An essential reading to inspire your morning
- Yes, the Financial System Is Rigged. Why Shouldn’t You Profit From That Knowledge? – Our system is rigged. Unfair. Hopelessly neglectful of the little guy. All true. But do you really have a better choice? Did you honestly think Washington was going to let it all fail—and for good? After all, who’s backing Fannie Mae (FNMA) and Freddie Mac (FMCC), which are almost single-handedly backing the resurgent mortgage market? Who pumped more than $2 trillion into suppressing interest rates to record lows?
- The Best Tweets for Your Money – Twitter has become an increasingly popular way to share news and analysis. But, for the most part, financial advisers were generally hesitant to step into the popular social network—until now. According to FTI Consulting, nearly 40% of financial advisers now tweet to send short messages to their followers. Twitter users increasingly include even those from the wealth advisory sector. Here’s a list of some of the more savvy ones, as compiled by reporters and editors from WSJ.Money
- New robots in the workplace: Job creators or job terminators? – BOSTON — At MIT, a management robot is learning to run a factory and give orders to artificial co-workers, and a BakeBot robot is reading recipes, whipping together butter, sugar and flour and putting the cookie mix in the oven. At the University of California at Berkeley, a robot can do laundry and then neatly fold T-shirts and towels.
- The five biggest lies about entitlement programs – Everybody loves lists. Most of those you see in the papers or online tend toward the inconsequential (The Six Best “Fast & Furious” Movies). So here’s a list with a bit more gravitas: The five biggest lies you’re being told about entitlement programs.