In 2012, Brazilian entrepreneur Eike Batista was on top of the world: Forbes had ranked him the seventh richest man on the planet, and the wealthiest Brazilian overall with a net worth topping $30 billion. He was named as one of …
Forbes List: The Rich Get Richer, and Gates Is on Top
The 400 richest Americans are worth $2.02 trillion total, an all-time high that is roughly equivalent to the GDP of Russia, according to Forbes list of the richest Americans published Monday.
Stocks Rise After Summers Backs Out of Fed Race
U.S. stocks soared Monday morning after Lawrence Summers, a top candidate to be the next Federal Reserve chair, withdrew his name from consideration, Bloomberg News reports
Asian Equities Rise After Summers Bows Out
Hawkish stance on U.S. stimulus made him unpopular with Asian investors
The New Ride for Orlando Tourists: Electric Cars
A new initiative hopes to turn tourists visiting central Florida into the electric car owners of tomorrow.
Loyalty To Your Bank Could Cost You Money
In the annual American Banker/Reputation Institute Survey of Bank Reputations, surveyors asked respondents about feelings of trust, admiration and other positive perceptions. Banks and financial services were rock-bottom on a …
Carnival Launches Post-'Poop Cruise' Guarantee
Eager to convince the public that its ships are up to snuff, Carnival Cruise Lines is introducing a guarantee promising unsatisfied customers a 110% refund and a free (and speedy) trip back home.
Explaining the Financial Crisis: Why Do We Still Not Know What Happened?
Five years after the Lehman Brothers bankruptcy kicked off the largest economic dislocation in the U.S. since the Great Depression, we are still debating what needs to be done to make the financial system safer. We are also still …
America's Next Fed: Who Is Janet Yellen?
Here are five things everybody should know about the next head of the Federal Reserve
Larry Summers Withdraws His Name for Fed Chairman
Former U.S. Treasury Secretary Lawrence Summers phoned President Barack Obama on Sunday to withdraw his nomination for Federal Reserve chairman.
How to Stop Wasting Time
It’s time to get real about how you waste time. These tips and tools can help you add more hours to your day.
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Time’s Foroohar Responds to Treasury: Our Financial System Is Not Stronger
It seems that the Treasury Department is in agreement with the core premise of TIME’s cover story this week. In a blog posted on the department’s website Friday, Deputy Assistant Secretary for Public Affairs Anthony Coley notes …