The old cost-saving measure of clipping pages from the backs of newspapers has been transformed into a multibillion dollar industry by the advent of Groupon, the online group coupon service. Felix Salmon, finance blogging editor at Reuters, and Andrea Woroch of Coupon Sherpa, talk to us about the history of coupons, reveal why they're such a boon to businesses, and dissect Groupon's business model.
Do you clip coupons? Have you used daily deal sites like Groupon and Living Social? If so, tell us about your experience!
On today's Brian Lehrer Show at 11:40am, Reuters finance blogger Felix Salmon discusses the way in which individual donations to Japan to help with earthquake relief can be a tricky proposition. He points out that the Japanese Red Cross has explicitly said it does not want or need outside donations. Salmon writes that earmarking individual donations exclusively for the relief efforts following specific disasters can hobble relief organizations and potentially leave a lot of unused money on the table. Salmon does suggest giving un-restricted donations to relief organizations instead of designating your money in the name of Japanese victims of disaster.
We'll post highlights from Brian and Felix's conversation later, but for now, here are some links to relief organizations if you choose to consider a donation of any kind.
Felix Salmon, finance blogger for Reuters, talks about Federal raids on hedge funds suspected of insider trading.
The deficit commission has made their own recommendations. How would you cut the deficit? Share your suggestions below.
Ross DeVol, executive director of economic research at the Milken Institute, thinks we can be optimistic about the U.S. economy. Then, Heidi Moore, a financial journalist in New York City and former reporter for The Wall Street Journal and Felix Salmon, finance blogger for Reuters, preview Federal Reserve Chairman Bernanke's speech and discuss the latest economic news.
Our own forms may be mailed in, but the tax discussion isn't over. Robert H. Frank, Cornell economist and "Economic View" writer for the New York Times, talks about his proposal for a "progressive consumption tax" and other alternative tax structures.
Then, Felix Salmon, an economic reporter for Reuters, joins the discussion to reflect on taxes and the current financial reform bill.