The Great Recession has wiped out jobs for millions of Americans, and many now face permanent unemployment. Hardest hit are older white men with less education.
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The British oil giant is worth billions of dollars less on the open market than it was when the Deepwater Horizon rig exploded -- and it faces billions more in liabilities.
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The fight over financial reform has made legislators such as Barney Frank and Chris Dodd fixtures in the headlines. Herb Kohl's name doesn't command that sort of attention, but it should: The Democratic senator from Wisconsin has embarked on reforms that could have a profound impact on the lives of millions of Americans. As chairman of the Senate's Special Committee on Aging, Kohl has become Congress's go-to leader on retirement issues.
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Alexander Hamilton founded the Bank of New York in 1784, J.P. Morgan gave his bank its eponymous name in 1895, and 31 businessmen of note established Fieldpoint Private Bank & Trust in 2008.
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Robert Arnott, resplendent in a purple-check jacket, purple-striped shirt, and purple-print tie, is regaling his staff with tales of his favorite hobby: chasing solar eclipses from the ice floes of Antarctica to the singing sand mountains of the Gobi Desert. The scene is the ritual daily luncheon inside the cavernous conference room at Research Affiliates, Arnott's fast-growing eight-year-old investment research firm in Newport Beach, Calif. On this sunny Thursday in April, Ph.D.s from as far away as China and Russia sample Turkish cuisine, share ideas for applying game theory to portfolio design, and swap ferocious forehands at the Ping-Pong table. It all has the loose, zany vibe of the cafeteria at a university research lab.
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We talked to the brightest money managers out there and asked them each for their single best stock pick.
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Lisa Jucha makes a comfortable living. But while she was growing up, money was scarce -- she describes her childhood as "financially difficult." She doesn't want to struggle like that again. Lately, Jucha, who is 45 and single, has begun to worry about what would happen if an accident or illness prevented her from working. She's especially afraid of losing her home. " I can't let a disability compromise what I worked and dreamed for," she says.
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With unemployment high and complicated health care changes under way, scammers see big opportunities. Here's how to avoid getting hurt.
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Tired of high mutual fund fees eating into your returns? Some retirement plans are starting to offer ETFs as alternatives -- but there are risks here, too.
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If you want to avoid problems with lenders, landlords, insurers and others, it pays to know the difference between credit fact and credit fiction.
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