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Only 1 Living Person Cracks List of History's 10 Richest

It's relatively easy to rank the richest people in the world at any one time, but what about comparing them through history? Or has Time puts it, "Who had more money, John D. Rockefeller or Genghis Khan?" Rockefeller, as it turns out, according to Time 's assessment of the 10...

July 2015: Unofficial Problem Bank list declines to 290 Institutions

This is an unofficial list of Problem Banks compiled only from public sources.Here is the unofficial problem bank list for July 2015. Changes and comments from surferdude808: Update on the Unofficial Problem Bank List for July 2015. During the month, the list fell from 309 institutions to 290 after 20 removals and one addition. Show More Summary

Head of Collapsed Mt. Gox Arrested in Tokyo

The head of the failed Japan-based bitcoin exchange Mt. Gox was arrested in Tokyo today on suspicion of inflating his cash account by $1 million. Mark Karpeles, 30, is suspected of accessing the exchange's computer system in February 2013 and swelling his account, Japanese police said. Mt. Gox went offline...

Yes!, please and thank you

Don't jerk people around Here's a simple marketing strategy for a smaller company trying to compete in a big-company world: Choose your customers, trust them, treat them well. Say yes. Bend the rules. Show up on time. Keep your promises....        

15 Characteristics of Extraordinary Teams (Infographic)

Some good but perhaps a bit naive advice about teams, along with a real-world translation.

As Medicare turns 50, what benefits does it offer?

It's the 50th anniversary of Medicare, so it's a good time to take a look at your coverage. Most Americans ages 65 and older are qualified for coverage, and the plan offers a slew of benefits. Jill Schlesinger reports

Real Wages and Labor Productivity

A common meme is that workers aren't benefiting from productivity growth. Robert Lawrence says, not so fast. You can watch a video of him explaining this here.

Are US Middle-Class Incomes Stagnating?

No, says Marty Feldstein. I made similar points in this old post. According to the IGM Panel, most economists agree.

This Week's Ten Most Popular TaxProf Blog Posts

WSJ: Advice For Parents With Children Living At Home After College TaxProf Blog Op-Ed By Kristin Hickman: Altera Corp. & Subs. v. Commissioner: The Tax Court Delivers An APA-Based Smackdown College President Becomes Uber Driver 'To Experience How Americans Work' The IRS Scandal, Day 808 WSJ: Law Schools Fight ABA...

Bock: The Classics

Wally Bock is a man of good habits and one involves reading the classics every day. I especially like his point about "finding time."

The Risks of Refinancing Student Loans, Credit Cards and Mortgages

Refinancing high interest rate debt to a lower interest rate can be a great way to save money. While this strategy can make a lot of sense, there are some risks. Before signing on the dotted line, make sure you consider those risks carefully. Student Loans The student loan market has experienced [...]

Hillary Clinton Releases Her 2007-2014 Joint Tax Returns Reporting $139 Million Income; 99% Of Charitable Contributions Went To Clinton Family Foundation

Hillary Clinton late Friday afternoon released her 2007-2014 tax returns, showing that she and Bill reported $139.1 million in adjusted gross income, paid $43.9 million in taxes (a 31.6% tax rate), and made $15 million (10.8% of their AGI) of charitable contributions, $14.9 million of which went to the Clinton...

O'Connor and Time

Cultural Offering has some thoughts by Flannery O'Connor. "A Good Man is Hard to Find" still gives chills. Here's the link for her home.

Resiliency

First, a brief motivational video. [HT: Lou Rodarte] And then an observation by General Stanley McChrystal in his book, Team of Teams: Prediction is not the only way to confront threats; developing resilience, learning how to reconfigure to confront the unknown, is a much more effective way to respond to a complex environment.

Hardest-Working

From 2012: The Economist examines a Pew survey of Europeans. Note the chart. There will be a laugh-out-loud point. Update: Here's the chart:

33 Humorous Novels

You need a good laugh. This is a quick update - in no particular order - of an ever-growing list of books that are good for your spirits. Please submit other choices. What's missing? Tourist Season by Carl Hiassen Porterhouse Blue by Tom Sharpe The White Tiger by Aravind Adiga The Ascent of Rum Doodle by W. Show More Summary

Quote of the Day

Management works in the system; leadership works on the system. - Stephen R. Covey

How to Waste Less Food, Money

Getty ImagesReducing waste can start with organizing your fridge. By Jon Lal Do you ever find you're throwing away uneaten or rotten food every week? You're not alone; the government estimates food waste adds up to over $900 per household...Show More Summary

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