Riding a crest of populist anger, the House cleared a bill to rein in credit card practices and eliminate sudden increases in interest rates and late fees that have entangled millions of consumers. The legislation passed by a bipartisan vote of 357-70 and follows lobbying by President Obama.» E-Mail This     » Add to Del.icio.us Read more ...

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On the Wall Street Journal blog The Wealth Report, Robert Frank makes a good point:There is a growing consensus that the rich have lost about a third of their wealth. First came the U.S. surveys, which show millionaires down about 30%–both in wealth and population–as a result of the global financial crisis. Over the weekend ...

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Everything you thought you knew about diversification is wrong. So is everything you thought you knew about portfolio risk. It took the meltdown of September and October 2008 to flesh out the story, but the plot outlines have been in place since the 2000 tech-stock bust. Read more about Jane Bryant Quinn...

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Why does it take so long in the bank? I spent over an hour in the bank this morning. Last month, before they moved my friendly little “Bank in the Mall” to its new quarters in a big building, everything happened instantly. I would walk in; both clerks would greet me by my first name with ...

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The federal stimulus plan is giving states $5 billion to make leaky homes more energy efficient. But there's a shortage of qualified contractors to do the work, and trainers are scrambling to get more builders up to speed on weatherization. David Sommerstein reports.» E-Mail This     » Add to Del.icio.us Read more about Weatherizing Contractors In ...

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