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What do you remember about this week, 25 years ago? October 1993. Many of us were watching Seinfeld and the first Roseanne or listening to a Mariah Carey cassette on our Walkman. And one of the top movies that year starred Bill Murray as a TV weatherman, who relives the same day, Groundhog Day, over and over and over again.

"Bill Murray's character [is] getting caught in a time loop," says Carl Davis, research director for the non-partisan Institute on Taxation and Economic Policy.

Here's a number for you: 1 million. That's how many children were victims of identity fraud in 2017, according to data from Javelin Strategy & Research. Sixty percent of those affected know the person who stole the child's identity, which resulted in $2.6 billion in total losses and over $540 million in out-of-pocket costs to families.

The New York Attorney General's Office is urging a state court not to dismiss its lawsuit against President Trump's charitable foundation, saying the foundation has repeatedly violated state and federal laws.

Attorney General Barbara Underwood said the Donald J. Trump Foundation "was a shell corporation that functioned as a checkbook from which the business entity known as the Trump Organization made payments."

On Friday, we'll get the latest jobs figures for the month of September. Economists are expecting a strong report, with unemployment expected to drop a bit from an already low rate. We're also getting awfully close to the holiday hiring season, and sales are expected to be pretty strong, too. But with the unemployment rate as low as it is, what will retailers have to do to find the workers they need? 

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Block by block, the place you were born and raised, can determine how far you get ahead in life.

A new online tool shows that geography plays an outsized role in a child's destiny.

Called the Opportunity Atlas, it was developed by Harvard economist Raj Chetty and his colleagues. It's a map that uses tax and U.S. Census data to track people's incomes from one generation to the next.

Team Indicator shares its reactions to the new NAFTA, now known as the USMCA. The deal probably does not represent a huge change to the way these countries trade with each other, but it could have intriguing consequences for America's approach to trade with China.

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How will the USMCA trade deal impact China?

Oct 4, 2018

Under the new United States-Mexico-Canada Agreement, manufacturers need to source more parts from the member countries to avoid penalties. That could cost China.

Earlier this week, President Donald Trump said that the trade deal would provide a big boost for North American businesses and jobs.

“We’re going to be a manufacturing powerhouse and allow us to reclaim a supply chain that has been off-shored to the world because of unfair trade issues,” Trump told reporters.

All I want for Christmas is a little help

Oct 4, 2018

Forecasts are predicting strong holiday sales this season, which means retailers, warehouses and other businesses are going to need more employees. But with a labor market this tight, we'll look at how companies are competing for seasonal workers. Then, more than a million children had their identities stolen last year, costing families $542 million. We'll look at what makes kids easy targets and what parents are doing about it. Plus, we'll take you to the world's biggest Elvis Presley festival. It isn't in Nashville or Graceland, but the seaside village of Porthcawl, Wales. 

A misunderstood tech giant and the "nerds" who created it

Oct 4, 2018

Reddit is one of the most visited websites on the internet. But it gets considerably less attention in the national conversation about tech giants and social media. If you've never heard of Reddit, it's a site where anonymous users can post links, whose popularity is determined by other users voting those links up or down.

Last week, Facebook announced the most serious security breach in its history, in which unknown hackers were able to log onto the accounts of nearly 50 million Facebook users.

Last week, 90 million people had to log back into Facebook following a cyberattack.

Maybe you were one of them, and maybe you even took a minute to change your password. But this data breach goes way beyond Facebook, and it's worth wading into the site's thicket of privacy settings to see where else you might have been compromised.

Health care costs keep going up and businesses are passing some of those costs down to their employees. A new Kaiser Family Foundation survey found that employers are paying on average about $20,000 a year for each employee's family health plan — that’s a 5 percent increase from last year. We look into how those increasing costs mean additional costs for employees.

 

 

 

Updated at 3:57 p.m. ET

What could possibly bring together a painter, an economist, a pastor and a planetary scientist? If you ask the John D. and Catherine T. MacArthur Foundation, the answer is simpler than you may think: They've all shown creativity, potential for future achievements — and the likelihood that $625,000, meted out over five years, will help them complete their grand designs.

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