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personal finance

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Capitalism brings an unwelcome focus on how much life costs, some Russians say

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During the Soviet era, many Russians say they didn't really worry about how much things cost. Choices weren't abundant so you made do with what you could get. And things were cheaper.
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VIDEO: U.S. and allies levy new, stricter sanctions on Iran

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The United States was joined by two of its closest allies in imposing a new round of financial sanctions on the Iranian banking system, seeking to up the pressure on Iran as it continues what the west says is its pursuit of nuclear weapons.
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America's middle class: New study suggests it's shrinking

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The middle class in the United States is shrinking. Fewer jobs pay enough to provide the sort of disposable income that was the hallmark of the middle class. Is there anything we can do about it?
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German composer becomes Internet sensation after putting economic collapse to music

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A German musician is making waves on the Internet by turning financial data into often-depressing musical arrangements. Johannes Kreidler has tied musical notes to falling stock prices.
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Activist plan 'Bank Transfer Day' for Saturday, encourage using credit unions

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A Los Angeles activist is encouraging Americans to take their money out of the big banks and transfer it to smaller, local credit unions. The protest is in the wake of increased fees from big banks.
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It's official: Bank of America cancels plans for $5 monthly debit card fee

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In the face of protests and customer displeasure, Bank of America will abandon its plan to implement a $5 per month fee for users of their debit cards. The story was broken by Reuters.
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Bernie Madoff and his wife attempted suicide, Ruth Madoff reveals in interview

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In interviews with 60 Minutes and the New York Times, Ruth Madoff admitted for the first time that she and Bernie Madoff attempted suicide shortly after his Ponzi Scheme began to unravel.
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The Tavis Smiley Show's "Poverty in America" – Seniors

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9 million older adults don't know where their next meal is coming from. Making ends meet is a daily struggle.
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Bank foreclosures picking up pace; mortgage modification programs fail

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A new investigation has discovered that the much ballyhooed home mortgage modification programs have all failed and now banks are picking up the pace of foreclosures.
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High-tech companies say they can't find people to hire

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High-tech companies say it’s difficult to find and recruit talent, because there is a dearth of qualified engineers and other technical job seekers.
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