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The biggest obstacle to tax reform? You are

Tue, 13 Nov 2012 19:53:35 GMT

If Congress and the White House would just fix the tax code - by getting rid of decades of deductions, exemptions and other giveaways – they could balance the budget. It sounds like a great idea - until the loophole that's closed is the one that puts money in your pocket.



Tax hikes a threat to charitable giving, say billionaires

Sun, 23 Sep 2012 16:51:32 GMT

When billionaires are asked why they give, they usually talk about their desire to apply their business skills to social change, and the responsibilities of wealth.



Why the economy performs better under DemocratsFormer President Bill Clinton was accurate in his assertion that the economy has created more jobs under Democrats than under Republicans. But the reasons are debatable.

Thu, 6 Sep 2012 19:35:43 GMT

(image) Former President Bill Clinton was accurate in his assertion that the economy has created more jobs under Democrats than under Republicans. But the reasons are debatable.


Former President Bill Clinton was accurate in his assertion that the economy has created more jobs under Democrats than under Republicans. But the reasons are debatable.



Lack of jobs keeps US in slow-growth mode

Sat, 4 Aug 2012 14:36:52 GMT

This week's employment report, although a bit better than expected, was a painful reminder of years of slow job growth that threaten the long-term health of the economy.



Euro deal leaves deep divisions, questions

Sat, 30 Jun 2012 00:29:21 GMT

A "breakthrough" agreement by European leaders desperate to show the world they haven’t run out of ideas to save the eurozone is short on details and does little more than buy time.



Jobless claims edge lower, remain elevated

Thu, 21 Jun 2012 12:46:58 GMT

New claims for unemployment benefits declined slightly in the latest week, but remain at levels that raise concerns employers are gradually reducing staff in the face of economic uncertainty.



Slowing economy may force Fed to take actionWith the dark cloud of Europe’s financial crisis looming, the Fed opens a two-day meeting with speculation swirling that it could announce more stimulus to boost the U.S. economy.

Tue, 19 Jun 2012 11:59:43 GMT

(image) With the dark cloud of Europe’s financial crisis looming, the Fed opens a two-day meeting with speculation swirling that it could announce more stimulus to boost the U.S. economy.


With the dark cloud of Europe’s financial crisis looming, the Fed opens a two-day meeting with speculation swirling that it could announce more stimulus to boost the U.S. economy.



Job openings drop to a five-month lowJob openings declined in April to a five-month low, according to government data released Tuesday, as employers wrestled with a raft of worries.

Tue, 19 Jun 2012 15:28:09 GMT

(image) Job openings declined in April to a five-month low, according to government data released Tuesday, as employers wrestled with a raft of worries.


Job openings declined in April to a five-month low, according to government data released Tuesday, as employers wrestled with a raft of worries.



Germans on edge as key Greek vote nearsThe recession sweeping the eurozone has not hit Germany, which may help explain why opinion polls show Germans oppose bailouts of Greece and Spain by roughly two to one.

Fri, 15 Jun 2012 13:01:51 GMT

(image) The recession sweeping the eurozone has not hit Germany, which may help explain why opinion polls show Germans oppose bailouts of Greece and Spain by roughly two to one.


The recession sweeping the eurozone has not hit Germany, which may help explain why opinion polls show Germans oppose bailouts of Greece and Spain by roughly two to one.



Jobless claims jump as job market struggles

Thu, 14 Jun 2012 12:47:03 GMT

New claims for unemployment aid rose unexpectedly in the latest week, signaling that the labor market remained on the defensive and the recovery was stumbling along.



Bernanke has few options as economy slowsFederal Reserve Chairman Ben Bernanke is likely to express deep concern about the deteriorating global economy Thursday, but it’s not clear he can do much about it.

Wed, 6 Jun 2012 19:34:23 GMT

(image) Federal Reserve Chairman Ben Bernanke is likely to express deep concern about the deteriorating global economy Thursday, but it’s not clear he can do much about it.


Federal Reserve Chairman Ben Bernanke is likely to express deep concern about the deteriorating global economy Thursday, but it’s not clear he can do much about it.



Recession stormclouds menace world economyThe gears of the global economy are all slowing in unison. The latest evidence came with Friday’s startling employment report from the U.S. Labor Department.

