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Date Fairness.com Resource Read it at: Jun 02, 2008 Fast Food’s Portion of Parents’ Dollars (Drilling Down)
QUOTE: The average mother of a child under 15 spends more on fast food every year than on books, music, movies and video games combined, according to a report by the NPD Group, a market research firm.
New York Times Jun 01, 2008 As Disputes Escalate, So Can the Legal Bills
QUOTE: One long-running fight in Montgomery County shows why homeowners who serve as directors of their association had better pay strict attention to the details of good governance. People can be surprisingly dogged about how their dues are spent, how elections are held (even for thankless board-of-director jobs), and about how the rules are made, changed and enforced.
Washington Post May 31, 2008 An Alarm System For Inaccurate Credit Scores (The Nation's Housing)
QUOTE: If you really deserve a 720 FICO credit score but you have been pulled into the low 600s because of incorrect or missing information in your national credit-bureau files, you ought to know so you have the opportunity to fix the problems.
Washington Post May 31, 2008 It's a Bonus, Not Blackmail (Housing Counsel)
QUOTE: Whenever I write something critical of real estate agents, I get many complaints that I am not being fair to that industry. So, in fairness, unless your agent has stopped actively marketing your property, I do not blame her. I believe she was merely providing you her opinion of how her industry would respond.
Washington Post May 27, 2008 Risks of ID theft in a lifetime (Financial Literacy 2008 - Protecting your identity part 14 of 18)
QUOTE: While most Americans are doing more to protect themselves from identity theft, others allow themselves to be more vulnerable. The greatest risk is to the 25- to 34-year-old age group. The good news is that as we get older, we're less likely to become a victim.
Bankrate.com Apr 16, 2008 Five lies we all tell at work
QUOTE: Little lies - and the occasional big ones - are part of workplace culture, just like boring meetings and gabby co-workers. A workday that's 100 percent fib-free is a rarity...Still, mom did say we should always tell the truth. Do we need to put the kibosh on lying?
CNN (Cable News Network) Apr 14, 2008 A Call for Action On Tax Scams (Federal Diary)
QUOTE: Filings of fictitious tax returns to steal refunds have jumped dramatically, perhaps because con artists can file them electronically and get a direct-deposit refund long before the real taxpayer finds out...The rise in fraudulent tax returns was an issue at a Senate Finance Committee hearing last week called by the committee chairman, Sen. Max Baucus (D-Mont.).
Washington Post Apr 08, 2008 Why Aren't There More Women on Boards? Moving past tokenism and box checking opens doors to more diversity
QUOTE: But, there remains a striking disconnect between this financial imperative and the actual numbers of women sitting in seats of influence. Across the country and throughout industry after industry, the numbers at the top are dispiriting...We should be past the point when placing a woman—or, for that matter, an African-American or Hispanic— on a board is part only of a diversity push.
BusinessWeek Mar 31, 2008 The Issue: Using Sick Time for Interviews: A difficult choice about using time off strains an employee's conscience and leads him to fake being sick
QUOTE: Is it really unethical for a usually faultless and diligent information technology senior director—or any employee, for that matter—to use one measly sick day—fabricating the need to see a doctor for bronchitis—to go on a job interview?
BusinessWeek Feb 27, 2008 Busting the 'Free Money' Myth: Searching for a government grant or no-interest loan to start a business? Don't waste your time
QUOTE: Still, the myth of abundant "free money" to start a small business has stubbornly defied debunking for decades. Like most myths it contains a kernel of truth—the U.S. government does give grants to assist small businesses. Of course, virtually all of that money flows to local governments, state agencies, and nonprofits—not individuals.
BusinessWeek Feb 26, 2008 Credit-Card Companies Put Tighter Squeeze on Cardholders (Consumer Action)
QUOTE: Faced with a growing wave of delinquencies, [credit card companies are] tightening lending standards considerably, focusing on card members they perceive at highest risk of default...Unfortunately, these days lenders are expanding the definition of high risk to include many consumers who would have been considered good customers just months ago. Now, cardholders can be subject to greater scrutiny based on where they live or what type of business they run.
