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Feb 27, 2017

Last year, in 2016 the federal government officially recognized Google's software, not the passenger, as the "driver" in its self-driving cars. This has greased the wheels for the driverless car industry, but insurance companies are preparing for a nightmare of claims and  lawsuits.  One question:  “Who is charged if...


Feb 24, 2017

What's the most coveted golf ball in America? The Titleist Pro V1? Calloway? Taylormade?  The answer is none of the above according to the Wall Street Journal. One word: Costco. Find out about the golf ball that they can't keep on the shelves and a virtual black market has developed for. Steve and Sinclair have the Wall...


Feb 23, 2017

If you've seen the movie or read the book, THE BIG SHORT…you know it was about the 2008 mortgage-backed securities collapse. Most people lost money. Gobs of it. But some big shorts made money.  According to a major hedge fund in the Wall Street Journal, the next big short opportunity is in the debt of dying shopping...


Feb 22, 2017

Kathleen Wolf never dreamed of spending her retirement in Iowa.
The 68-year-old Californian had a change of heart after filing for Chapter 13 bankruptcy. Ms. Wolf was a millionaire whose fortune, built on buying and selling homes, collapsed in the financial crisis. Her bank balance fell to $15. She is not...


Feb 21, 2017

Is Snapchat the New TV?  Snap Inc. wants to be the next Facebook—but it's messaging app gives millennials a ‘lean back’ experience that is more like watching television, says Christopher Mims writing for the Wall Street Journal. Meanwhile, Snap the company lost $515 million dollars last year!  At a valuation of...