Fri, 1 Jun 2012 16:10:16 GMT

(image) The gears of the global economy are all slowing in unison. The latest evidence came with Friday’s startling employment report from the U.S. Labor Department.


The gears of the global economy are all slowing in unison. The latest evidence came with Friday’s startling employment report from the U.S. Labor Department.



US job market all but stalls in May

Fri, 1 Jun 2012 12:42:12 GMT

The U.S. economy created a scant 69,000 jobs in May, much lower than expected and all but confirming that the U.S. economy was heading into its third consecutive spring slowdown.



US economy fades as government spending retreatsEuropean-style "austerity" is hitting home in the U.S. Thanks to deep cuts in government spending, the economy slowed faster in the first quarter than originally reported.

Thu, 31 May 2012 16:13:10 GMT

(image) European-style "austerity" is hitting home in the U.S. Thanks to deep cuts in government spending, the economy slowed faster in the first quarter than originally reported.


European-style "austerity" is hitting home in the U.S. Thanks to deep cuts in government spending, the economy slowed faster in the first quarter than originally reported.



Economists see 7.5% unemployment by end of '13

Mon, 21 May 2012 16:05:06 GMT

The National Association for Business Economics said the country's "subpar" recovery will continue over the next year and a half.



Out of benefits even as job picture improvesThe improving employment situation in South Carolina should be good news for Jennifer Moss, offering hope she can find finally land a job after a year and a half without work. But in a way, it’s been another blow.

Mon, 14 May 2012 13:20:08 GMT

(image) The improving employment situation in South Carolina should be good news for Jennifer Moss, offering hope she can find finally land a job after a year and a half without work. But in a way, it’s been another blow.


The improving employment situation in South Carolina should be good news for Jennifer Moss, offering hope she can find finally land a job after a year and a half without work. But in a way, it’s been another blow.



Votes throw future of euro into question

Mon, 7 May 2012 17:37:24 GMT

It took European leaders two years to cobble together a shaky plan to save their common currency,  the euro, a grand economic experiment undertaken in more prosperous times.



Job growth chills in spring after thawing in winterSpring usually means a thaw, but that's not the case for the U.S. job market. The burst of hiring that came last winter, apparently was a reprieve in the slowest recovery in six decades.

Fri, 4 May 2012 17:55:56 GMT

(image) Spring usually means a thaw, but that's not the case for the U.S. job market. The burst of hiring that came last winter, apparently was a reprieve in the slowest recovery in six decades.


Spring usually means a thaw, but that's not the case for the U.S. job market. The burst of hiring that came last winter, apparently was a reprieve in the slowest recovery in six decades.



Employers stretch their workers to the limit Has your boss been asking you to do more and more work because she just doesn't want to hire enough people? Help may be on the way. The government reported Thursday that the productivity of U.S. workers fell for the first time in a year in the first quarter.

Thu, 3 May 2012 16:59:56 GMT

(image) Has your boss been asking you to do more and more work because she just doesn't want to hire enough people? Help may be on the way. The government reported Thursday that the productivity of U.S. workers fell for the first time in a year in the first quarter.


Has your boss been asking you to do more and more work because she just doesn't want to hire enough people? Help may be on the way. The government reported Thursday that the productivity of U.S. workers fell for the first time in a year in the first quarter.



Summer of discontent for teen job seekersOnly about 25 percent of 16- to 19-year-olds are currently working, a drop of 10 percentage points from just five years ago, according to the Bureau of Labor Statistics.

Thu, 3 May 2012 11:37:56 GMT

(image) Only about 25 percent of 16- to 19-year-olds are currently working, a drop of 10 percentage points from just five years ago, according to the Bureau of Labor Statistics.


Only about 25 percent of 16- to 19-year-olds are currently working, a drop of 10 percentage points from just five years ago, according to the Bureau of Labor Statistics.



Jobs data may reveal if recovery is a mirageFriday's employment report comes at a pivotal moment. A strong showing could help ease concerns that the economy is stumbling in the third year of a modest recovery.

Wed, 2 May 2012 11:44:26 GMT

(image) Friday's employment report comes at a pivotal moment. A strong showing could help ease concerns that the economy is stumbling in the third year of a modest recovery.


Friday's employment report comes at a pivotal moment. A strong showing could help ease concerns that the economy is stumbling in the third year of a modest recovery.



