Category: Personal Finance

Takeover Turmoil: Problems Pile Up For The Bank of America


16 September 2011.

In 2008, the Bank of America (BoA) purchased Countrywide Financial for US$4 billion. However, in the aftermath of the housing bubble bust, the purchase of Countrywide has already brought losses in excess of US$30 billion to BoA – forcing BoA’s CEO, Brian Moynihan to sell an equivalent amount of assets in an attempt to right the ship. But, this was not an isolated incident. The wreckage of such deals has littered banking history in recent years.

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Categorized as Banking

Bling to Your Ring: Luxury Retailer to Offer Solid Gold Phone For US$57,400


Danish luxury retailer Aesir has unveiled a limited-edition 18-carat gold mobile phone, which it aims to market to the ultra-wealthy and fashion-forward members of the Russian elite.

The phone, valued at 42,000 euros (US$57,400), will have little to it in terms of features when compared to modern smart phones. Called the AE+Y, the phone is unable to surf the internet, access email, or even take photographs. In fact, the only task it appears to be able to do is to make, and receive, phone calls.

Infographic: 10 Hot Careers with Strong Projected Growth


The United States government recently revealed that unemployment is likely to remain above the 9 percent mark over the next year as economic recovery remains sluggish, with the possibility of a double-dip recession. The job market, as such, has also become increasingly saturated with job creation showing little to no sign of improvement.

Think Before You Tweet: Social Media Defamation Cases On The Rise


The number of libel cases brought up by people who claim they have been defamed online have more than doubled in a year, according to a new research by legal information provider Sweet and Maxwell’s Lawtel and Westlaw UK services.

But the total number of defamation cases brought rose by only 4%, from 83 cases in the year ending May 31 last year to 86 in the 12 months to the end of this May, reported the BBC.

We Will Find You And Your Money: Britain To Tax Money In Secret Swiss Accounts


 

Britain will increase international pressure on British tax evaders, after reaching an agreement with Switzerland, said chancellor George Osborne, warning that tax cheats have no hiding place under this coalition. 

 

Fresh from negotiating a new deal with secretive Swiss banks, George Osborne has warned top earners who attempt to avoid tax that the government “will find you and your money”, reported the Guardian.

Infographic: Today’s College Students Are More Stressed Out Than Ever


According to a 2010 survey of American college freshmen, today’s average college student has the worst emotional health of any student group previously studied before. Some of the main reasons cited for stress in college students have been their academic results, the difficulty in adjusting to college life, and also the question of finance and how they would pay for their college education.

Warren Buffett: I Want to Pay More Taxes!


While most individuals complain about paying too much taxes, billionaire investor Warren Buffett is adamant that his “mega-rich” friends and himself are not paying enough; and is demanding the US government to “stop coddling the super-rich”.

EconomyWatch Exclusive: FOX Business Expert on the US Debt Crisis


What does everyone need to know about the debt crisis and how can you beat the bad economy? FOX Business Network stocks editor and reporter Elizabeth MacDonald has been closely monitoring the debt crisis currently enveloping the United States. It’s an issue that extends beyond the US and one with many complexities, MacDonald takes time to weigh in and break it down in this exclusive interview.

Q. What are 5 things every American needs to know about the debt crisis?

Seven Middle Class Tax Breaks Not To Be Missed


Tax breaks and hefty reductions are typically for the rich, right? It seems as though the wealthy benefit the most from when it comes to lightening the burden on tax bills. The reality is; there are plenty of tax breaks for the middle class American to tap into.
People are literally losing money to tax expenditures. Here are 7 middle class tax breaks not to be missed:

Elitist Nonsense – Shattered by Paul Krugman


29 July 2011.