Why the S&P Downgrade of U.S. Debt was Right on the Money

The S&P downgrade of U.S. debt from AAA to AA+ reminds me of the Christian Bale’s character (Dicky Eklund) in the movie, The Fighter. We’ve been walking around like we’re the “pride of Lowell,” but now we’ve been slapped down to reality. If there’s any doubt about this, check out what China had to say […]

Published or Updated: August 9, 2011

Will Gas Prices Hit $5 a Gallon In 2011?

Michael Pruser

In an article released earlier this week by the Associated Press, it was estimated that gas prices could fall by more than 50 cents a gallon this summer.  While this is certainly welcomed news, it doesn’t suggest just how high has prices can become by the end of the year.  During a typical year, gas […]

Published or Updated: December 17, 2011

Should the Debt Ceiling be Raised Without Spending Cuts?

Although the death of Osama Bin Laden has monopolized the news since Sunday night, lurking just behind the front page is big financial news–the debt ceiling. The debt ceiling caps how much the federal government can borrow and is currently set at $14.294 trillion. Let’s look at the number with all the zeros added in–$14,294,000,000,000. […]

Published or Updated: May 3, 2011

The Online Poker World Has Been Shutdown in the United States

Michael Pruser

I’ve been playing poker for a long time.  When I was in college, I used to house a weekly poker night which became quite popular.  We started by just having a handful of players each week but as word got out, more people kept wanting to pay.  The buy in was just $20 but toward […]

Published or Updated: April 16, 2011

How Will a Government Shutdown Affect Workers?

Our government is currently entrenched in a game of chicken, with both political parties staring each other down to see who blinks first. At stake is the passing of a spending bill, which is essential to keep our government running without interruption. If no agreement is reached by April 8th, then the government will not […]

Published or Updated: April 7, 2011

2011 American Silver Eagle Coins Just Released

The U.S. Mint just released for limited distribution the 2011 American Silver Eagle. Having purchased twenty 2010 Silver Eagle coins last year (pictured right), I had to snap up another 20 of the 2011 coins. They are simply stunning. You can purchase these coins either in proof or uncirculated. I’ve always gone with the uncirculated […]

Published or Updated: September 22, 2011

TIPS Auctioned at Negative Yield (And What It Means For Consumers)

Yesterday was a big day in the world of TIPS (Treasury Inflation-Protected Securities). For the first time ever, the government auctioned off 5-year TIPS at a negative yield of 0.55%. In other words, people actually paid more than the face value of the bond. So why would investors do such a thing, and more importantly, […]

Published or Updated: October 26, 2010

AMEX National Money Talk Night $150 Giveaway!

Michael Pruser

The National Money Night Talk has come and gone, but that doesn’t mean you should stop the conversations with your kids about money! For the past month we’ve been hosting giveaways in honor of National Money Night Talk. For those of you who don’t know, American Express teamed up with personal finance expert Jean Chatzky […]

Published or Updated: September 28, 2010

New Health Care Benefits That Take Effect TODAY!

Photo: Lower Columbia College Today marks the beginning of the earliest provisions of the new health care reform signed into law by President Obama on March 23. If you’re a little hazy about all of the provisions created by that law, check out 26 quick facts about the changes the health care industry.  For now, […]

Published or Updated: April 5, 2013

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