By now, most have probably seen the headlines that a federal judge Steven Rhodes has ruled to allow the city of Detroit to proceed with a bankruptcy filing. The ruling will be appealed, but it promises to have a big negative impact on the city’s pension benefits, retiree health coverage and its municipal bonds creditors. Here are a few interesting […]
Read more“Risk is good – not properly managing your risk is a dangerous leap”—Evel Knievel For those of you that don’t remember or are that were born after 1980, Evel Knievel was a daredevil who jumped motorcycles ramp to ramp over things like buses, Mac trucks, rattlesnakes and failed at an attempt to jump the Snake River Canyon in Idaho. He […]
Read more“Toto, I’ve a feeling we are in Kansas anymore.” ~ Dorothy Gale, The Wizard of Oz The government shut down due to Congress being unable to come up with a budget deal, forcing about 800,000 federal workers off the job and suspending selected federal programs. On a recent trip to New Orleans, our shuttle driver said, “You are now leaving […]
Read more“An investment in knowledge pays the best interest.” Benjamin Franklin While it’s probably not what Franklin meant by the above quote, The College Payoff–a study published by the Georgetown University Center on Education and the Workforce concluded that college graduates as a group have lifetime earnings the are 85% higher than those whose formal education stopped with a high school […]
Read moreA huge Mom Corps Dallas welcome to James Mathis and Michael Young of Aspen Equity Partners! Be sure to catch their guest post the first Wednesday of every month. They will provide the previous month’s market snapshot (thank goodness) and provide a relevant financial tip to help all of us realize our goals. “Then one day you find, ten years […]
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