Tag: monetary policy
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Creating Money-Savvy Kids in a Risky World
Identity thievery, credit card abuse and the collapse of banks are a part of today’s financial world. But many parents may still be thinking that teaching kids about money consists of giving them an allowance and a savings account where they can watch it grow. Raising children who can survive and even thrive and build…
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The Bitcoin: Cyber Currency for Cyber Crime?
The Bitcoin is coming of age. That odd, bankless virtual currency that up till now ahs been largely the darling of computer geeks and financial rebels forging new digital marketplaces based on the Bitcoin now has a shady side, as the FBI seizes over three million of them in a massive cyber-drug raid. Not long…
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Tax Laws Drive Americans to Surrender Citizenship
For people in many places around the world, US citizenship is the ultimate dream. But now, record numbers of Americans are opting to give up that citizenship in favor of new connections abroad. Though the reasons vary, a change in US tax law leads the list of causes for the current spike in renunciations. In…
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5 Ways to Prevent Landlord-Tenant Conflicts
Just about everywhere in the country, landlord-tenant lawsuits are clogging – and backlogging – court dockets for issues small and large. The area of housing law boasts specialists in just these kinds of cases. The hot rental market is one of the key factors driving the housing recovery – but the often- adversarial relationship between…
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Power Companies Challenge Solar Incentives
Who owns the sun? Eco-friendly energy saving upgrades can save money and make properties more saleable – but according to some utility companies around the country, the fledgling solar panel industry also threatens their very existence. And they’re pushing to penalize property owners who opt for renewable energy upgrades and the credits and incentives that…
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House Republicans Propose a New PATH for Housing
The years after the massive hosing collapse of 2008 saw bill after bill purporting to protect the American home buyer from credit crises, bank abuse and lending policies. Now, as if the Dodd Frank Act and similar, smaller bills weren’t enough, Washington policy makers are once again tackling the sticky issue of reforming government home…
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The Litecoin: New Digital Currency Challenges the Bitcoin
Bitcoins have only been around for a few years, but they’re already starting to lose their edge and go mainstream. As Bitcoin stock trades first up, then down, along with concerns about porn site links hacked into Bitcoin code, the digital currency pioneer has acquired a rival. Enter the LItecoin, a new digital money with…
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More Legal Woes for Bank of America?
Will the Bank of America never learn? After a multibillion dollar settlement in the robosigning bank fraud scandal and ongoing court battles related to charges of skewing numbers reported to LIBOR, the bank so many love to hate is in trouble again, facing accusations of bad faith that could jeopardize yet another settlement in yet…
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When Good Debt Goes Bad: Gen Y’s Money Crunch
In a previous post, we took a look at why new and recent college graduates saddled with student loans are wary of taking on the traditional debts of adult life: car loans and mortgages. Now, new statistics on college graduation rates reveal that over half of those under 25 who finished college in 2011 with…
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Terrorism Insurance? Yes — Sometimes
The toll of events such as last week’s Boston Marathon bombings runs high. The cost of the two homemade pressure cooker bombs exploded at the Marathon? Less than $500, according to some estimates. The cost of closing down Boston? About $333 million per day. That’s including lost income and wages, the expenses of a massively…