President Obama will propose a budget on Monday that forecasts a $901 billion deficit in 2013, and includes plans make targeted investments in areas like infrastructure while hiking taxes on the rich.
Clint Eastwood is better known for playing '"Dirty Harry" and other hyper-masculine tough guy characters than holding nuanced public policy positions. But the actor is now throwing his weight behind a plan to reduce the country's massive deficits.
In an effort to cut their losses, banks are paying some struggling homeowners as much as $35,000 to sell their homes before they end up in foreclosure.
The Greek government faces a crucial test this weekend as the nation's parliament is set to vote Sunday on austerity reforms needed to qualify for a second bailout.
Lingering problems in the housing market continue to restrain America's economic recovery and limit the effectiveness of Federal Reserve policies, Ben Bernanke said Friday.
FORTUNE -- Last proxy season, HP achieved the dubious distinction of receiving a majority no vote from its shareholders on its executive compensation programs. According to a Council of Institutional Investors study, investors bestowed that distinction on less than 1.6% of companies, those deemed to be the worst pay offenders. Last year, too, HP's (HPQ) board nominations process (which removed four board members and added five more) came under fire because the process did not conform to stated board policy guidelines. In the run up to the proxy filing, HP provided varying explanations about the process, which had been headed by chair Ray Lane. As a result, proxy advisory firm Institutional Shareholder Services (ISS) recommended against the election of some HP board members. It is a new year and HP issued its new proxy last week. But the more things seem to change at the tech giant, the more they stay the same. HP sports a different CEO this year for the third year running (Meg Whitman replaced Leo Apotheker who replaced Mark Hurd who left in August 2010). HP, yet again, is proposing a new board slate to shareholders (with two new board members and four, including the former CEO, having exited). And the proxy this year reveals the same shortcomings as it did last year: misguided compensation and board nominations.
Shares in First Solar fell nearly 9% Friday after the solar panel maker and project developer reported a delay in funding for a massive solar farm the company is building near Los Angeles.
Economists are now expected to disclose their financial ties and other conflicts of interest in published papers, but don't expect the science of economics to become more exact.
