Man’s most expensive friend

The pet business is booming. Last year we spent $58.5 billion on our animal buddies and will plunk down an additional 4-5% more this year. The lion’s share of that increase, after food, is going toward health care. One reason for this growth is that a record numbers...

Will Memorial Day kick off a strong summer?

Brace yourself for a crowded holiday weekend. This year the kick-off to the summer season will see 37.2 million Americans take to the roads. It will be the strongest volume in travel in over a decade. And the summer is only beginning. The joyful combination of low...

Avian Flu scrambles the egg business

By now, most Americans are familiar with the Avian Flu but its impact on your pocketbook may not be as well known. Here is what we know so far. Egg producers have been walloped. Nearly 6% of America’s “layer” hens have been destroyed. That’s a lot of chicken, given...

Does another trade pact make sense?

As Japanese Prime Minister Shinzo Abe’s visit to the United States winds down, politicians in both houses of Congress need to decide whether the proposed Trans-Pacific, 12-nation trade pact makes economic sense. It does and we should jump on it. Through the years I...

My $40,000 knee

Over the next five years, health care spending in the U.S. will total $21 trillion. Spending on health care in America today represents over 17% of the United States economy. By 2017, that number will climb to almost 20% of spending. Now I know why. Experts agree that...

Is Main Street really recovering?

As Wall Street climbed higher and higher over the last five years, Main Street has languished. Jobs, until recently, were few and far between. But if the latest economic statistics can be believed, things just might be looking up. The number of Americans filing new...