Market watchers like me have long predicted a correction like this week’s Wall Street downer. Americans using the stock market to plan for retirement now have about 10% less than they did last week. That’s a crushing blow to people who need the money soon. For the rest of us….meh. [Keep reading]
Residents of Washington state’s Olympic Penninsula were given a scare Thursday night when an alarming message flashed across their TV screens in a bold, huge font: “RADIOLOGICAL HAZARD WARNING.” Local authorities — in this case, Jefferson County 9-1-1 services — quickly took to Facebook to identify the message as a [Keep reading]
The sharing economy has spawned some crazy ideas, but leaving the keys to your car IN your car and telling the world where it is might be among the most peculiar. That’s precisely how car sharing apps like Getaround, the AirBnB of rental cars, work. And while there are security [Keep reading]
One of the most ominous mysteries surrounding the massive Equifax hack in 2017 — that the stolen data does not appear to have been used for any crimes — has apparently been solved. The U.S. Justice Department said on Monday that the Chinese government was behind the notorious hack, indicting [Keep reading]
Little things mean a lot. Just ask Visa and Mastercard, which has created a reliable billion-dollar worldwide industry by charging a few extra pennies with every transaction. So as you read this story about my anger over a rogue $2.50 fee, please keep that in mind. I don’t care about [Keep reading]
I’d love to retire the concept of Gotcha Capitalism. Unfortunately, it’s going nowhere. Companies continue to use fine print, manipulation, and information advantage to screw and cheat consumers out of nickels and dimes — at a scale that nets them billions of dollars and wrecks our market economy. I recently [Keep reading]
Bob Sullivan