Maybe individual investors can’t fix the broad regulatory breakdown that has allowed financial frauds to occur, like dodgy mortgage-backed securities and Bernie Madoff’s pyramid scheme. But they can take steps to protect themselves against unscrupulous financial advisers. Knowledge is the best weapon. The more investors know, the less likely they are to be taken advantage of by a dishonest broker. Here are four ways you can ensure your broker is following the rules:
Captain Kirk never said "Beam me up, Scotty!" Ilsa Laszlow never said, "Play it again, Sam," and Sherlock Holmes never said, "Elementary, my dear Watson." But these misquotes remain firmly lodged in the public consciousness, even though they appear nowhere in the original works. The same is true for things "said" – that is, widely attributed to, but not actually said – by political figures. Sometimes a misquote is cooked up by opponents or parodists as a way of discrediting or mocking the figure. Sometimes a line is attributed to a widely admired person as a way of making it sound more authoritative, like when someone co-signs a loan. And sometimes it's just a mistake. Here are 10 of the most widely believed – but completely bogus – things ever "said" by political figures.
The news this week of a hacker attack against hundreds of prominent users of Google Mail has served up a reminder: The security of digital information is often tenuous, despite many safeguards now in place. What can you do to protect against an invasion of personal information? Here are tips from Google and other privacy experts to make a data breach less likely:
Mitt Romney, who declared his candidacy June 2 in New Hampshire, has been groomed to run for president. He has the look and the political lineage. He’s been a governor, the quintessential training ground. And he’s essentially never stopped running since he conceded his first White House bid three years ago.
Today is Jerusalem Day in Israel, the anniversary of the day in the 1967 war when Israel took the Old City and East Jerusalem from Jordan. More than 40 years later, Jerusalem remains one of the largest hurdles to resolving the Israeli-Palestinian conflict. Israel insists Jerusalem is its ‘undivided and eternal’ capital while Palestinians insist on securing a capital in East Jerusalem. Here are three reasons why Jerusalem is so important to both sides.
Some of this summer's most interesting books will taken you traveling: from suburban Vermont to 19th-century Paris, from the sweltering Amazon to 1950s communist China, and from psychological thriller to sci-fi apocalypse. Here are seven of the titles that drew the most enthusiastic thumbs-up from the editors at Amazon.com.
Ratko Mladic, the Bosnian Serb Army leader who is considered responsible for the Srebrenica massacre, arrived in The Hague Tuesday. He will be placed in the same detention center as the others facing trial in the International Criminal Tribunal for the former Yugoslavia (ICTY). Mr. Mladic faces the prospect of spending the rest of his life in detention, but as detention centers go, the 'Hague Hilton,' as it is sometimes called, may not be such a bad place to stay.
"Follow your bliss." "You can be whatever you want to be." "Never give up." Google reveals those three platitudes to be the ones most often spoken at commencements, according to Richard Stengel, managing editor of Time magazine. Many speakers, however – including Mr. Stengel – offered more insightful advice to college graduates this spring. Here are the Monitor's hand-picked highlights from the 2011 season.
Summer is the season of eating outdoors. Typically, that means food that is either grilled or packed into portable containers and served cold. From the Monitor's archives, here is a list of 15 recipes – some exotic, some traditional, and all delectable – to help you prepare for your next picnic, barbecue, or day at the beach.
Memorial Day is the start of the summer driving season. Before you drop off your car at the local mechanic to get it in tip top shape, consider saving some money by performing these basic maintenance repairs yourself. I know what you're thinking: Grease? Auto parts all over the garage? Don’t worry. I got together with our expert mechanic team at AutoMD.com to come up with car repairs that are so easy, just about anyone can do them while keeping their hands (mostly) clean. The average car owner should be able to complete all five jobs in about an hour and save nearly $200. Here are our Top 5 easiest auto repairs:
Bosnian Serb military leader Ratko Mladic was arrested Thursday in Serbia, more than a decade after a warrant was issued for his arrest for his involvement in the Bosnian war of the 1990s. He was indicted by the International Criminal Tribunal for the Former Yugoslavia for crimes against humanity, genocide, and war crimes in 1995 and the international arrest warrant soon followed.
It's undeniable the middle class is growing in China, Brazil and India. But in the US, the term "middle class," is notoriously vague. Almost everyone, it seems, identifies themselves as middle class, regardless of wealth, income, profession, or education. That's why most politicians will describe policies they oppose as "punishing the middle class" and policies that they support as "helping the middle class." One popular definition, provided by The Drum Major Institute for Public Policy, identifies American families as middle class if they have incomes between $25,000 and $100,000 each year. That's a wide spread, but a perhaps a useful one: If you see someone who makes $75,000 a year more than you as belonging to your class, you're much less likely to revolt against them. But is it true? Grab a pencil and piece of paper – or a Mont Blanc pen and some embossed gold floral deckle edge stationery – and take our quiz to find out where you stand in America's socioeconomic pecking order.
Joplin tornado, as Sunday's twister has come to be called, is blamed for more than 100 fatalities in the southwest Missouri community. It's the latest in a string of tornadoes this spring. Though hurricanes and earthquakes tend to do more financial damage per event, tornadoes and related events have been responsible for an average 57 percent of all insured catastrophe losses in the United States since 1953, according to a 2009 study by insurance credit-rating service A.M. Best. Not counting the Joplin tornado, where damage assessments have only begun, here’s a look at the five most financially devastating tornadoes in the US, according to the A.M. Best study and federal estimates (reported in 2011 dollars):
President Barack Obama put the little town of Moneygall, Ireland, with its population of approximately 300, on the map today. A local religious leader discovered Obama’s roots could be traced to a great-great-great grandfather believed to have been baptized at his church there. Mr. Obama’s visit today sent the town into a flurry of preparation (and gimmicks) in honor of its famous “son” – arguably the most powerful man in the world. Here are some highlights of that prep:
Tim Pawlenty wants a White House ending to his rags-to-riches rise. The former governor declared his candidacy for president May 22 in a video released on his website. The grandson of German immigrants and the first in his family to attend college, Pawlenty is hoping his foes’ flaws are his ticket to victory.
Herman Cain, who announced his candidacy for president at an Atlanta rally May 21, aims to bring a new slogan to the White House: “Yes, We Cain!” Seriously, folks. The pizza magnate, aka the ‘Hermanator,’ is staging a full-on charm offensive, hoping his Southern-fried charisma, business savvy, top performance in the first GOP debate, and media prowess are enough to offset his fundamental flaw: zero political experience.