Our family thought that Dad had left his estate in great shape when he passed away more than two years ago. But his bank-dominated stock portfolio got whacked almost immediately, and now we're helping our mother fix it. One issue: Her full-service broker, who takes a hefty 1% commission on stock sales and another 1% on stock purchases.
Dominick Dunne, the former Hollywood producer and best-selling author known for his Vanity Fair essays on the courtroom travails of the rich and famous, died Wednesday in New York city after a long battle with cancer.
President-elect Barack Obama's choice for labor secretary, California Rep. Hilda Solis, promised to "improve the opportunities for hardworking families" as she began her confirmation hearings on Friday.
About $50 billion in adjustable rate mortgages reset this month, driving interest rates up for many borderline borrowers. And despite efforts to raise awareness, it doesn't look like anyone is really prepared for what's to come.
The AFL-CIO announced Wednesday it will spend $40 million on get-out-the-vote operations for the midterm elections in an effort to try to drive congressional Republicans from power as well as win governorships in 21 states across the country.
The bolt in Chicago Monday from the AFL-CIO by the Teamsters and Service Employees International Union (SEIU) reflects a long-building reaction to John Sweeney's plans a decade ago when he muscled his way into the labor federation presidency.
AFL-CIO President John J. Sweeney said in a teleconference with reporters Thursday that the organization is facing financial troubles and may have to lay off 25 percent of its workforce, according to the Washington Post.
The barons of the American labor movement gathered January 10 at the AFL-CIO fortress across Lafayette Park from the White House, with doors closed to the public as usual. The AFL-CIO Executive Committee's agenda prepared by President John Sweeney allotted 30 minutes for reform of the labor federation. But James P. Hoffa of the Teamsters insisted much more time was needed to debate badly needed changes.
There are four Southern primaries today, two with juicy political implications. But the story we're watching most closely today is the awkward reunion of organized labor, which gathers in south Florida to make sense out of a particularly clumsy primary roadshow that left them divided, dispirited and, in some cases, doubting their ability to defeat President Bush.