| Common Sense Junction |
| Financial & Miscellaneous Blogs |
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Student loans: Hit a bull's-eye with your FAFSA
→ Latest financial news - CNNMoney.com | 6 Feb 2012 | 3:23 pm MST
If you have a child headed off to college this fall, you've got an important item on your to-do list: the Free Application for Federal Student Aid (FAFSA), which you can submit as early as Jan. 1.
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Nabors Ex-CEO Waives Claim
→ WSJ.com: What's News US | 6 Feb 2012 | 3:23 pm MST
Eugene Isenberg agreed to relinquish his right to a $100 million termination payment that was triggered when oil driller Nabors Industries replaced him as CEO while keeping him on as chairman.
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Greece to Cut Public-Sector Jobs
→ WSJ.com: What's News US | 6 Feb 2012 | 3:22 pm MST
Greece has agreed to lay off 15,000 public-sector workers by the end of 2012, as international pressure mounts on Athens to agree on austerity measures needed to secure major new debt agreements.
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Corporate profits aren't what they seem
→ Business & Finance News - Yahoo! Finance | 6 Feb 2012 | 3:21 pm MST
Is the great profit engine of corporate America running out of steam?While other parts of the economy struggled the past two years, large companies managed to rack up higher profits quarter after quarter. ...
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Humana's Net Jumps 86%
→ WSJ.com: What's News US | 6 Feb 2012 | 3:15 pm MST
Humana's earnings surged 86% as the health insurer continued to benefit from membership growth and light use of health benefits.
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Top senators question Pentagon move on fighter jet
→ Business & Finance News - Yahoo! Finance | 6 Feb 2012 | 3:12 pm MST
The leaders of the Senate Armed Services Committee suggested on Monday that Defense Secretary Leon Panetta rushed a decision to develop the Marine Corps version of the next-generation strike fighter jet ...
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After Hours: Coinstar shares rally, Yum climbs in after-hours
→ MarketWatch.com - Top Stories | 6 Feb 2012 | 3:09 pm MST
Better-than-expected quarterly results from Coinstar and the fast-food chain operator help push each of the company’s shares higher Monday evening.
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Earnings Watch: Updates, advisories and surprises
→ MarketWatch.com - Top Stories | 6 Feb 2012 | 3:01 pm MST
A roundup of the latest corporate earnings reports and what companies are saying about future quarters.
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NewsWatch: Gold falls on dollar strength, lower stocks
→ MarketWatch.com - Top Stories | 6 Feb 2012 | 3:00 pm MST
Gold futures decline, with prices pulling back by as much as $26 an ounce as strength in the U.S. dollar dampened interest in metals and problems in Greece fail to ignite safe-haven buying in the metal.
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Market Snapshot: U.S. stocks drop as Greece struggles for accord
→ MarketWatch.com - Top Stories | 6 Feb 2012 | 2:53 pm MST
U.S. stocks retreat from multi-year highs Monday as Greece struggled for an agreement on spending cuts needed to ensure another round of rescue funds.
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Markets cautious as Greek talks drag on
→ Business & Finance News - Yahoo! Finance | 6 Feb 2012 | 2:53 pm MST
Markets were in a cautious mood on Monday as talks dragged on between Greek political leaders over a fresh austerity package that is required if the debt-ridden country is to get a crucial bailout package.Even ...
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Stocks slip on Wall Street as Greek talks drag on
→ Business & Finance News - Yahoo! Finance | 6 Feb 2012 | 2:46 pm MST
Stock indexes closed slightly lower Monday as talks dragged on between Greek political leaders over a fresh cost-cutting package required for the country to get more bailout loans.President Nicolas Sarkozy ...
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Greece says lender talks 'tough'
→ BBC News - Business | 6 Feb 2012 | 2:44 pm MST
Greece holds further talks with its international lenders, as the debate on more austerity measures continues.
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Financial Stocks: Financials retreat as Greece talks drag on
→ MarketWatch.com - Top Stories | 6 Feb 2012 | 2:43 pm MST
U.S. financial stocks retreat on Monday as a decent earnings season faded into the background and investors focus again on seemingly endless talks to resolve the Greek debt crisis.
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Movers & Shakers: Monday’s biggest gaining and declining stocks
→ MarketWatch.com - Top Stories | 6 Feb 2012 | 2:40 pm MST
MarketWatch’s daily rundown of shares making sizable moves in the U.S. stock market.
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Thomas Robinson from Kansas Wins StatSheet NCAA Player of the Week - February 6th, 2012
→ Top Stories in the Blogosphere | 6 Feb 2012 | 2:40 pm MST
With a solid performance that included going up against the #4 team in the nation, Thomas Robinson, a 6-9 junior from Kansas, has been selected StatSheet NCAA Player of the Week.
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Yum Brands posts 30 percent 4th-qtr profit rise
→ Business & Finance News - Yahoo! Finance | 6 Feb 2012 | 2:38 pm MST
The owner of the Pizza Hut, Taco Bell and KFC chains says its fourth-quarter profit rose 30 percent, thanks to its fast-growing overseas operations and to a strong showing from Pizza Hut in the U.S.Yum ...
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Why hedge funds don't live up to their name
→ Reuters: Money | 6 Feb 2012 | 2:37 pm MST
(Reuters) - In theory, last year should have been a great time to be invested in a hedge fund. With markets gobsmacked by U.S. and euro zone crises, what better way to protect your money than to...
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Tech Stocks: Micron falls, Netflix edges up as techs cut losses
→ MarketWatch.com - Top Stories | 6 Feb 2012 | 2:35 pm MST
Technology sector closes mostly in the red due to fears about Greece’s ongoing debt crisis.
