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When Goldman Sachs can’t make money you know times are tough in the banking business. In mid-September I wrote a feature story for TIME magazine about how our nation’s banks, despite the bailout, were far from fixed, and how that was dragging down the economy. This week’s earnings reports from the big banks are new evidence of [...]
Last week, news outlets went crazy after a small Bay Area paper reported that servers in San Francisco were demanding a mandatory 25% gratuity on every check. Far from being an organized movement, the sources turned out to be a few servers talking about how that kind of guaranteed tip would sure be nice. (Perhaps [...]
In the aftermath of Bank of America’s new $5 monthly debit card fee, politicians, consumer groups, and plain old angry consumers have denounced such fees as unfair and arbitrary, and pleaded with BofA and other financial institutions to get rid of them. But instead of asking these banks to reverse their decisions, perhaps it’s more [...]
In case you didn’t know, it’s Radon Awareness Week — which is no World Environment Day, true, but it’s gaining ground. In honor of this momentous quasi-occasion, here’s a primer on the dangers of exposure to radon and how to protect yourself and your family.
Recent media focus concerning the price of brand loyalty—sparked in part by Bank of America’s decision to start charging fees for debit card users—recalls some interesting research from a few years back that suggests there’s good reason for you to consider switching brands more often. Because it’s not just greedy companies who punish loyal customers. [...]
This may sound like the makings of a hazy conversation in some dorm room during the wee hours of the night. But this is actually happening.
The Occupy Wall Street movement that has spread beyond New York’s financial district to cities all over the country and even beyond the U.S. has one glaring shortcoming, according to some activists: It’s too white.
Could it be that America’s fascination with gas-guzzling SUVs, muscle cars, and V8-powered sedans is really on the way out? Today, nearly half of all new cars sold are equipped with 4-cylinder engines.
For the first time ever, the total amount of student loans taken out last year in the U.S. topped $100 billion. And sometime this year, it’s expected that outstanding student loan debt will hit $1 trillion—also for the first time ever.
In early October, gas prices were dropping to the tune of about 1¢ per day, and prices at the pump were expected to continue getting steadily cheaper through the end of the calendar year. Over the past week or so, however, gas prices have abruptly shifted gears, with the incremental price decline quickly transformed into [...]
Researchers at the University of Kansas just found one more piece of bad news about this so-called recovery: A crummy economy could prompt men, even those in monogamous relationships, to seek out more sex partners.
