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I was asked the other day, "what is the best advice you'd give someone with regards to investing?" My first thought was to say something that sounded intelligent and would make a good impression. After a second, I thought better of that and answered simply, "Start." They were taken aback and replied...

I ran into a friend the other day and nearly didn't recognize him. That tends to happen when over the course of a year, your friend lost 170 pounds! It's impossible not to be happy for someone who's accomplished such a feat, and I had to know, "how did you do it?!" His response of "eating well an...

According to former Congress members Chris Cox and Bill Archer, writing in the Wall Street Journal: Why $16 Trillion Only Hints at the True U.S. Debt The actual liabilities of the federal government--including Social Security, Medicare, and federal employees' future retirement benefits--alread...

Every two months, more than a dozen bankers meet here on Sunday evenings to talk and dine on the 18th floor of a cylindrical building looking out on the Rhine. The dinner discussions on money and economics are more than academic. At the table are the chiefs of the world's biggest central banks, repr...

Driving to work this morning, the fine folks on 1180 WHAM were sharing their thoughts on what they would do with the estimated jackpot of $500 million should their numbers be called. It got me thinking. Did you know that that you have a better chance of picking a perfect NCAA tournament bracket or b...

WHAT: We will be hosting an open forum covering updates on Kodak's financial and legal situation, health insurance options for retirees and information on Medicare benefits. WHEN: Tuesday, December 4, 2012 at 5:00pm WHERE: Greece Town Hall, Community Rooms A & B 1 Vince Tofany Boulevard, Rochester,...

After the September 11th attacks in 2001, US financial markets were closed for a week. Such a closure was unprecedented, as markets operate on the premise that investors must always be able to transact - the core principle of any marketplace. The implied liquidity that investors get from open market...

As I stood in line this past Sunday at Wegmans, amidst the usual sea of candy bars, energy shots, and chewing gum, I was faced with a dilemma. As I stared down my favorite pack of gum, I couldn't decide whether to buy or leave it alone. Luckily, my phone's calculator helped my answer the question as...

Over the better part of 30 years I have seen plenty of ups and downs in the financial markets, but nothing compares to the bedlam - the pure panic - that gripped Wall Street and much of the rest of America twenty five years ago today. It was October 19, 1987, and when the New York Stock Exchange ope...

Yesterday we learned that the bankrupt Eastman Kodak Company has reached agreement with the court-appointed "1114" retiree group (named after a bankruptcy code clause covering retiree benefits) to terminate health care benefits for all retirees effective December 31st of this year. No, this wasn't a...