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December 20, 2014
Truthdig: Drilling Beneath the Headlines
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Tag: Finances


IRS Seizes Money From Guiltless Americans on Mere Suspicion

A controversial area of law empowers the IRS to confiscate significant sums of money from “run-of-the-mill business owners and wage earners without so much as an allegation” and “without ever filing a criminal complaint,” leaving the owners “to prove they are innocent,” The New York Times reports.

Posted on Oct 26, 2014 READ MORE



daily sunny (CC BY 2.0)

Long-Term Joblessness Taking Toll on Men

A recent report by the Bureau of Labor Statistics found that more than one in four American males taking part in a longitudinal study had endured at least one period of extended unemployment during their working lives.

Posted on Aug 20, 2013 READ MORE



Flickr/ 401(K) 2013

Are Single People Getting Financially Screwed?

According to Lisa Arnold and Christina Campbell, singles can pay as much as $1 million more over a lifetime than those who are married, simply because of their marital status.

Posted on Jan 15, 2013 READ MORE



Flickr / slynkycat

Poverty Wrecks the Mind, Not Just the Wallet

Research conducted over the last two decades lends powerful credence to the claim that chronic poverty cripples an individual’s ability to make sound financial choices, with each decision exacting a “psychic cost” that diminishes the mental fortitude needed to make subsequent tough choices. (more)

Posted on Jun 12, 2011 READ MORE


Fastow: Enron’s Lay ‘Lied About Enron Finances’

The energy company’s former CFO testifies that Ken Lay, the former CEO, lied about the company’s financial situation in the months before the company’s collapse.

Posted on Mar 9, 2006 READ MORE


Family Savings Look Scary Across the Board

The Federal Reserve finds that the average family has only about $3,800 in the bank, no retirement account and no stocks or bonds, and can’t pay off a $2,200 credit card balance.
Pretty grim…. But don’t fear. Tax cuts for the rich will make everything all better.

Posted on Mar 5, 2006 READ MORE


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