Originally published on Tue October 8, 2013 9:52 am
After production problems and delays, the Federal Reserve will finally circulate a new $100 bill on Tuesday. The aim of the redesigned bank note is to make it harder to fake: For example, when you tilt the note, the bells and numbers inside a 3-D security stripe will move, and a bell hidden inside the gold inkwell will change color.
The government is just 10 days away from defaulting on its debt. Treasury Secretary Jack Lew has said that by Oct. 17, the department will likely have less money on hand than it needs to pay all its bills.
"The reality is that if we run out of cash to pay our bills, there is no option that permits us to pay all of our bills on time, which means that a failure of Congress to act would for the first time put us in a place where we're defaulting on our obligations as a government," Lew said on NBC's Meet The Press on Sunday.
Over the last year of so, Tesla motors has received some really good press. But this past week, it's been knocked off its pedestal.
"We're a country that likes to put things up on pedestals and then tear them down from pedestals. We do that with people, I think we do that with things," says Jack Nerad, an analyst with Kelley Blue Book.
I hope you'll take a look at our video for this month. It's a personal message from me to our clients, potential clients, and friends. I want you all to know that I love what I do and I'm highly motivated to provide you the best financial counseling possible. It's a goal that all management and staff at Chornyak & Associates share and strive to achieve in our everyday dealings with you.
Originally published on Fri September 20, 2013 10:24 am
"Joy Covey, who helped take Amazon.com Inc. public as the Internet retailer's chief financial officer, died Wednesday when her bicycle collided with a van on a downhill stretch of road in San Mateo County," the Los Angeles Times writes.
JPMorgan Chase has agreed to acknowledge that it violated federal securities laws and will pay $920 million in penalties assessed by regulators in the U.S. and U.K. to settle charges related to the huge trading losses racked up by its London traders last year, the Securities and Exchange Commission announced Thursday morning.
It's been five years since Lehman Brothers collapsed and touched off a banking crisis that is still being felt by the global economy. Today, the banking industry is a lot stronger than it was, but some critics say efforts to reform banking regulations have fallen short of their potential.
The U.S. renaissance in energy, manufacturing growth, and the rebound of the automotive industry are bringing about opportunities for investors. Make sure you catch this video in which Joe Chornyak discusses what he's hearing from portfolio mangers regarding our energy and manufacturing future.
Erin Ford graduated from the University of Texas two years ago with a bachelor's degree in petroleum engineering. Recruiters came to campus to woo her. She got a paid summer internship, which turned into a full-time job after she graduated. Now, at age 24, she makes $110,000 a year.
Michael Gardner just graduated from City College in New York with a degree in psychology. He applied for more than 100 jobs, had trouble getting interviews and worked at Home Depot to make ends meet.
Originally published on Mon September 9, 2013 3:27 pm
The beauty of the Internet — and the reason for its ubiquitous place in our lives — is that just about anyone can use it to offer services, products or information. But the link between what's out there on the Internet, how fast it gets to us and how much data can get to us is dependent on Internet service providers and the rules that govern them. That's where things get thorny for the principle of net neutrality.
If your eyes are already glazing over, consider this: This debate could affect the speed, quality and cost of your Hulu or Netflix binge-viewing.
EcoATMs take old cellphones, MP3 players and tablets in exchange for cash. But the automated kiosks, operating 650 machines in 40 states, are getting bad reviews from police, who are concerned the machines are a magnet for thieves.
The transaction is fairly simple. The machine walks you through the process, scanning your ID to certify you're over 18 and verify your identity. An ecoATM employee inspects the transaction remotely in real time. Once the seller's identity is verified, the kiosk takes the device and assesses its value. You get the cash, and the device is recycled.
Seattle-based coffee giant Starbucks has announced it's going to expand to Colombia.
The country is known for its Arabica beans and for the mythical coffee farmer Juan Valdez. He's helped sell Colombia's coffee for 50 years. Starbucks has cafes in 50 countries. And now, it's coming to perhaps the country most associated with coffee.
Howard Schultz, the company's chief executive, announced that the first shop will open in Bogota in 2014, followed by 50 more cafes and in other cities over five years.
Originally published on Sun September 1, 2013 8:34 am
When you go to the Dead Sea for a float in its extraordinarily buoyant waters, signs warn you not to drink a drop. "Did you swallow water?" one Dead Sea do's and don'ts list asks. "Go immediately to the lifeguard."