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finance

What's the misery index?

 What's the misery index?

Economists love their data because somewhere in the numbers lies the answer to the ills of the country. They also love to frame data in a way people can relate to. Such is the case with the famous "misery index." See more »

 Name Your Price Restaurant Rakes in the Dough

I came an interesting little tidbit yesterday on CNN.com. A cafe owner in Kettering, Ohio has a new pricing policy -- pay what you feel like the meal is worth. It sounds crazy, but his business is actually thriving with the new policy and he's in a position where he may even have to hire more employees to help meet demand. His Bulgarian wife gave him the idea based on similar practices in some European cafes. If you think that folks might take advantage and pay a penny for a $10 meal, you'll be pleased to learn that it's not going down that way. Turns out customers have a hard time looking the owner in the eye and telling him his food isn't worth much. So far he figured he's breaking even with some people paying a little more and some a little less than he'd normally charge. See more »

 Recession to end in 2009?

Yesterday on "60 Minutes" Federal Reserve Chairman Ben Bernanke went out on a limb and predicted that the economy here in America will edge out of the current recession by the end of 2009 and begin to rebuild itself over the course of 2010. This was a pretty monumental statement because reserve chairmen rarely give interviews at all. So much rides on every word they say, it's usually not a good idea to have a back-and-forth with a savvy interviewer. Bernanke was wisely measured in his words and didn't make any guarantees, but feels the plan is in place to right the ship and with the support of lawmakers and the American people, things will begin to shift toward a more "normal" state by the end of '09. He also offered a rare peak inside the headquarters of the Federal Reserve, an institution that's still largely a mystery to most people. See more »

 New Penny for Your Thoughts? How About $0.017?

The new pennies in circulation got us thinking -- how much does it cost to make a penny and is it worth it? The debate has been around for a while now and we want to know if you like your pennies or not. See more »

Is a free market "free" if it's regulated?

 Is a free market "free" if it's regulated?

Prices in a free market are determined by the law of supply and demand, yet the US government has recently given billions of dollars to rescue large corporations. Check out this HowStuffWorks podcast to learn whether or not the US is still a free market. See more »

How the Bailout Works

 How the Bailout Works

The economy imploded as US banks reaped the consequences of subprime mortgage trades. Controversially, Congress has provided emergency funding for the banks. Learn more about the agreement between Washington and Wall Street in this HowStuffWorks podcast. See more »