bigger than you think. That’s the strange conclusion that follows from some basic …

Why America’s obsession with STEM education is dangerous

By Fareed Zakaria<p>, Columnist<p><i>Fareed Zakaria, a columnist for The Washington Post, is the host of “Fareed Zakaria GPS” on CNN and the author of “In Defense of a Liberal Education.”</i><p>If Americans are united in any conviction these days, it is that we urgently need to shift the country’s education toward …

Education

The Most Detailed Map Of The World’s Cropland Shows Where There’s Room To Feed Everyone

To start to tackle this, experts know we need to reduce food waste, develop new technology, like seeds that are more drought-resistant, and raise …

What If the Economy Were Awesome, Always and Forever?

Since the 2007-08 financial crisis, income inequality has widened, labor-force participation has fallen and productivity growth has been abysmal.<p>In its Economic Report of the President, the White House Council of Economic Advisers conducts a little thought experiment to show what might have …

China is marching into uncharted territory and that should scare you

China's inflation figures just hit a five-year low. Price growth is falling for consumers, and companies producing goods are already recording sharp deflation.<p>Why does it matter? One simple reason: debt.<p>China's debts as a proportion of GDP climbed to <b>245%</b> in 2014 from <b>144%</b> in 2007. That debt is worth …

Economics

​New GDP calculation puts India growing faster than China

Twelve days ago, the Indian government revised its method of measuring GDP, replacing factor costs with internationally recognized market prices. On …

Nobody Understands Debt -- Including Paul Krugman

Paul Krugman has published a trio of blog posts on the issue of debt in the last week: “Debt Is Money We Owe To Ourselves” (February 6th at 7.30am), “Debt: A Thought Experiment” (same day at 5.30pm), and finally “Nobody Understands Debt” (February 9th in an Op Ed).<p>There is one truly remarkable …

Opinion: Is an accidental currency war breaking out?

LAGUNA BEACH, Calif. (Project Syndicate) — Six and a half years after the global financial crisis, central banks in emerging and developed economies …

Central Banks

China seen easing monetary policy to avoid deflationary cliff

China faces a monetary policy “wall of worry” as its economy slips towards a deflationary spiral driven by structural forces that are simultaneously …

Swiss franc turmoil leaves exporters on the downhill slope

Switzerland's skiing industry is among the casualties of the Swiss National Bank's shock currency move<p>Ed Eger sleeps with his phone on. When you’re in the foreign exchange business, events around the globe can require a fast response.<p>At 4.40am Eger was jolted out of bed in Canada by a call from a …

Economics

What Is the Middle Class, Anyway? A Look at Obama’s Focus on ‘Middle-Class Economics’

In major campaign speeches and addresses — like the State of the Union address — politicians love to talk about the “middle class.”<p>Just who is in the middle class?

Middle-class

The Gold/Oil Ratio Shows A Crisis Is Inevitable

Market developments over the past six months have created an environment where a “crisis” seems all but inevitable. The world’s reserve currency, USD, is now 17% stronger than it was in June on a trade-weighted basis. Europe and Japan, the world’s largest and fourth largest economies, are in …

An Economist Explains In Simple Terms Why Deflation Is Dangerous

So what's the big issue? If rising prices (inflation) are generally considered a bad thing, then shouldn't falling prices (deflation) be a good thing?<p>Well, yes and no.<p>Economics professor Ed Dolan is on hand with an easy-to-understand presentation (no economics degree needed), showing the …

A Startup That Will Come Over And Blow Dry Your Hair Just Raised $7 Million

The New York City-based startup can be ordered on demand to come to your home, office, or wherever else is convenient, and either blow dry your hair for $50 or do your makeup for $75. GLAMSQUAD recently hired Gilt Groupe co-founder Alexandra Wilkis Wilson to be its CEO.<p>The startup is capitalizing …