5 Reasons Borders Went Out of Business (and What Will Take Its Place)

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Forty years ago, when Borders opened its first store in Ann Arbor, Michigan, the book industry was a different place. But for years, Borders acted like it wasn’t, culminating in the announcement this week that it would liquidate its remaining 399 stores.

Lesson from ‘Carmageddon’: It’s Possible to Drive Less

Los Angeles’ much-hyped “Carmaggedon,” in which the 405 Freeway was closed over the weekend, was mostly a non-event. Instead of producing a chaotic, traffic-choked scene all over L.A., the unprecedented road closure resulted in an even more unprecedented scenario, in which huge numbers of Angelenos figured out something to do that (gasp!) didn’t require the [...]

Our Real Debt Problem

Brendan Smialowski / Getty Images

On Friday, I posted a piece on the U.S. debt and how we are creating a false crisis given current interest rates and our ability to manage that. Judging from the responses, you would have thought I was penning a piece in defense of eugenics. But the heated reaction is typical of the current debate about debt.

Marketers’ Dream Demographic: The Smartphone Mom

Apple

Moms are buying iPhones at a rate faster than any other group. They’re also more likely to use smartphones to their full capabilities during any snippet of downtime—browsing for a nephew’s birthday present, updating family calendars and grocery lists, and otherwise sharing info and staying connected. Is it any wonder, then, that retailers and marketers [...]

Consumer Debt: How Do You Compare?

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After cutting back for three years, Americans are feeling more relaxed about borrowing and have started increasing their debt levels again. Is that smart? And how does your own financial situation compare?

Can Banks Lower Crime Rates (and Increase Home Values)?

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Sure, police patrols and neighborhood watch groups help fight crime, but what about financial institutions? A new study out of the University of Virginia studied crime stats in several low-income, Latino neighborhoods in Virginia and North Carolina before and after credit unions targeting a Spanish-speaking customer base opened there. Following the establishment of the credit [...]

Man Gets $330,000 Home for $16

WFAA

Thanks to a little-known Texas law, a man found an abandoned $300,000 home, moved his stuff in and filled out some paperwork. It cost him $16. Now, apparently he’s a homeowner.

The Sneaky Art of Getting Consumers to Spend More at the Supermarket

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Every shopper should know that when a grocery store advertises a “10 for $10″ sale price, it’s usually not necessary to buy ten items in order to get them at $1 apiece. You could buy 7 for $7, or 2 for $2, or even 16 for $16 if you really wanted. But it’s very possible [...]

It’s a Deal: Extra 40% Off at Coldwater Creek

Already-discounted apparel and merchandise in Coldwater Creek’s outlet section is being marked down by an additional 40% for purchases made by Tuesday, July 19. Use the coupon code AFLC782 to get free shipping as well.

Richard Cordray, Top Consumer Advocate Nominee, in 10 Quotes

Mark Duncan / AP

President Obama nominated Richard Cordray, the former attorney general of Ohio, to officially have your back. Here are 10 key quotes to better understand him.

Mastering the Art of the Informational Interview

Finding a job in this economy can be tough. Competition is fierce, and even if you have the skills, it can be a challenge to make yourself known to the right people. To gain an edge over other applicants, Michael Hampton, Director of Career Development and Services at Linfield College, recommends that job-seekers master the [...]