Politicians Determined to Make Online Shoppers Pay

Since the dawn of the internet, shoppers who take a risk by purchasing something online that they can't see or try on experience enjoyed a small (albeit legally grey area) kickback: avoiding the sales tax they'd pay if they bought the same item from a brick-and-mortar (or, you know, drywall-and-vinyl siding) store.… » 7/17/14 7:45pm 7/17/14 7:45pm

Ladies Are Good at Money, When We're Not Terrified of It

Let’s face it: Even though women live longer than men and will logically need more money in the long run, we aren’t so into financial planning. It's our fear of being a bag lady that keeps (most of) our savings accounts flush, but we’re don't always invest our yams elsewhere. However, the tide may be turning. » 3/31/14 12:00pm 3/31/14 12:00pm

Sallie Mae Publicly Shamed For Harassing A Dead Law Student's Family

Thanks to heavily lobbied-for changes to laws governing debt collection, student loans don't vanish after the loan holders declare bankruptcy. Nor do they vanish when the loan holder dies. Some loan companies have policies in place that erase student debt accrued by a deceased person; others do not. And the ones that… » 1/16/14 6:30pm 1/16/14 6:30pm

Finance Dude Asks Clients to Vote For Him in Sad Sexy Banker Contest

Even though the title of sexiest banker was given out long ago (Meredith Whitney, duh), some who work in finance remain unsatisfied, I guess. What other possible explanation would there be for a banking career website to sponsor a "sexiest banker poll" and invite users to vote? And what deep, all-consuming sadness… » 10/03/13 4:20pm 10/03/13 4:20pm

Surprise! Big Banks are Sexist Bro Fests

Bank of America has to cough up $39 million after settling a lawsuit alleging that its Merrill Lynch brokerage arm systematically discriminated against female employees, passing them over for promotions, shutting them out of lucrative partnerships, and otherwise blocking their pathways to professional success. That… » 9/10/13 1:40pm 9/10/13 1:40pm

Sexist Dingbat Larry Summers Might Be the Next Federal Reserve Chair

Lawrence "Larry" Summers is the front-runner to succeed Ben Bernanke as chairman of the Federal Reserve when he steps down in January, even though Janet Yellen is more qualified — and doesn't think women are bad at math because they have puny ladybrains and selfishly choose to stay home and raise children. Why?… » 7/24/13 5:30pm 7/24/13 5:30pm

Billionaire Investor Blames Boobs, Babies for Lack of Female Traders

Paul Tudor Jones is 58 years old. He is a hedge funder. He is one of the richest men in America. He is probably a Republican. He predicted the 1987 market crash (see below). On Wednesday, we also learned that he holds some sexist beliefs about women because of most of the characteristics just listed. » 5/24/13 11:44am 5/24/13 11:44am

New Report Suggests Women Don't Have the Ballin' Investment Portfolios…

A new report about the sundry ways American men and women nurture their personal finances suggests that women aren't daring enough with their investment portfolios. Financial prudence may seem like a virtue, but some money wizards would really like to appropriate Sheryl Sandberg's "lean in" phraseology and see women… » 3/22/13 6:40pm 3/22/13 6:40pm

Lady Investors Are Rare, Suggests Lady Investor, Because Women Worry…

Springboarding off of an infamous USA Today infographic (and utilizing a handy Wild, Wild West conceit), finance oracle Whitney Johnson tried her darnedest to unravel the mystery about why female leaders are still a relative rarity in the wide world of investing. It's certainly a puzzle, because, although women are… » 12/30/12 3:30pm 12/30/12 3:30pm

Hedge Fund Ladies: You're Never the Right Age to Succeed

If you happen to be a lady and you happen to have aspirations are followed by at least seven zeroes and preceded by a dollar (or pound, or Euro) sign, it's time for some real talk: no matter how old you are, you're too something something to succeed at a hedge fund. Have you considered an alternate field? Perhaps… » 6/27/12 7:10pm 6/27/12 7:10pm

Men Probably Too Hormonal and Moody to be Trusted with Important…

News from the world of science with some pretty grim implications for the global economy as it currently exists: men — rational, level-headed, decisionmaking men — aren't actually very well equipped to handle important financial decisions at all; it's like they're getting the male equivalent of their periods, but all… » 6/11/12 1:30pm 6/11/12 1:30pm

Broke-Ass Millennials Are Spending More On Luxury Goods Than Ever Before

A new survey of credit-card spending indicates that members of the generation known as Millennials are increasing their spending on "luxury" items — designer clothing and accessories, tech gadgets, jewelry, etc — faster than any other age cohort. Their parents, the Baby Boomers, still spend far, far more on luxury… » 5/18/12 10:20am 5/18/12 10:20am