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THE RED TAPE CHRONICLES

Technology has hidden side effects -- we reveal them here

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Gotchas / Consumer

Don’t buy a new car just yet: Some say there’s trouble brewing in the car loan market

March 8, 2016 Bob Sullivan 0

(NOTE: I wrote this piece for Credit.com recently. Here’s the rub: Car sales are at record highs, fueled in part by car friendly loan terms. If cynics are right, that will eventually end badly and there will be a) a flood of used cars on the market from buyers who [Keep reading]

Cybercrime / Privacy

The threat from ‘first-ever’ Mac ransomware is low, but the potential is scary

March 7, 2016 Bob Sullivan 1

You’re going to see a lot of headlines today about a nasty ransomware program named KeRanger that tries to extort Apple / Mac users by encrypting their files and charging ransom for the unscrambling key.  Infected users must pay the virus creators today or risk losing use of their data.  Here’s [Keep reading]

Cybercrime / Privacy

Crime *does* pay — hackers earn about $40 an hour. But black hats who turn white get a big raise

March 4, 2016 Bob Sullivan 1

Crime does pay! About $28,744 per year, figures researcher Larry Ponemon. But that’s a quarter of the income that security pros make, so mommas, don’t let your babies grow up to be hackers. Hackers’ hourly rate suffers too. Computer criminals make about $40 an hour, compared to a little more [Keep reading]

Cybercrime / Privacy

Can behavioral economics make people more honest? (and help cut your insurance rates)

March 3, 2016 Bob Sullivan 0

The Internet, and the sharing economy, have changed the way we buy everything — from books to mattresses to “hotel rooms” to taxi rides. Now, it’s the insurance industry’s turn. A series of startups promise disruption of this product consumers love to hate. (Sorry, Flo.) Even well-known author Dan Ariely [Keep reading]

Gotchas / Consumer

They’re baaaaack…..home equity loan activity surges; will houses become ATMs again?

March 2, 2016 Bob Sullivan 0

American mortgage holders are optimistic that equity in their homes is rising, and that’s helping fuel— for better or worse — a huge increase in home equity lending, this has homeowners who are over 50 exploring their options and beginning to think about equity release and whether or not it [Keep reading]

Features

‘Monopoly money’ is going away, but that’s not the real scandal, says the woman who wrote the book on Monopoly

March 1, 2016 Bob Sullivan 0

There was much hand-wringing recently when Hasbro announced that it would make the popular board game Monopoly cashless.   Now, players will use something more like credit cards. “My kids won’t learn math,” yelled parents everywhere, in perhaps the biggest indictment ever of the way Americans learn math.   In [Keep reading]

Gotchas / Consumer

Verizon FIOS is a good deal, until you add it all up, then it’s a confusing (bad?) deal

February 29, 2016 Bob Sullivan 0

I often think of FIOS as the good guy in paid TV – mainly because consumers seem genuinely happy with the product. It’s a little pricey, but the Internet speeds and channel choices seem to satisfy most people.  More important, whenever FIOS arrives in a neighborhood, prices go down and [Keep reading]

Cybercrime / Privacy

Keep Netflix ‘free’ — Don’t share your account with hackers (you might be)

February 26, 2016 Bob Sullivan 1

If a hacker was “sharing” your Netflix account, would you know? And should you care? Security firm Symantec recently warned that around the world, hackers have created a thriving black market in stolen — well, let’s call it “shared” — video service accounts. It’s easy to see how this happens. [Keep reading]

Gotchas / Consumer

Your cable bill is probably $100/month; here’s why it should be closer to $35

February 25, 2016 Bob Sullivan 1

Cable TV prices are high, and rising faster than most other prices. But you knew that. What you probably didn’t know is that the average cable bill would only be $35 per month, as opposed to $99.10 per month, had pay TV prices tracked with inflation during the past two [Keep reading]

Promised Land

Search for The Promised Land: In Kansas City, you can make it on your own

February 23, 2016 Bob Sullivan 0

When the Kansas City Royals won baseball’s World Series in November, much of small-town America was rooting for them. The small-market Royals had been terrible for decades, unable to compete with big-money teams like the New York Yankees. So while rivals from Los Angeles, New York, San Francisco, and Washington, [Keep reading]

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About me

BOB SULLIVAN is a veteran journalist and the author of four books, including the 2008 New York Times Best-Seller, Gotcha Capitalism, and the 2010 New York Times Best Seller, Stop Getting Ripped Off! His latest, The Plateau Effect, was published in 2013, and as a paperback, called Getting Unstuck in 2014. He has won the Society of Professional Journalists prestigious Public Service award, a Peabody award, and The Consumer Federation of America Betty Furness award, and been given Consumer Action’s Consumer Excellence Award.

Bob Sullivan

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