Business

11:53am

Fri February 3, 2012
Economy

Have Economists Got It Wrong About The U.S.?

Originally published on Fri June 22, 2012 9:23 am

Federal Reserve Chairman Ben Bernanke pauses during a hearing before the House Budget Committee on Feb. 28, 2007.
Alex Wong Getty Images

Five years ago, a subprime mortgage firestorm was melting down the U.S. economy, but most analysts didn't see it happening.

Federal Reserve Chairman Ben Bernanke, testifying before Congress in February 2007, said the housing sector "is a concern, but at this point we don't see it as being a broad financial concern or a major factor in assessing the course of the economy."

If he and the vast majority of economists were blind to the economic and financial calamity taking shape then, could they also be missing the start of a huge economic boom now?

A boom? Really?

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10:01pm

Thu February 2, 2012
Your Money

Cheap Chic: Couture Comes To Discount Retailers

A design by Jason Wu, who will launch a limited-edition line for Target on Feb. 5. Wu is among the latest high-end designers to work with a discount retailer.
Target

On Feb. 5, fashion designer Jason Wu is launching a limited-edition line for Target. Wu became famous for designing Michelle Obama's inaugural gown. He's the latest high-end designer to partner with a mainstream retailer and offer his chic couture at cheap prices for the masses.

On a bitterly cold morning in Washington, D.C., last November, hundreds of fashionistas flooded the street in front of the low-priced fashion chain H&M. Italian luxury label Versace was launching a collection there, and customers were waiting for the doors to open.

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9:17am

Thu February 2, 2012
Business

Trader Joe’s Could Impact Already Crowded Organic Market in Boulder

The possible entrance of Trader Joe’s into Colorado’s grocery market has excited many fans of the natural-goods retailer.

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4:16pm

Wed February 1, 2012

11:45am

Wed February 1, 2012
The Two-Way

Freddie Mac's Conflict Is 'Unsavory,' 'Shocking,' 'Stunning,' Key Senators Say

Two senators who have taken the lead on legislation aimed to help homeowners refinance at historically low interest rates were blunt this morning about how concerned they are by the news NPR reported earlier this week that Freddie Mac "has placed multibillion-dollar bets against American homeowners being able to refinance to cheaper mortgages."

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