Starting July 7, you’ll no longer be able to purchase an unlimited data plan through Verizon, which is moving instead to a “usage-based” model. This isn’t the first such move — AT&T dropped its unlimited data plan last …
Dear Greece, Why Not Just Default?
The Greek government survived its no confidence vote in parliament, and the world is breathing a mini sigh of relief. So where does that leave the Greeks, and what are the next best steps?
According to Greek politicians, the name of the game is bailouts, and Greece is desperate for another one. To get that squared away, its parliament …
GM Raises Car Prices Now So It Can Lower Them Later
It’s a screwy time in the auto business. Used car prices recently hit a 16-year high, while average prices paid for new cars also soared in May—at the same time overall new car sales slumped that month. Now that prices seem to …
Bernanke and the Fed: Reading Between the Lines
Today we were treated to the second installment of the Federal Reserve’s new policy of openness with Chairman Ben Bernanke’s press conference. That followed on the heels of the statement by the Fed Open Market Committee about …
“Parents spend thousands and thousands of dollars to send their kids to school to finger-paint.”
Oil Price Spike: Was it Bernanke, the Arab Spring or Something else?
The Federal Reserve’s $600 billion bond buying program ends at the end of this month. The program, which was the second round of quantitative easing for the central bank and has become known as QE2, has been controversial. So you are likely to read a lot of commentary over the next week or two about what it did and what it didn’t do, and …
Federal Agency Sues Banks For Credit Union Failures
One of the most frustrating things about the 2008 financial crisis was the sense that the people who got us into this mess weren’t going to face any kind of repercussions. For ordinary Americans watching their nest eggs tank while reading about bailouts and golden parachutes, there was a widespread feeling that somebody needed to be held …
Guest Column: Staying Quiet About China is a Dangerous Approach
Zachary Karabell’s June 9 article, “How Can Americans Get China to Do What They Want? For Starters, Shut Up,” promotes a dangerous approach that allows China to freely continue its mercantilist economic policies without …
It’s a Deal: 40% Off Everything at Calvin Klein
Through Thursday, June 23, only, Calvin Klein is hosting a site-wide sale in which nearly all merchandise is 40% off. Shipping costs a flat extra $8 per order, or free shipping is available for orders of $150 and up.
A New Airline Add-on Fee: That’s the Spirit!
Spirit Air, which has been leading the charge when it comes to airfare add-ons, has one upped itself. Passengers will now have to pay $5 if the airline prints out a boarding pass for them. It’s a cheeky, you-gotta-be -kidding-me move for passengers who last year got hit with a baggage fee—that is, carry on baggage. Chalk it up to …
Is a 3-D Movie Really Worth an Extra $5?
Generally speaking, movie goers love special effects. For an action film in which giant robots come to life and battle for the earth’s survival, it’s a safe assumption that the more special effects, the better. But what if …
Q&A: Marc Ostrofsky on How He Got Rich … ‘Click’
The Internet has been good to Marc Ostrofsky. He has made more than $50 million in the past 20 years as an online entrepreneur, and his current online companies net over $75 million annually. You might suppose that someone with …