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HOW TO PLAY IT: Tapping the Super Bowl beer market
→ Reuters: Money | 6 Feb 2012 | 2:35 pm MST
(Reuters) - Beer and football: it's one of those perfect combinations, like peanut butter and chocolate.
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Stocks close lower amid Greece jitters
→ Latest financial news - CNNMoney.com | 6 Feb 2012 | 2:34 pm MST
U.S. stocks hovered below the breakeven line throughout the trading day Monday, as investors anxiously awaited a Greek government decision on budget cuts that are key to securing a second bailout and avoiding default.
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Verizon to set up streaming service with Redbox
→ Business & Finance News - Yahoo! Finance | 6 Feb 2012 | 2:27 pm MST
Phone company Verizon Communications Inc. will challenge Netflix and start a video streaming service this year with Redbox and its DVD rental kiosks.Verizon and Coinstar Inc., Redbox's parent company, ...
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Verizon, Redbox Plan Online Video Service
→ WSJ.com: What's News US | 6 Feb 2012 | 2:27 pm MST
Telecom company Verizon Communications and Redbox video-kiosk owner Coinstar said Monday they will launch an online service in the second half of the year featuring streaming videos and downloads.
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Wall Street Edges Lower After String of Gains
→ Business & Finance News - Yahoo! Finance | 6 Feb 2012 | 2:20 pm MST
Stocks edged lower on Monday as investors found little reason to extend a five-week rally.
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Earnings Outlook: Stronger dollar could trip up Coke profits
→ MarketWatch.com - Top Stories | 6 Feb 2012 | 2:18 pm MST
But because Coca-Cola does so much business overseas, currency fluctuations can lead to big swings in operating income — something the company warned about at the time of its last earnings report.
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Blue Chips Fret Again Over Greece
→ WSJ.com: What's News US | 6 Feb 2012 | 2:16 pm MST
Stocks drifted lower, putting on hold five weeks of gains for the broader market, as investors shifted their focus to wrangling in Greece over fiscal austerity.
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Forex Volume Drops for First Time Since 2009
→ WSJ.com: What's News US | 6 Feb 2012 | 2:09 pm MST
Global foreign-exchange trading volume dropped for the first time since the financial crisis, according to data released Monday by four major central banks.
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Bond Report: Treasurys rise on concerns about Greece
→ MarketWatch.com - Top Stories | 6 Feb 2012 | 2:03 pm MST
Prices edge up in response to the lack of a political agreement in the debt-ridden nation to make reforms necessary to avoid default.
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Slide Show: Europe in grip of uncommon deep freeze
→ MarketWatch.com - Top Stories | 6 Feb 2012 | 2:02 pm MST
Slide show includes wintry images from typically temperate shores of the Black Sea to the north of England.
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Foreclosure deal: Closer, but not there yet
→ Latest financial news - CNNMoney.com | 6 Feb 2012 | 2:01 pm MST
States have until the close of the business day to agree to the latest draft deal aimed at relieving homeowners struggling with mortgages bigger than their home's value.
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MF Funds Missing Days Before Bankruptcy
→ WSJ.com: What's News US | 6 Feb 2012 | 1:53 pm MST
The trustee overseeing the liquidation of MF Global's brokerage said a shortfall of customer funds existed five days before the company failed, growing in size until it filed for bankruptcy protection.
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Bull Market Nerves: Should You Stay or Should You Go?
→ Business & Finance News - Yahoo! Finance | 6 Feb 2012 | 1:46 pm MST
With stocks sprinting to their best start in 25 years, it seems there is a lot of temptation to either jump on, or bail out when, in fact, neither is advisable.
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Stop The (Printing) Press!
→ The Daily Capitalist | 6 Feb 2012 | 1:42 pm MST
“FRED GOODWIN. Have the last laugh by donating a couple of million to the Tory party and receiving a life peerage.”
— From the Twitter feed of TWOP TWIPS.
[Goodwin is the former CEO of Royal Bank of Scotland, one of the UK's biggest banks, [...]
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Goldman Sachs Says 6 Energy, Tech Stocks Will Beat the Market
→ Business & Finance News - Yahoo! Finance | 6 Feb 2012 | 1:39 pm MST
The bank goes neutral on equities but says two industries will thrive.
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Why to Be Glad America Isn't Making TVs Anymore
→ DailyFinance.com | 6 Feb 2012 | 1:35 pm MST
Filed under: Technology, Google , Sony, Apple
"The Japanese consumer electronics industry is one of the most prominent industries in the world and is the world's largest electronics manufacturer ..." So begins the Wikipedia entry on the "electronics industry in Japan."
And you know what we should be saying to that? Good riddance. They can have it.
Despite all the complaining we used to hear in the 1980s about how Japan was "stealing American jobs" and "ruining American manufacturing" -- the same complaints we hear today about China --...Why to Be Glad America Isn't Making TVs Anymore originally appeared on DailyFinance.com on 2012-02-06T16:35:00Z.
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Tax reform in this election year: It's not likely
→ Business & Finance News - Yahoo! Finance | 6 Feb 2012 | 1:33 pm MST
Tax reform sounds like a good idea to lots of people, but where to start? Eliminate the popular deduction for home mortgages? End the write-off for charitable contributions? How about expanding the Social ...
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Brazil privatises airport running
→ BBC News - Business | 6 Feb 2012 | 1:32 pm MST
The Brazilian government privatises operations at three airports as part of moves to upgrade transport links ahead of the World Cup.
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Lazard Swings to Loss
→ WSJ.com: What's News US | 6 Feb 2012 | 1:28 pm MST
Lazard swung to a loss in the fourth quarter as the investment bank struggled with a slump in advisory revenue and higher-than-expected compensation costs despite slashing year-end bonuses.
