This week the eight largest U.S. banks were told they need to increase capital by about $68 billion. In some ways it is too little, too late in the government’s efforts to prevent another financial meltdown. Nonetheless, the regulations do provide an increased level of safety for taxpayers.

  The markets had a great year. The benchmark S&P 500 Index was up 30%. Other averages were up almost as much. So why are some investors disappointed? “Why am I paying you a fee to manage my money?” asked one disgruntled client recently.

It was a word rarely spoken in post-War Japan. “Bushido” or the “Way of the Warrior,” evoked too many embarrassing and shameful memories culminating in the horror of Hiroshima and Nagasaki.  But times have changed.  On December 26th, Prime Minister Shinzo Abe did the unthinkable. Defying the Koreas, China and the U.S., he visited the [...]

  Information abounds on why and when you should contribute to a tax-deferred savings plan such as an Individual Retirement Account (IRA). Less is known about what happens in retirement when you have to take money out of these plans. For those who turned 70 ½ years or older in 2013, pay attention, because it’s [...]

Recently, a leaked report from a United Nations scientific panel had some bad news for the world and consumers in particular. The scientists are predicting that climate change, coupled with an increase in demand, have set food prices on an upward trajectory for decades to come.

This week the art world is abuzz by the revelation that a $1.3 billion cache of 1,500 stolen artworks has surfaced in Munich. European investigators are hunting for yet a second treasure trove right now. It could be just the tip of the iceberg given the extent of Nazi looting during World War II. 

  As part of my job as a money manager, clients will often call or send me some doom and gloom report predicting the next financial meltdown. If I had a dollar for every time these author’s predictions proved accurate, I might have just enough to buy a cup of coffee. Why then, do investors [...]

  The nation has breathed a sigh of relief now that congress has finally done what they were elected to do. The government is back in business and the debt ceiling has been raised. The damage to the country, however, will be long lasting.

  Whether you call them unmanned aerial vehicles, remotely piloted aircraft or simply drones, these remote-controlled devices are expected to become a big business both here and abroad over the next decade. The question is whether this new technology will impact our lives in ways we are willing to accept.

It was not that long ago that the world questioned whether the European Union and its currency would survive. Portugal, Greece, Spain and even Italy appeared to be hovering on the brink of economic disaster.  Europe was a basket case but today that assessment may be changing.