Americans are portrayed as the world’s ultimate consumers, with the oversized homes, walk-in closets, overflowing storage units—and monstrous credit card bills—to prove it. We must really love shopping, right? Then why is it …
Bitcoins: Does an Internet Currency Mean the Doom of the Dollar
Monetary utopia will have to wait.
In mid-June, Bitcoin, a virtual currency many lauded as a model for the future of money, plunged in value after a hacker nearly stole $9 million of the digital dollars. The exchange rate had reached $30 per Bitcoin, up from $5 as recently as April. After the hack, the value dove to penny, but has …
Becoming an Entrepreneur Was the Smartest Risk I Ever Took
Louis Lautman founded International Sales University, a sales training and development company that works with top Fortune 500 Companies and hosts public seminars. Here, he talks about how difficult it is to start your own …
“Thrift stores would be out of business if it wasn't for hoarders.”
It’s a Deal: $25 Off at Bed and Breakfasts Around the World
Use the promotional code BBSUN25 to get $25 off a stay at a choice of nearly 2,000 B&Bs booked through BedandBreakfast.com. To get the discount, reservations must be made by June 30, and travel must be completed by July 31.
Bank of America Mortgage Settlement: Big Banks Could Be Forced to Repay $45 Billion
Eight months ago, when approached by investors to repay a portion of their losses in mortgage bonds, Bank of America CEO Brian Moynihan said no way. He said that his firm had followed the rules and that he was going to fight this …
Bank of America Mortgage Settlement: Big Banks Could Be Forced to Repay $45 Billion
Eight months ago, when approached by investors to repay a portion of their losses in mortgage bonds, Bank of America CEO Brian Moynihan said no way. He said that his firm had followed the rules and that he was going to fight this one to the end. The outcome of that “fight” may indicate that the big banks are far from paying their tab …
Walmart’s New Loss Leader: Cheap Gas
It’s a classic retail technique: Attract shoppers by lowering prices on certain items, with the idea that once customers are in the store, they’ll buy full-priced items as well. The product being discounted in Walmart’s new …
Inside the Fed’s Vault: $1 Billion Worth of Unused Coins
In the basement of a Baltimore vault the size of a soccer field, 1 billion dollar coins are just sitting there. Thanks, Congress.
Getting Ready for a Black Swan
The biggest stock market surprise could be an unexpected economic rebound.
Will Germany-China Ties Hurt the U.S.?
The chummy pow wow between Chinese Prime Minister Wen Jiabao and German Chancellor Angela Merkel in Germany this week seemed like all peas and gravy. Fourteen economic deals? Great. Twenty-two cooperation agreements? Even better. Any business is good business in a fragile global economy, right? Not so much. Growing ties between …
5 Secrets For Scoring Cheap Airline Tickets
Hunting for cheap airline tickets this summer? Good luck, says airline industry consultant Robert Mann. Carriers have trimmed their schedules, making “fire sales” less frequent, and the high cost of fuel that’s causing you pain …