Alexandra Penney had been building up her retirement savings for over 30 years, and a decade ago she put her money in the trust of Bernard Madoff’s firm to grow it. You know how that story ends, but in her ongoing series “The Bag Lady Papers,” Penney writes about the emotional toll of seeing your life’s savings evaporate in what seems like seconds, and how she’s been coping since.
JC Penney isn’t doing so well this fall and has cut its forecast, admitting sluggish same store sales and citing bad weather and the subprime meltdown as the reasons for the downturn.
Natalie is having a baaaad week. Let’s all show her some love in the comments while she waits for her shipping refund. —MEGHANN MARCO