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Tax reform proposal would cut many real estate deductions

WASHINGTON — You may have seen reports about a major tax reform proposal floated recently by Rep. Dave Camp of Michigan, the chairman of the House Ways and Means Committee.<p>But you probably didn't see the grisly list of long-standing home real estate tax benefits that would be eliminated or sharply …

Can you really afford that mortgage? Know your Real Life Ratio

Someone ought to explain the facts of life to the nation's bankers.<p>They're handing out mortgages to people without any apparent understanding that today's home-buying couple is tomorrow's family of three or four. A lot happens to one's ability to afford mortgage payments when kids come along, but …

Investment Manager Explains Why 99.5% Of Americans Can Never Win

<i>Beyond the charts and warnings from economists and investors, perhaps the most disturbing commentary on income inequality in America was written by an investment manager in 2011.</i><p><i>"In my view, the American dream of striking it rich is merely a well-marketed fantasy that keeps the bottom 99.5% hoping</i> …

The Insanity Of Bitcoin, Explained

There’s no better way to appreciate the trippiness of the digital currency Bitcoin than this hallucinatory animated video.<p>If you’ve been paying attention to the news, you might have heard that digital currency Bitcoin is currently the talk of Wall Street after skyrocketing in value to trade at over …

How Working Remotely Changed My Life (and Can Change Yours, Too)

<i>Justin is the Product Manager for Industry Mailout. He’s passionate about building products that delight customers, and also blogs on justinjackson.ca and tweets via @mijustin</i><p>Working remotely is a hot topic of debate these past years. Many companies are beginning to allow the flexibility to help …

Swaddling babies can cause them hip problems, doctors warn

The practice of swaddling babies, which has become fashionable as a way to calm them, risks causing them hip problems as they grow, doctors warn.<p>Parents have been turning to the old-fashioned practice in order to settle their babies and help them sleep better. Swaddling, which involves wrapping the …

Average Student Loan Debt Could Cost A Household $208,000 Over A Lifetime: Study

The real cost of student loan debt is far greater than you may think, according to a new analysis.<p>A household with $53,000 in outstanding student debt -- which is the average college loan balance for a family headed by two people with 4-year degrees -- will be about $208,000 poorer over a lifetime …

Why Top Colleges Have A Rich Kid Problem, In One Chart

The American Dream revolves around the ability to go from poverty all the way to the top. College, with abundant financial aid and connections to alumni networks, is supposed to be a great equalizer. Instead we have a system that may help concentrate wealth.<p>Even when there's financial aid …

Student Loan Problems: One Third Of Millennials Regret Going To College

Here’s an indication of how burdensome student loans have become: About one-third of millennials say they would have been better off working, instead of going to college and paying tuition.<p>That’s a according to a new Wells Fargo study which surveyed 1,414 millennials between the ages of 22 and 32. …

Are Machines On The Net Making Humans Obsolete?

The Industrial Age reinvented productivity. The Information Age reinvented communication. Now man and machine are coming together and it’s even bigger than the Internet. What is it? The Internet of Things!<p>The Internet of Things connects the physical world to the Internet through sensors embedded in …

Colleges Soak Poor U.S. Students to Funnel Aid to Rich

U.S. colleges such as Boston University are using financial aid to lure rich students while shortchanging the poor, forcing those most in need to …

The College Bubble Is Finally Bursting

Some schools are seeing just 20% of the students they accepted enrolling, versus the usual rate of 33%. These schools have raised tuition discount rate — the price after grants and scholarships — to an all-time high of 45%.<p>Meanwhile, the median sticker price increased just 3.9% last fall, the …

College & University

Most data isn’t “big,” and businesses are wasting money pretending it is

Big data! If you don’t have it, you better get yourself some. Your competition has it, after all. Bottom line: If your data is little, your rivals are going to kick sand in your face and steal your girlfriend.<p>There are many problems with the assumptions behind the “big data” narrative (above, in a …

Big Data

Experts Agree The Fed's In Big Trouble

I know it sounds crazy to suggest that the Federal Reserve Bank is in trouble, but it’s true. When interest rates rise, the Fed is going to recognize huge losses and will need help from the U.S. Treasury to stay afloat.<p>I have been writing about the Fed’s financial predicament for almost two years</i> …