Early on in the financial crisis there was talk of this finally being the Wall Street recession. Investment bankers, CEOs and other high paid types would be thrown out of their jobs or see they paychecks cut. Manufacturing and other sectors that employ middle class workers would see a comeback. But, according to a new study from National …
As Default Looks More Likely, a Primer on Its Possible Consequences
A couple weeks ago, TIME Moneyland ran a piece about what could happen to regular Americans if the U.S. government defaults. At the time, most of us here thought an actual default was unlikely and that Congress and President Obama would find some solution to raise the debt ceiling. But with the Senate and the House still unable to reach …
Time To Make The Donut Stocks? Dunkin’ IPO Heads Hot Coffee Sector
Commuters stopping by Dunkin’ Donuts (DNKN) tomorrow morning may want to add 100 shares of DNKN to their bear claw order.
It’s a Deal: 75% Off All Apparel at XOXO.com
Through July 31, women’s apparel retailer XOXO is hosting a site-wide sale in which all merchandise—dresses, tops, bottoms, outerwear—is 75% off. A flat $5 covers shipping on each order. But note: All sales are final, no returns or exchanges allowed.
The Craze Over ‘Toning’ Shoes Is, Well, Over
A year ago, consumers eagerly handed over upwards of $200 for each pair of special fitness “toning” shoes that, thanks to designs featuring padded, wobbly, uneven soles, would supposedly tighten buns, thighs, calves, and abs. …
Derivatives to the Rescue? How ‘Betting Against’ the U.S. Could Prevent A Default Crisis
Wednesday’s plunge in the markets signaled that the impasse over the debt ceiling, if it continues, will eventually trigger a substantial market sell-off. Until now, there had been surprising complacency among investors, who seemed to assume that after all the noise and haggling there would, of course, be a deal. That belief itself …
Skins Game: Did Winning the British Open Save Darren Clarke’s Financial Hide?
Talk about pressure. Pro golfer Darren Clarke entered the last round of the British Open earlier this month with the weight of Irish pride on the line and the knowledge that 42-year-olds generally don’t win golf majors. But he …
Should Married Couples Merge Finances or Keep Them Separate?
Money management can be tough when you’re on your own, but throw a spouse or life partner into the mix and things get much more complicated. Financial conflicts can cause major problems in relationships — including divorce.
Majority of Americans Want Better Checking Account Disclosures
Earlier this year, the Pew Charitable Trusts published the results of a study of the nation’s 10 largest banks and found that the median length of checking account disclosures is a whopping 111 pages.
Six reasons Europe’s debt crisis isn’t over
While Washington is gripped in an agonizing and potentially lethal game of chicken over the U.S. debt ceiling, the risk of sovereign defaults still remains much higher across the pond, in Europe. Sure, Europe’s leaders are probably feeling good about themselves after finally cobbling together a second bailout of beleaguered Greece last …
It’s a Deal: Free Tea Day at McAlister’s Deli
Thursday, July 28, is Free Tea Day at all McAlister’s Deli locations (the chain is spread throughout the South, Midwest, and mountain states). Throughout the day, every customer is entitled to one glass of McAlister’s “Famous Sweet Tea” free of charge, no purchase or coupon required.
“We see people selling deals for about the same price they bought them for, or even less because they want to get rid of the deal quickly.”