Down and Out in Memphis; Movin’ On Up in Salt Lake City
Location, location, location, goes the old adage—usually in the context of pricey real estate. But a new Harvard-Berkeley study suggests that location may be even more important to poor Americans seeking upward mobility.
10 Worst Charities in America
A report says 50 charities paid $1 billion to for-profit donation solicitors and gave little in actual aid to their causes.
5 Best Bits of Advice for College Grads: 2013
Dear graduating class of 2013: Do what you know, don’t do what you love, and stop comparing yourself to other people.
Reinhart, Rogoff to Krugman: Stop Scapegoating Us
Carmen Reinhart and Ken Rogoff sent Paul Krugman a letter over the weekend decrying what they called his “spectacularly uncivil behavior.”
Is College Worth It?
Former Education Secretary William Bennett's new book questioning the value of college is flying off the shelves, while researchers jokingly predict universities will soon offer a master’s in janitorial studies.
8 Really Bad Investments That Lost a Bundle
Even the big boys, like Warren Buffett, can lose big bucks on a bad bet.
Your Move, Bogleheads: Advisor Finds DFA’s Returns Trump Vanguard’s
Advisor Jeff Troutner of Equius Partners says a broader look at the numbers is less favorable to Vanguard than unsuspecting advisors might think—but Vanguard answers back to AdvisorOne.
Alicia Munnell: Ban Actively Managed Funds From 401(k)s, IRAs
Why is it that every current wirehouse advisor says they’re completely open-architecture, while every former wirehouse advisor says they faced pressure to sell proprietary products?
NY Times: Down With Shareholder Democracy
Recent controversies involving Herbalife and Apple could be related to abuses aided by the shareholder democracy movement, according to The New York Times.
Social Security’s Old Forecasting Method Hides New Time Bomb, Researchers Say
Two researchers argue that the Social Security Administration is using outdated methods to project longevity and therefore understates the system’s shortfall by two years.