Almost 80 percent of National Football League players are flirting with bankruptcy two years after they retire, according to Sports Illustrated. NBA players aren’t faring much better. 60 percent of former National Basketball Association players end up broke within five years of retirement. Athletes squander millions of dollars due to bad decisions, lavish spending and […]
Category Archives: Finance
Value of the Trump Name
A court battle between billionaire investor Carl Icahn and a group of bondholders allied with Donald Trump over control of three Atlantic City casinos has become something of a referendum on the value of the Trump name. Mr. Trump took the stand Thursday in U.S. bankruptcy court here seeking to salvage an ownership stake in […]
Towns where land is still free in the U.S.
As small towns suffer from a continuing flight from rural toward-more urban living, some economic development groups and governments in these troubled areas have chosen to stay and fight. The Homestead Act of 1862 is no longer in effect, but free land is still available out there in the great wide open (often literally in […]
How to save $1,000 by the holidays
If you’re like many people, at the beginning of every year you resolve to get your finances in better shape by paying off debt and adding to your savings. But like many resolutions, the reality often doesn’t meet the goal. All is not lost. There are still five full months left in the year — […]
Cities Weigh Chapter 9
Just days after becoming controller of financially strapped Harrisburg, Pa., in January, Daniel Miller began uttering an obscure term that baffled most people who had never heard it and chilled those who had: Chapter 9. The seldom-used part of U.S. bankruptcy law gives municipalities protection from creditors while developing a plan to pay off debts. […]
Is Sovereign Debt the New Subprime?
Is Sovereign Debt the New Subprime? That’s a question many on Wall Street are asking as 2009 comes to a close. Just as many subprime borrowers were unable to make their mortgage payments in 2007 and 2008, investors now fear certain nations will be unable to pay their debts in the year ahead. Rising mortgage […]
Jobs That Pay $50K And Up!
Get the education you need to hit the magic salary number of $50,000. Does a salary of $50,000 per year sound good to you? Is this your magic number? We have some good news: landing a $50K job might be easier than you think with the right education and training. Check out these 8 jobs […]
10 Places NOT To Use Your Debit Card
Debit cards have different protections and uses. Sometimes they’re not the best choice. Sometimes reaching for your wallet is like a multiple choice test: How do you really want to pay? While credit cards and debit cards may look almost identical, not all plastic is the same. “It’s important that consumers understand the difference between […]