- Los Angeles Is the Latest City to Consider a Minimum Wage Hike
- Corporate Taxes Are 10 Percent of Federal Revenue, Down from 30 Percent
- Spare Tires Are Disappearing From New Cars
- Ask Stacy: How Am I Supposed to Live on Social Security?
- What If You Can’t Pay Your Medical Bills?
- IPhone 6 Is Expected to Include a Mobile Wallet
- SAT Tutor Caters to the Kids of the Very Wealthy
- Report: Students Should Beware of Campus Debit Cards
The next time you hear a celebrity endorse some use for your money, consider this: J-Z, Bono, and Burt Reynolds are just three famous people who have lost millions investing their own money. “While celebrities may have a talent for navigating Hollywood’s shark-infested waters, their instincts in areas of finance are often another matter entirely,” MSNBC reports.
A former Soviet supplier of motorcycles to the Red Army is suddenly popularizing the side car in America. “The born-to-run ideal of a motorcycle mama on the back has given way to a spouse or girlfriend riding alongside, holding the dog or the groceries,” The New York Times reports.
There’s a big economic recovery going on – for rich people. “The number of millionaire households worldwide increased by 12.2 percent in 2010, to 12.5 million,” MSNBC reports. “Although those millionaires represent just 0.9 percent of all households, they control about 39 percent of all global wealth.”
It’s surprising but true: We’re talking less on our cell phone. “As more people have grown adept at text-based messaging, and more own smartphones that can send messages via text, e-mail, Facebook or Twitter, voice chatting is becoming something of an afterthought,” CNN reports.
What are the silliest tech items for sale? How about the Karotz? “It’s a 9-inch-tall (counting the ears) white bunny with a Hello-Kitty-type face and a glowing color tummy,” Bloomberg reports. “The Karotz includes among other things a speaker for playing Internet radio.” And we can’t even begin to describe the Pogoplug.