Over the past few months there’s been a growing hue and cry over reports that some employers ask job applicants for their Facebook login and password information as part of the vetting process. They are hardly alone, though it’s not easy to know just who’s doing it and who’s not. But this is not new–some… Read More
At $1 trillion dollars, student loan debt has eclipsed credit card debt for the first time in American history. To make matters worse, come July 1 the interest rate on federally subsidized Stafford student loans will automatically double, from 3.4% to 6.8%, unless Congressional action is taken to extend the lower rate before then. Depending… Read More
I’ve always been a political junkie. Since my earliest days as an observer and later as a participant in all things electoral, the golden rule has not changed: Love thy neighbor’s wallet as though it were your own. Americans “vote their pocketbooks.” I have always accepted it as a truism–doesn’t everybody? Can’t you just hear… Read More
Even the farsighted Founding Fathers could not have foreseen this–the Fed is now on Twitter! Just think of the possibilities– one fine Friday any Fed functionary could foment a world crisis in 140 characters or less! It could be as simple as a typo. For example, the Fed’s second tweet was: ”Watch a video of… Read More
National Consumer Protection Week starts with you. What will you buy?
If a butterfly can flap its wings in Tokyo and cause a hurricane in Brazil, what is the effect of millions of consumers having to flap open their wallets at the pump more?
Opening my e-mail reminds me of walking through the bazaar of a third world open air market—the pickpockets are everywhere. In the last 30 days I have received spam purporting to be from the Better Business Bureau, the Internal Revenue Service, the United States post office, the FBI, and most recently (this morning) even one… Read More
Seven days, three seemingly disconnected announcements, and one subtle theme: what we have here is a failure to communicate… or more to the point, a failure to educate. America and much of the world is in the midst of financial literacy crisis that goes well beyond one’s ability to manage his or her own money…. Read More
I am a New Yorker. I am a Giants fan. They made my day last Sunday. Sorry, Gisele. Like over 100 million of you, I saw the Chrysler commercial and, for the record, Clint Eastwood made my day. Now, in the interest of full disclosure—my college flame was the granddaughter of a famous Chrysler design… Read More
Last week was a pretty good one for the notion of privacy in America, which has increasingly become forlorn and tattered as a result of the advancement of digital technology. First, the Supreme Court ruled in United States v. Jones that warrantless GPS tracking of a criminal suspect by the FBI was unconstitutional, and then… Read More