LIFE GOES ON: The Psychology of Money
The Psychology of Money Money = Freedom Money = Power Money = Control Money = Workaholic Behavior Money = Fear of Loss Money can mean all of these things. The Law of Scarcity says, “If…
Finance
Your Child Need Math Help? Try KhanAcademy – Bill Gates Did
Unless it has reruns, I always learn something new on 60 Minutes. Last night it was about a breakthrough teaching method for math, one of the toughest subjects for most people. Developed by Sal Khan…
The Inside Story Of How A Ct Couple Got Fleeced By A ‘Discount’ Travel Club
The following account was written by Laurie Escudero Of Granby involving Berkshire Concepts of Mass. Connecticut officials had put out a warning about this company last fall. I contacted Berkshire and a person there –…
Drug Companies Shower Disciplined Connecticut Doctors With Benefits
Disciplined Docs Reap Drug Company Benefits Written by Lisa Chedekel In 2010, as state health officials were investigating allegations that Dr. Gerson Sternstein of Berlin was overmedicating patients, three pharmaceutical companies were showering thousands of…
Granny Snatching: Doctors’ Fees and Tax Breaks; Connecticut’s Seniors are Tied to Federal Tax Maneuvering
When you are worried about the winter weather and increasing heating and grocery bills it is understandable if you don’t pay close attention to the interminable arguments in Congress over this bill, that legislation and…
Marketer Of Bogus “Free” Trial Offers Barred and Fined $359 Million
The Federal Trade Commission has stopped an Internet scheme that allegedly used bogus “free” product offers that deceived consumers in the United States and other countries and charged them for products and services they did…
Citigroup Paying $158 Million For Defrauding HUD
In addition to participating in the $25 billion foreclosure settlement, Citigroup will pay $158 million to settle civil accusations that it defrauded the U.S. Department of Housing and Urban Development by falsely claiming that high…
History Of Mortgage “Assistance” Bodes Ill For $25 Billion Bank Settlement
by Paul Kiel Yesterday, administration officials stood alongside state attorneys general to announce a $25 billion mortgage settlement. It was reminiscent of a big announcement by administration officials three Februarys ago involving an even bigger…
Connecticut Homeowners To Receive $190 Million As Part Of Bank Foreclosure Settlement
We have little details on exactly who will or who won’t receive part of the the $25 billion federal-multistate settlement with the nation’s five largest mortgage servicers, but Connecticut Attorney General George Jepsen said he…
Chase Paying $110 Million To Settle Overdraft Fees Class-Action
J.P. Morgan Chase is following Bank of America’s lede to settle class action lawsuits for improper debit card overdraft fees. “The case, brought in U.S. District Court for the Southern District of Florida, revolves around…
Feds Crack Down On Unethical Debt-Collection Companies
The Federal Trade Commission – as part of its crackdown on illegal debt-collection practices – got a $2.5 million settlement Asset Acceptance Capital Corp., for pressuring borrowers to pay debts that are no longer legally…
Suze Orman Risking Reputation With Investment Letter Partnership
2012 is turning into a high risk year for personal finance guru Suze Orman. First she put $1 million of her money into a controversial pre-paid credit card business. Now she has formed an investment…
Suze Orman Launches Controversial PrePaid Debit Card
Millions listen, watch and read Suze Orman for what they believe is unvarnished consumer and financial advice. But has Orman crossed the line by launching what could be a controversial prepaid credit card under her…
Bank Of America Agrees To $335 Million Settlement Over Mortgage Discrimination
Bank of America – now the second largest bank in the country – today agreed to pay $335 million to resolve allegations that its Countrywide unit discriminated against qualified African-American and Hispanic borrowers. The settlement,…
Torrington Security Researcher Rings Alarm Bell On Software Capable Of Capturing Android Phone Data
Trevor Eckhart, a Torrington security researcher, has set off a firestorm over his allegations that a diagnostic software company, CarrierIQ, is capturing the content of text messages and other personally identifiable information on hundreds of…
How The Payroll Tax Cut Actually Affects Your Pocketbook
Written by Marian Wang As Congress tries to deal with its long list of unfinished business, among the top and most contentious items has been the proposed extension of the payroll-tax cut. It has certainly…
West Hartford’s A Hand Up Helps the Homeless Transition to New Homes
West Hartford’s A Hand Up helps the homeless transition to new homes by accepting donations of furniture and other household goods. They will pick goods up from your home, but bringing donations to their location…
Government Pensions Resist Rule Change Requiring Listing Real Value Of Assets
“U.S. public pension systems, facing as much as $3 trillion in unfunded promises to current and future retirees, are resisting proposed new standards that might double their funding deficits,” says Bloomberg News of local and…
Granny Snatching: Jury Out on Unionization of Home Care Aides
Advocates for the elderly and disabled gathered at the Legislative Office Building in Hartford have voiced their objections to Gov. Dannel Malloy’s Executive Order 10 which provides for – some say requires – the unionization…
Congressmen Insider Trading, Latest Washington Outrage
“Questioning the integrity of congressional officials is something like a national pastime lately. Even still, reports that federal elected officials could be leveraging their positions to directly benefit themselves financially, and doing so legally, could…