The Associated Press reports that the Phillips LED light bulb that won the government’s L Prize—a $10 million contest to replace the traditional incandescent bulb—will go on sale as of Earth Day with a full retail price of $60. Yes, that’s $60 per bulb, not $60 for an entire house full of bulbs.
By 2025, the government will require an average fuel economy of 54.5 m.p.g. for cars and trucks sold in the U.S. To meet that requirement, automakers must focus on more efficient, technologically sophisticated cars that cost more upfront to build — and whose costs are ultimately passed along to consumers. How much more will these [...]
While it’s possible to file your taxes months in advance, it’s commonplace to procrastinate and not get to the task until the last minute—increasing the chances of making mistakes and overpaying while you’re at it. So why is it that so many of us stall so much when it comes to filling out 1040s?
New regulations, government bureaucracy, political connections and changing cultural tastes can affect any career path — and that includes that of a traditional snake charmer in India.
By 2015, the U.S. Postal Service says it could be losing $18.2 billion annually. To stop the bleeding, it has proposed several money-saving strategies, including closing hundreds of post offices and processing facilities, canceling Saturday delivery, and now, the plain old-fashioned technique of jacking up the price of a stamp.
Are videocameras at traffic lights meant to make roads safer? Or just serve as an easy way for states and municipalities to dish out tickets and raise revenues? Considering the serious money generated by cameras—as much as $480 per ticket, with a single camera responsible for more than $4 million in fines in one year—drivers [...]
Last year, a federal program paid out $1.6 billion to cover free cell phones and the monthly bills of 12.5 million wireless accounts. The program, overseen by the FCC and intended to help low-income Americans, is popular for obvious reasons. But observers complain that the program suffers from poor oversight.
Labor Day weekend is celebrated in honor of workers everywhere. Now, if only there were more companies willing to do the honorable thing and put more workers to work …
The U.S. Postal Service, which is expected to lose $9 billion in 2011 and may have to close 10% of post offices and resort to five-day-a-week mail delivery, has figured out at least one way to cut costs. By more carefully monitoring “standby time”—in which employees are paid to show up at work and do [...]
If you live in an area served by Comcast and your kids receive free lunches at school through the National School Lunch Program, you may qualify for a new Internet service from Comcast, which costs just $9.95 a month.
Here’s a roundup of revealing figures and interesting survey stats regarding a topic that’s certainly known for get people worked up, so to speak.
