Latest Stories

Latest Stories

What it was like working as a 411 operator before the internet

Jul 30, 2024
Lilith from Ventura, California, recalls what it was like working as an information operator in a time before the internet.
Lilith said she remembers sitting in a cubicle with headphones on and phone books in front of her as she waited for the calls to roll in.
Joe Raedle/Getty Images

Gold rush mines are a 21st century safety hazard. It may take Colorado decades to close them all. 

Jul 30, 2024
The American heyday of gold mining may be in the past, but thousands of abandoned mines remain a problem for governments to clean up.
Inside the Chicago Carr Mine in Colorado.
Courtesy Gilpin Historical Society

What does a normalizing job market look like?

Jul 30, 2024
Economists say the supply of jobs and workers is coming into better balance than during the labor shortages of the pandemic.
From May to June, little changed in terms of job openings, layoffs and quits. Take a birds-eye view though, and the labor market has slowed in the last year.
Michael M. Santiago/Getty Images

In a tight housing market, Texas is seeing some relief for buyers

Jul 30, 2024
"I have not seen us write more than two offers before getting an acceptance, whereas before it was writing offer after offer after offer," said Houston real estate broker LaTisha Grant.
House prices are continuing to rise nationally, but Texas is an exception.
Frederic J. Brown/AFP via Getty Images

Wall Street's question for Big Tech: When will all that money you're spending on AI finally pay off?

Jul 30, 2024
For now, it's boosting other parts of the economy — chipmakers and contractors that build data centers, for example.
Investors want to see AI spending start to pay off, but building AI-supportive infrastructure takes time.
Michael M. Santiago/Getty Images

Supplying the astronauts on the ISS isn't cheap. Here's a glimpse at what it involves.

Jul 30, 2024
Consumers complain that grocery shopping on Earth is expensive, but at least it doesn't require a spaceflight.
NASA spends $3.1 billion on the International Space Station every year.
NASA via Getty Images

A new Trump Media deal could put cold, hard cash in former president's hands

A “standby equity purchase agreement” may produce a windfall for the 2024 candidate. ProPublica's Justin Elliott explains.
Donald Trump owns about 60% of Trump Media, "and his stake at current market prices is worth roughly $4 billion," said Justin Elliott of ProPublica.
Stefani Reynolds/AFP via getty Images

For public good, not for profit.

What is "maximum employment"?

Jul 29, 2024
And why is there no target number to measure it, as there is with inflation —the Federal Reserve's other mandate?
The Federal Reserve is thought to believe that 4% unemployment equates to its goal of maximum employment. But could the jobless rate go even lower without kicking up inflation? Above, Fed Chair Jerome Powell.
Nathan Howard/Getty Images

McDonald's sales slipped. That may mean lower-income consumers feel pinched.

Jul 29, 2024
Reporting quarterly results, the fast-food company said customers "continue to be more intentional with the dollars they spend."
McDonald's weak results are prompting varied interpretations. Maybe consumers are tightening their budgets, or maybe they're moving higher up the food chain.
Mario Tama/Getty Images

Sanctions are a flawed foreign policy tool. Is there one that's not?

Jul 29, 2024
The U.S. increasingly uses economic curbs against bad actors, reports The Washington Post's Jeff Stein. But some consequences are unintended.
President Biden met with leaders of industrialized economies at the G7 Summit in June. Among the topics was responding to Russia's assault on Ukraine.
Antonio Masiello/Getty Images