News

The Dollars Loses Luster After Weak Payrolls Report

September 10, 2013
USD Chart

The dollar lost ground on Friday on the heels of the Labor Departments release of a slightly worse than expected employment report, which allowed bond prices to rally, reducing yields across the interest rate spectrum.  The data eroded the value of the greenback, which saw interest rate differential move in favor of the yen and […]

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Los Angeles Dodgers Now Wealthiest Franchise With $2 Billion Sale

March 29, 2012

Yesterday Major League Baseball and the Los Angeles Dodgers announced that the team had been sold to former Los Angeles Laker Magic Johnson and Guggenheim Partners for a record $2 billion.  This is the largest price tag to ever be placed on a sports franchise. Some people are going to question whether or not this […]

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Effects from the Last Federal Reserve Meeting

February 6, 2012

Recently the Fed had a meeting that many are saying will have long lasting effects on how the central bank operates. The Fed took two steps in last weeks meeting. The first was publishing detailed interest rate projections of each of the 17 officials who participate in the policy meetings. The publication did not identify […]

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Should Investment Income be Taxed Lower Than Wages?

February 1, 2012

Over the last few months one of the hot topics has been whether or not it is fair that investment income is taxed at a lower rate than wages. A couple of weeks ago Republican presidential candidate Mitt Romney released his 2010 tax return and it showed that he paid roughly 15% tax on around […]

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Zappos Customer Database Hacked

January 16, 2012

If you are a shoe lover, or just love great deals on apparel and other home goods with free shipping, you have probably shopped on Zappos.com. I woke up this morning to find an email from Zappos.com urging me to change my password information for my account, over a security breach on the site of […]

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Saab Files for Bankruptcy

December 30, 2011

After months of trying to stay afloat, Saab the Swedish carmaker has filed for bankruptcy. The company’s owners have given the company’s assets over to a Swedish court- appointed receiver.  Sabb was founded as an airplane maker in 1937 and entered the car business in 1946. General Motors is a former owner of Saab. General […]

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Bank of America Drops Debit Card Fees

November 1, 2011

Last month we published a blog about the new debit card fees Bank of America was planning to charge customers. Today, Bank of America, which is the second largest bank in the United States, has announced that the company is dropping their plan to charge a $5 monthly fee for customers who use their debt […]

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