Consumers prop up slowest recovery in memoryAs government and businesses cut back on spending in the first three months of the year, the American consumer came through.

Fri, 27 Apr 2012 17:26:00 GMT

(image) As government and businesses cut back on spending in the first three months of the year, the American consumer came through.


As government and businesses cut back on spending in the first three months of the year, the American consumer came through.



US economic growth slows in the first quarterThe U.S. economy grew at a slower pace in the first quarter of 2012, increasing concerns about the health of the recovery. The blow was softened by a rise in consumer spending.

Fri, 27 Apr 2012 13:03:31 GMT

(image) The U.S. economy grew at a slower pace in the first quarter of 2012, increasing concerns about the health of the recovery. The blow was softened by a rise in consumer spending.


The U.S. economy grew at a slower pace in the first quarter of 2012, increasing concerns about the health of the recovery. The blow was softened by a rise in consumer spending.



Congress steering economy toward a 'fiscal cliff'Fed Chairman Ben Bernanke calls it the “fiscal cliff.” It might be better thought of as the next economic Armageddon.

Thu, 26 Apr 2012 18:53:23 GMT

(image) Fed Chairman Ben Bernanke calls it the “fiscal cliff.” It might be better thought of as the next economic Armageddon.


Fed Chairman Ben Bernanke calls it the “fiscal cliff.” It might be better thought of as the next economic Armageddon.



Bernanke says Fed still ready to act if it's needed

Wed, 25 Apr 2012 19:25:58 GMT

Even as the economy shows signs of slowing and the unemployment rate remains stuck at painfully high levels, Federal Reserve chairman Ben Bernanke spent much of a press conference Wednesday explaining why central bankers have decided --  for now -- to do nothing.



Fed struggles to spur slowest recovery in memory They’ve tried dumping $2 trillion in cash into the financial system, slashed overnight interest rates to zero and made an unprecedented promise to keep rates low for at least another two years.

Tue, 24 Apr 2012 12:02:04 GMT

(image) They’ve tried dumping $2 trillion in cash into the financial system, slashed overnight interest rates to zero and made an unprecedented promise to keep rates low for at least another two years.


They’ve tried dumping $2 trillion in cash into the financial system, slashed overnight interest rates to zero and made an unprecedented promise to keep rates low for at least another two years.



Reports show little evidence of housing reboundHopes may be fading for a long-awaited spring rebound in the U.S. housing market. Two widely watched benchmarks Tuesday signaled that the pace of sales softened and prices fell last month.

Tue, 24 Apr 2012 20:19:30 GMT

(image) Hopes may be fading for a long-awaited spring rebound in the U.S. housing market. Two widely watched benchmarks Tuesday signaled that the pace of sales softened and prices fell last month.


Hopes may be fading for a long-awaited spring rebound in the U.S. housing market. Two widely watched benchmarks Tuesday signaled that the pace of sales softened and prices fell last month.



Jobless rate's drop creates conundrumSomething in the employment data coming out Friday won't add up. And economists have been scratching their collective heads about it.

Thu, 5 Apr 2012 14:15:36 GMT

(image) Something in the employment data coming out Friday won't add up. And economists have been scratching their collective heads about it.


Something in the employment data coming out Friday won't add up. And economists have been scratching their collective heads about it.



Cities where manufacturing is boomingAccording to a Brookings report, U.S. exports, which represent 10.7 percent of gross domestic product, grew 11 percent in 2010, the fastest growth since 1997. The bulk came from manufacturing.

Wed, 21 Mar 2012 11:56:58 GMT

(image) According to a Brookings report, U.S. exports, which represent 10.7 percent of gross domestic product, grew 11 percent in 2010, the fastest growth since 1997. The bulk came from manufacturing.


According to a Brookings report, U.S. exports, which represent 10.7 percent of gross domestic product, grew 11 percent in 2010, the fastest growth since 1997. The bulk came from manufacturing.



Biggest job gains going to older workersThe improvement in the job market is good news for all Americans, but especially for older workers. The number of people over age 55 who have a job has increased by 1.69 million over the past year.

Sun, 11 Mar 2012 15:49:14 GMT

(image) The improvement in the job market is good news for all Americans, but especially for older workers. The number of people over age 55 who have a job has increased by 1.69 million over the past year.


