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U.S. Payroll Tax Cut Extension

Boehner Agrees to Payroll Tax Cut Extension Deal, But Will House GOP OK It?

House Speaker John Boehner, R-Ohio, signaled that if the payroll tax reduction extension deal is not approved by the House via unanimous consent on Friday, he'll call the House back into session for a vote next week. Odds are, given the tax cut's popularity, the House GOP will approve it Friday, but as Yogi Berra famously said, It ain't over til it's over.

Lawmakers Strike Payroll Tax Deal

John Boehner
House of Representatives Speaker John Boehner on Thursday caved in to a growing chorus of criticism from both within and outside his Republican party and agreed to a short-term deal to extend a payroll tax cut for 160 million Americans.
Construction workers continue work on a new subdivision of homes in San Marcos, California

10 Trends in U.S. Housing in 2011 and What to Look for in 2012

As the end of 2011 approaches, the housing market is another year removed from the subprime mortgage meltdown. But the legacy of the crash remains, as homeowners, lenders, regulators and brokers alike continue to deal with falling home prices, a glut of unprocessed foreclosures and an uncertain economy.
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Oil

U.S. - A Paradigm Shift Away from Energy Independence

A paradigm shift regarding U.S. energy policy on oil has to occur. No, it won’t occur given the current make-up of the U.S. Congress, but eventually, for energy independence reasons, a paradigm shift is mandatory.
Livery Cab Deal is Done

Cuomo Signs Livery Cab Bill

Done deal. Both Governor Andrew Cuomo and Mayer Michael Bloomberg have signed a controversial bill that will allow livery cabs to pick up passengers off the street throughout the five boroughs. Bloomberg alluded to the coming deal in a press conference on Wednesday where he celebrated the 50 millionth tourists to visit New York City.
Trader works on the main trading floor of the New York Stock Exchange

Wall Street Rises After Jobless, Sentiment Data

Stocks edged higher on Thursday, putting the benchmark S&P 500 index on track for its third straight advance after data pointed to ongoing labor market improvement, albeit at a slow pace.
Occupy Wall Street

2011 In Review: Occupy Wall Street Timeline

Occupy Wall Street registers as one of the biggest surprises of 2011. Despite constant criticisms that it lacked a concrete set of goals or demands, Occupy Wall Street's broad critique of economic injustice resonated with a country still grappling with the fallout from the financial crisis. A timeline of the movement.
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Michael Douglas' son handed more prison time

The son of Oscar-winning actor Michael Douglas was sentenced on Wednesday to an additional 4 and a half years in prison for taking drugs while jailed on separate offenses of possessing and dealing narcotics.
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Judge tosses lawsuit over Jimmy Kimmel sketch

A New York court has dismissed a lawsuit by a man dubbed the Flying Rabbi against TV network ABC and late-night talk show Jimmy Kimmel Live over its use of the man's image in a parody involving basketball star LeBron James.
U.S. actor Rooney Mara poses at the world premiere of "The Girl with the Dragon Tattoo" at the Odeon in London

Rooney Mara preps for stardom with Dragon Tattoo

When director David Fincher decided to make a film of The Girl With the Dragon Tattoo, Hollywood was abuzz with who might play the starring role of abused, vengeance-seeking computer hacker Lisbeth Salander.
Yellow Cab Hits Three Pedestrians Near Park Ave. and 31st St.

Yellow Cab Hits Three Pedestrians Near Park Ave.

Three pedestrians were hit by an out-of-control yellow cab that drove over the curb on Park Avenue new East 31st Street. The cab finally came to a complete stop after slamming into the wall of a building.

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