Whenever there is a national scandal, assassination, security breach, news of corporate corruption, or financial debacle, the go-to remedy for these societal and economic shocks is to conduct an investigation. This is the government’s typical reaction to events it let happen or did not want to, or
Here is why the U.S> political system became so corrupt, and how it got a corrupt businessman elected president of the U.S.
How bad is the wealth disparity in the U.S.? This chart should help explain it.
What happens when you are retired, bored with playing cards or golf, and going for coffee, but you have an active mind and remember your previous professional life when you had an involved rewarding career. During your decades-long career, you saw some transactions or met clients who
“Justice delayed is justice denied.” –William Gladstone (1809-1898) American voters have short memories, but most remember that executives who headed the nation’s major financial and mortgage firms that led to the 2008 real estate crash the subsequent eight-year-long recession were never prosecuted for their criminal derelictions
Political commentators and the financial media are breathless over the latest economic numbers showing the lowest jobless rate in 49 years, but there is a big problem: These are quarterly, short-term numbers, and they do not indicate the financial health of the average American. If they
When something very newsworthy happens, people are re-awakened. That happened when Trump was elected. It has been downhill ever since. Since Trump’s election, Americans have been exposed to a lifestyle of the sociopathic, unrepentant and venal. Worse, too many Americans now see this as the new
JP Morgan CEO Jamie Dimon (salary: about $21 million annually) knows a lot about banking, but not much about how average people manage their finances, including a minimum wage teller who works for his bank. In this interesting video exchange, Dimon is dumbfounded when asked how
A new survey from the Insured Retirement Institute (IRI) found that 55% of Baby Boomers had retirement savings today. In 2011, the study found that 75% of Boomers had retirement savings. Worse, among this current group, 50% have less than $250,000 in retirement accounts. Depressing surveys
In a single week in March 2019, Americans were treated to an unprecedented college admission bribery scandal, the lenient sentencing of Trump’s campaign manager on tax evasion, and Republican plans to cut the pensions of thousands of federal employees, accompanied by proposed decreases in Medicare and Medicaid budgets. These