The near-collapse of the global financial sector in 2008 was our periodic reminder that banks that are “too big to fail” are a threat to the public. Now, seven years later, some action is being taken.
The Chinese stock market, which crashed spectacularly this summer and sent the entire world into a medium-grade financial panic, is now back in bull market territory again. Booming! Invest now, before it collapses again next year.
What would you say is a fair amount to pay a savvy, sophisticated hedge fund manager for taking a pile of your money and making it smaller?
Sometimes you may wonder, “Hey, are the rich getting richer... still?” My friend—they sure are. Very much so.
As CEO of Sprint, Marcelo Claure oversees more than 30,000 employees. He is not afraid to cut every spare dime of company spending (on them).
The higher education community is aghast today at news that no one expected to hear: a dumb idiot in an unlikely position of power has proposed a stupid regressive anti-intellectual idea—in Florida.
Even in ideal conditions, it is not easy making a living as a freelance writer. It is much harder when the places you write for don’t pay you promptly. That’s where we come in.
Otha Anders, 73, of Ruston, Louisiana, recently cashed in 45 years worth of collected pennies, netting himself $5,136.14—meager payment for a lifetime spent being driven slowly insane by the pursuit of pennies.
“The rationale for human advisers paying high fees is the expectation of earning greater net returns than one’s peers over time. Yet research shows that the opposite is true,” says a new study. “There is no supportive justification for owning high-fee funds.”
Very rich people sometimes make very large donations to educational or cultural institutions. In return, they ask for their names to be plastered atop buildings. These donations have no moral worth.
Amid all of the loud political arguments about taxes, inequality, and the size of government, it is important to keep in mind this overarching fact: having our government push wealth from the rich to the poor is a very good idea.
In 2008, the global economy collapsed. But ever since bottoming out in 2009, we’ve been on a gangbusters recovery. Is it all going to come to an end soon? See for yourself.
ATM fees now are very, very, very expensive. Very expensive.
Hedge fund managers tend to be secretive. Except for Anthony Scaramucci.
As bond prices “flash caution signals about the broader economy,” Goldman Sachs warns of a “major move” in stock prices, and investor pessimism reaches a 15-year high, we are here to remind you: EVERYTHING IS FINE.
Cool Pope “Francis” (a pseudonym) has said some things in the past that could be interpreted as less than completely enthusiastic about the predations of unrestrained capitalism. That bastard. The plutocrats will show him he’s wrong—the capitalist way!
Oh here is a good personal finance story for 20-something citizens: “If You Have Savings In Your 20s, You’re Doing Something Wrong.”
You may love your job. You may love your boss. But if your boss has a problem with you getting the money you deserve, then the friendly boss is not your friend.
After the biggest drop since the Great Recession on Monday, U.S. stocks today posted their biggest gain in four years, because the stock market is driven mainly by bullshit.
Joseph Stiglitz, a Nobel Prize-winning economist, is one of the world’s most influential thinkers in the battle against economic inequality. He’s trying hard to remain optimistic. But it ain’t easy.
