892 articles · page 25 of 45
Political commentators and the financial media are breathless over the latest economic numbers showing the lowest jobless rate in 49 years. Still, 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 had had a direct impact,…
The Democrats are fielding 20 presidential candidates, each with positions on critical issues ranging from job creation to dealing with the environment. However, underlying all their positions is a central issue to any democracy: How much corruption can the nation handle? Americans are suffering through the most corrupt presidential administration…
https://www.facebook.com/RickyJMarc/videos/2106776296251596/ Don’t Be A Sucker “For some, these are the words of an imploration to those that are otherwise gullible. Do not be fooled. Made in 1943, this film, produced by the U.S. Department of War, addresses the very real and damaging effects of racial, religious, and fraternal oppression, as well as the…
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 normal. All this has happened…
The concert was a success, but the audience had died. Trying to recapture any piece of your past is a futile activity. We can learn from our pasts, but it cannot be recreated. You will be disappointed if you try to recapture any part of your memories. That lesson was…
This is a copy of a document, believed to be original, found in a parking lot outside of a Sonics in suburban Alexandria, Virginia, near the special Naval Intelligence Agency. The document was written on the letterhead of the U.S. Special Counsel and was wrapped around a handful of used napkins. A…
JP Morgan CEO Jamie Dimon (salary: about $21 million annually) knows a lot about banking but not much about how ordinary people manage their finances, including a minimum wage teller who works for his bank. In this exciting video exchange, Dimon is dumbfounded when asked how to manage money on minimum…
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 about the how ill-prepared Americans…
Advisors have to become more transparent and offer a more inclusive financial and life plan, while investors say they are willing to pay for advice, as long as it is transparent and shows value. Those are some of the results in an April 2019 report in The Cerulli Edge—U.S. Asset…
April is financial literacy month and it comes at a time when the average American’s understanding about the basics of investing is declining. An October 2018 study by Alliance Bernstein (“Inside the Minds of Plan Participants”) found that only 9% of workers in 2018 surveyed were able to correctly answer eight…
Online banks that work directly with customers, as opposed to traditional branch banks, are becoming more popular among younger depositors, according to a new JD Power Survey. The survey found that “direct banks continue to significantly outperform traditional retail banks in overall customer satisfaction.” The survey found the top-rated banks are: Charles…
If you are one of the millions of investors who think they are getting more benefits by hiring a fund manager who trades in and out of the markets in the hope of beating a passive index, you are probably wasting your money. In numerous academic and real-world studies going back decades,…
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 sad events touched the power…
In a dramatic departure from its past, the nation’s most reactionary, conservative and largest business lobbying group is responding to changes in Washington and calling on Congress to work together and “govern from the center.” In an NPR radio interview today, the chairman of the U.S. Chamber of Commerce said it…
Some of the most significant financial institutions and trading firms on Wall Street are incorrigible. A decade after the 2008 market crash, some of Wall Street’s most significant trading firms continue to operate in the shadows, manipulate markets, launder money, and re-write the rules of swaps payments when they have the leverage…
A recent opinion piece in the Boston Globe elicited many responses in the Jewish community for its assertion that many Jews involved in the alt-right are willing participants in spreading white nationalist and even anti-Semitic propaganda, even if they claim they are not aware of it. Of course, this…
“I am running for president, but this won’t be easy. We’ll be taking on the entire financial establishment and a corporate media who have long dismissed us and our ideas as ‘radical’ and ‘fringe.’” –Bernie Sanders (Ind-VT) and Democratic Presidential Candidate Bernie Sanders is a clear, direct thinker and his statement above…
UPDATED, MARCH 14, 2019–In his announcement today saying he was entering the 2020 presidential race, Congressman Beto O’Rourke (D-Texas) dispelled his maverick image by saying he was a capitalist. In his announcement, O’Rourke, who has few legislative accomplishment to tout, said “”I’m a capitalist. I don’t see how we’re able to…
Saving for retirement is hard enough, but now, the big guys in the financial services industry continue to add more barriers to make it harder for average Americans to implement a successful retirement strategy. The latest examples include more lawsuits, regulatory challenges, and lobbying against adopting pro-investor advisory models that force…
