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  • shopping-consumer-confidence

    Stuck in a Post-Crisis Gloom

    It may be time to move beyond pessimism. Ever since the financial crisis, Americans have wallowed in fear and anxiety. Understandably. Although a recovery — as defined by academic economists — started about two years ago, it hasn’t felt like one.
  • Samuelson: The Elderly are Better Off Than Advertised

    When House Speaker John Boehner calls for trillions of dollars of spending cuts, the message is clear. Any deal to raise the federal debt ceiling must include significant savings in Social Security and Medicare benefits. Subsidizing the elderly is the biggest piece of federal spending (more than two-fifths of the total), but trimming benefits for well-off seniors isn’t just budget arithmetic. It’s also the right thing to do.
  • housing-silver-lining

    A Silver Lining in the Housing Bust

    Almost everyone considers the housing collapse a disaster, and it is. Since 2007, roughly 8 million homes have gone into foreclosure. If you’re a homeowner, the steep fall in prices is calamitous. But if you’re a future buyer, it’s a godsend. What we’re seeing is a massive wealth transfer from today’s older homeowners to tomorrow’s younger homeowners.
  • fed-ferguson-co02-wide

    Sticker Shock

    The Fed may deny it, but Americans know that prices are rising. Inflation is back.
  • Obama Abdicates on the Budget

    If you’ve wondered why it’s so hard to subdue budget deficits, you should consult a new study from the Congressional Budget Office called “Reducing the Deficit: Spending and Revenue Options” (free at You’ll learn from its 240 pages that the deficits definitely can be curbed. The CBO presents 105 policies (it doesn’t endorse them) that would shrink deficits by trillions of dollars over the next decade. You’ll also learn — surprise! — that most choices are political poison....
  • musk-nb02-vl

    Interview: Elon Musk

    The electric-car pioneer and space prophet talks about his Hollywood reputation and why so many billionaires have intergalactic fantasies.
  • buffet-FE03-hsmall

    Warren Buffett's Management Bungle

    America has a way of elevating its heroes beyond the realm of mere mortals. This has not been an issue on Wall Street, where heroes do not exist. Warren Buffett has been the glaring exception.
  • cooper-co03-wide

    Copper Is King

    Gold prices are up, but another metal connects the world—and reveals our economic future.
  • tease-sidney-harman-obit

    Sidney Harman: An Extraordinary Life

    Philanthropist, triumphant entrepreneur, government servant and steward of journalism, Sidney Harman, executive chairman of The Newsweek Daily Beast Co., died last night. Jonathan Alter on the remarkable 92 years of a true polymath who built one of America's great companies. Plus, the Harman family statement.
  • dick-fuld-NB04-INLINE

    Pyramid of Profiteers

    What was David Sokol thinking? The Berkshire Hathaway golden boy shocked the business world last month after he came under scrutiny for possible insider trading. He's hardly alone.
  • samuelson-co55-wide

    The Real GE Scandal

    It’s not that the company won’t pay any 2010 U.S. income taxes. It’s that we don’t know how to tax global business.
  • data-beast-tech-lawsuits-NB60-main.jpg

    Phone Fight!

    The world’s smart-phone giants are suing each other like mad, charging their competitors with stealing their patents. A hands-free guide to who’s in the dock.
  • tarp-taxpayers

    Give TARP a Break

    Almost everyone loves to hate TARP. It’s a favorite political sport of liberals, conservatives, Republicans, Democrats—and the public. A Bloomberg poll last October asked how TARP had affected the economy. Forty-three percent of respondents said it weakened the economy; 21 percent said it made no difference; only 24 percent said it helped, with 12 percent unsure one way or another. Commentators in newspapers from The Wall Street Journal to The New York Times disparage TARP. ...
  • fat-story-wallst-nb40-hsmall

    Wall Street in the Dock

    Rajat Gupta stands to lose powerful friends and worldly influence. Few climbed higher than Gupta, the former managing director of consulting powerhouse McKinsey & Co.
  • starbucks-fe03-wide

    How Starbucks Got Its Mojo Back

    After years of remarkable growth, the iconic coffee chain started to look bad. Even smell bad. In an excerpt from his new book, CEO Howard Schultz tells how he reinvented the company from the coffee bean up.
  • starbucks-fe03chart-hsmall

    The Saga of the Stinky Cheese

    For me, the most symbolic representation of how Starbucks in 2007 was losing its magic was the warm breakfast sandwich. I’d resisted the idea of serving sandwiches in our stores from the start, though I understood why they made financial sense. Our warm sandwiches gained a loyal following and drove up sales and profits. The more popular they became, the more our baristas had to heat them in warming ovens. And when they did, the sandwiches would inevitably drip and sizzle in the ovens, releasing a pungent smell. The rich, hearty coffee aroma in the stores was overwhelmed by singed Monterey Jack, mozzarella, and, most offensively, cheddar. Where was the magic in burnt cheese?
  • angrybirds-gamechangers-wide

    Angry Birds: One Sweet Perch

    Angry Birds is the first mobile game to have real mainstream success. So what’s next for the game that pits fowl against swine?
  • Is Organized Labor Obsolete?

    What we are witnessing in Wisconsin and elsewhere is the death knell of Big Labor. Once upon a time, most Americans could identify the head of the AFL-CIO. He was George Meany, the cigar-chomping ex-plumber who ran the union federation from 1955 to 1979. He was one of the nation's great power brokers, much quoted and wooed by presidents. It's doubtful that as many Americans can name Meany's present successor. (Answer: Richard Trumka, former head of the mine workers' union.) ...
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    Sonja Kohn, Bernie Madoff's Bag Lady

    Sonja Kohn never had trouble reaching Bernie Madoff, whether by phone or in person. “I would always put her in to Bernie, because he always wanted to talk to her,” recalls Eleanor Squillari, Madoff’s personal secretary for 20 years. When Kohn ventured from Europe to visit Bernard L. Madoff Investment Securities, a warm welcome always awaited her at his 19th-floor office in the high-rise known as the Lipstick Building on Manhattan’s East Side.
  • Disclose No Evil

    In a much-watched Wall Street ritual, Warren Buffett will release his yearly letter to shareholders of Berkshire Hathaway this weekend, marking the informal kickoff of annual-report season. The task shouldn’t be hard: Berkshire stock returned 21.4 percent in 2010. Other letter-writers aren’t so fortunate, such as BP CEO Bob Dudley, who will have to explain away the Gulf of Mexico oil disaster. NEWSWEEK turned to annual-report consultants for suggestions on spinning some of the thorniest corporate issues.