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The Economics Of Trust

Forbes - 2 hours 44 minutes ago

Trust is about more than whether you can leave your house unlocked. It's responsible for the difference between rich and poor.

News Stories

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A Squeeze on Customers Ahead of New Rules
New York Times - Mon Nov 9, 11:45 pm ET
Even the best cardholders are seeing their interest rates rise and credit lines get cut as financial firms struggle to make money in their card units.
Companies cut back on holiday gift giving
USA Today - Mon Nov 9, 11:37 pm ET
In the downturn, many entrepreneurs have ended holiday bonuses and have significantly slashed gift giving to customers and workers.
American Express OPEN keeps 'pulse' on small business with social media
ZDNet - Mon Nov 9, 1:00 pm ET
American Express OPEN is using social media to spur its own growth, but the growth of its small business customers.
Dow hits 2009 high
Reuters via Yahoo! News - Mon Nov 9, 10:54 pm ET
A broad U.S. stocks rally sent the Dow industrials to a 13-month high on Monday, after the Group of 20 pledged to keep aid flowing to the world economy, strengthening investors' desire for risk.
Dow surges 203 points to highest close in more than a year
Los Angeles Times - Mon Nov 9, 7:55 pm ET
Big-company stocks take the lead in the rally as investors apparently figure it's safer to stick with the most familiar and most liquid issues. The dollar continues sliding. For Wall Street's bulls, bigger is now a better idea.
AmEx 'HIV sacking' suit
New York Post - Sun Nov 8, 9:21 am ET
An American Express executive was fired for being HIV-positive, he claims. Brett Knight, 41, had worked for American Express since 1990. Although he was HIV-positive throughout his employment, Knight said he didn't have a problem at the Financi...
Credit card fees up as new laws near
The Tennessean - 1 hour 7 minutes ago
CHICAGO - If you're one of the millions of Americans holding a credit card, you've probably already noticed: Credit-card issuers are hiking interest rates, penalties and fees in full force ahead of stringent new laws that take effect in February.
Ask Airfare Watchdog: Frequent Flyer Miles
The Wichita Eagle - Mon Nov 9, 2:38 pm ET
Q: I carefully gathered enough frequent flyer miles to fly my family of five to Asia the summer of my son's senior year in high school. Surprisingly to me, Delta had no availability of flights at the lowest redemption levels even when called 10 months in advance. Is there a magic time to call, or are there so few seats available at this level that is almost impossible to use miles in this way ...
Business Method Patents Questioned by U.S. Justices (Update1)
Bloomberg - Mon Nov 9, 5:45 pm ET
Nov. 9 (Bloomberg) -- U.S. Supreme Court justices signaled resistance to affording patent protection to abstract business innovations as they debated a case that has drawn an unprecedented level of corporate interest.
U.S. Stocks, Commodities Jump as Dollar Slides on G-20 Stimulus
Bloomberg - Mon Nov 9, 5:26 pm ET
Nov. 9 (Bloomberg) -- U.S. stocks extended a global rally, sending the Dow Jones Industrial Average to a 13-month high, and the dollar slid after the Group of 20 nations agreed to maintain economic stimulus efforts.
FOXBusiness: Dow Hits New 2009 High- Gold Hits Record $1,100 an Ounce
Fox News - Mon Nov 9, 4:52 pm ET
The bears were in full retreat Monday as a fresh 15-month low for the U.S. dollar fueled a buying binge in stocks and commodities and pushed the Dow to unseen territory for 2009.
Stocks surge to '09 highs as Dow jumps 200 points
MarketWatch via Yahoo! Finance - Mon Nov 9, 4:45 pm ET
Investors extend a strong run fueled by increasing market certainty in the flow of easy money to support global recovery.
Financial Stocks: Broad-based rally powers sector higher
Market Watch - Mon Nov 9, 4:10 pm ET
U.S. financial stocks were posting their best performance in a week and a half late Monday, as the bellwether ETF tracking the sector rose more than 3%.
Property taxes deadline is today
Belleville News-Democrat - 24 minutes ago
St. Clair County property owners have until 5 p.m. today to pay the final installment due on their 2008 property taxes.
UPI NewsTrack Entertainment News
UPI - Mon Nov 9, 2:03 pm ET
Jerry Fuchs dead after elevator shaft fall ... Travolta: Faith is helping us cope ... John Mayer concert to air on Web ... U.S. dance troupe to visit Israel ... News from United Press International.