Why Poor Families Pay More For Everyday Items

In a recent study from the University of Michigan’s Ross School of Business it seems that those that are at the poverty level are paying more for everyday items we all need. The study, which analyzed toilet paper purchases among 100,000 U.S. households over the course of seven years is…

Will the largest U.S. Coal Company Go Out of Business?

Peabody Energy is the world’s largest private-sector coal producer. They warned Wednesday that they may go out of business- the latest sign of the brutal conditions in the battered industry. In a regulatory filing the company said that ongoing losses and its decision to miss certain interest payments means it may…

Signs a recession could be coming

Stocks have gotten a slight lift lately in part from the many hopes that fears over a recession are overdone. That optimism could be a little premature. However, two key indicators are flashing warning signs: income tax withholdings and corporate profits. The withholdings data show taxes taken out of worker paychecks…