27 Nov 2018

Trump’s Capitalism Goes on Trial

The bottom line is that the Mueller investigation is not only an indictment of Trump and his family, but of any entire economic system. No wonder people are looking for new economic alternatives.  Americans have developed an odd fascination with wealth. Most are not sure how vast amounts of money

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31 Oct 2018

Does Wall Street Have Something to Hide When It Comes To Social Security?

On Oct. 16, 2018, Republican Senate Majority leader Mitch McConnell said that due to an increase in the federal budget deficit, Republicans would have to reduce and alter some of the key provisions in Social Security and Medicare.  In his announcement, McConnell said the only way to reduce the record-high

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26 Oct 2018

Decline in Housing Sales Also Is Bad For Retirement Planning

Recent reports that younger people (aged 38 to 34) prefer to rent rather than to buy homes is not only bad for the $10 trillion housing industry, but it also is bad for retirement accounts. A new report by the Stanford Center on Longevity found that “the homeownership rate fell

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30 Sep 2018

Does Politics Have a Valid Role in Financial Services Marketing?

Traditional marketing theory and business practices have long said that politics and religion should be avoided in daily business practices at all costs. But the new reality is that politics is ever present.  It is now part of social relationships, dating, religion and business. It now being injected into most

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25 Sep 2018

Can Journalism Recover From the Trump Regime?

The combination of an overly corrupt presidency, headed by a mentally unstable president, combined with largely unaccountable 24 hour internet and cable TV commentaries has transformed American journalism beyond recognition. Traditional reporting, defined in the book Reporting for Journalists, (Chris Frost, 2003; London: Taylor & Francis) as “a duty to

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28 Aug 2018

College Students Get a Lesson in Corruption

Making tuition loans to college students is a huge business. Some $1.5 trillion in loans are outstanding to student borrowers and some of these loans have been flagged for being abusive in terms of bad disclosure or aggressive collection practices from loan servicers and debt collectors. College tuition debt now

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10 Aug 2018

More Fee Pressure on Advisors Raises Questions About the Value of Financial Advice

The recent decision by Fidelity Investment that it will not be charging any fees for certain index funds through its Fidelity Zero Total Market Index Fund for US stocks and the Fidelity Zero International Fund for stocks outside the U.S. raises some important questions for both advisors and investors. The main

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08 Aug 2018

Retirement News Worth Reading

Retirement and financial security are issues that are not often discussed by the general news media and most politicians (except Progressives), but these are major events affecting people worldwide. In the U.S., here are some retirement-related news events worth noting: Americans Not Saving Enough for Retirement; 40% Have Saved Nothing

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06 Aug 2018

Bankruptcies Increase Among Older Americans—What’s Next?

The level of bankruptcies affecting Americans aged 55 to 74 is increasing and it’s just another example of how poor retirement alternatives, rising health care expenses, combined with low savings levels are all making the retirement crisis even more dire. A new report by  the Consumer Bankruptcy Project found that

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18 Jul 2018

The Retirement Crisis Is Now Permanent: What It Means For Financial Planning

A new report from the Organisation for Economic Co-operation and Development (OECD) finds there is now “unprecedented wage stagnation” and despite a stronger economy with record low unemployment rates and a far-reaching and controversial tax cut, the average wages of American workers have not budged since the late-1970s when “the

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