Economics

Stay at home or to work : What is the financial & professional price?

Some of our friends are pregnant or have just had a baby. So the conversation of staying at home or going back to work after maternity leave comes up fairly often. When I expressed my interest to stay at home for a couple of years after we start our own family to one of the [...]

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Occupy Wall Street (Los Angeles) – Why, what, where, when, who & how, in their words

I first saw the news about #occupywallstreet about 6 months ago, but I ignored it. Some folks were protesting about something related to politics, so I moved on. Then soon my Twitter feed started picking up a number of mentions about the protests.   The protests which I thought were localized to NYC, quickly became #occupydc, [...]

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A Peek into President Obama’s Personal Finance

The White House made financial disclosure reports for President Obama and Vice President Biden available last week. High-level federal officials must annually disclose their personal financial interests under the Ethics in Government Act of 1978. I couldn’t resist my voyeuristic interest in knowing how much our President earns, saves and how he invests. He is [...]

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What does the Tax cut deal mean to me?

Update: This bill has been approved and signed into law on December 17th, 2010. President Obama has signed into law the tax cut bill to temporarily extend the Bush tax cuts for all Americans, including the wealthiest.  This deal not only extends the tax cuts from the Bush era but also adds some concessions made by [...]

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Price of prestige : Are elite schools worth the money?

This time of the year, excited seniors (and nervous parents ) are filling out applications, polishing essays, feverishly searching for scholarships and starting to tour different college campuses. One thing I notice in the college boards is that people automatically assume that the Ivy league schools are out of reach for their budget. Why? I [...]

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How much does it cost to raise a child?

I tell you that virtue is not given by money, but that from virtue comes money and every other good of man – Socrates   The U.S Department of Agriculture (USDA) recently came out with its latest figures on the cost of raising a child. The title should have read “How to scare the heck [...]

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Credit cards take from the poor and give to the rich?

A couple of weeks ago, I read about a study in Wall Street Journal that talked about a “Reverse Robin Hood” theory.  The actual study was done by the Boston Federal Reserve and can be found here. I am pro- credit cards. So am I taking money away from the poor?  Are my frequent flier [...]

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