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Savings Experiment: Snow Removal

1 hour 52 min ago

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Savings Experiment: Snow Removal originally appeared on DailyFinance.com on 2012-02-07T10:00:00Z.

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Another Brokerage Bites the Dust: Is Wall Street In Trouble?

2 hours 37 min ago

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According to Warren Buffett, the United States dodged a bullet back in 2009. We didn't fall into a double-dip recession, and we won't be heading back into one anytime soon, either.

Just don't tell that to the stock brokerage industry.

Over the past couple of weeks, quietly and with little fanfare, three separate small brokerages bit the dust. In January, WJB Capital Group and Ticonderoga Securities both announced that a dearth of trading activity on the stock markets and a lack of capital...

Another Brokerage Bites the Dust: Is Wall Street In Trouble? originally appeared on DailyFinance.com on 2012-02-07T09:15:00Z.

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Why to Be Glad America Isn't Making TVs Anymore

Mon, 02/06/2012 - 15:35

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"The Japanese consumer electronics industry is one of the most prominent industries in the world and is the world's largest electronics manufacturer ..." So begins the Wikipedia entry on the "electronics industry in Japan."

And you know what we should be saying to that? Good riddance. They can have it.

Despite all the complaining we used to hear in the 1980s about how Japan was "stealing American jobs" and "ruining American manufacturing" -- the same complaints we hear today about China --...

Why to Be Glad America Isn't Making TVs Anymore originally appeared on DailyFinance.com on 2012-02-06T16:35:00Z.

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Your Unlimited Data Plan Isn't as Unlimited as You Think

Mon, 02/06/2012 - 14:30

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Active smartphone users better get used to an ugly buzzword: throttling.

Back in October, AT&T (T) began slowing down its most voracious data users. Wireless customers on unlimited plans who find themselves among the top 5% of bandwidth hogs are being advised that their online speeds will be dramatically reduced for the balance of their current billing cycles.

This, in a nutshell, is throttling.

Other companies offering "unlimited" plans have resorted to throttling in the past to keep...

Your Unlimited Data Plan Isn't as Unlimited as You Think originally appeared on DailyFinance.com on 2012-02-06T15:30:00Z.

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A 'Devil Wears Prada' Take on the Wall Street Boy's Club

Mon, 02/06/2012 - 13:25

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Like many people working on Wall Street, Erin Duffy was laid off during the recession.

"I guess I saw it coming," Duffy says of her August 2008 pink slip from Merrill Lynch, "in that they were obviously firing lots of people, so no one had any job security at that point."

But there was an unexpected upside to the layoff: Unemployment gave Duffy time to write a novel. She churned out 700 pages in eight months. "It was like really cheap therapy," she says. "I did it to keep myself sane."

Her...

A 'Devil Wears Prada' Take on the Wall Street Boy's Club originally appeared on DailyFinance.com on 2012-02-06T14:25:00Z.

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5 Things to Watch This Week: Pop, Streams, Mickey Mouse, Wireless, and DVDs

Mon, 02/06/2012 - 10:35

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There's never a dull moment on Wall Street, especially now that the market is hitting multiyear highs. Let's go over some of the news that will help shape the week that lies ahead.

1. Cola wars: Pop goes the world this week as both Coca-Cola (KO) and PepsiCo (PEP) crack open their quarterly results.

Coke comes first -- and not just in market share -- with its report tomorrow. The Pepsi pourer follows two days later.

It's not just about carbonated fizz for either company. Both have broadened...

5 Things to Watch This Week: Pop, Streams, Mickey Mouse, Wireless, and DVDs originally appeared on DailyFinance.com on 2012-02-06T11:35:00Z.

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Readers' Tips for Financial Renewal, Part 3: Investing for the Long Term

Mon, 02/06/2012 - 09:15

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A few weeks ago, we asked DailyFinance readers for their best tips for putting your financial house in order. Many offered advice on saving and careful spending, but the general consensus was that the best route to financial security lies in making your money work for you. And, ultimately, most agreed, that requires patience: While some suggested ways to achieve fast gains, most agreed that staying in the market for the long haul is the best way to ensure that you end up with a full bank...

Readers' Tips for Financial Renewal, Part 3: Investing for the Long Term originally appeared on DailyFinance.com on 2012-02-06T10:15:00Z.

