Dec 16 What Would Bob Shiller Do If He, Not His 'Sister-in-Law,' Chaired the Fed? How would Nobel laureate Bob Shiller approach tapering? Photo courtesy of Flickr user Bengt Nyman. The Federal Reserve celebrated its centennial Monday, marking the 100th anniversary of the Federal Reserve Act, signed on Dec. 23, 1913. Former chairs of… Continue reading
Dec 16 Amazon workers in Germany strike during peak holiday sales period Over 1,000 German workers for Amazon.com went on strike Monday over a dispute about pay and conditions, Reuters reports. Continue reading
Dec 16 Ask Larry: I learn something about Social Security's arcane provisions every day By Laurence Kotlikoff While, under certain circumstances, you can receive all of your suspended retirement benefits in one lump sum, it's not necessarily a good idea if you've got survivors to think about. Photo courtesy of Flickr user dumbeast. Continue reading
Dec 16 Ask Larry: I Learn Something About Social Security's Arcane Provisions Every Day By Laurence Kotlikoff By Larry Kotliokoff While, under certain circumstances, you can receive all of your suspended retirement benefits in one lump sum, it's not necessarily a good idea if you've got survivors to think about. Photo courtesy of Flickr user dumbeast. Continue reading
Dec 15 Calculating a living wage across the United States By News Desk Workers chant outside a McDonald's restaurant in Harlem in April, 2013. Credit: Mario Tama/Getty Images In "Life in the cash economy for 'underbanked' Americans" and "One NYC family's struggle to survive on a fast food salary," PBS… Continue reading
Dec 15 One year since the brutal New Delhi gang rape, has change come to India? Indian protesters shout anti-government slogans during a protest against rape in New Delhi on January 2, 2013. Credit: RAVEENDRAN/AFP/Getty Images Tomorrow marks the one-year anniversary of the gruesome gang rape of an Indian woman on a bus in New Delhi. Continue reading
Dec 15 Watch Life in the cash economy for "underbanked" Americans By PBS News Hour Nearly 20% of low income US households are "underbanked," according to the FDIC. But is providing access to traditional, mainstream financial services the best solution for everyone? A professor does double duty as a New York City check casher and… Continue watching
Dec 15 The miracle of profit-sharing: Year 65 and still no layoffs By Frank Koller When Canadian journalist and friend of Making Sense Frank Koller published his book "Spark", about the profit-sharing model pioneered at Cleveland's Lincoln Electric, it encouraged Making Sense to return to the manufacturer after first reporting on them back… Continue reading
Dec 15 The Miracle of Profit-Sharing: Year 65 and Still No Layoffs By Frank Koller By Frank Koller // When Canadian journalist and friend of Making Sense Frank Koller published his book "Spark", about the profit-sharing model pioneered at Cleveland's Lincoln Electric, it encouraged Making Sense to return to the manufacturer after first… Continue reading
Dec 13 How Detroit leaders ignored causes of bankruptcy for 65 years The signs of Detroit's decline have been well-recognized for 65 years. Photo courtesy of Spencer Platt/Getty Images. For the past few months, Lew Mandell, author of "What to Do When I Get Stupid," has been our retirement finance… Continue reading