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After Honda verdict, will consumers head to court?
→ Reuters: Money | 6 Feb 2012 | 1:28 pm MST
(Reuters) - Heather Peters' win in a Los Angeles small claims court against Honda Motor Co has all the makings of a David vs. Goliath battle, but some experts are skeptical it will spur angry...
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When your email is hacked, protect investments first
→ Reuters: Money | 6 Feb 2012 | 1:25 pm MST
(Reuters) - The first thing a lot of people do when they get hacked is worry that their Facebook friends are going to be annoyed. But before you send out an "I've been hacked" alert to the 500-or-so...
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Economix Blog: The Super Bowl and New York's Economy
→ NYT > Economy | 6 Feb 2012 | 1:20 pm MST
Economic research suggests that winning the Super Bowl improves the economy of the team's hometown, but only slightly.
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Cold Snap Could Put European Economies in the Deep Freeze
→ Business & Finance News - Yahoo! Finance | 6 Feb 2012 | 1:15 pm MST
If there's one thing Europe doesn't need, it's more drag on economic growth. Yet that's what it could be getting, with a dose of frigid weather.
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The Romney kids' $100 million trust fund
→ Latest financial news - CNNMoney.com | 6 Feb 2012 | 1:12 pm MST
Mitt Romney's five sons -- Matt, Tagg, Craig, Ben and Josh -- are sitting pretty with a trust fund worth $100 million.
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Greece on the brink
→ Latest financial news - CNNMoney.com | 6 Feb 2012 | 1:04 pm MST
Officials in Greece are under pressure to reach an agreement on a new bailout package, as the threat of a default hangs over the country.
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As Facebook grows up, it courts Madison Avenue
→ Reuters: Money | 6 Feb 2012 | 1:02 pm MST
(Reuters) - About a year ago, when it became clear that taking Facebook Inc public was a matter of when not if, Chief Operating Officer Sheryl Sandberg went out and poached Carolyn Everson, then...
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Tesco Delays Launch of U.K. Current Accounts
→ WSJ.com: What's News US | 6 Feb 2012 | 12:52 pm MST
U.K. supermarket giant cites difficulty for customers to switch banks for offering's pushback to 2013.
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Calif. and NY considering foreclosure-abuse deal
→ Business & Finance News - Yahoo! Finance | 6 Feb 2012 | 12:50 pm MST
California and New York were considering Monday whether to join most other states in backing a long-awaited settlement with banks over foreclosure abuses. The deal would require the five largest mortgage ...
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VIDEO: Chinese airlines 'to shun EU tax'
→ BBC News - Business | 6 Feb 2012 | 12:45 pm MST
Beijing has banned Chinese airlines from taking part in the EU's Emissions Trading Scheme (ETS), aimed at cutting carbon emissions.
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Greeks Delay Bailout Talks As Merkel Demands Action
→ Business & Finance News - Yahoo! Finance | 6 Feb 2012 | 12:44 pm MST
German Chancellor Angela Merkel told Greece on Monday to make up its mind fast on accepting the painful terms for a new EU/IMF bailout.
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Gold Sinks As Greece Fails to Ignite Safe-Haven Buy
→ Business & Finance News - Yahoo! Finance | 6 Feb 2012 | 12:39 pm MST
Gold futures ended lower Monday, pressured by a rising dollar and moving alongside oil and U.S. stocks.
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Eli's coming: Super Bowl QB to cash in
→ Latest financial news - CNNMoney.com | 6 Feb 2012 | 12:33 pm MST
Eli Manning is heading to Disney World. Madison Avenue will be close behind.
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Your Unlimited Data Plan Isn't as Unlimited as You Think
→ DailyFinance.com | 6 Feb 2012 | 12:30 pm MST
Filed under: Technology, Netflix, Sprint Nextel Corp, AT&T, Verizon, Deutsche Telekom
Active smartphone users better get used to an ugly buzzword: throttling.
Back in October, AT&T (T) began slowing down its most voracious data users. Wireless customers on unlimited plans who find themselves among the top 5% of bandwidth hogs are being advised that their online speeds will be dramatically reduced for the balance of their current billing cycles.
This, in a nutshell, is throttling.
Other companies offering "unlimited" plans have resorted to throttling in the past to keep...Your Unlimited Data Plan Isn't as Unlimited as You Think originally appeared on DailyFinance.com on 2012-02-06T15:30:00Z.
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Hasbro's Net Edges Lower
→ WSJ.com: What's News US | 6 Feb 2012 | 12:26 pm MST
Hasbro's earnings slipped as the toy maker booked double-digit sales declines in the girls and games categories.
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Mortgage Tornado Warning, Unheeded
→ NYT > Economy | 6 Feb 2012 | 12:21 pm MST
Inspired by a personal experience, a businessman began delving into the practices of the mortgage industry, including Fannie Mae. His findings have been prescient.
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Gers Whyte may have lied to court
→ BBC News - Business | 6 Feb 2012 | 12:20 pm MST
BBC Scotland uncovers evidence which suggests Rangers owner Craig Whyte may have lied in court.
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Greece caves in on civil service firings
→ Business & Finance News - Yahoo! Finance | 6 Feb 2012 | 12:15 pm MST
Greece's coalition government on Monday caved in to demands to cut civil service jobs, announcing 15,000 positions would go this year, amid mounting international pressure to agree on austerity measures ...
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Fair Game: An Investment Wipeout That Didn’t Have to Happen
→ NYT > Economy | 6 Feb 2012 | 12:06 pm MST
An investor won an arbitration case over money lost in a complex security. But he’s still angry at financial institutions.