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Savings Insecurity Is Growing: Share Your Stories

Mon, 02/06/2012 - 05:30

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The Los Angeles Times reports that more than three out of 10 Californians have too little in emergency savings, meaning they haven't set aside enough to get by for three months if they were to lose their jobs.

Exclude illiquid assets like houses, and that number -- 30.9% -- rises to an even more grim 43.1%, reports the nonprofit Corporation For Enterprise Development.

And California is hardly in the country's worst shape when it comes to economic cushions: The state ranks 39th out of 50 in...

Savings Insecurity Is Growing: Share Your Stories originally appeared on DailyFinance.com on 2012-02-06T06:30:00Z.

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The Tricks to Maximizing the Cash-Back Card Payoff

Sat, 02/04/2012 - 06:00

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Savers love cash-back cards. Unlike rewards cards that grant points, cash-back cards return a fraction of what you spend in good old U.S. currency.

Used responsibly, cash-back cards effectively give cardholders a discount everything they buy. But for the less disciplined -- those who carry a balance, for example -- be warned: You'll probably pay more than you earn in cash-back bonuses.

Banks Want You to Slip Up

Many cash-back cards offer 0% introductory rates that last for six to 12 months...

The Tricks to Maximizing the Cash-Back Card Payoff originally appeared on DailyFinance.com on 2012-02-04T07:00:00Z.

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Detroit's New Focus on Small Cars and Quality Pays Off

Sat, 02/04/2012 - 05:00

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Not long ago, each time gas prices shot up and car buyers turned their attention to more fuel-efficient models, Ford (F) and the other Detroit automakers would get hammered.

Their strengths were in SUVs, big cars, and pickups -- in other words, gas-hogs. Buyers wanting good mpg numbers tended to look to the imports -- enough to make Toyota's (TM) Corolla and Honda's (HMC) Civic perennial best-sellers.

Meanwhile, the Detroit crew got by with small cars that weren't very good (or profitable)....

Detroit's New Focus on Small Cars and Quality Pays Off originally appeared on DailyFinance.com on 2012-02-04T06:00:00Z.

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Don't Forget Fido or Tiger on Valentine's Day

Fri, 02/03/2012 - 22:00

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With Valentine's Day around the corner, pet owners aren't forgetting about the animals that supply them with unconditional love -- but they aren't going overboard, either: They'll spend an average of $4.52 each on their four-legged friends, according to figures released this week by the National Retail Federation.

Pet-related purchases will feed into the larger love pool of $17.6 billion that consumers are expected to shell out this year for Valentine's Day, according to the study. The average...

Don't Forget Fido or Tiger on Valentine's Day originally appeared on DailyFinance.com on 2012-02-03T23:00:00Z.

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The Super Bowl of Counterfeiting: Scammers Run Their Own Play Fakes for the Big Game

Fri, 02/03/2012 - 15:50

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According to Homeland Security officials, the amount of counterfeit merchandise entering the United States is increasing, and the problem is especially acute in the lead-up to an event like the Super Bowl. For instance, federal agents recently seized more than $6 million of counterfeited goods and shut down more than 300 illegal websites in an action dubbed "Operation Fake Sweep." The 42,000 confiscated items include jerseys, hats and jackets.

In addition to looking authentic, the phony gear...

The Super Bowl of Counterfeiting: Scammers Run Their Own Play Fakes for the Big Game originally appeared on DailyFinance.com on 2012-02-03T16:50:00Z.

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Why Your 2012 Tax Bill May Jump By $8,000

Fri, 02/03/2012 - 13:45

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From Mitt Romney to Warren Buffett, people are clamoring for fairer taxes. But thanks to yet another lapse by our lawmakers in Washington, more than 20 million taxpayers may pay a tax that was originally designed to hit only the ultra-rich -- and the increase could cost you as much as $8,000.

When it was first designed, the alternative minimum tax, or AMT, was meant to make taxes more fair. The idea behind the AMT was to make sure that rich people didn't use deductions to zero out their taxes...

Why Your 2012 Tax Bill May Jump By $8,000 originally appeared on DailyFinance.com on 2012-02-03T14:45:00Z.

