With student loan debt in the U.S. now well beyond $1 trillion, everyone seems eager to get into the debt-reduction business. Some cities will pay down your debt if you move there, while a growing number of employers are making loan payment contributions part of the benefits package. Now some financial institutions are dangling the debt-reduction carrot in front of potential customers — but should you bite? [More]
Just how big of a deal is the $19 billion WhatsApp is getting from Facebook in the acquisition announced yesterday? It’s a pretty freaking big deal — especially when you consider that there are a whole lot of major companies –including many that produce physical goods you can reach out and touch — that have been around longer than WhatsApp and are worth a lot less. [More]
Everyone deals with death at some point, and everyone grieves differently. The major corporations our lives are intertwined with often don’t want to let us go–or create unneeded problems for our survivors. Dan’s father recently died, and he wrote up a comparison of his family’s experiences with a variety of large companies. Out of Bank of America, American Express, Fidelity, AT&T Wireless, and Comcast, which companies do you think were the easiest to deal with under the circumstances? [More]
Even eternal stock market optimists are losing their nerve these days, but Fidelity’s Peter Lynch still says, “But at some point in the future, I think you’ll look back and see that we’ve gotten through this,” and that “stocks turned out to be the best bet.” Personally, I’ve started to look at it as throwing money down a magic wishing well, or planting magic seeds that will take 10 years to grow (it’s amazing how adding the word “magic” to anything makes it a little more psychologically palatable). [NYT] (Photo: ynskjen)
Ok, so it’s pretty obvious that when picking a rewards card, you want one that gives you beer money, not free toasters. A toaster is a depreciating asset, which are for rappers, not smart persons like yourself.
Ring ring, Mr. Banker, pick up the phone, we hit the stopwatch and hang up. Here are the results.
A Fidelity laptop containing customer’s personal data was stolen on March 15th but one man didn’t find out until last week, April 13th.
Today’s results in our week-long test of how long it takes banks humanoids to pick up the ring ring ring.
The results of today’s benchmark test to see how long it takes banks’ live humans to pick up the phone.
We’ll be calling up the banks this week to see who’s the quickest at having a human pick up the phone.