The improvement in the job market is good news for all Americans, but especially for older workers. The number of people over age 55 who have a job has increased by 1.69 million over the past year.



Layoffs ease, but hiring is still sluggish

Fri, 9 Mar 2012 18:28:35 GMT

Friday’s jobs data helped confirm that the worst of the recession-related layoffs have eased. Until employers begin shifting back to a solid pace of new hiring, though, most Americans will still have a hard time finding a new job. The Labor Department said Friday that U.S.



Jobs data may be too good to be trueThe U.S. job market seems to be moving in the right direction, although at a crawl. When you take a closer look, some of the data showing improving conditions may be too good to be true.

Thu, 8 Mar 2012 18:01:49 GMT

(image) The U.S. job market seems to be moving in the right direction, although at a crawl. When you take a closer look, some of the data showing improving conditions may be too good to be true.


The U.S. job market seems to be moving in the right direction, although at a crawl. When you take a closer look, some of the data showing improving conditions may be too good to be true.



Keystone pipeline claims don't add up

Wed, 29 Feb 2012 20:24:38 GMT

Proponents of the Keystone oil pipeline argue the project will create hundreds of thousands of jobs and give the American economy a shot in the arm. Too bad the claims don't hold up.



Job creators? Some cities are poachers instead

Tue, 21 Feb 2012 23:06:32 GMT

(image) When the leaders of this small Iowa city became desperate to land a new department store, they didn't have to look far: They lured one from the city next door, along with up to 100 jobs.



Media Files:
http://media1.s-nbcnews.com/j/ap/job poaching--1035786993_v2.thumb.jpg




GM earnings hint at threat from Europe's widening woes

Thu, 16 Feb 2012 17:52:42 GMT

General Motors Thursday became the latest American employer to report that the deepening economic slowdown in Europe has begun to take a toll on corporate profits.



Retirees tighten the belt, but still struggleAs the rebound in the U.S. economy helps boost income and spending among working-aged households, older Americans relying on retirement income are having a hard time paying the bills.

Tue, 14 Feb 2012 18:38:55 GMT

(image) As the rebound in the U.S. economy helps boost income and spending among working-aged households, older Americans relying on retirement income are having a hard time paying the bills.


As the rebound in the U.S. economy helps boost income and spending among working-aged households, older Americans relying on retirement income are having a hard time paying the bills.



Obama budget sees recovery gaining speedPresident Barack Obama is feeling upbeat about the economic recovery, maybe too upbeat.His budget's numbers are higher than forecasts from the CBO and 50 private business economists.

Mon, 13 Feb 2012 19:55:49 GMT

(image) President Barack Obama is feeling upbeat about the economic recovery, maybe too upbeat.His budget's numbers are higher than forecasts from the CBO and 50 private business economists.


President Barack Obama is feeling upbeat about the economic recovery, maybe too upbeat.His budget's numbers are higher than forecasts from the CBO and 50 private business economists.



Who's announced most job cuts? Uncle Sam

Mon, 13 Feb 2012 15:03:50 GMT

Msnbc.com asked outplacement firm Challenger, Gray & Christmas to compile a list of employers that have announced the most job cuts over the past five years. 



Jobless want you to quit already!

Wed, 8 Feb 2012 15:53:17 GMT

Even though some employees are frustrated with their jobs because the tough economy has led to furloughs, wage freezes, and benefit cuts, many aren’t upset enough to say, “I quit!”



Recovery is gathering speed, jobs data confirmThe U.S. economy is like a flywheel: it takes a lot to get it going. Once it starts moving, it can pick up speed pretty quickly.

Fri, 3 Feb 2012 17:57:26 GMT

(image) The U.S. economy is like a flywheel: it takes a lot to get it going. Once it starts moving, it can pick up speed pretty quickly.


The U.S. economy is like a flywheel: it takes a lot to get it going. Once it starts moving, it can pick up speed pretty quickly.



Wage gains offer welcome relief to workers American consumers caught a break in their paychecks in December – and the money went right into their saving accounts. That could help ease the recent squeeze on household finances.

Mon, 30 Jan 2012 17:03:58 GMT

(image) American consumers caught a break in their paychecks in December – and the money went right into their saving accounts. That could help ease the recent squeeze on household finances.


American consumers caught a break in their paychecks in December – and the money went right into their saving accounts. That could help ease the recent squeeze on household finances.



