The online bank ING Direct is introducing a new debit card and e-banking account designed specifically for teenagers. But considering how the product works—daily spending is limited, there’s no possibility of overdrafts, and …
5 Things to Know to Protect Your House Against Flooding
Right after the devastation of Hurricane Irene, with photos of flooded homes everywhere, comes the news that pop star Rihanna is suing over water damage to her $6.9 million Beverly Hills mansion.
Three Top CEOs Call it Quits: What Do Executive Exits Say About the Economy?
Call it turnover Thursday. In the past 48 hours, chief executives of three of the U.S.’s largest companies – Bank of New York Mellon, Costco and Bank of New York Mellon – have either called it quits or been shown the door. Perhaps they wanted to make labor day truly a long weekend.
Of the three CEOs to leave their posts, Robert Kelly …
Social Security and Ponzi Schemes: Is Rick Perry Right?
Comparing Social Security to a Ponzi scheme is a bridge too far — unless the federal government fails to take action to curb entitlement spending.
Will Subscribers Start Fleeing Netflix?
Netflix’s new pricing system—which effectively increases monthly rates by 60% for most members—went into effect on Thursday, but subscribers won’t necessarily see the price change yet. Instead, it’ll occur on their next …
My Advice for the Chamber of Commerce: Shut Up and Hire Somebody!
The media advisory advised that U.S. Chamber of Commerce President Thomas J. Donohue would be offering ideas to immediately create jobs and spur the economy. And that the Chamber will be bringing these ideas to Congress and the President this month. Excellent, we’re all for jobs. And what ideas might those be? The usual suspects: …
Don’t Expect Great Deals on New Cars Over Labor Day Weekend
When’s the best time of year to buy a new car and snag the most outstanding deal? Good question. There are many theories out there among car and bargain-hunting aficionados. Some people swear October is best. Or the end of the …
Bosses Admit to Playing Favorites When Determining Promotions
We know that favoritism has long played a role in the workplace. Now, a new study has senior execs saying so.
Broken Recovery: Have Economists Failed Us
In the wake of the financial crisis and the Great Recession it caused, economists and their profession have taken a beating. At first, the main complaint was that economists didn’t see the crash coming. Now the main beef with economists is that they haven’t been able to come up with a solution to pull the economy out of the current …
Six-Figure Parking Spots: The Rich Pay $125,000 to Park Their Cars
Paying $100K for a parking spot sounds totally ridiculous. Unless, that is, that spot would sell for $125K two years after it was purchased—in which case, it’d be a better investment than most traditional real estate has been lately.
Car Lessees Driving Themselves Into a Ditch
As the U.S. tries to fix its long-term macroeconomic problems, an increasing number of consumers are apparently busy worsening their own microeconomic problems. John Sternal, a spokesman for LeaseTrader.com, recently told DailyFinance that, “What we’re basically seeing now is, instead of one out of every five people leasing, we believe …
Banks Waive Fees For Hurricane Irene Victims
Americans along the East Coast, especially in the Northeast, are still grappling with the aftereffects of Hurricane Irene. Many have no power and a smaller number have been displaced from their homes or are trapped by washed-out …
