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America Needs a Rudyard Kipling

Sarwar Kashmeri | Posted 10.23.2012 | World
Sarwar Kashmeri

Perhaps what America needs as it continues on its neo-imperial journey is a Rudyard Kipling. In riveting poetry and prose Kipling brought the glory, the blood, the savagery, and the sacrifice of the common soldier home to Britons.

MoneyWatch: How To Avoid Getting Laid Off

CBS MoneyWatch | Ron Brown | Posted 10.18.2011 | Business

The first thing you need to do is assess your vulnerability to these cuts on several levels. The first one would be based on your own personal perform...

What Wall Street Thinks of Wall Street

Danny Groner | Posted 05.25.2011 | Entertainment
Danny Groner

With movie critics split on the film, here's a look at what Wall Street's real bankers -- and those who cover them -- had to say about the movie, its 1987 original, and the larger-than-life Gordon Gekko.

The trouble with retirement planning calculators

Mark Miller | Posted 05.25.2011 | Business
Mark Miller

How much do you need to save for retirement? You can get an idea by using any of the dozens of retirement calculator tools offered for free on the Internet. But a recent study on retirement forecasting shows that many popular calculators have serious flaws. Here's a rundown of the key things to look out for.

Obama Wants to Steal Your 401(k)! And Why That May Be a Good Idea

Eric Schurenberg | Posted 05.25.2011 | Business
Eric Schurenberg

You'd think the stock market's 25% drop from its 2007 peak, not to mention the suspension of matching contributions at scores of 401(k) sponsors, was apocalyptic enough to keep the conspiracy theorists busy. But apparently not.

Feds' Decision to Boot Medicare Drug Plan, A Good Start

Mark Miller | Posted 05.25.2011 | Business
Mark Miller

The Federal government ejected a big insurance company from the Medicare prescription drug program today--an unprecedented move and a shot in the arm for health care reform advocates.

Does the Senate Bill Hurt Retirees?

Eric Schurenberg | Posted 05.25.2011 | Politics
Eric Schurenberg

The Senate bill is all but certain to be approved, but the question has been raised: Does reform make things worse for retirees?

Economic Recovery? History Says No Way. Not Yet.

Eric Schurenberg | Posted 05.25.2011 | Business
Eric Schurenberg

Both the boom and its panicky finale fit neatly into a long, human tradition of greed, self-deception and financial folly. We're human. We can't help it. Sigh.

What Has Financial Innovation Ever Done for You?

Eric Schurenberg | Posted 05.25.2011 | Business
Eric Schurenberg

Most financial innovations for consumers tend to be ways to fatten profits for financial service providers by rendering simple products more complicated. They usually only cater to fear and greed.

China's Boom: The Sure Thing Not to Bet On in 2010

Eric Schurenberg | Posted 05.25.2011 | Business
Eric Schurenberg

If it's so clear that this is China's year, how are you going to make money betting on it? What's obvious to you is also obvious to everyone with a 401(k) account.

Now Time Magazine Blasts the 401(k)

Eric Schurenberg | Posted 05.25.2011 | Media
Eric Schurenberg

This week's Time Magazine cover story looks at the nation's de facto retirement program, the ubiquitous 401(k), and pronounces it inadequate. Welcome to the club.

Are We in Another Bubble?

Eric Schurenberg | Posted 05.25.2011 | Business
Eric Schurenberg

While Nouriel Roubini believes we're finally pulling out of the current financial crisis, he says the next Big One will strike in six to 12 months.

Why China Is Dangerous for Your Money

Eric Schurenberg | Posted 05.25.2011 | Business
Eric Schurenberg

You don't quadruple loan volume during a recession by tightening lending standards. Loose lending leads to inflation or defaults or both. And if any country's banking system has too much of it, the end isn't pretty.