Warren Buffett told Fortune magazine’s Most Powerful Women Summit Tuesday that he hasn’t thrown in the towel on the U.S. economy, arguing that the U.S. will avoid a double-dip recession despite rumors to the contrary. Though some …
Denmark Levies First-Ever Fat Tax, Should the U.S.?
A country populated by people whose nationality here doubles as the name of a sugary breakfast treat is probably the last place you would expect to take on fatty foods. But that’s exactly what’s happened. This week Denmark became the first country in the world to levy a tax on fats. Danes will pay an extra $0.12 at the register when …
Your Stock Fund Lost Money? Well, They All Did Last Quarter
We’ve all seen the sobering numbers on things like unemployment (9.1%), GDP (1.3%) and the national debt ($15 trillion). Now comes another reality check: Last quarter, not a single U.S. diversified stock fund made money. Not one.
Was Bank of America Hacked?
Seven days after Bank of America instituted a hugely unpopular $5 fee for debit card use and six days into widespread reports from customers about error messages, slow service and other problems accessing the home page or other …
Car Collector Dream Homes
Henry Ford probably never envisioned that some day we would have garages so vast that the owner could park five, 10, even 20 cars in their house. Here are three homes TopTenRealEstateDeals.com found that are currently for sale …
Gas Prices Drop More Than 25¢ in a Month
If there’s one upside to the economy’s downward spiral, it’s that gas prices are steadily getting cheaper.
Et tu, Citi? Bank Raises Balance Requirements and Fees
Bank of America wasn’t the only big national financial institution to announce some changes that might hit customers in the wallet. Citi was quick to bash Bank of America when it rolled out its hugely unpopular debit card fee, …
Unemployed Cry for Help (and Work) on Craigslist
There’s no shortage of grim employment statistics floating out there. For example, only 63.5% of men ages 21 to 54 had jobs in July, and one or more people have lost jobs in nearly half of American households since 2008. While the numbers tell one part of the story, free ads posted on Craigslist by people who are out of work and …
Study: Shoppers Make Better Decisions If They Don’t Think Too Much
Consumers have plenty of choices in the marketplace. Too many choices, really. For instance, does Betty Crocker need five kinds of vanilla cake mix? Do shoppers really want to decide among 200 different shampoos filling an entire …
Can Entrepreneurs, Stuck On An Island for a Few Days, Solve the World’s Biggest Problems?
At a small conference on a little island, some big thinkers propose ways to fix everything from energy to education.
Is the Dexia mess the start of a new financial crisis?
In the clearest indication yet that Europe’s sovereign debt crisis is morphing into a wider, financial sector crisis, a big European bank might be looking at a break up. The talk in Europe is that French-Belgian specialty lender Dexia could be dismantled, with healthy units sold off and other assets dumped into a “bad bank.” None …
