“Consider it this way: when Enron went belly up, shareholders ended up with nothing, but when the housing market drops, homeowners still have a house. And this benefit is tax-free.”
FINALLY! Three Things You Thought Would Never Happen, and Then the Recession Made Them Happen
The global economic downturn has done what government policymakers, bosses and employers, the collective health care complex, and the consumer brain could not accomplish.
It’s a Deal: Fly Cross-Country for $109 on Virgin America
During a Virgin America sale, flights departing this fall are priced one-way at $39 (on routes such as Seattle to San Francisco and San Diego to San Fran), $109 (Washington-Dulles to L.A. or San Fran), $119 (Boston to L.A. or San Fran), and $129 (New York to L.A. or San Fran). A seven-day advance purchase is required, and tickets must be …
Is red-hot India too hot?
While most of the world is worried about the prospects of a double-dip recession, India is facing just the opposite problem – managing supercharged growth. The Indian economy, oblivious to the meager recovery in the West, is roaring. GDP surged 8.8% in the April-June quarter, the fastest clip in two-and-a-half years. There’s some …
Lehman’s Fuld and Fed Clash in FCIC Hearing: Who won?
Fuld on the Offensive via Getty Images
The Financial Crisis Inquiry Commission on Wednesday took on the question of what led to Lehman’s failure and I’m not sure we came away with any answers. Although we did get a much better window into the lingering bad blood between Fuld and the Federal Reserve.
The FCIC is looking into the …
Cheapskate Wisdom from … ‘Real Housewives of New Jersey’ Star Teresa Giudice
“I always live within my means… I don’t use my credit cards… I don’t have a nanny. I don’t have a cook.”
It’s a Deal: 50% Off Family Meals at Boston Market
Print out this coupon to get a 50% discount on a family meal or market feast at Boston Market. The coupon is valid for use on one day only: Labor Day, Monday, September 6.
Two Sides to the ‘New Normal’: Spending (and Earning) Less
Consumers didn’t come to their senses out of the blue, realizing all of a sudden that they’ve been wasting enormous sums of money on “mindless accumulation,” as a new book puts it. Instead, the Great Recession, with its destruction of investment portfolios, home values, and many people’s careers, has forced folks to come to an undeniable …
Stocks Rise on Bullish Economic Vibes
Just when it seemed clear that the economy was settling into a big-time slowdown, along comes the ISM report with surprisingly good news. The ISM report captures manufacturing activity, and the fact that it was up–economists had expected a decline– sent Wednesday’s stock market on a tear (it helped too that China also reported upbeat …
What the Heck Is a Health-Care Credit Card?
Long story short: It’s something you don’t want. Why? For one reason, when you sign up for such a card, you can be charged thousands of dollars for treatments and services before they’re even provided.
Escaping the middle income trap, part 2
A couple weeks ago, I mused a bit about how developing countries graduate into the leagues of the world’s richest nations, specifically looking at the case of Malaysia. That country has been stuck at a moderate level of wealth for some time – in other words, it’s caught in the “middle income trap.” There is one issue I wanted …