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BofA Ends Sale of MBNA Europe
→ WSJ.com: What's News US | 6 Feb 2012 | 11:25 am MST
Bank of America has abandoned the sale of MBNA Europe, the bank's credit-card business in the U.K. and Ireland.
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A 'Devil Wears Prada' Take on the Wall Street Boy's Club
→ DailyFinance.com | 6 Feb 2012 | 11:25 am MST
Filed under: Books
Like many people working on Wall Street, Erin Duffy was laid off during the recession.
"I guess I saw it coming," Duffy says of her August 2008 pink slip from Merrill Lynch, "in that they were obviously firing lots of people, so no one had any job security at that point."
But there was an unexpected upside to the layoff: Unemployment gave Duffy time to write a novel. She churned out 700 pages in eight months. "It was like really cheap therapy," she says. "I did it to keep myself sane."
Her...A 'Devil Wears Prada' Take on the Wall Street Boy's Club originally appeared on DailyFinance.com on 2012-02-06T14:25:00Z.
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Gas price rises as freeze bites
→ BBC News - Business | 6 Feb 2012 | 11:21 am MST
The price of gas in the UK hits its highest level for five years as below-freezing temperatures lead to a surge in demand across Europe.
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Suzuki's Net Falls 4.7%
→ WSJ.com: What's News US | 6 Feb 2012 | 11:03 am MST
Suzuki Motor said net profit for the first nine months of its fiscal year fell 4.7%, squeezed by the strong yen and slumping sales in India.
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We're number one, says U.S. Postal Service
→ Latest financial news - CNNMoney.com | 6 Feb 2012 | 11:01 am MST
Despite its financial difficulties and relatively heavy work load, the U.S. Postal Service has been declared the finest in the world by a British study.
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Mining Deals to Pile Up
→ WSJ.com: What's News US | 6 Feb 2012 | 10:38 am MST
A Glencore-Xstrata merger would create a true rival to global mining heavyweights and pressure midsize players to either team up or grow through acquisitions.
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Threatened witness fails to appear, delays Jordan Brown armed robbery hearing
→ Top Stories in the Blogosphere | 6 Feb 2012 | 10:35 am MST
A possibly intimidated witness failed to appear at a court hearing Monday for accused armed robber Jordan Tyrell Brown , leading to another postponement of Brown's hearing and a warrant for the witness's arrest.
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Analysis: Euro zone strugglers lack innovative knack
→ Reuters: Money | 6 Feb 2012 | 10:29 am MST
LONDON (Reuters) - To get an idea of the economic mountain euro zone strugglers Greece and Portugal have to climb, consider this: per million inhabitants, they each filed fewer than eight...
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This is NOT a tech bubble
→ Latest financial news - CNNMoney.com | 6 Feb 2012 | 10:21 am MST
The Nasdaq is at its highest level since the end of 2000. Highly speculative companies like Netflix and Zynga are soaring, and investors are salivating about possibly paying 100 times earnings for Facebook when it goes public.
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Credit where it's due
→ BBC News - Business | 6 Feb 2012 | 10:14 am MST
Would Scotland inherit the UK's triple-A rating?
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Adelson Cashes In on Sands Turnaround
→ WSJ.com: What's News US | 6 Feb 2012 | 9:52 am MST
A financial turnaround at Las Vegas Sands Corp. is beginning to pay off for chairman and CEO Sheldon Adelson, who during the financial crisis put $1 billion of his own money into the struggling casino operator.
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House prices 'up 0.6% in January'
→ BBC News - Business | 6 Feb 2012 | 9:43 am MST
UK house prices increased by 0.6% in January, according to the latest survey from the Halifax.
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China loosens grip on yuan
→ BBC News - Business | 6 Feb 2012 | 9:35 am MST
Foreigners allowed to invest directly using yuans
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Chrysler is king of the Super Bowl spots
→ Latest financial news - CNNMoney.com | 6 Feb 2012 | 9:31 am MST
Once again, Chrysler's Super Bowl ad won the hearts and minds of football fans, this time with a little help from Clint Eastwood and, of course, Detroit.
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Ford cries foul on Chevy 'apocalypse' ad
→ Latest financial news - CNNMoney.com | 6 Feb 2012 | 9:24 am MST
General Motors ignored a request from Ford Motor Co. and ran a humorous Chevrolet truck ad during the Super Bowl that takes a slap at Ford.
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Verizon and Redbox team up to battle Netflix
→ Latest financial news - CNNMoney.com | 6 Feb 2012 | 9:19 am MST
Verizon and DVD kiosk company Redbox said Monday that they're teaming up on a streaming video partnership, a move that puts Netflix squarely in their crosshairs.
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IMF Urges Beijing to Ready Bold Moves
→ WSJ.com: What's News US | 6 Feb 2012 | 9:08 am MST
The International Monetary Fund urged China to run a federal deficit of 2% of GDP rather than looking to reduce the country's deficit as planned, given the uncertainty in the global economy.
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Obama vs. Reagan: A tale of two recoveries
→ Latest financial news - CNNMoney.com | 6 Feb 2012 | 8:41 am MST
Faced with a strong jobs report Friday, Republicans tried out a new rhetorical message: This isn't a disaster, but Ronald Reagan could have done better.
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Network Rail boss forgoes bonus
→ BBC News - Business | 6 Feb 2012 | 8:39 am MST
Network Rail bosses, including chief executive Sir David Higgins, say they will not accept bonuses this year amid growing political pressure.
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VIDEO: Greece restarts debt crisis talks
→ BBC News - Business | 6 Feb 2012 | 8:37 am MST
The BBC's Aaron Heslehurst on the resumption of Greece's debt crisis talks and China's refusal to pay a new EU airline tax.