Smart Money Feb 22, 2008 Warning: Scam artists are after your tax rebate
QUOTE: On the heels of the government's plan to stimulate the economy by sending out special tax rebates, authorities say crooks are posing as officials from the Internal Revenue Service or Social Security Administration.
CNN (Cable News Network) Feb 21, 2008 Ruling Allows Employees to Sue 401(k) Providers
QUOTE: FEEL LIKE YOUR 401(k) is falling short? Thanks to a U.S. Supreme Court ruling Wednesday you can now sue your 401(k) plan sponsor if you've experienced a loss due to an administrative error or mismanagement of your funds. Be aware, though, that this right may come with some costly consequences.
Smart Money Feb 12, 2008 Ethics Must Be Global, Not Local
QUOTE: To build a truly great, global business, business leaders need to adopt a global standard of ethical practices.
BusinessWeek Feb 05, 2008 Diversity Pledges Ring Hollow
QUOTE: A new study shows that in spite of corporate promises to promote diversity in senior management, very little progress has been made.
BusinessWeek Feb 04, 2008 Three Tax Scams to Keep an Eye Out For
QUOTE: The Internal Revenue Service recently issued a press release warning consumers about a slew of new scams where identity thieves contact taxpayers pretending to be IRS agents.
Smart Money Feb 03, 2008 Who's your mortgage broker working for? Borrowers' interests would come first under bill
QUOTE: Like many borrowers, the Biharys...assumed their broker was working for them. In reality, mortgage brokers aren't legally obligated to do so. Many say they work for borrowers, lenders and themselves. But lawmakers here and in other states, such as New York and Missouri, are rethinking the relationship: Should mortgage brokers be beholden to borrowers?
Seattle Post-Intelligencer Jan 29, 2008 Hidden fees clip boomer nest eggs
QUOTE: From 1985 to 2006, the number of active 401(k) participants climbed fivefold to 50 million...What most of these workers don't know is that fees, rebates and revenue-sharing agreements among employers, 401(k) administrators and mutual funds -- many of them buried in the fine print or not disclosed at all -- are slowing the growth of their nest eggs.
Seattle Post-Intelligencer Jan 12, 2008 Inquiry Focuses on Withholding of Data on Loans
QUOTE: An investigation into the mortgage crisis by New York State prosecutors is now focusing on whether Wall Street banks withheld crucial information about the risks posed by investments linked to subprime loans.
New York Times Jan 06, 2008 Recourse in a foreclosure scam
QUOTE: ...companies calling themselves "foreclosure consultants" have built a cottage industry around promising distressed homeowners that they will temporarily assume control of the house to prevent foreclosure and that they will sell it back to the owner at a premium when that person's financial problems are resolved. However, the homeowner soon discovers that buying it back will be next to impossible because of onerous provisions buried in the dictionary-sized contracts they've signed -- contracts that often cleverly disguise these companies' predatory intents.
Bankrate.com Dec 29, 2007 Interview: Leonard Burman, Ph.D. (Taxes made easy)
QUOTE: The political environment is poisoned because most legislators have signed a no-new-taxes pledge.
Bankrate.com Dec 27, 2007 Customer service advice from experts and insiders
QUOTE: You may be able to get a dispute with a credit card issuer settled over the phone, but it takes a little know-how and a whole lot of patience.
Bankrate.com Nov 27, 2007 The Ethics of Tipping and Regifting
QUOTE: Yes, you should show gratitude to those who help you throughout the year, but do so with sense and sensitivity.
BusinessWeek Nov 26, 2007 Can you sue if your 401(k) nest egg is mishandled? The US Supreme Court on Monday hears a case that will determine if individuals have redress under federal law if their savings plan is mismanaged.
