Taxing yourself out of a traffic jam
Atlanta hopes some of its gridlock problems will be solved if voters approve a controversial penny tax for transportaiton.
July 30th, 2012
02:43 PM ET

Taxing yourself out of a traffic jam

By Tommy Andres, CNN

Atlanta (CNN) - There’s a lot of anger in Atlanta over traffic, but it’s not just road rage. You’d be hard pressed to find anyone who lives in the city, or has driven through it, who won’t tell you that something needs to be done about gridlock here.

[:29] “We’ve been a victim of our own success,” says Reese McCranie with the Atlanta mayor’s office. “We grew at such a pace that it outpaced our infrastructure.”   FULL POST

The Fed's magic money machine
Federal Reserve headquarters in Washington DC.
July 30th, 2012
09:00 AM ET

The Fed's magic money machine

By Dan Szematowicz, CNN

[Updated at 2:22 p.m ET] The Federal Reserve meeting is over.  The Fed has decided not to begin a new round of quantitative easing.  However, they say they remain open to further economic stimulus if the economy continues to slow.

(CNN) – This week leaders of the Federal Reserve will gather in Washington DC for its regularly scheduled contemplation of US monetary policy.

As the economy continues to do its convincing impression of a three-toed sloth, many Fed-watchers think the central bank could decide that the system needs more stimulation. Among the possible measures the Fed could take (on top of programs already in place) is another round of quantitative easing.

This means that the Fed would increase the money supply in the hopes that the economy would stir. To do that, it needs to create more money.

How does that work?

Don't expect to receive an envelope in the mail stuffed with cash.


OPINION: Goodbye 'Dear'?
Bob Greene says in an age of texting and emailing, The "Dear" salutation increasingly seems formal and even too intimate.
July 30th, 2012
08:00 AM ET

OPINION: Goodbye 'Dear'?

By Bob Greene, CNN Contributor

(CNN) - Dear reader:

Actually, that's the subject of today's column.

That salutation.

Because there is a real question that has quietly been building - perhaps not the most important question in this tense old world of ours, but a question nonetheless:

Is "Dear" an endangered species?

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Filed under: CNN Opinion • Voices