AT&T Wireless Network Is More Stone Age Than 4G
Image by GlennFleishman via Flickr Back in the heady days of the Internet bubble, I remember my editor Dennis Kneale sitting in our offices in New York City’s Greenwich Village ranting and raving as...
View ArticleGerova Financial Group An NYSE-listed Shell Game: Report
New report blasts Gerova, cites "underworld" ties.
View ArticleI'm sick of Steve Jobs and the iHype
It’s a free country and people have a right to read about whatever they want. That doesn’t make it worth reading, however.
View ArticleGerova Financial Unit's Assets Were Questioned In SEC Wells Notice
The SEC raised serious doubts, but apparently decided recently to take no further action, concerning asset values reported to investors in Stillwater Capital Partners, a money management firm whose...
View ArticleWhat Crisis Commission Could Learn From Japan's Debt Bomb
Pointing Fingers Is Fun But Doesn't Prevent The Next Crisis.
View ArticleThe SEC: Looking Out For Wall Street
The Securities and Exchange Commission put out press release earlier this month that would be comical if it weren’t such a disheartening sign of the status quo. The commission announced it has...
View ArticleIs China the Enemy?
Egypt has in grabbed the world’s attention recent days and pushed last month’s visit to the U.S. by Chinese President Hu Jintao off the front pages. It shall return. The Sino-U.S. relationship is the...
View ArticleSAC Capital Case A Classic Fed Pincer Move
It’s up there with the Enron-Merrill Lynch Nigerian barge fraud. Manhattan United States Attorney Preet Bharara is claiming in a just-released criminal complaint that, after learning of a federal...
View ArticleFirstrade Offers Road to Retirement Poorhouse
To the pantheon of dumb, predatory Wall Street ideas comes a doozie from Firstrade: Day-trading your retirement account. The online broker doesn’t recommend this in so many words. Instead it put out a...
View ArticleGerova Financial Tanks As Woes Mount
Gerova Financial's stock has fallen 34% in two days.
View ArticleGerova Financial In Disarray Amid Stock Plunge
The ugly news is continuing to pour out fast and furious at Gerova Financial. The New York Stock Exchange-listed company has lost about 40% of its value in the past two days. Late Tuesday, Gerova, a...
View ArticleN.C. Treasurer Buried $771 Million Securities Lending Loss
When does a three-quarter billion loss go unreported? When it’s suffered by the North Carolina Department of the State Treasurer, which swept just such a red-ink spill under the rug for an entire...
View ArticleGAO Slams 401(k) Plans for Conflicts of Interest
The nation’s 401(k) retirement plans are riddled with conflicts of interest that are causing financial damage to tens of millions of savers, according to a Government Accountability Office report...
View ArticleGerova Financial RIP (if only)
Gerova Financial Group looks, for all intents and purposes, like a goner. If only things were ever so simple in what are truly the bowels of Wall Street. When I first raised questions about Gerova’s...
View ArticleWisconsin Shows Mix Of Unions, Pols A Recipe for Ruin
A politically inspired over-reaction. That’s how defenders of public unions are portraying efforts by Wisconsin Governor Scott Walker to prevent them from adding to an already staggering level of...
View ArticleDigicel's Denis O'Brien: Billionaire With A Cause
Irishman Denis O’Brien created a multi-billion dollar fortune, and won the rank of No. 254 on the just-released Forbes Billionaires list, by bringing cellular phone service to countries that less...
View ArticleThe Japanese Earthquake: It Could Have Been Worse
Video As someone who has lived in Japan three times for a total of 11 years, who served there as Forbes’ Japan bureau chief and who married a Japanese woman, my heart goes out to those suffering...
View ArticleJapan Earthquake To Have Limited Economic Impact: ING
The full extent of the economic damage from Japan's earthquake is as yet untold, but early indications are that it will be limited. That's the initial assessment of the Global Economics team at ING...
View ArticleU.S. Insurers Could Escape Japan Quake With Limited Damage
The Japanese earthquake off the coast of Sendai, measured at a magnitude of 8.9, could go down in history as the largest ever in the temblor-prone archipelago but also possibly the most expensive in...
View ArticleDispatch From Tokyo: A Scary Day As Death Toll Rises
This post was written by Yas Idei, a freelance journalist living in Tokyo and longtime friend of mine. The day after Japan’s giant earthquake has been a scary one for many of us in Japan. At 8:45p.m....
View ArticleDispatch From Tokyo: Living Through The Worst Crisis Since World War II
This post was written by Yas Idei, a freelance journalist living in Tokyo and longtime friend of mine. At 6:50 on Sunday evening (4:50 a.m. EST), my iPhone rang. The call was from Hitoshi Katanoda, a...
View ArticleDispatch From Tokyo: In Wake Of Disaster, Japan Is At War
This post was written by Yas Idei, a freelance journalist living in Tokyo and longtime friend of mine. At 11:01 a.m. Monday morning (9 p.m. Sunday night EST), a hydrogen explosion occurred at a...
