Category: Economy

Millionaires Are Doing Roth Conversions Before The Fiscal Cliff Hits, Should You Too?

Millionaires Are Doing Roth Conversions Before The Fiscal Cliff Hits, Should You Too?

   With tax hikes around the corner, one of the year-end tax moves in millionaires’ playbooks is converting a traditional individual retirement account into a Roth IRA. It’s a way to fight upcoming tax...

For Press-Shy Cerberus, Gun Industry Investment Brings Unwanted Attention

For Press-Shy Cerberus, Gun Industry Investment Brings Unwanted Attention

  Stephen Feinberg, co-founder of $20 billion private equity firm Cerberus Capital Management, likes to be invisible and hide religiously. “If anyone at Cerberus has his picture in the paper and a picture of...

Everyone’s Freaking Out Over Instagram Turning Users’ Photos Into Ads (Even Though Most Grams Are Already Ads)

Everyone’s Freaking Out Over Instagram Turning Users’ Photos Into Ads (Even Though Most Grams Are Already Ads)

Instagram comes up with a money filter Instagram is adding a monetization filter to its precious photo-sharing service. In a change to its privacy policy that has everyone in my Twitter feed freaking out,...

Thanks to Facebook, U.S. Paces Softer Global IPO Market

Thanks to Facebook, U.S. Paces Softer Global IPO Market

  It was a down year for initial public offerings in 2012, with global IPO issuance down 29.7% to $97 billion, but a social network’s May debut put the U.S. market on top of...

Why the Fiscal Cliff May Cost You $6,000 in 2013

Why the Fiscal Cliff May Cost You $6,000 in 2013

You can’t turn on the television or open a magazine these days without hearing the term “fiscal cliff.” The media is awash with reports of President Obama and Speaker Boehner’s negotiations over tax increases...

What Common Dream Jobs Actually Pay

What Common Dream Jobs Actually Pay

Last month my colleague Meghan Casserly laid out the most common career aspirations of U.S. professionals as children. She got the data from a LinkedIn survey, which asked 8,000 people what they wanted to be when they grew up....

Can the Federal Government Really Deter Insider Trading?

Can the Federal Government Really Deter Insider Trading?

It’s been two decades since Michael Milken, aka “the junk bond king,” was sentenced to ten years in prison following a blockbuster insider trading investigation that shined a light on bad Wall Street behavior...

As Washington Barrels Toward Fiscal Cliff, FOMC Should Freeze

As Washington Barrels Toward Fiscal Cliff, FOMC Should Freeze

Well, it looks like our leaders have chosen not to put a fence at the top of the fiscal cliff, but to count on an ambulance at the bottom to clean up the mess....

Move Over, Michigan, China Is The World’s Next Rust Belt

Move Over, Michigan, China Is The World’s Next Rust Belt

    Police cordon off a road near Foxconn’s plant in Taiyuan, China, in September after a brawl by as many as 2,000 employees injured 40 people. Labor issues are among the many factors...

Unemployment Aid Applications Drop to 370K

Unemployment Aid Applications Drop to 370K

The number of people seeking U.S. unemployment aid fell sharply last week as a temporary spike caused by Superstorm Sandy has faded. Weekly applications have fallen back to a level consistent with modest hiring....