For only the second time ever, the Securities and Exchange Commission is charging a state with fraud, for allegedly misleading investors about the health of its pension funds. The SEC says the state of Illinois did not properly inform investors that its pension funds were significantly underfunded when selling bonds from 2005 to 2009. This is the latest fiscal black eye for a state with a pension shortfall approaching a whopping $100 billion. The state has agreed to settle the charges.
Leaders of several cruise lines are meeting in Miami on Tuesday to discuss the state of the industry. The conference comes after a series of setbacks, including a cruise ship losing power for days in the Gulf of Mexico.
Technology has made it easier than ever to track your activity levels, your sleep cycles, how you spend your time, and more. The self-trackers who near-obsessively capture and analyze their own data are part of a growing "Quantified Self" movement.
Mayor Mike and his public health edicts are having a rough ride.
On Monday, a state judge in Manhattan struck down New York City Mayor Michael Bloomberg's rule capping soda sizes. And lawmakers in Mississippi are taking the backlash against government regulation on food marketing one step further.
Estate planning may seem like a pain, but imagine the mess you leave to those managing your affairs if you don't draw up a will or get life insurance.
"It takes really just a few hours now, rather than a pile of hours and thousands of dollars to do it later when you really need it done," says Chanel Reynolds, who created a website geared to help people get their affairs in order.
The online betting market Intrade has shut down. Intrade allowed customers to wager on the outcome of events such as presidential elections. The company says all betting is on hold until it can investigate possible financial irregularities.
When she got out of college and moved to New York, Elizabeth Cline liked to shop at vintage-clothing stores. They were the kinds of places tucked away on side streets in Manhattan and Brooklyn, where a lot of hunting and a little luck might reward you with a great, inexpensive cocktail dress that no one else had.
Then she discovered the world of "fast fashion" — chains like Forever 21, H&M and Zara — and it redefined her whole notion of bargain shopping.
The housing market is recovering. Prices are rising, the number of foreclosures is falling, and construction crews are finally starting to build again. But in one key way, housing remains in crisis mode: The U.S. housing market is still a ward of the state.