Homeowner’s insurance doesn’t cover floods. Flood insurance doesn’t cover basements. So what’s a homeowner to do?
Discover Discontinues Random-Number Security Feature
Discover Financial Services is discontinuing a security tool that allowed cardholders to request a randomly generated, one-time-use card number they could utilize for online or card-not-present transactions for which they …
To Kick Off the Labor Day Festivities, Some Grim Employment Statistics
Labor Day weekend is celebrated in honor of workers everywhere. Now, if only there were more companies willing to do the honorable thing and put more workers to work …
Bye, Bye Jobs Growth, Hello Recession?
Zippo. Nadda. Goose egg. The big fat one. That’s how many jobs the economy added in August. And that is really bad news.
Perhaps we should have known that this summer – with the near government default, the European debt crisis, the U.S. credit downgrade, and Hurricane Irene – was bad for the economy. But somehow today’s news that …
Do CEOs Make More than Their Companies Pay in Taxes?
In a new report by the Institute for Policy Studies, 25 of the 100 highest paid CEOs earned more last year than their companies paid in taxes. Not surprisingly, the report has gotten a lot of traction in the media; the Wall Street Journal, the New York Times, and Reuters snatched it up. But more interestingly, Felix Salmon declared the …
A Bank Account for Teens—That’s Custom-Made for Helicopter Parents
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 …