Time for Financial Advisers to Get Political
The looming shutdown of the federal government is clearly not good for investors. Any shutdown is expected to cut fourth quarter GDP growth by as much as 1.4 percentage points as furloughed workers...
View ArticleWhat Happens When Banking Scandals Become Routine
Anyone who has ever spent time on an exchange’s trading floor goes through a progression of observations. First, any observer is awed at the commotion. There are the coats of different colors, the...
View ArticleIs the Financial Services Industry Inherently Unethical?
Two news items this week indicate that the financial services industry may be inherently unethical, yet the SEC has chosen to do little about it. SEC: No friend of investors That’s the conclusion...
View ArticlePlutocracy, Here We Come
Yesterday’s announcement that the U.S. Supreme Court increased the ability of wealthy donors to influence political campaigns and elections by raising the amount they can contribute to candidates...
View ArticleLewis Argument is Half Right: Financial Markets Are Rigged, But More From the...
The recent heated discussion about whether the equity markets are rigged should be a major concern to all investors, especially those in retirement, since it fundamentally affects their quality of life...
View ArticleBarclays Finally Cited for Being Rogue
Today marked a black day for Barclays Plc. as it was cited twice by British financial regulators for manipulating the price of gold on June 28, 2012 and a day after the bank was fined a record £290...
View ArticleCapital, Austerity, Alienation and Pensions
“To put it badly, there are two ways to become wealthy: to create wealth or to take it away from others. The former adds to society. The latter typically subtracts from it, for in the process of...
View ArticleHow Exotic Financial Strategies Created the Perfect Storm for the 2008 Recession
It is common knowledge that the 2008 recession was created by a meltdown which affected the housing market worldwide and resulted in the greatest recession and wealth destruction event since the Great...
View ArticleThe Marijuana Industry Should Become the Newest Gem in Social Investing
Social responsible investing (SRI) is defined as the investment process in which “investors weigh the social and financial returns they expect from an investment in different ways. They will often...
View ArticleMillenials Want Social Security Benefits to Remain At Current Levels, Pew...
While Social Security has become a political football in Washington, Americans still regard it as the corner stone of their retirement and are very concerned about it future financial health. The party...
View ArticleMoney and Race Help Too-Big-To-Fail Bank CEOs Escape Jail While Rap Artists...
Remy Ma goes to jail as bank CEOs go free The American justice system is clearly in trouble and here is a stark example of the gap between rich and poor, white and black, European vs. U.S. street...
View ArticleShould Marijuana Companies Be Structured As Benefit Corporations?
The marijuana industry is projected to produce $35 billion in revenues by 2020, according to Greenwave Advisors. So with this powerful revenue engine behind it, shouldn’t this transformational...
View ArticleHedge Funds Don’t Create Jobs–Revoke Carried Interest
Hedge funds, private equity and venture capital firms have failed both in performance and in their claims of creating jobs. As a result, the huge lobbying effort to gain preferential tax treatment...
View ArticleWhat the Daily Show Can Teach Financial Journalists
Yesterday’s announcement that comedian Jon Stewart, 52, is leaving the Daily Show after 17 years as host and writer marks a major turning point in comedy, but also in how news is presented. TV...
View ArticleWhat the Daily Show Can Teach Financial Journalists—Part 2
The Daily Show once again provides a great lesson for financial journalists The Daily Show’s great success with merging comedy and serious political and business coverage, while reaching a previously...
View ArticleFreelance Writers Beware: Don’t Confuse SEO Marketing With Journalism
Web Companies Prey on Freelance Contributors In response to a recent ad for a freelancer, I responded to an ad from a New York company. In return, I received this job solicitation which indicates...
View ArticleFed Watchers Silent Over Yellen Comments
In plain-English, Yellen says banking system is broken; Commentators and politicians suspiciously silent on her comments; Average Americans agree with Yellen. Welcome to 2015 America Fed...
View ArticleWhy FOX News and Media Matters Will Never Agree
Like the Hatfields and the McCoys, the relationship between the factual progressive, non-profit journalism accountability group Media Matters and FOX News is an ongoing feud over what has made serious...
View ArticleWill More Market Manipulation Probes Finally Get the Attention of Financial...
Too many financial professionals ignore the daily news and instead focus on their businesses. This is acceptable, except when the news directly impacts their industry and customers. When financial...
View ArticleWhat Would Adam Smith Say About Rand Paul’s Presidential Bid?
Libertarianism seems like a fresh alternative to the corporate Republican and Democratic parties, but this philosophy justifies greed, rampant individualism and isolationism. This is not a philosophy...
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