Unsold goods weigh on future growthThe economy perked up late last year as factories ramped up production. Unfortunately, a lot of what those factories made is still in warehouses and on store shelves. 

Fri, 27 Jan 2012 23:58:45 GMT

(image) The economy perked up late last year as factories ramped up production. Unfortunately, a lot of what those factories made is still in warehouses and on store shelves. 


The economy perked up late last year as factories ramped up production. Unfortunately, a lot of what those factories made is still in warehouses and on store shelves. 



Fed adds more punch to low-rate pledge

Wed, 25 Jan 2012 18:59:27 GMT

Central bank Chairman Ben Bernanke is betting that the Fed's increased transparency on rates will help spur more borrowing among businesses and consumers.



Here's what Fed's 'new transparency' looks likeThey're not exactly PowerPoints, but the Federal Reserve Wednesday adopted a new "fuller disclosure" policy that comes with visual aids.

Wed, 25 Jan 2012 21:09:13 GMT

(image) They're not exactly PowerPoints, but the Federal Reserve Wednesday adopted a new "fuller disclosure" policy that comes with visual aids.


They're not exactly PowerPoints, but the Federal Reserve Wednesday adopted a new "fuller disclosure" policy that comes with visual aids.



Fed's Open Market Committee starts to open upIf you’ve ever fancied yourself as a “Fed watcher” — one of those analysts who read the tea leaves of the central bank’s next move — the job is about to get a whole lot easier.

Tue, 24 Jan 2012 12:25:22 GMT

(image) If you’ve ever fancied yourself as a “Fed watcher” — one of those analysts who read the tea leaves of the central bank’s next move — the job is about to get a whole lot easier.


If you’ve ever fancied yourself as a “Fed watcher” — one of those analysts who read the tea leaves of the central bank’s next move — the job is about to get a whole lot easier.



Cities with the longest way back from recessionThese nine regions are projected to recover less than 5 percent of the jobs lost during the recession this year. They were hurt by the housing crash and loss of private and public jobs.

Mon, 23 Jan 2012 12:58:24 GMT

(image) These nine regions are projected to recover less than 5 percent of the jobs lost during the recession this year. They were hurt by the housing crash and loss of private and public jobs.


These nine regions are projected to recover less than 5 percent of the jobs lost during the recession this year. They were hurt by the housing crash and loss of private and public jobs.



Layoffs easing for government workersWith state and local government finances on the mend, layoffs of government workers has slowed. That's good news for them and for the economy as a whole.

Thu, 19 Jan 2012 20:00:13 GMT

(image) With state and local government finances on the mend, layoffs of government workers has slowed. That's good news for them and for the economy as a whole.


With state and local government finances on the mend, layoffs of government workers has slowed. That's good news for them and for the economy as a whole.



Economy trumps all in South CarolinaTom Brokaw reports tonight from the Palmetto State for ‘Nightly News’ series ‘Main Street, USA.’

Thu, 19 Jan 2012 19:46:17 GMT

(image) Tom Brokaw reports tonight from the Palmetto State for ‘Nightly News’ series ‘Main Street, USA.’


Tom Brokaw reports tonight from the Palmetto State for ‘Nightly News’ series ‘Main Street, USA.’



For many, job loss would mean missing billsThe sudden loss of a job has become, if not commonplace over the last years, at least not very surprising. Yet many Americans remain unprepared for not having an income.

Thu, 19 Jan 2012 12:35:14 GMT

(image) The sudden loss of a job has become, if not commonplace over the last years, at least not very surprising. Yet many Americans remain unprepared for not having an income.


The sudden loss of a job has become, if not commonplace over the last years, at least not very surprising. Yet many Americans remain unprepared for not having an income.



Factories rev up, but hiring doesn'tA healthy pickup in production of manufactured goods last month added to the gathering momentum for the U.S economy. So far, that growth has done little to help the job prospects for millions of unemployed factory workers.

Wed, 18 Jan 2012 20:38:44 GMT

(image) A healthy pickup in production of manufactured goods last month added to the gathering momentum for the U.S economy. So far, that growth has done little to help the job prospects for millions of unemployed factory workers.


A healthy pickup in production of manufactured goods last month added to the gathering momentum for the U.S economy. So far, that growth has done little to help the job prospects for millions of unemployed factory workers.



