My Blog, Your Money

Recently, the late Grace Groner who passed away in January has been in the news for leaving $7 million to her alma mater, Lake Forest College. The gift is the largest in the school’s history.
The amazing part of the story is not the size of the gift – multimillion-dollar gifts are not rare. […]

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I’ve read a lot of articles recently such as this one about how the wealthy have held back on their spending since it would seem to be in poor taste given the millions of people who are struggling financially and having trouble staying in their homes and putting food on the table.  I can see […]

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Wow!  I just heard the amazing story of little Charlie Simpson from England.  The 7-year old wanted to raise £500 for Haiti with a sponsored bike ride around a park and actually ended up raising £156,000!  Raising such a staggering amount of money is incredible and he’s a huge inspiration to us all.  To visit […]

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Happy New Year’s Eve!

The Aughts has been an interesting decade.  We experienced the peak of the dot-com boom and the subsequent bust, the September 11 terrorist acts, wars in the Middle East, hurricanes and earthquakes, the rise of social networking, the election of the first multiracial president of the United States, and the worst recession […]

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So a group of rich Germans is petitioning to increase taxes on the wealthy.  In this these difficult times, it’s nice to know that some people want to share their fortune with the less fortunate.  I wish them the best!  And if their initiative is not successful, I hope they donate their excess wealth to […]

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Whenever a company files for bankruptcy, its stock becomes worthless.  However, with GM’s filing for Chapter 11 bankruptcy on Monday, the subtleties of this bankruptcy created a phenomenon where GM’s stock actually appreciated in value.  Closing at $0.75 on the previous trading day, the stock opened at $0.99, a 32% increase.  Furthermore, the stock sank […]

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Thought this was interesting, $3.6 trillion – that’s right, trillion with a T – is definitely a nice chunk of change: House approves $3.6 trillion budget blueprint.
And for those of you who are wondering just how much a trillion is, here’s a little video that might help:

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Stimulus Update: It looks like the Senate has reached a preliminary agreement regarding the stimulus bill and will most likely pass a package trimmed to around $780 billion.

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No doubt many of you heard of the hefty stimulus package approaching $900 billion being moved through the Senate this week.  Regardless of your viewpoint on whether it should be enacted, it’s important to know the finer details of it.  Here’s an article that provides a good breakdown of the allocations: Stimulus 101: What’s in […]

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Big news Tuesday: Fed cuts target for key rate to record low to a range between 0 and 0.25 percent.  This was more than the expected cut of half a percent and should definitely have some downstream effects for credit-crunched consumers.

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