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ORSOS Floating Island Offers 'Mobility Of Yacht' With 'Comfort Of Mainland Home' (VIDEO)

Ileana Llorens | June 22, 2012 | Travel
One company is giving wealthy consumers the chance to own a private island -- sans the sand, rocks and monumental price tag. But life aboard an ORSOS Island doesn't exactly come cheap, either. The luxury craft alone will set buyers back about $4.6 million, Elite...

Tracy And Karen Vasseur Charged In $1 Million Online Dating Scam

Alicia Ciccone | June 22, 2012 | Money
A mother and daughter have been accused of scamming over $1 million from unsuspecting online daters, Colorado's attorney general announced Tuesday. Tracy Vasseur, 41, and her mother Karen, 73, of Brighton, Colo., allegedly posed as U.S. military members fighting in Afghanistan who claimed they needed money to...

Nepal To Use Drone Aircraft To Combat Poaching Of Endangered Species

Tara Kelly | June 21, 2012 | Green
Poaching has long contributed to the dwindling populations of endangered species worldwide. Now, conservationists in Nepal are combating the illegal trade by using unmanned drone aircraft in an effort to protect the country's endangered tigers and rhinos from poachers, Agence France-Presse reports. According...

Ronald Weinland, Doomsday Prophet, Found Guilty Of Tax Evasion

Emily Cohn | June 22, 2012 | Money
If you thought the end of the world was near, would you pay your taxes? For Ronald Weinland, 63, the answer was no. Weinland -- who runs a church from his home in Cincinnati, Ohio, and delivers sermons via the Internet -- warned his followers that the world was going...

Merrill Lynch Fined For Overcharging Customers

Emily Cohn | June 22, 2012 | Money
NEW YORK -- A financial regulator has fined Merrill Lynch $2.8 million for overcharging customers with fees and for failing to provide timely trade confirmations. The Financial Industry Regulatory Authority said Thursday that it fined Merrill Lynch, Pierce, Fenner & Smith after it found the broker overcharged nearly 95,000 customer...

Study Finds Chicago Students Motivated To Perform Well On Tests When Promised Money, Trophies

Alex Kuczynski-Brown | June 21, 2012 | Education
Students attending low-performing schools tend to perform better on tests when promised financial or non-financial incentives for good scores, according to a study conducted by Freakonomics’ Steven D. Levitt, John A. List, Susanne Neckermann and Sally Sadoff. Between January 2009 and January 2011, the researchers conducted...

12 Cities Where Buying A House Is Cheaper Than Renting

Bonnie Kavoussi | August 7, 2015 | Money
If you want to save money on rent, you may want to buy a house. Purchasing a home is far cheaper than renting in 12 U.S. cities, according to Business Insider's analysis of a recent report by HotPads, a real estate search engine. Business Insider ranked the 12...

15 Signs Of Serious Debt Trouble

Alicia Ciccone | June 21, 2012 | Money
You know you need to seek help from a credit counselor when ... It may sound like a comedy routine opener, but for lots of people, it's definitely not a laughing matter. Many who are weighed down with debt opt first for self-help, trimming back on spending and keeping a...

Fab.com's Vibrators Are The Site's Biggest-Seller

Drew Guarini | June 22, 2012 | Small Business
Fab.com is only a year old, but the gay social network turned flash sale site already has 5 million users who have purchased 1.8 million items for a current sales rate of 2.6 sales per minute. But among the many eclectic, curated items that...

Banks Fine Print Could Mean You Pay Their Legal Fees After Dispute

Alexander Eichler | June 21, 2012 | Business
At some banks, there's a nasty little piece of language buried in those terms-and-conditions agreements you have to sign. It says that if there are any legal disputes over your account, and the bank ends up incurring costs -- like attorney fees, for example -- you're the one who's going...

10 Things To Leave Off Your Resume

Kristen Stenerson | June 21, 2012 | Fifty
What you don't include on your resume can be as important as what you do include. Here are 10 things you should leave off:

European Castles May Be In Reach As Luxury Estate Prices Plunge

Harry Bradford | June 21, 2012 | Business
There might be an upside to the eurozone crisis after all. And that upside is a genuine castle of your very own. Property values in the eurozone have fallen as much as 30 percent, making some of the continent’s most stunning and decadent estates just kind of...

College Presidents' Job Security In Danger As Officials Slash Budgets, Demand Reforms

Tyler Kingkade | June 25, 2012 | College
NEW YORK -- It’s a rough time to be running a public university. Teresa Sullivan's sudden removal as president of the University of Virginia, and the controversy around it, has grabbed national attention, yet it is hardly an isolated incident. Other large public universities where presidents have stepped...

Consumers Still Want To Switch Banks But Few Do So, Report Says

Catherine New | June 21, 2012 | Money
Have you ever paid slightly more in ATM fees just because you were too lazy to cross the street to visit a bank with cheaper rates? You're not alone. Americans are in love with convenience, even if it fosters resentment about the cost. Turns out a sizable chunk of Americans...

Chicago Gun Turn-In Will Trade Gift Cards For Weapons Saturday (VIDEO)

Lizzie Schiffman | June 21, 2012 | Chicago
The Chicago Police Department will be accepting guns at 23 churches across the city Saturday, no questions asked, in an effort to reduce the number of weapons in circulation across Chicago. Organized by the city, the CPD's Chicago Alternative Policing Strategy and several faith- and community-based non-violence groups, the Gun...

10 States With The Highest Income Taxes Per Capita

Bonnie Kavoussi | June 21, 2012 | Money
We all know that sinking feeling when you realize how much of your paycheck is being deducted for taxes. And if you live in New York, our greatest sympathies go out to you. According to a new report by the Tax Foundation, New York collected on average $1,796...

Patricia Smith Sentenced To 78 Months After Embezzling More Than $10 Million

Alicia Ciccone | June 21, 2012 | Money
An annual salary of $53,000 evidently wasn't enough for one Pittsburgh-area woman, so she embezzled more than $10 million from the Acura dealership where she worked, according to federal prosecutors. Patricia Smith, 58, pleaded guilty to a wire fraud charge after embezzling millions through fraudulent record keeping...

U.S. Health Insurers To Pay $1.1 Billion In Rebates

Maxwell Strachan | August 21, 2012 | Business
* Rebates from plans covering 12.8 million beneficiaries * No word on how many would receive direct payments * Plans covering 67 million people met new reform standard By David Morgan WASHINGTON, June 21 (Reuters) - U.S. health insurance companies are due to pay out $1.1 billion in rebates to...

Violence Costs Chicago $5.3 Billion Annually, Study Finds

Lizzie Schiffman | June 21, 2012 | Chicago
A Center for American Progress study tracing the costs of violent crime found that Chicago loses $5.3 billion to the literal and intangible costs of violence. The case study, titled "The Economic Benefits of Reducing Violent Crime," examined data from eight U.S. cities to determine the...

Mary Cate Jones, 78, To Keep Tennessee Home Thanks To Generous Donors

Eleanor Goldberg | June 21, 2012 | Impact
Mary Cate Jones can finally rest easy in the home she built with her late husband 56 years ago. For the past two months, the 78-year-old widow has been heartbroken, packing up her Strawberry Plains, Tenn., house that had been foreclosed on, ABC News reports. After Jones's...
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