View ArticleIn Tokyo, Shortages And Fear Now Abound
This post was written by Yas Idei, a freelance journalist living in Tokyo and longtime friend of mine. At 3:20 p.m. Monday afternoon (1:20 a.m. EST), I stopped by a big electronics store in Kichijoji,...
View ArticleIn Japan Reports Of Meltdown, Fukushima Evacuation
Here is a description of the scene around Japan's crippled Fukushima nuclear power plant. It was reported by phone by Hitoshi Katanoda, a photographer on the scene, who minutes ago called Forbes...
View ArticleJapanese Fears of Radiation Leak Mounting
This post was written by Yas Idei, a freelance journalist living in Tokyo and longtime friend of mine. At 6:14 a.m.(4:14p.m EST) another explosion occurred at the Fukushima nuclear power plant. Two...
View ArticleIn Tokyo New Earthquakes, Blackouts Add To Misery
This post was written by Yas Idei, a freelance journalist living in Tokyo and longtime friend of mine. Life is becoming more difficult each day in Tokyo, 300 kilometers from the epicenter of the...
View ArticleTokyo Residents Stoic Amid War-Like Conditions
The following is a description of what it's like trying to cope with life in Tokyo in the wake of last week's earthquake and tsunami. It was passed along to me by Ken Koyanagi, a reporter for a...
View ArticleAs Japan Nuclear Fears Rise, Faith In Government Plumments
Winter returned with a vengeance on Wednesday to Eastern Japan, including Tokyo. It was bitter cold and very windy. The good news was that the wind was blowing from the northwest and sending the smoke...
View ArticleCorrupt Bank Oversight Is Creating New Immoral Hazard
As word trickled out over the past few years that our law enforcers had punted on prosecuting one banking industry bum after another, I’ve frequently told friends it struck me as a glaring example of...
View ArticleBen Bernanke: The Manny Ramirez Of Monetary Policy
When Federal Reserve Chairman Ben Bernanke goes in front of the cameras this afternoon, much of the financial world will hang on his every word. This fact seems odd to me, given how horrible Bernanke...
View ArticleZuckerberg Beware: Education Gifts Often End Up In Rat Holes
The best intentions often clash with the worst union practices.
View ArticleA Credit Card Too Good For Schwab Customers
Even for people who pay their bills on time and maintain decent credit scores, credit card deals are getting decidedly less deal-like these days. Thanks goes at least in part to the unintended...
View ArticleSocial Media Idiocy: Brokerage Adds Facebook, Twitter Apps
Firstrade Securities' social media strategy encourages financial suicide.
View ArticleRattner Shows Cuomo, SEC Justice Is Corrupt, Not Blind
Justice is undermined as another financial bigwig gets a mere wrist-slap.
View ArticleIs Bernanke Inflating The Biggest Bubble Ever?
Fed chief's fixation on Great Depression raises hyper-inflation risk.
View ArticleHow To Refinance Your Home: A Personal Journey Part V
In which the author learns first-hand that the mortgage business is a mess.
View ArticleNYT vs. WSJ: Liberal Bias Vs. Conservative Bias?
Politics looks to be coloring “straight” news at top papers.
View ArticleBuy-And-Hold Vs. Active Investing: Which Do You Think Is Smarter?
Forbes experts hold opposing views and what to hear yours.
View ArticleAmerican Express Issues Platinum “Footnote” Card
Amex's Platinum Card pitch comes with 34 footnotes.
View ArticleNames You Need To Know in 2011: Mobile Money
Soon your cell phone will be replacing your wallet.
View ArticleRangel, Rattner Deserve To Share A Prison Cell
It’s unfair! That’s the whiney protests percolating from defrauders of the public Charles B. Rangel and Steven Rattner these days.
View ArticleWhy The Public Doesn't Trust Ben Bernanke
Cartoon contains truths about insane Fed policy that escape economics PhDs.
View ArticleThe High And Hidden Costs of Home Refinancing
How much is your time worth? The correct answer is “a lot” to you but next to nothing to cold, heartless financial institutions and government bureaucracies. If you’re thinking of refinancing your...
View ArticleBernanke Fears Inflation, Doubts QEII Will Work: Analysis
Federal Reserve Chairman Benjamin Bernanke fears inflation more than he cares to admit and lacks confidence that his plans to purchase $600 billion worth of Treasury bonds will stimulate the economy.
View ArticleThe Tragedy of Mark Madoff
Suicide of Bernie’s son illustrates the true cost of many cons.
View ArticleObama, Republicans Fiddle As America Sinks
Piling up debt amid a non-crisis poses grave risks.
View ArticleBest Buy's Problem Is It's Not The Best Buy
Best Buy needs to decide what it wants to be now that it's grown up.
View ArticleThe Case Against A Roth IRA Conversion
Unless your financial future is certain, a Roth IRA conversion may be less beneficial than you think.
View ArticleNYSE-Listed Gerova Financial Has Close Ties To Westmoore Ponzi Scamsters
Big Board company has troubling ties, tongues wagging.
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