The market’s big swings are still going strong. Last week the Dow Jones industrial average ended in the negative for the fourth week in a row, as jilted investors continued to pull billions of dollars out of stocks to wait out the storm. The volatile dips are likely to continue, since major threats to the market still loom, which many …
Has America Become a Nation of Squatters?
Before the recession, “squatting” brought to mind Appalachian-style family feuds, wherein the Hatfields camped out for years on end, shotguns cocked, on a remote corner of the McCoy’s acreage., or maybe starving artist
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Why the Arab Spring’s success depends on jobs, not guns
Euphoria erupted in Tripoli as rebel forces rolled into the Libyan capital, likely bringing an end to the brutal 42-year reign of Muammar Gaddafi. Libya now joins Egypt and Tunisia on the list of Arab states where opposition movements toppled long-standing dictators. Political change seems destined to take place in Yemen as well, while …
Does the West Need a New Growth Model?
As shown by yet another global stock selloff, investors have finally woken to the reality that we have not yet recovered from the 2008 financial crisis. Many smart economists had been warning that this time was different, that we …
Attorney Suing Airline for Not Accepting Cash
Extreme Couponers Dumpster-Diving for Sunday Newspapers
Who says newspapers are dead? Some editions are so popular these days that people are digging through others’ trash for them. Long live print!
A Good Problem to Have: What to Do with a Windfall
I make a living by telling people how to get rich slowly. But every so often — admittedly a little less often these days — I hear from somebody who’s been able to do the opposite. They’ve actually managed to find sudden wealth, …
The Real Problem in the Latest Housing Stats
The National Association of Realtors released its July report on housing on Thursday. Considering it’s back-to-school time, let’s take a quiz: The most interesting statistic in the report is …
12 Things You Should Stop Buying Now
There’s no shortage of experts offering advice about where to buy things and how to score the best deals. But sometimes, shopping smarter means not buying at all. As satisfying as it might feel to get a great deal, sometimes the …
Does the West need a new growth model?
As shown by yet another global stock selloff, investors have finally woken to the reality that we have not yet recovered from the 2008 financial crisis. Many smart economists had been warning that this time was different, that we wouldn’t enjoy that simple, V-shaped return to normalcy after the Great Recession. But the global …
Are We Entering the Next Recession?
Stocks, they are a’ tumbling…again. Asian markets plummeted overnight, after the Dow Jones Industrial Average closed down 3.7% Thursday. The question on everyone’s mind: is this really the start of a new recession, or is the market oversold?
The fact is, even the world’s savviest investors don’t seem to know how to play the latest …
What Do You Think the CFPB Should Crack Down On?
A consortium of consumer groups led by the National Consumer Law Center submitted a detailed comment letter to the Consumer Financial Protection Bureau. It’s a wish list of sorts, a round-up of shady business models and practices that part unsuspecting Americans from their money.