Marilyn Geewax http://kgou.org en To Fight Inflation, Forget The Barbecue And Just Go For A Drive http://kgou.org/post/fight-inflation-forget-barbecue-and-just-go-drive If you're on a tight budget, here's a plan for enjoying late summer:<p><em>1) Take the family for a sightseeing drive.</em><p><em>2) When you get home, have a beer.</em><p>Don't do this:<p><em>1) Invite neighbors over for grilled steaks.</em><p><em>2) Make milkshakes for the kids.</em><p>Such budget-savvy conclusions can be drawn from the <a href="http://www.bls.gov/news.release/cpi.nr0.htm">inflation report</a> released Tuesday by the Labor Department.<p>Its Consumer Price Index (CPI) shows that over the past 12 months, the prices you have been paying have risen 2 percent — a pace that Federa Tue, 19 Aug 2014 17:17:00 +0000 Marilyn Geewax 35777 at http://kgou.org To Fight Inflation, Forget The Barbecue And Just Go For A Drive Shazam! Now You Look Like A Better Borrower http://kgou.org/post/shazam-now-you-look-better-borrower Credit scores can have a huge impact on your life, largely determining your ability to get a home mortgage, a car loan or credit cards.<p>Soon, tens of millions of Americans will find their three-digit credit scores levitating upward — and without having to pay any new bills.<p>What's the magic?<p>It's a simple trick: <a href="http://www.fico.com/en">Fair Isaac Corp</a>. said Thursday that it is changing its widely used FICO credit-score calculations. Fri, 08 Aug 2014 17:35:00 +0000 Marilyn Geewax 35083 at http://kgou.org Shazam! Now You Look Like A Better Borrower Obama Says U.S. Exports Have Room To Run In Africa http://kgou.org/post/obama-says-us-exports-have-room-run-africa President Obama, speaking at the <a href="http://www.whitehouse.gov/us-africa-leaders-summit">U.S.-Africa Leaders Summit</a> on Tuesday, spotlighted $14 billion in new investments in Africa by U.S. companies involved in construction, technology and finance.<p>"The United States is determined to be a partner in Africa's success," Obama said. "I want Africans buying more American products. I want Americans buying more African products."<p>The White House says U.S. exports to Africa hit a record $50.2 billion in 2013, up 40 percent since 2009. These exports supported 250,000 U.S. Tue, 05 Aug 2014 21:37:00 +0000 Marilyn Geewax 34855 at http://kgou.org Obama Says U.S. Exports Have Room To Run In Africa Africa: The Richest Region For Young Workers And Consumers http://kgou.org/post/africa-richest-region-young-workers-and-consumers Africa does not have the wealth that has piled up on the North American and European continents over many centuries.<p>But it does have something richer regions now lack: lots of young people.<p>While other continents have aging populations, Africa is giving birth to a new generation of consumers and workers. Mon, 04 Aug 2014 20:41:00 +0000 Marilyn Geewax 34764 at http://kgou.org Africa: The Richest Region For Young Workers And Consumers As Labor Market Advances, Millions Are Stuck In Part-Time Jobs http://kgou.org/post/labor-market-advances-millions-stuck-part-time-jobs Treading water in July is really fun — if you happen to be in a swimming pool.<p>But if you find yourself stuck in the part-time labor pool, drifting is disappointing.<p>On Friday, the Labor Department reported that while employers <a href="http://www.npr.org/blogs/thetwo-way/2014/08/01/337065018/unemployment-ticks-up-to-6-2-percent-209-000-jobs-added">hired 209,000 workers</a> in July, the growth rate was not strong enough to push part-timers forward.<p>The <a href="http://www.bls.gov/news.release/empsit.nr0.htm">monthly jobs report</a> showed payrolls grew by more than 200,000 for the sixth Fri, 01 Aug 2014 15:52:00 +0000 Marilyn Geewax 34581 at http://kgou.org As Labor Market Advances, Millions Are Stuck In Part-Time Jobs Job Worries Linger, But The Economy Is Looking Good http://kgou.org/post/job-worries-linger-economy-looking-good Five years after the Great Recession ended, where are we with this recovery?<p>On Wednesday, the Commerce Department and the Federal Reserve both answered by saying, in effect:<p>We're in a sweet spot — growing at a decent rate with good reason for optimism.<p>Or as the Fed blandly put it, "economic activity will expand at a moderate pace."<p>President Obama, speaking on the economy in Kansas City, Mo., was more effusive.<p>After a brutal recession, "we have fought back. We have got back off our feet, we have dusted ourselves off," Obama said. "Construction is up. Manufacturing is back. Wed, 30 Jul 2014 21:54:00 +0000 Marilyn Geewax 34458 at http://kgou.org Job Worries Linger, But The Economy Is Looking Good Chances Are Pretty Good That's A Bill Collector Calling http://kgou.org/post/chances-are-pretty-good-thats-bill-collector-calling In about one-third of U.S. households, the sound of a phone or doorbell ringing may trigger a desire to duck.<p>That's because roughly 77 million adults with a credit file have at least one debt in the collection process, according to <a href="http://www.urban.org/UploadedPDF/413191-Delinquent-Debt-in-America.pdf">a study</a> released by the Urban Institute, a research group. A credit file includes all of the raw data that a credit bureau can use to rank a borrower's creditworthiness.<p>Some of those debts can be quite small — perhaps just a $25 overdue water bill. Tue, 29 Jul 2014 18:12:00 +0000 Marilyn Geewax 34355 at http://kgou.org Chances Are Pretty Good That's A Bill Collector Calling It May Be Summer, But For Economists, This Week Feels Like Christmas http://kgou.org/post/it-may-be-summer-economists-week-feels-christmas This week is summer's sweet spot — the peak time for pool parties, fresh-picked berries and cool drinks. But for economists, it may feel more like Christmas — so much to unwrap!<p>Each day will bring new decisions and reports that could have a big impact on the nation's economy. So economists, investors and workers will have plenty to ponder. Mon, 28 Jul 2014 17:37:00 +0000 Marilyn Geewax 34287 at http://kgou.org It May Be Summer, But For Economists, This Week Feels Like Christmas 4 Theories About Why Wal-Mart Changed Its U.S. Chief http://kgou.org/post/four-theories-about-why-wal-mart-changed-its-us-chief Bill Simon, head of Wal-Mart's U.S. division, <a href="http://news.walmart.com/news-archive/2014/07/24/walmart-names-greg-foran-president-and-ceo-of-walmart-us">is leaving</a> the retail giant, the company said Thursday.<p>Any major shake-up at Wal-Mart is closely watched because the company is so important — it tops the Fortune 500 list with annual sales approaching a half-trillion dollars. So lots of people are speculating about what Simon's departure really means. Thu, 24 Jul 2014 19:33:00 +0000 Marilyn Geewax 34072 at http://kgou.org 4 Theories About Why Wal-Mart Changed Its U.S. Chief Inflation Came In Low Again, But Are There Bubbles? http://kgou.org/post/inflation-came-low-again-are-there-bubbles Want to borrow money for a car or a home this fall?<p>Oddly enough, the interest rates available months from now for big-ticket items may be determined by the prices you pay today for everyday consumer goods. Tue, 22 Jul 2014 20:39:00 +0000 Marilyn Geewax 33906 at http://kgou.org Inflation Came In Low Again, But Are There Bubbles?