Richard Shaw

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We Wanted Safer Banks. We Got More Inequality.

A few years ago, one of Karen Petrou’s banking clients gave her an unusual assignment: It wanted her to write a paper laying out “the unintended consequences of the post-financial-crisis capital framework.” Petrou is the co-founder of Federal Financial Analytics Inc., a financial services …

Income Inequality

American Capitalism Can No Longer Afford to Let Workers Retire in Dignity

The Second World War, and the extraordinary economic growth that followed it, birthed an American middle class with a recurring dream: that all who …

Economics

6 Ways to Be Awesome Even When You Think You're Just Average

If you have a growth mindset and believe that failure is part of learning, welcome to the new awesome.<p>If you've ever felt like you're just the average Joe or Jane, I have news for you. Anybody can be awesome.<p>Being awesome doesn't mean having off-the-chain leadership skills at work or killing it …

Self-improvement

How to Use a 529 Plan When Your Child Wins a Scholarship

Even if your child wins a full scholarship, you can use money from a 529 college-savings plan for things other than tuition without triggering taxes …

College & University

Almost 80% of US workers live from paycheck to paycheck. Here's why | Robert Reich

Starting in the 1980s and with increasing ferocity since then, private-sector employers have fought against unions<p>The official rate of unemployment in America has plunged to a remarkably low 3.8%. The Federal Reserve forecasts that the unemployment rate will reach 3.5% by the end of the year.<p>But …

Income Inequality

Investment guru Charles Ellis reveals the ugly truth about how some funds hide poor performance that can derail your retirement

Imagine you sent 100 bombers on a mission. Fifty crashed, and 50 dropped their payloads and returned. What if you looked at the 50 that returned, …

Investing

The relationship between time, money, and happiness

Shares 1K<p>The older I get, the more I’m convinced that time is money (and money is time). We’re commonly taught that money is a “store of value”. But …

What Happens to Your Debts When You Die

Of the many downsides of death you could name, you might think an upside is that you no longer have to worry about the massive pile of debt you’ve …

Stock Pickers Left in the Dust While Thrifty Investors Cut Costs

Investor interest in low-cost mutual funds shows no sign of abating and is costing stock pickers billions of dollars in assets.<p>Only the most …

The 100 best movies on Netflix right now

We all know the feeling: desperately scanning through endless menus of Netflix choices, eyes glazing over, knowing that our impulsive thumbs are …

How to Be a More Confident Person

When I was a kid, we had very little money. This didn't seem like a problem to me until I went to my friends' homes and saw that they had <i>actual …

7 Ways to Get People To Like You From an FBI Behavior Expert

Meeting new people can be awkward. What should you say? How can you make a good impression? How do you keep a conversation going?<p>Research shows …

A huge new Stanford and Harvard study proves that US inequality isn’t just about class

For decades, an increasingly loud chorus has claimed that economic inequality is primarily driven by class, with other possible reasons for disparities, such as race, playing a lesser role. They say that it is counterproductive to focus on inequality between races—instead, it is better to consider …

Demographics

Reality Check: China Struggles With Hidden Debt

China Struggles With Hidden Debt<p>Mar 15, 2018<p><b>By Xander Snyder</b><p>The implications of China’s debt burden appear increasingly grim. We have previously …

I hear you, but your home is still a lousy investment

Home must be where the heart is, because my Feb. 19 column on homeownership being a lousy investment annoyed readers mightily. I may as well have spit on motherhood, apple pie and the girl next door.<p>But my basic point remains true.<p>Readers’ biggest gripe: What about rent? Overwhelmingly, folks …

Home Ownership

Reconsidering Trusts After the Tax Cuts and Jobs Act

Estate tax laws have changed significantly in recent years, leading many to question whether trusts are an outdated way to transfer wealth. After …

All 50 States Ranked for Retirement, From Worst to Best

Taking into account affordability, quality of life, and health care<p>On a global scale, the United States is 24th on the list of the best countries for …

