(Keith Williamson) For many years, banks relied on overdraft fees and sudden interest rate hikes to pump up profits. But recent financial sector reforms have largely outlawed these practices. And while consumers are no doubt jumping for joy, the banks are not quietly accepting the loss of billions of dollars in annual profit. Instead, they [...]
Archive for August, 2010
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Policy tools that could lower interest rates further
August 31st, 2010 
admin Even though the overnight interest rate has been stuck near zero for 20 months, are there options available to the Federal Reserve or the U.S. Treasury to bring longer-term yields down further? I have been looking into this question with Cynthia Wu, an extremely talented UCSD graduate student. We present our findings in a new [...]
4 Ways to Bug Your Boss for More Money – and Get It!
August 31st, 2010 admin Everyone knows we’re in a recession, but let’s face it: You may deserve to get paid much more than what you’re getting now! Before you blow off the idea that your work is worth a bump in the pay scale, check out these four clever tips for putting in a good word about your worth. [...]
Cheating No Longer Pays in Markets: How Messed Up is That?
August 31st, 2010 admin What kind of world is this where rigging and then handily beating analyst earnings estimates doesn’t pay off? Capital markets where cheaters don’t prosper are hardly worth hanging around in, are they? Oh, wait. [via Bloomberg] View full post on Paul Kedrosky’s Infectious Greed
CenturyLink’s execs are paid to stay…
August 31st, 2010 admin CenturyLink (CTL) got some attention last week for an 8-K it filed, reporting that shareholders of CenturyLink and Qwest Communications International, Inc. (Q) overwhelmingly approved a merger proposal. But the company also filed a second 8-K, which received no real attention, even though it involves more than $10.2 million of shareholders’ money. That filing disclosed that CenturyLink (formerly [...]
