A plea to the banks: Do "give back" in philanthropy. But also, please: Give us back a financial system that we can trust. Less penance after the fact, more virtue before. It will make for better business and for honest philanthropy.
How often do you hear this: "If I leave the workforce, I'll be giving up $x in salary, which barely covers the babysitter's cost"? Rather than analyzing this based on a static point-in-time, it is more accurately thought of as a net present value calculation.
It came a lot faster than anyone predicted: Mobile banking is growing so quickly that it is even overtaking traditional online banking. It's quite possibly the most significant innovation across the industry since the ATM.
That's the one good thing you can say about what's going on in Detroit: It will hopefully motivate the politicians, employees and unions everywhere else to face reality and not believe the Tooth Fairy will somehow deposit the cash under their pillows.
considerable evidence suggests that mandatory disclosure can backfire, harming rather than helping the consumer. Consumers don't act on such information, and advisors -- feeling morally licensed by their righteous act -- actually become more biased in dispensing advice.
No matter how much you think that someone, anyone, must pay up, isn't this an example of not only government intimidation, but also of bad faith on the part of the same government that pushed these deals to fruition?
The S&P 500 is at an all-time high. It's up almost 8.5 percent since it closed April 30. I wonder how many investors achieved anything close to that increase in value in their personal holdings.
Here are some lessons you can learn from these recent events.
Especially in times of crises, those who succumb to Cramer's nonsense may find their retirement dreams seriously affected. For CNBC and Cramer, it's apparently of little concern, as long as those advertising revenues keep rolling in.
It takes up to seven years for a piece of negative information to be removed from your credit report. Even a single, innocent "late payment" to Saks can haunt you well into your adult life. Why this is is beyond me.
Trust is based on confidence. Confidence is predicated on experience and execution, so we must surmise that there is some critical failure of execution on the part of our institutions, the government and our banks, as the basis for the current sentiment.
Financial technology can save you money. Whether helping you avoid pesky fees, misleading subscriptions, or even just saving you time, a new wave of financial tools are gaining traction because, hey, who doesn't want to save money?