QUOTE: The case will define the scope of remedies available to prospective retirees who discover fiduciary misconduct related to their 401(k) or other retirement accounts. It arises at a time when most companies have abandoned traditional pension plans in favor of retirement investment accounts.
Christian Science Monitor Oct 21, 2007 The World: One World, Taking Risks Together
QUOTE: Unlike past panics, or even the crash of 1987, the current credit turmoil has affected ordinary consumers who merely want to secure a mortgage or refinance a loan. Rates have spiked for even the best-qualified borrowers, and home buyers with less than stellar credit histories now find themselves locked out.
New York Times Oct 07, 2007 Readers: The Burden of Being an Executor
QUOTE: "Poring over IRS documents to make sure I submitted all the required forms became like a second job. It was a labor of love, but it's still not over yet. While the court closed the probate and discharged us of our duties in January 2007, the IRS will not release us as fiduciaries of the estate until September 2008."
Wall Street Journal, The (WSJ) Aug 21, 2007 Ineligible? Don't Be So Sure.
QUOTE: the nonprofit Foundation for Health Coverage Education [web site's]... main goal is to sign people up for programs for which they didn't know they qualified.
Washington Post Aug 21, 2007 For Wall Street's Math Brains, Miscalculations: Complex Formulas Used by 'Quant' Funds Didn't Add Up in Market Downturn
QUOTE: he 387-point drop in the Dow Jones industrial average Aug. 9 and the continuing turmoil in the markets... have tarnished some of the quants' glimmering intellectual credentials and shown that, when push comes to shove, they can rush toward the exits as fast as a novice investor.
Washington Post Aug 20, 2007 After the Pain of Foreclosure, a Big Tax Bill
QUOTE: The 1099 shortfall, as it is called, stems from an Internal Revenue Service policy that treats forgiven debt of all types as income even if the taxpayer has nothing tangible to show for it…
New York Times Jul 13, 2007 Will it be harder to get credit? The problems of subprime loans hint at broader risks in financial markets
QUOTE: The rise of "derivative" securities – complex investments derived from other assets such as mortgage loans – means that even insiders can't quantify the risks or say where they lie.
Christian Science Monitor Jul 03, 2007 Predators Bilk Struggling Homeowners
QUOTE: With the housing market in decline, financial predators are finding yet another way to take advantage of people who fall behind on their payments...someone else takes over the deed, borrows as much as possible against the value of the house and pockets the cash. And, almost always, the homeowners still end up losing their homes.
New York Times Jun 30, 2007 Many Feeling Effects Of High-Interest Loans
QUOTE: about 80 homes in [Prince George County] received notices of pending foreclosures from January through May…"It is a national phenomenon, and it was pretty much expected based on the kinds of loans and refinances people got into in the last few years," said Tommie Thompson, director of the county's department of housing and community development.
Washington Post Jun 24, 2007 A Fairway View, but the Window Is Often Broken
QUOTE: The intersection of errant golf shots and private property is not a new phenomenon. But with new gear that enables average golfers to hit a ball 250 yards, and with golf communities sprouting nationwide...it is becoming an increasingly prominent problem.
New York Times Jun 22, 2007 10 Things Your Bartender Won't Tell You (10 Things)
QUOTE: Back in the day, bartending was all about consistency and service. ... Today, not so much. Ray Foley, author of Bartending for Dummies, says a growing number of the 500,000 working barkeeps in the U.S. are following the lead of celebrity chefs, hoping to make their mark with their own signature drinks.
Smart Money Jun 21, 2007 The Ethics of Apologies: These few simple rules will help you give apologies meaningfully and accept them gracefully
QUOTE: Recall that fairness or justice requires, among other things, that the punishment should fit the crime, and some forms of wrongful conduct are so serious that a mere "I'm sorry" isn't enough of a response. With these two principles in mind, I propose the following guidelines for giving and accepting apologies.