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5 Things to Watch This Week: Pop, Streams, Mickey Mouse, Wireless, and DVDs
→ DailyFinance.com | 6 Feb 2012 | 8:35 am MST
Filed under: Earnings, Coca-Cola Company, Netflix, Pepsico, Sprint Nextel Corp, Avis Budget Group, Walt Disney, Market News
There's never a dull moment on Wall Street, especially now that the market is hitting multiyear highs. Let's go over some of the news that will help shape the week that lies ahead.
1. Cola wars: Pop goes the world this week as both Coca-Cola (KO) and PepsiCo (PEP) crack open their quarterly results.
Coke comes first -- and not just in market share -- with its report tomorrow. The Pepsi pourer follows two days later.
It's not just about carbonated fizz for either company. Both have broadened...5 Things to Watch This Week: Pop, Streams, Mickey Mouse, Wireless, and DVDs originally appeared on DailyFinance.com on 2012-02-06T11:35:00Z.
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Citi wins OK for Chinese credit card
→ Latest financial news - CNNMoney.com | 6 Feb 2012 | 8:29 am MST
Citibank won approval to issue its own credit card in China, making it the first non-Asian bank to enter that market.
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ET, the new alien scaring global markets
→ Reuters: Money | 6 Feb 2012 | 8:06 am MST
(Reuters) - The United States is coming to be seen as a global threat, acting unilaterally with aggressive new market rules that critics say will hurt U.S. firms, foreign banks, and international...
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Swiss business lobby seeks U.S. restraint on banks
→ Reuters: Money | 6 Feb 2012 | 8:05 am MST
ZURICH (Reuters) - U.S. authorities should show restraint in a crackdown on banks accused of helping rich Americans dodge taxes, while indicting another bank could risk significant collateral damage,...
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Goldman's Blankfein endorses same-sex marriage
→ Latest financial news - CNNMoney.com | 6 Feb 2012 | 8:04 am MST
Goldman Sachs CEO Lloyd Blankfein has recorded a commercial endorsing the right to same-sex marriage, becoming one of the highest profile corporate executives to weigh in on the controversial campaign.
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Insight: Two firms flourish in frenzied MF Global aftermath
→ Reuters: Money | 6 Feb 2012 | 8:02 am MST
NEW YORK (Reuters) - The mad rush to move client money out of MF Global Inc. after its collapse left two firms with the bulk of customer accounts, while other brokerages emerged with only minor gains...
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Economix Blog: Marriage Is for Rich People
→ NYT > Economy | 6 Feb 2012 | 8:00 am MST
Dwindling marriage rates are concentrated among the poor -- the very people whose living standards would be most improved by having a second household income.
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P45 tax form is given a reprieve
→ BBC News - Business | 6 Feb 2012 | 7:55 am MST
The P45 has been given a reprieve by the UK tax authority after employers said they did not want to see it go.
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Redknapp 'one half of Odd Couple'
→ BBC News - Business | 6 Feb 2012 | 7:17 am MST
Harry Redknapp and former Portsmouth FC chairman Milan Mandaric were like "The Odd Couple", a court hears.
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Readers' Tips for Financial Renewal, Part 3: Investing for the Long Term
→ DailyFinance.com | 6 Feb 2012 | 7:15 am MST
Filed under: Investing, Investing Basics
A few weeks ago, we asked DailyFinance readers for their best tips for putting your financial house in order. Many offered advice on saving and careful spending, but the general consensus was that the best route to financial security lies in making your money work for you. And, ultimately, most agreed, that requires patience: While some suggested ways to achieve fast gains, most agreed that staying in the market for the long haul is the best way to ensure that you end up with a full bank...Readers' Tips for Financial Renewal, Part 3: Investing for the Long Term originally appeared on DailyFinance.com on 2012-02-06T10:15:00Z.
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House bill bans welfare spending at strip clubs
→ Latest financial news - CNNMoney.com | 6 Feb 2012 | 6:44 am MST
If welfare recipients want to dole out the dollar bills at a strip club, they'd better make sure it's not government money ... at least if a bill in Congress becomes law.
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mad men ad meme
→ Top Stories in the Blogosphere | 6 Feb 2012 | 6:26 am MST
Mad Men 's ad campaign that was announcing the show's start date on March 25 features the falling man from its opening credits on a white poster.
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AUDIO: Life as a manufacturing apprentice
→ BBC News - Business | 6 Feb 2012 | 6:18 am MST
Apprentices at a missile manufacturing firm told Radio 5 live what they like about the schemes and what they would change.
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Snow difficulties and your rights
→ BBC News - Business | 6 Feb 2012 | 5:33 am MST
Your rights if you are unable to reach work owing to snow and ice
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Scots 'locked out' on procurement
→ BBC News - Business | 6 Feb 2012 | 5:22 am MST
Scottish firms are being "locked out" of public procurement contracts worth hundreds of millions of pounds, a think-tank claims.
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Economix Blog: Nancy Folbre: Saluting Teamwork
→ NYT > Economy | 6 Feb 2012 | 4:00 am MST
Military leaders want their troops to be committed to one another and their mission rather than going after individual rewards -- and maybe there's a lesson in that for the rest of us, an economist writes.
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Savings Insecurity Is Growing: Share Your Stories
→ DailyFinance.com | 6 Feb 2012 | 3:30 am MST
Filed under: Personal Finance
The Los Angeles Times reports that more than three out of 10 Californians have too little in emergency savings, meaning they haven't set aside enough to get by for three months if they were to lose their jobs.
Exclude illiquid assets like houses, and that number -- 30.9% -- rises to an even more grim 43.1%, reports the nonprofit Corporation For Enterprise Development.