12 Daymond John Quotes to Help You Achieve Greatness

There's much to learn from the entrepreneur, Shark Tank investor, celebrity and author Daymond John.<p>Being a successful entrepreneur is no walk in the park. It takes dedication, motivation and focus. At least, that’s what helped entrepreneur, <i>Shark Tank</i> investor, TV personality and author Daymond …

Entrepreneurship

Why the Best Salespeople Are Masters of These 3 Skills (It's Not Just About Listening)

True sales professionals have the desire and ability to help others, these are the skills needed to make that happen.<p>All the experts agree, the number one sales skill every professional needs is the ability to listen. Listening is the starting point for all learning, for understanding, and for …

Opinion: Why you should probably just give up trying to beat the stock market

This past week saw the release of not one, but two, reports showing how incredibly difficult it is for stock investors to beat the market.<p>If we …

Top CEOs Say These Are the 8 Habits You Need to Ditch If You Want to Be Successful

If you want the fame, big paychecks and respect, cut these mistakes from your repertoire.<p>None of us is going to win the I'm-Perfect Award any time soon. But we can at least try to prune away some of our faults. To give you a little direction, I asked leading CEOs what bad habits they think are the …

It Took Apple Executive Angela Ahrendts 1 Sentence to Drop the Best Career Advice You'll Hear Today

Not everyone thought Angela Ahrendts was cut out to lead a team. That's why she learned this invaluable lesson.<p>As the SVP of retail strategy at Apple, Angela Ahrendts is one of the highest-ranking executives at the most valuable company in the world. To get that job, she had to leave her post as …

America is changing. Bigoted slurs, immigration bans and racist rallies can't change that

<b>(CNN) —</b> From the moment the United States was born, it has been an exercise in transformation, a nation that every day welcomes new citizens -- by birth and by oath -- to take part in this grand experiment.<p>Conceived by a band of wealthy, white men who demanded freedom from Great Britain, America …

‘The Lowest White Man’

I guess Donald Trump was eager to counter the impression in Michael Wolff’s book that he is irascible, mentally small and possibly insane. On Tuesday, he allowed a bipartisan session in the White House about immigration to be televised for nearly an hour.<p>Surely, he thought that he would be able to …

Donald Trump

Paul Krugman got the working class wrong. That blunder had consequences | Thomas Frank

One of the most influential commentators in the US now recognises that white working-class voters have shifted en masse to the Republicans<p>On New Year’s Day, the economist and New York Times columnist Paul Krugman issued a series of tweets in which he proclaimed as follows:<p>The central fact of US …

Middle-class

Economists Should Care About the Racial Divide

When economists gather in Philadelphia this weekend for their big annual convention, the most important question shouldn’t be whether a minimum wage reduces employment, whether tax cuts increase deficits, or whether immigration harms native-born workers.<p>It should be how to get the people in power …

Economics

Buffett just won his $1 million bet against hedge funds

<b>Video by Wochit Business</b><p>Warren Buffett made a bet that a passive S&P 500 index fund would outperform a basket of hedge funds over a 10-year period, …

6 Reasons Why Confidence Is The Most Attractive Quality A Person Can Possess

Confidence is either something you have or you don't. Of course, there are some people who consider themselves somewhere in the middle of the …

11 Keys to Eliminating the Racial Wealth Gap | Gary

<b>By Phillip Jackson, The Black Star Project</b><p><b>1)</b> Establish A New Economic Mindset, Context and Consciousness for Creating Wealth among Black Families, …

Tax Geek Tuesday: Making Sense Of The New '20% Qualified Business Income Deduction'

On December 22nd, President Trump signed into law the Tax Cuts and Jobs Act, finalizing a once-in-a-generation overhaul of the existing Code and leaving the once-burdensome tax law so simple, we’ll all be preparing our returns on postcards come the spring of 2019.<p>HAHAHAHAHAHA<p>/wipes tear from …

Retirement