BusinessWeek Jun 15, 2007 To Dismay of Some in Florida, Legislators Cut Property Taxes
QUOTE: Addressing rising anger about the cost of owning a home in Florida… the Legislature on Thursday approved a plan for a property tax cut… [but] many local governments that levy property taxes said it would ravage their budgets, potentially forcing layoffs of police officers and firefighters and deep cuts to public schools.
New York Times Jun 08, 2007 She racks up $30,000 debt while in a coma
QUOTE: travelers should be aware that many hotels, car rental agencies and cruise lines use a practice known as "credit card blocking." The cruise line will estimate the total amount of your bill and contact your card issuer to "block" that amount of credit on your card.
Bankrate.com Jun 04, 2007 Oregon moves on title lenders: Oregon goes after car title lenders
QUOTE: Some state lawmakers in Oregon want to make sure residents are not suckered into paying exorbitant fees for short-term loans...
Bankrate.com Jun 02, 2007 Car deal collapses but dealer cashes check
QUOTE: the dealership has no right trying to enforce the first contract -- which it apparently voided because the car was misrepresented -- or trying to force your sister to take another car.
Bankrate.com Jun 02, 2007 Reprisals on Appraisals
QUOTE: Although the litigation focuses on the plaintiffs' claim that their appraisal information is being pirated and re-marketed, the larger picture is probably more relevant to homeowners: When it comes to valuing a piece of real estate, do you need trained professionals on location, or are computer analyses of available data sufficient and cost-effective?
Washington Post Jun 01, 2007 Détente at the Cottage: Strategies for keeping a co-owned vacation home from tearing the family apart
QUOTE: Rather than make heirs joint owners, most lawyers recommend leaving the property to an independent entity, such as a trust or a limited liability company (LLC), and giving the heirs shares in the enterprise.
BusinessWeek Jun 01, 2007 Risky Business: The gaming industry courts older gamblers.
QUOTE: older gamblers are especially vulnerable to wagering more than they can afford, experts say. The number of older problem gamblers is rising as boomers age, while programs that serve problem gamblers are already too few, overextended and underfunded.
AARP May 31, 2007 When Relying on Online Brokers, Beware 'Move It or Lose It' Scams
QUOTE: The Internet has become a wonderful tool to find brokers to do the legwork in hunting down the lowest prices for everything from airline tickets to vacation rental homes. So naturally people are turning to Web-based brokers to help them choose a moving company. However, that may not be so smart or cost-effective. Using a moving broker may just lead you to a scam.
Washington Post May 26, 2007 Don't Get Duped by Hidden Mortgage Fees
QUOTE: Watch out for previously undisclosed fees with such creative names as underwriting fee, document preparation fee, loan review fee, warehousing fee and loan origination fee.
Washington Post May 25, 2007 Deployment need not ruin business
QUOTE: Heads of military assistance organizations say loan programs for the business owners are inadequate and federal lawmakers are looking into tax credits to alleviate the burden. In the meantime, here are five steps business owners who are about to be deployed should take.
Bankrate.com May 24, 2007 Checking safety of Internet banks
QUOTE: consider the financial institution's safety rating.
Bankrate.com May 23, 2007 9 ways to be safe at ATMs
QUOTE: Here are nine steps to help you avoid being an ATM fraud victim.
Bankrate.com May 20, 2007 Taking a Gamble on Cut-Rate Commissions
QUOTE: The services of a buyer's broker don't come free, even though buyers aren't asked to take pen to checkbook to pay for them.
Washington Post May 14, 2007 I was fired because I was the fall guy. What do I say in interviews?: I got shafted in my last job, and I'm still angry about it.
QUOTE: You were fired because your projects failed and somebody had to be fired. That's how things are done. It was just business.
Salon May 13, 2007 Early completion of new home traps buyer
QUOTE: As for the slim likelihood of getting your deposit back and canceling the deal, the answer lies in the language of your builder contract.
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