The Federal Reserve yesterday announced new limits on bailouts of "too big to fail" financial institutions, bringing an end to the governments role of the indulgent parent, always ready to bail out mismanaged financial institutions. These new rules restrict unfettered government lending to banks...
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New procedures, new apps and new uses of big data are extending the ability of lenders to offer loans to people with little or no credit history, according to an article in today's Wall Street Journal. The latest breakthrough is the use of smartphone data to determine the creditworthiness of...
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Across the board, airlines and hotels are tightening the rules and requirements for loyalty programs, making it harder for most loyal customers to get the best bang for their buck. American Airlines is increasing the cost of international first-class award flights. Delta is making it harder for...
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Goldman Sachs is predicting that equities growth will stagnate throughout 2016, essentially replaying the flat performance that investors saw in 2015. In a report for its clients released this week, the firm's analysts say that the S&P 500 will end 2016 around 2,100, exactly where it looks to...
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A fascinating observation by the University of Michigan Transportation Research Institute (UMTRI) promises a peek into the future, a point in time when self-driving automatons solve all our transportation conflicts. While nearly 70 percent of American households currently need two cars or more,...
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Today's workplace is more competitive than ever. Excelling at your choice of career starts with gaining the skills you need to perform in a certain industry or function. Career planning, along with acquiring competitive interpersonal skills, will help you succeed where others fail. Use this guide...
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Guess how many "alpine ski areas with lifts" the United States alone has. How does the number 427 strike you? Yes, between all our different regions and states, we have over 400 mountain spots where we can strap on skis for a downhill flight. Bring our good neighbor to the north into the picture,...
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The Federal Reserve Board met on Monday and approved new rules outlining its procedures for emergency lending in case of a financial crisis. Since the passage of the Dodd-Frank Act in 2010, the Federal Reserve Board has been limited in its ability to make emergency loans to particular firms....
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121 million consumers plan to shop online today, according to the Cyber Monday Expectations Survey conducted by the National Retail Federation (NRF), down from nearly 127 million last year. Online shopping on Cyber Monday peaked in 2013, when 54.8% of respondents said they would spend part of the...
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In an interview in today's Wall Street Journal, behavioral economist Richard Thaler urges employees to increase their retirements savings so that they can build nest eggs large enough to last the rest of their years. Thaler expressed deep misgivings about the number of workers who fail to save a...
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