And California is hardly in the country's worst shape when it comes to economic cushions: The state ranks 39th out of 50 in...Savings Insecurity Is Growing: Share Your Stories originally appeared on DailyFinance.com on 2012-02-06T06:30:00Z.
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[CA] Not forgetting. Michelle King's life stolen in her police officer husband's murder-suicide
→ Top Stories in the Blogosphere | 6 Feb 2012 | 2:21 am MST
Not Forgetting. 11 years ago today - February 5th, 2001, Anaheim police officer Joseph Bailey fatally shot his wife Michelle King, who was a former Los Angeles police officer, then killed himself.
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Red5
→ Top Stories in the Blogosphere | 5 Feb 2012 | 10:11 pm MST
Here's one to gratuitously leave on screen when the other half stumbles across your laptop If they really love you, they might wonder why you were looking at www.red5.co.uk and actually take note.
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New York Giants defeat Bill Belichick-coached New England Patriots in ...
→ Top Stories in the Blogosphere | 5 Feb 2012 | 9:11 pm MST
The New York Giants rallied to win the 46th Super Bowl, 21-17, over the New England Patriots on Sunday night in Indianapolis.
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Gunmen publish Yemen president's photo by force
→ Top Stories in the Blogosphere | 5 Feb 2012 | 5:02 pm MST
Yemeni President Ali Abdullah Saleh waves to people protesting his presence in the United States as he exits his hotel in New York, Sunday, Feb.
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Gallup’s Spending and Jobs Survey Data Cast Doubt on the Strength of the Economic Recovery
→ The Daily Capitalist | 5 Feb 2012 | 2:22 pm MST
Gallup has put up a summary graph of consumer spending over the last few years. Happily, it begins with the tail end of the boom years.
This is not adjusted for price changes. Thus, when respondents reported $64 daily spending three Januarys ago and $63 this January, then three years of price [...]
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Pulaski man, 88, dies in senior apartment building fire
→ Top Stories in the Blogosphere | 5 Feb 2012 | 12:47 pm MST
Oswego County sheriff's deputies say they are investigating a fatal fire Sunday at a senior apartment building in Pulaski.
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StatSheet Projects Wagner as NIT Six Seed: 02/05/2012
→ Top Stories in the Blogosphere | 5 Feb 2012 | 8:28 am MST
StatSeed is StatSheet's postseason projections for all of Division I, including the NCAA Tournament, National Invitation Tournament , College Basketball Invitational , and the CollegeInsider.com Postseason Tournament .
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In search of a timid trapeze artist
→ Top Stories in the Blogosphere | 5 Feb 2012 | 4:13 am MST
And this is at the heart of what makes innovation work in organizations, why industries die, and how painful it is to try to maintain the status quo while also participating in a revolution.
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Tyree Smith in CT. Court
→ Top Stories in the Blogosphere | 4 Feb 2012 | 11:59 pm MST
"Tyree Smith in CT. Court" is categorized as "local". This video was licensed from Grab Networks.
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Economic View: Do Manufacturers Need Special Treatment? - Economic View
→ NYT > Economy | 4 Feb 2012 | 8:22 pm MST
Government manufacturing policies must go beyond the belief that it’s better to produce “real things” than services. People value health care and haircuts as much as washing machines and hair dryers.
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Genomic mapping by fingerprinting random clones: a mathematical analysis.
→ Top Stories in the Blogosphere | 4 Feb 2012 | 7:49 pm MST
To insert individual citation into a bibliography in a word-processor, select your preferred citation style below and drag-and-drop it into the document.
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Homeless Serial Killing Suspect to Be Charged With Six Murder Counts
→ Top Stories in the Blogosphere | 4 Feb 2012 | 3:35 pm MST
A California man accused of murdering four homeless people is now being charged with two additional murders - that of a woman who was stabbed more than 30 times, and her son, who was stabbed more than 60 times.
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The people in grey ...
→ Top Stories in the Blogosphere | 4 Feb 2012 | 11:25 am MST
For if it the case that the presence of the handicapped often improves morale, and even morality, is it not obvious that such a presence should be made obligatory, decreed by law? Will this not make the occasional the general, and thus add to the happiness of mankind? After all, not every manager is as charitable and imaginative as those of the ... (more)
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Since February 2011, mobile ad revenue grew by 522%
→ Top Stories in the Blogosphere | 4 Feb 2012 | 7:20 am MST
When it comes to mobile advertising, it is now difficult to find an ad-free free app on platforms like Android and iOS.
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DocComment: Competing With the Lower-End Brands the Old-Fashioned Way
→ The Daily Capitalist | 4 Feb 2012 | 6:40 am MST
The LA Times has a nice piece out titled Counterfeit Gap joins the counterfeit Gucci. Here’s the lede:
Mirabelle Vargas, 29, winds her way through the open-air stalls in downtown Los Angeles’ bustling Santee Alley, hunting for Victoria’s Secret underwear.
Or at least undies with a tag that says Victoria’s Secret.
An authentic pair [...]
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The Tricks to Maximizing the Cash-Back Card Payoff
→ DailyFinance.com | 4 Feb 2012 | 4:00 am MST
Filed under: JP Morgan Chase, Credit Cards
Savers love cash-back cards. Unlike rewards cards that grant points, cash-back cards return a fraction of what you spend in good old U.S. currency.
Used responsibly, cash-back cards effectively give cardholders a discount everything they buy. But for the less disciplined -- those who carry a balance, for example -- be warned: You'll probably pay more than you earn in cash-back bonuses.
