Colleen Ahern Zappos recently made big headlines for announcing that it would massively overhaul its business structure, doing away with job titles and formal bosses. This unusual system, known as “holacracy” is a real gamble for the online shoe retailer. The method has never actually been implemented at a company …
Read More »Millennials, It’s Time To Invest in Your Future
Colleen Ahern If you recently finished school and have landed your first serious job, you may think it’s a little early to start worrying about saving and investing your money. That couldn’t be farther from the truth. No matter how you look at it, the earlier you start saving, the …
Read More »The Best Investment Options in 2014
Frank Stafford Earlier this month, USA TODAY went inside Wall Street to glean some insightful financial information for the coming year from some of the nation’s top investment strategists/mangers. Called “USA TODAY’s Investment Roundtable”, the annual panel is an hours-long discussion about analysis and speculation concerning the markets in the …
Read More »American Culture Values Entrepreneurs over Family Businesses
In an October 2013 article, the Financial Times explored the way that American culture venerates the entrepreneur. Whether Steve Jobs, Jeff Bezos, Mark Zuckerberg, or other cultural-business icons, successful entrepreneurs are lauded as living the American dream and driving innovation in the economy. This elevation of entrepreneurs, however, may unfairly …
Read More »Colorado Voters May Change Flat Income Tax
Colorado residents currently pay an income tax of 4.63 percent. In contrast to the progressive income tax systems of the federal government and many states, Colorado has a “flat” income tax system, which means higher earners do not pay proportionately higher income tax rates. Voters of the state, however, may …
Read More »Raiding your retirement account to repay debt and avert the risk of filing bankruptcy
By: Trenton Fortes When you owe a mountain of credit card debt, is it better to file bankruptcy or take help of the professional debt relief options or raid your retirement fund? This is a million-dollar question asked by the debtors who are saddled with debt but yet don’t have …
Read More »Fed to Continue Buying Pace of Bonds to Prevent Disinflation
Low inflation was the topic of the Fed today as they announced that they will continue a vast bond-buying program to combat low inflation. Low inflation has the propensity to hamper a slowly recovering American economy. In an announcement that was made this week, the Fed has committed to purchasing …
Read More »Ford Motor Co. Showing Rebound After Big Recession Slump
The second quarter of 2013 has been immensely profitable for the Ford Motor Co. As a matter of fact, it’s been one of its most profitable quarters in corporate history. During the first six months of this year, the second largest automaker in the U.S. posted record profits. Ford Hauled …
Read More »Odd Financial Times: Man Mistakenly Credited $92 Quadrillion by Pay Pal
In an odd twist of financial news, a recent Pay Pal system error made a man in Pennsylvania one of the wealthiest men on the planet, albeit temporarily. In fact, for a period of approximately 120 seconds, he was the wealthiest man in the world by far—even wealthier than Mexican …
Read More »Barnes & Noble CEO Resigns Amid Dismal HD Nook Performances
As the gigantic book retailer Barnes & Noble bowed to the mighty fists of Amazon and Apple in the tweener tablet wars, CEO William Lynch has also bowed out of his executive position at the company as the corporation shifts its stance and begins to phase out the color Nook …
Read More »Positive Jobs Report Could Prompt Fed to Adjust Stimulus
A rather unexpected and hearty June jobs report by the U.S. government could actually motivate the Fed to halter stimulus bond-buying as soon as September, analysts say. Last month, more than 195,000 jobs were added in the nation. This places the average monthly figure for jobs added in 2013 to …
Read More »Pending Home Sales Highest in Six Years, NAR Says
Pending home sales were up more than 6.7 percent over this past month, the largest jump of previously owned homes for sale in more than six years, since the beginning of the Great Recession, according to the National Association of Realtors (NAR). As mortgage rates start to climb – in …
Read More »California Dreaming – Home Prices Highest in 33 Years, Realtors Say
According to a recent report by the California Association of Realtors, home prices in California are at the highest levels they’ve been in more than three decades. The report highlighted that during the month of May, the median selling price on single family residences was at an average of $417,350 …
Read More »Detroit to Creditors: We’ll Give You 10 Cents on the Dollar
The state-appointed emergency manager for the city of Detroit, Kevyn Orr, tasked with managing the city’s debt windfall alongside of a team of experts, has arrived at the conclusion for eradicating Detroit’s debt. The city recently stated that it was defaulting on more than $2.5 billion in debt, but made …
Read More »Fed to US: Recovery “Moderate,” “Measured” and “Modest”
According to a recent report that was issued by the U.S. Federal Reserve, economic recovery is considered to be on pace. The agency was certain to note that while recovery is coming along, that it’s at a snail’s pace, coining the current pattern as “moderate,” “modest” and “measured.” This comes …
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