Restoring Confidence In Europe’s Banks

By Larry M. Elkin, CPA, CFP®
June 25, 2010
The financial crisis that gripped the world in late 2008 was, most of all, a crisis of confidence. What we knew about the condition of America’s biggest financial institutions was bad enough, but what we didn’t know was terrifying. This is why the “stress tests” that financial regulators publicly performed on 19 of the country’s largest [...]
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When Hands-On Bosses Go Too Far

By Larry M. Elkin, CPA, CFP®
June 24, 2010
When people complain about bosses who push them around, they usually are not speaking literally. But sometimes they are. On a June morning three years ago, eBay CEO Meg Whitman was preparing for an interview with Reuters about the virtual world Second Life. A recently hired employee, Young Mi Kim, was writing talking points on a [...]
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The Executioner’s Tweet

By Larry M. Elkin, CPA, CFP®
June 23, 2010
Capital punishment is carried out in this country behind closed prison doors, not on network television – though, if we are trying to deter heinous crime, one would think we ought to make the death penalty as visible as we can. Utah Attorney General Mark Shurtleff seems to have found the next best thing to live [...]
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China’s Economy Starts To Grow Up

By Larry M. Elkin, CPA, CFP®
June 22, 2010
China did its consumers a big favor yesterday by allowing its currency to appreciate against the dollar for the first time in two years. Having also tolerated a recent wave of strikes that pushed some wages sharply higher, the Beijing government finally seems to be ready to do some economic growing up. This is good news [...]
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Celebrating The Pandemic That Fizzled

By Larry M. Elkin, CPA, CFP®
June 21, 2010
In late March 2009, a 20-year-old employee in our Scarsdale, N.Y., office came down with the flu just after she returned from a Mexican vacation. In short order nearly everyone in the office got sick, with the conspicuous exceptions of my wife Linda and me. We are the only over-50 employees in an office where everyone [...]
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You Say You Want A Revolución?

By Paul Jacobs, CFP®, EA
June 18, 2010
When I told people that I was going to Cuba for a week in April, I got a lot of questions. People asked me if I was going illegally (I was not) and if I am a communist (I am not). I traveled to Cuba on a religious visa. It was a humanitarian trip, and the [...]
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Getting Safely Home

By Larry M. Elkin, CPA, CFP®
June 17, 2010
While Laurence and Marianne Sunderland waited for their 16-year-old daughter, Abby, to be rescued from her disabled sailboat in the Indian Ocean last week, parents everywhere waited with them. My own youngest daughter happened to be on a journey of her own at the same time, so I especially empathized. My daughter’s was a much shorter [...]
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Time To Put Justice On Camera

By Larry M. Elkin, CPA, CFP®
June 16, 2010
Two lawyers will go before a judge today to make closing arguments on an issue that divides the nation. Though the scene will be captured on camera and people all over the country are eager to watch, the only way to see the video is to go to a federal courthouse in San Francisco. The federal [...]
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Energy Policy? What Energy Policy?

By Larry M. Elkin, CPA, CFP®
June 15, 2010
Some dish detergent and hot water is all it takes to clean up a pelican that is being smothered by spilled crude. Nobody knows how to clean up the Obama administration’s energy policy, which is likewise floundering in goo. The president is back on the Gulf Coast this week to show everyone how involved he is [...]
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How Low Interest Rates Sap Economic Growth

By Larry M. Elkin, CPA, CFP®
June 14, 2010
Conventional wisdom tells us we need record-low interest rates to help the global economy recover from the Great Recession and bring about a more prosperous future. Let me respectfully point out that, in this country, we have had low interest rates – ranging from pretty low to astonishingly, jaw-droppingly low – for the past 15 years, [...]
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