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Give Us Your Ideas for a Thoughtful -- and Frugal -- Valentine's Day

Fri, 02/03/2012 - 13:25

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Valentine's Day is coming, which means that tens of millions of husbands and boyfriends are getting ready to drop money on Whitman's samplers and overpay for red roses. But there are other options out there -- and we know that our faithful DailyFinance readers have explored at least a few of them.

According to the National Retail Federation, the average man will spend $168.74 this year, and the average woman just over $86. (Most of this money will go to buying jewelry, candy, flowers and...

Give Us Your Ideas for a Thoughtful -- and Frugal -- Valentine's Day originally appeared on DailyFinance.com on 2012-02-03T14:25:00Z.

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Tax Doomsday Is Coming for Amazon

Fri, 02/03/2012 - 11:23

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On Tuesday, Amazon.com (AMZN) shocked and dismayed its shareholders. Reporting earnings for the final quarter of 2011, Amazon admitted that despite 35% sales growth, profitability had headed in the entirely wrong direction. Operating profit margins got cut in half, while net profits were down 57%. The culprit: massive spending on a number of initiatives -- everything from building new warehouses, to subsidizing "Prime" membership, to selling Kindles at a loss -- which decimated the company's...

Tax Doomsday Is Coming for Amazon originally appeared on DailyFinance.com on 2012-02-03T12:23:00Z.

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Wrecks to Riches: Hunting Sunken Treasures from Cape Cod to the Costa Concordia

Fri, 02/03/2012 - 10:45

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Off the coast of Massachusetts, and in the Mediterranean waters surrounding the Tuscan island of Giglio, treasure hunters are seeking sunken loot.

Greg Brooks of Gorham, Maine -- a founder of shipwreck recovery firm Sub Sea Research -- says he has located the underwater remains of a British merchant ship that was sunk off Cape Cod by a German submarine during World War II. According to Brooks, the wreck contains a cargo of platinum bars now worth more than $3 billion.

In Italy, meanwhile, the...

Wrecks to Riches: Hunting Sunken Treasures from Cape Cod to the Costa Concordia originally appeared on DailyFinance.com on 2012-02-03T11:45:00Z.

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As Facebook Files for Its IPO, a Look Back

Fri, 02/03/2012 - 09:50

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It's hard to believe that Facebook has been around for less than eight years. Initially conceived as a way for Harvard students to socialize with each other, it rapidly transformed into the most influential online social network in the world, fundamentally changing the way hundreds of millions of people connect, relate to, and stalk each other.

On Thursday, the site that made it possible for you to reconnect with your third-grade girlfriend and unfriend your annoying cousin started its latest...

As Facebook Files for Its IPO, a Look Back originally appeared on DailyFinance.com on 2012-02-03T10:50:00Z.

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Savings Experiment: Tissues vs. Toilet Paper

Fri, 02/03/2012 - 09:00

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Savings Experiment: Tissues vs. Toilet Paper originally appeared on DailyFinance.com on 2012-02-03T10:00:00Z.

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How Can You Get Romney's Tax Rate? (Hint: You Can't)

Fri, 02/03/2012 - 05:00

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In the week since Mitt Romney released his tax returns, the media has been abuzz with debate over his career history, his method of compensation, his amazingly high income and his incredibly low tax rate. Amid all the chatter, many pundits -- among them, DailyFinance's Dan Caplinger -- have wondered why more people don't take advantage of the deliciously low capital gains, dividend and carried interest tax rates that Romney enjoys.



The answer, of course, is that most people can't -- at...

How Can You Get Romney's Tax Rate? (Hint: You Can't) originally appeared on DailyFinance.com on 2012-02-03T06:00:00Z.

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I Love (to Shop for) You: Valentine's Day Spending Will Rise

Thu, 02/02/2012 - 16:10

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Chances are, you'll be more generous with your honey this Valentine's Day than last.

Consumer spending on the holiday is expected to exceed last year's levels, according to surveys from the National Retail Federation and American Express (AMEX).

Shoppers will shell out an estimated $126.03 on Valentine's Day gifts this holiday, up 8.5% from 2011, according to the NRF's Valentine's Day Consumer Intentions and Actions Survey, conducted by BIGresearch. American Express predicts consumers will...

I Love (to Shop for) You: Valentine's Day Spending Will Rise originally appeared on DailyFinance.com on 2012-02-02T17:10:00Z.

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