Turn on the news on any given day, and you're likely to hear about the Dow Jones industrial average. It is the most frequently checked, and cited, proxy of U.S. economic health. But a lot of people — maybe most — don't even know what it is. It's just the stock prices of 30 big companies, summed up and roughly averaged. That's it.
And what does the daily movement of this number have to do with the lives of most Americans? Not much.
Eight members of Colorado’s Congressional delegation are calling on Congress to save a federal tax credit for the wind industry. The bipartisan group delivered a letter ahead of a committee meeting on Tuesday.
The deal Greek officials are working on includes several more painful concessions. Among them, reducing the minimum wage.
Joanna Kakissis reports from Athens on how strong unions secured those wages and why some economists say those guarantees have to go.
JOANNA KAKISSIS, BYLINE: The minimum wage in Greece is about one $1,000 a month before taxes. International lenders say it must be reduced to about $780 a month to make the Greek economy more competitive.
When a company files to go public it has to lay out in black and white the biggest risks that face the firm. What could kill it? What could undermine its business? Wipe out all its investors' money? Executives are required to reveal this by law.