Banks Want You to Slip Up
Many cash-back cards offer 0% introductory rates that last for six to 12 months...The Tricks to Maximizing the Cash-Back Card Payoff originally appeared on DailyFinance.com on 2012-02-04T07:00:00Z.
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Detroit's New Focus on Small Cars and Quality Pays Off
→ DailyFinance.com | 4 Feb 2012 | 3:00 am MST
Filed under: Honda Motor Co, Ford Motor Co, Toyota, General Motors, Autos
Not long ago, each time gas prices shot up and car buyers turned their attention to more fuel-efficient models, Ford (F) and the other Detroit automakers would get hammered.
Their strengths were in SUVs, big cars, and pickups -- in other words, gas-hogs. Buyers wanting good mpg numbers tended to look to the imports -- enough to make Toyota's (TM) Corolla and Honda's (HMC) Civic perennial best-sellers.
Meanwhile, the Detroit crew got by with small cars that weren't very good (or profitable)....Detroit's New Focus on Small Cars and Quality Pays Off originally appeared on DailyFinance.com on 2012-02-04T06:00:00Z.
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Factory Orders Rise, and Jobs Increase in Service Industries
→ NYT > Economy | 4 Feb 2012 | 12:36 am MST
Factory orders rose 1.1 percent in December, and the Institute for Supply Management said employment in the service sector rose.
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Unions Continue To Drive Themselves Out Of Business
→ The Daily Capitalist | 3 Feb 2012 | 11:39 pm MST
It is good news for Americans that labor union membership fell to an historic low in 2011—11.8% of the wage and salary workforce. There are now only 14.8 million union members in the U.S. “In 1983, the first year for which comparable union data are available, the union membership rate was 20.1% and there were 17.7 million union workers.” [...]
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January Jobs Report Reflects Hope a Recovery Is Blooming
→ NYT > Economy | 3 Feb 2012 | 11:34 pm MST
The front wheels have lifted off the runway. Now, Americans are waiting to see if the economy can truly get aloft.
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Off the Charts: A Long-Term Slide in Growth for Industrialized Economies
→ NYT > Economy | 3 Feb 2012 | 11:20 pm MST
The major developed countries are all experiencing slowdowns in growth, a trend the International Monetary Fund’s new projections indicate will continue.
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Stocks & Bonds: U.S. Jobs Report Gives Stocks a Lift
→ NYT > Economy | 3 Feb 2012 | 11:10 pm MST
The Dow industrials closed at the highest point since 2008, and the Nasdaq composite regained a level last seen in 2000.
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Common Sense: At 102%, His Tax Rate Takes the Cake - Common Sense
→ NYT > Economy | 3 Feb 2012 | 11:05 pm MST
In submissions of tax burdens from readers, James Ross, founder and managing member of the investment firm Rossrock, was on a perch all his own.
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Obama’s Magic Number May Be 150,000 Jobs Per Month
→ NYT > Economy | 3 Feb 2012 | 10:57 pm MST
With 243,000 jobs created in January, the economy is starting to look more positive. That might be a plus for the president in the November election.
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Feds Dismiss Case Against Lance
→ The Daily Capitalist | 3 Feb 2012 | 10:32 pm MST
After facing charge after charge from Floyd Landis and Tyler Hamilton, the investigation of Lance Armstrong by the Feds was dismissed without charges. Lance’s former teammates accused Lance of masterminding a doping campaign for the U.S. Postal Service team that he captained. Apparently the U.S. Anti-Doping Agency, the Olympics sanctioned organization that regulates the usage of performance enhancing drugs (PEDs) [...]
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Good News: The Financial Times Is Bearish On Gold
→ The Daily Capitalist | 3 Feb 2012 | 8:00 pm MST
The Financial Times is out with “reporting” titled Investors beware gold’s deceptive beauty. It suggests that some guys who stole a few million dollars worth of gold rush-era gold from a California courthouse this week have picked a top. By which the article makes clear, said proposed top is not a mere trading top but [...]
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Don't Forget Fido or Tiger on Valentine's Day
→ DailyFinance.com | 3 Feb 2012 | 8:00 pm MST
Filed under: Features
With Valentine's Day around the corner, pet owners aren't forgetting about the animals that supply them with unconditional love -- but they aren't going overboard, either: They'll spend an average of $4.52 each on their four-legged friends, according to figures released this week by the National Retail Federation.
Pet-related purchases will feed into the larger love pool of $17.6 billion that consumers are expected to shell out this year for Valentine's Day, according to the study. The average...Don't Forget Fido or Tiger on Valentine's Day originally appeared on DailyFinance.com on 2012-02-03T23:00:00Z.
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Nassim Taleb Supports Ron Paul
→ The Daily Capitalist | 3 Feb 2012 | 5:25 pm MST
This is attributed to Nassim Nicholas Taleb’s Facebook page. “The only person I trust is Ron Paul.”
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Does Improving Employment Point To A Recovery?
→ The Daily Capitalist | 3 Feb 2012 | 4:46 pm MST
Today is “Employment Situation” Day, when the BLS releases its monthly report on what the unemployment numbers are. Today showed a very positive report, with jobs growing by 257,000 in the private sector and the unemployment rate falling 0.2% to 8.3%. Good news indeed. Here is a picture of the situation:
Here are [...]
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U.S. Jobless Claims Decline
→ NYT > Economy | 3 Feb 2012 | 3:07 pm MST
Weekly unemployment applications fell 12,000 to a seasonally adjusted 367,000, while worker productivity rose, the government said.
