NYC To Stop Paying Teachers

The city will end the practice of paying teachers to play Scrabble, read or surf the Internet in reassignment centers nicknamed “rubber rooms” as they await disciplinary hearings, Mayor Michael Bloomberg and the teachers union announced Thursday. The deal will close the centers, where hundreds of educators spend months or years in bureauratic limbo, costing […]

10 Big Commercial Real Estate Busts

As acute as the pain has been in the U.S. housing market, commercial real estate has been no stranger to trouble. Here is a glimpse of some high-profile victims that have been claimed so far. 1. Stuyvesant Town & Peter Cooper Village Loan balance: $3 billion Size: N/A Location: New York, N.Y. It was the […]

Billionaires Who Live Below Their Means

At least once in your life – maybe even once a week or once a day for that matter – you have fantasized about coming into a lot of money. What would you do if you were worth millions or even billions? Believe it or not there are millionaires and billionaires among us who masquerade as relatively […]

Pay Garnishments Rise as Debtors Fall Behind

When the bank sued Leann Weaver for not paying her credit card balance, her reaction was typical for someone in that situation. Personal and financial setbacks weighed her down, and she knew she owed the $2,470. So she never went to court to defend herself. She was startled by what happened next. When she swiped […]

How To Reduce Your Electricity Bills

There are a bunch of little tricks you can employ to cut back on power consumption at home—which not only has environmental benefits but keeps you from wasting cash too—and it’s highly unlikely you’ll even notice a difference. Between the National Resources Defense Council’s site and powerscorecard.org I found some really good tips. Here’s a […]

Stressors Sapping the Middle Class

We all know about keeping up with the Joneses. Now, the Great Recession and the jobless recovery have introduced a new socioeconomic phenomenon: slip-sliding with the Smiths. Working harder for less is the new normal–for those lucky enough to have a job. Millions of families are giving up comforts they long took for granted, such […]

The Richest States in America

Ever wonder how wealthy the people are in your state? Well, we do. So we decided to do a little searching and came up with a list of the states that have the most (and fewest) millionaires. To get these numbers, we used a report from Phoenix Marketing International, which determined the number of millionaire […]

New Ways to Tame Credit Card Debt

Here’s what credit card companies can and can’t do — and what you must know to reduce your costs and protect your credit rating. Watching Your Credit Card Debt Stack Up? As the economy continues to sputter along, I’ve been hearing a small but growing chant throughout the land (think Horton hears a ka-ching) that […]

The Worst Small SUV Money Pits

To hear the media tell it, everyone wanted a hulking, gas-guzzling Cadillac Escalade before the recession hit. Now, humbled, we all want a tiny, fuel-sipping Nissan Versa. Neither picture is quite true. As many car-shopping Americans have discovered, the right solution for many of us splits the difference – a compact SUV. Today’s small sport […]

IRS Holds $1.3 Billion in Unclaimed Refunds

Forget about your 2009 tax return for a minute. If you didn’t file one for 2006, you might be missing out on some money from back then. But you’re quickly running out of time to claim it. Three years ago, more than 1.4 million individuals apparently decided they had better things to do than file […]