Finance & Economy

Consider this news to be another step in the "tax accountants full employment act." The "kiddie tax" now applies to much older kids!

President Barack Obama's $787 billion American Recovery and Reinvestment Act, better known as the economic stimulus bill, contains a vein of gold for small businesses, but businessowners must be prepared to do a lot of spade work to get at it.

If the current financial news has your head spinning, you're not alone. Every day seems to bring new statistics, for better or worse. One pundit says get out of the market, another says stay the course. For some people, all the ups and downs are simply paralyzing.

As if skyrocketing oil and food prices weren’t enough, Americans might soon find they’re paying more for another item on their shopping lists: imports from China.

The real estate industry is reeling from the collapsed subprime mortgage market and the broader economic downturn, with more than 3.9 million unsold homes on the market, according to a recent report by the National Association of Realtors.

As consumer confidence in big banks larded with distressed mortgage assets weakens, smaller community banks and credit unions are trying to win the hearts and minds — and deposits — of consumers.

African-American and other minority-owned banks are a bright spot in the collapse of the subprime mortgage market that has upended Wall Street and threw the global financial and banking industries into turmoil.