Here is a lesson for all of us

Earlier this week, Payless Shoesource, a company that is just emerging from bankruptcy, with nothing to lose, pulled off a reverse of a bait-and-switch operation in an event held in Santa Monica, California. Payless took over a former Armani store, renamed the retail...

Here come the fat bonuses once again

Earlier this week, Merrill Lynch announced that it is nixing a ban on charging commissions in retirement accounts, marking a reversal for the Wall street brokerage that just a few years ago said fee-based services are better for clients. It is now clear that the...

Going Bankrupt!

Social Security has been a financial foundation that millions of retirees simply couldn’t do without. More than three out of every five retirees count on the program for at least half of their monthly income. But this guaranteed payout is in some serious trouble...

Which one of you did not get a scholarship?

In an article earlier this week in the Wall Street Journal, it was revealed that hundreds of colleges and universities are using scholarships and merit based financial aid as tool to attract students to their programs. At Tulane University in New Orleans, 39% of...

Raising or Lowering Fees..what is it?

Earlier this week, Fidelity Investments announced that it is overhauling what it charges affluent clients for financial advice. Some new customers will pay less than they would today and some will pay more, according to regulatory filings. Current Fidelity customers...

Will the rollercoaster ride end?

The U.S. stock market plunged Monday, with the Dow Jones falling nearly 1,600 points at one point, the biggest single day drop in its history. It then turned around and regained 567 points on Tuesday. The whipsawing continued for the rest of the week. At the close on...
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