24 Apr 2017

An Overdue Parody on Capitalism or How Did Trump Become a Billionaire?

For a much-needed parody about the failure of corporate capitalism, check out this article in the Monthy Review. If you don’t think unregulated corporate capitalism has a lot of problems, how do you explain the sad fact that Trump became a billionaire? This is a very clever, much-needed light parody

Chuck Epstein 0
12 Apr 2017

What Happens When Corporations Hate Their Own Customers

The current commentary explosion on social media of Chicago airport security guards forcibly pulling a man off a United Airlines plane is deeply disturbing because everyone who has flown can relate to some degree of passenger mistreatment. Of course, we have not been pulled from our seats in a closed

Chuck Epstein 0
06 Apr 2017

What the Ontario Pension System Can Teach Americans

One neighbor to the north has come up with a way to over-fund their state pension system, so why can’t it be repeated here? Bucking the industry trend, the Ontario Teachers’ Pension Plan announced it was 105% funded as of Jan. 1, 2017, its fourth consecutive year of being fully

Chuck Epstein 0
03 Apr 2017

Want to Rig the World’s Biggest Market? No Problem.

Want to rig the world’s largest financial market?  No problem. At least that is what prosecutors in the U.S. and the UK are saying when it comes to their charges that three of the world’s largest global banks rigged parts of the $5.3 trillion a day foreign exchange market. Just

Chuck Epstein 0
30 Mar 2017

Don’t Recognize the Republican Party Today? Here’s Why: It’s the John Birch Society

Many veteran political observers say they cannot recognize the Republican Party  that elected Donald Trump. They should not be surprised. The reason is that it is not the Republican Party. It is the party of the John Birch Society that morphed itself into the far-right Libertarian Party. This is why veteran

Chuck Epstein 0
29 Mar 2017

Planning for Retirement Just Got Much Harder

If you thought planning for retirement was difficult, it just got a lot harder. That’s because saving for retirement must now account for two major life changes: you are living longer and you won’t make much on your investments. Now, living longer is considered a good thing since science and

Chuck Epstein 0
10 Mar 2017

Fantasy Financial Planning in the Trump Era

Face it: Financial planning in Trump world  hinges on politics, not investing.  This makes it more important than ever for people  providing financial advice to tell clients about the implications of political decisions made in Washington and less about the basics of investing. By now, everyone has heard of the $26 billion

Chuck Epstein 0
06 Mar 2017

Trump Declares War Against Investors

It certainly is no surprise that the Trump Administration has declared war on individual investors and will only make it more difficult for millions of Americans to have a financially secure retirement. For millions, there may be no retirement at all or certainly one which will have a lower quality

Chuck Epstein 0
28 Feb 2017

Trump Makes Bribery Great Again

A little-known segment of the Dodd-Frank bank reform bill has been revoked by Trump’s  Republican Congress and it allows major global corporations to do what they do to get business done: bribe foreign governments. The measure to repeal Section 1504 passed by a vote of 52-47 strictly according to party lines

Chuck Epstein 0
24 Feb 2017

The Darkest View of Retirement and Income Inequality

An earlier post on this site (Feb. 23, 2017) pointed out the retirement crisis in America is not getting any attention. But just because it is not getting noticed, it does not mean the crisis will go away. On the contrary, it will only get worse, aggravated by the nation’s wealth gap and attempts to alter Social Security,

Chuck Epstein 0