December 19, 2010
Who: Tamika Lamison, 41. Assets: $10,000 in savings. Debts: $15,000 long-overdue student loan. Financial goals: Pay off student loan, rebuild her credit and get a basic understanding of how she should handle her finances. Recommendations: Although Lamison has done a good job of avoiding credit card debt, a student loan default stands in the way of creating a better financial future. She needs to pay off her loan and then start building an emergency savings account equivalent to at least six months' salary.
July 28, 2012
Re "Cash-strapped? Not so much," Editorial, July 25 Let's get some perspective. Almost all financial scandals involve losing money, not finding it. Yes, the accounting system for the state Department of Parks and Recreation, which had about $54 million stashed away, needs to be fixed, something infinitely doable in this electronic age. Instead of regarding this as bad news, perhaps we should be congratulating the people whose discovery brought...
August 4, 2012
Re "Is Mars really worth the trip?," July 30 Your headline implies that the $2.5 billion spent on the Curiosity mission to Mars is just thrown away. In fact, NASA pays people (engineers, suppliers and many more), who then spend it on the goods and services that keep our economy strong. Joan Kraus Rancho Palos Verdes ALSO: Letters: Californians, we're hoarders Letters: Let the NRA give something back Letters: Targeting Obama conspiracy theories
October 2, 2012 |
Who's the most influential billionaire business figure in national politics? If you answered one of the Koch brothers (Charles or David) or George Soros, you're wearing your partisan blinders. The former are known for their devotion to conservative causes, the latter to liberal. In either case, you're wrong. The most influential billionaire in America is Peter G. Peterson. The son of Greek immigrants, Peterson, 86, served as Commerce secretary under President Nixon, then became chairman and chief executive of Lehman Bros.
July 8, 2013 |
The business world is fond of presenting consumers with Catch-22s. Richard Leza received a real beauty from a debt collector. "They basically told me I had to prove something that doesn't even exist," he said. Here's the crux of the problem: Is it the debt collector's responsibility to prove that money is owed, or the consumer's responsibility to prove that it isn't? State and federal officials are increasingly focusing on such issues as debt collectors turn up the heat after the prolonged economic downturn.