Jobs gains may not help Obama's re-election bid

Fri, 13 Jan 2012 16:58:35 GMT

As the job market improves, it lures more people who gave up looking for work to start sending out their resumes. And that could drive the unemployment rate higher.



Eurozone slammed by downgrades, collapse of talks

Fri, 13 Jan 2012 21:09:57 GMT

Friday the 13th was not a good day for Europe. In the midst of the European trading day, news began circulating that credit agency Standard and Poor's would downgrade many eurozone countries, including France, Italy and Spain.



Four job seekers for every opening, report shows

Tue, 10 Jan 2012 23:44:09 GMT

The government offered fresh data Tuesday showing that the job market is gradually improving.



GOP plan: No HS diploma? No unemployment check

Mon, 9 Jan 2012 18:49:53 GMT

Out of work and without a high school diploma? If you’re collecting unemployment insurance, you may soon be out of luck.



Five regions that are key to the US economy

Sun, 8 Jan 2012 17:08:50 GMT

(image) It is clear that the United States is essentially made up of many economies, each with distinctly different short- and long-term prospects. With that in mind, here are our five regions to watch in 2012



Media Files:
http://media1.s-nbcnews.com/j/MSNBC/Components/Photo/_new/g-120108-biz-regions-10a.thumb.jpg




Better jobs data a mixed blessing for Obama

Fri, 6 Jan 2012 17:40:16 GMT

President Barack Obama's claim that his economic policies are helping put Americans back to work got a shot in the arm Friday when government data showed the nation's jobless rate dropped to the lowest level in three years.



Modest improvement leaves millions still out of work

Fri, 6 Jan 2012 22:00:43 GMT

Friday’s strengthening employment data good news for anyone looking for a job. And there are still plenty of people left in that category.



Small business leading job market back

Thu, 5 Jan 2012 20:36:00 GMT

A steady trickle of reports points to an improving labor market. But the economy needs to add far more jobs to lower the nation's 8.6 percent jobless rate.



They love the work, hate the student debtThe Christmans are among the many Americans who have sought out careers that often require a lot of education but don’t guarantee huge pay in return.

Thu, 5 Jan 2012 12:27:29 GMT

(image) The Christmans are among the many Americans who have sought out careers that often require a lot of education but don’t guarantee huge pay in return.


The Christmans are among the many Americans who have sought out careers that often require a lot of education but don’t guarantee huge pay in return.



Housing improves, but foreclosures spoil the partyFive years into the worst housing depression since the 1930s, the latest monthly data  indicate that the homebuilding industry is slowly coming back to life. But foreclosures cloud the outlook.

Tue, 20 Dec 2011 18:33:48 GMT

(image) Five years into the worst housing depression since the 1930s, the latest monthly data  indicate that the homebuilding industry is slowly coming back to life. But foreclosures cloud the outlook.


Five years into the worst housing depression since the 1930s, the latest monthly data  indicate that the homebuilding industry is slowly coming back to life. But foreclosures cloud the outlook.



We are the Median: A look back at our intervieweesTo conclude the series on living on $50,000 a year, we asked the people we interviewed to tell us, on video and in their own words, a bit about what it’s like. Here’s what they had to say.

Thu, 15 Dec 2011 15:25:17 GMT

(image) To conclude the series on living on $50,000 a year, we asked the people we interviewed to tell us, on video and in their own words, a bit about what it’s like. Here’s what they had to say.


To conclude the series on living on $50,000 a year, we asked the people we interviewed to tell us, on video and in their own words, a bit about what it’s like. Here’s what they had to say.



More companies ending the year without the bonus

Thu, 15 Dec 2011 15:37:35 GMT

More than four in 10 companies don't offer year-end bonuses or perks. That's a substantial increase from four years ago.



Tipping in tough times: What you need to knowShowing appreciation for hard work is the reason many of us give when it comes to holiday gratuities. But during tough economic times, the practice has come under increasing scrutiny. 

Thu, 15 Dec 2011 16:57:44 GMT

(image) Showing appreciation for hard work is the reason many of us give when it comes to holiday gratuities. But during tough economic times, the practice has come under increasing scrutiny. 


Showing appreciation for hard work is the reason many of us give when it comes to holiday gratuities. But during tough economic times, the practice has come under increasing scrutiny.