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The Super Bowl of Counterfeiting: Scammers Run Their Own Play Fakes for the Big Game
→ DailyFinance.com | 3 Feb 2012 | 1:50 pm MST
Filed under: Crime
According to Homeland Security officials, the amount of counterfeit merchandise entering the United States is increasing, and the problem is especially acute in the lead-up to an event like the Super Bowl. For instance, federal agents recently seized more than $6 million of counterfeited goods and shut down more than 300 illegal websites in an action dubbed "Operation Fake Sweep." The 42,000 confiscated items include jerseys, hats and jackets.
In addition to looking authentic, the phony gear...The Super Bowl of Counterfeiting: Scammers Run Their Own Play Fakes for the Big Game originally appeared on DailyFinance.com on 2012-02-03T16:50:00Z.
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Economix Blog: Reader Response: Bible-nomics
→ NYT > Economy | 3 Feb 2012 | 1:35 pm MST
Readers respond to a post about anticapitalist sections of the bible with some other examples.
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Providence, R.I., Mayor Proposes Cuts to Avert Bankruptcy
→ NYT > Economy | 3 Feb 2012 | 12:36 pm MST
Mayor Angel Taveras said that without reduced city pensions and a switch to Medicare for retirees, Providence would run out of money in June.
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Why Your 2012 Tax Bill May Jump By $8,000
→ DailyFinance.com | 3 Feb 2012 | 11:45 am MST
Filed under: Taxes
From Mitt Romney to Warren Buffett, people are clamoring for fairer taxes. But thanks to yet another lapse by our lawmakers in Washington, more than 20 million taxpayers may pay a tax that was originally designed to hit only the ultra-rich -- and the increase could cost you as much as $8,000.
When it was first designed, the alternative minimum tax, or AMT, was meant to make taxes more fair. The idea behind the AMT was to make sure that rich people didn't use deductions to zero out their taxes...Why Your 2012 Tax Bill May Jump By $8,000 originally appeared on DailyFinance.com on 2012-02-03T14:45:00Z.
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Give Us Your Ideas for a Thoughtful -- and Frugal -- Valentine's Day
→ DailyFinance.com | 3 Feb 2012 | 11:25 am MST
Filed under: Personal Finance
Valentine's Day is coming, which means that tens of millions of husbands and boyfriends are getting ready to drop money on Whitman's samplers and overpay for red roses. But there are other options out there -- and we know that our faithful DailyFinance readers have explored at least a few of them.
According to the National Retail Federation, the average man will spend $168.74 this year, and the average woman just over $86. (Most of this money will go to buying jewelry, candy, flowers and...Give Us Your Ideas for a Thoughtful -- and Frugal -- Valentine's Day originally appeared on DailyFinance.com on 2012-02-03T14:25:00Z.
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Tax Doomsday Is Coming for Amazon
→ DailyFinance.com | 3 Feb 2012 | 9:23 am MST
Filed under: Technology, Amazon.com, Taxes, Retail
On Tuesday, Amazon.com (AMZN) shocked and dismayed its shareholders. Reporting earnings for the final quarter of 2011, Amazon admitted that despite 35% sales growth, profitability had headed in the entirely wrong direction. Operating profit margins got cut in half, while net profits were down 57%. The culprit: massive spending on a number of initiatives -- everything from building new warehouses, to subsidizing "Prime" membership, to selling Kindles at a loss -- which decimated the company's...Tax Doomsday Is Coming for Amazon originally appeared on DailyFinance.com on 2012-02-03T12:23:00Z.
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Wrecks to Riches: Hunting Sunken Treasures from Cape Cod to the Costa Concordia
→ DailyFinance.com | 3 Feb 2012 | 8:45 am MST
Filed under: Features
Off the coast of Massachusetts, and in the Mediterranean waters surrounding the Tuscan island of Giglio, treasure hunters are seeking sunken loot.
Greg Brooks of Gorham, Maine -- a founder of shipwreck recovery firm Sub Sea Research -- says he has located the underwater remains of a British merchant ship that was sunk off Cape Cod by a German submarine during World War II. According to Brooks, the wreck contains a cargo of platinum bars now worth more than $3 billion.
In Italy, meanwhile, the...Wrecks to Riches: Hunting Sunken Treasures from Cape Cod to the Costa Concordia originally appeared on DailyFinance.com on 2012-02-03T11:45:00Z.
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As Facebook Files for Its IPO, a Look Back
→ DailyFinance.com | 3 Feb 2012 | 7:50 am MST
Filed under: Technology, Investing, Facebook
It's hard to believe that Facebook has been around for less than eight years. Initially conceived as a way for Harvard students to socialize with each other, it rapidly transformed into the most influential online social network in the world, fundamentally changing the way hundreds of millions of people connect, relate to, and stalk each other.
On Thursday, the site that made it possible for you to reconnect with your third-grade girlfriend and unfriend your annoying cousin started its latest...As Facebook Files for Its IPO, a Look Back originally appeared on DailyFinance.com on 2012-02-03T10:50:00Z.
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KeithGram: Baltic Dry Index Is Telling Us Something
→ The Daily Capitalist | 2 Feb 2012 | 4:29 pm MST
The Baltic Dry Index tracks worldwide international shipping prices. At its peak in May, 2000, the index was over 11,700. Over the last month and a half it has plummeted from 1930 in mid-December to 662 as of Wednesday. This is a drop of 66%. The index now matches its multiyear low set in Dec 2008.
[...]
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Dow Chemical’s Q4 Results Make Me Wonder if the U.S. Was In Recession Last Quarter
→ The Daily Capitalist | 2 Feb 2012 | 6:53 am MST
Dow Chemical (DOW) reported its Q4 earnings today and helpfully provided supplementary, detailed information on how much of its sales came from volume changes vs. price changes. Since Dow is so large and diversified, it is a sort of proxy for the economy. Here are some highlights.
North American volume was down 4% year on [...]
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