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Lawsuit revives misconduct claims

Two former financial advisers are suing the state of Utah for $358 million, claiming their constitutional rights were violated during separate investigations by the Division of Securities that stretched from 2000 through 2005. The lawsuit isn’t the first time such allegations of misconduct have been raised. After a series of ...

Court Stops Dispensary From Selling Medical Marijuana

January 30, 2010 8:41 p.m. ESTTopics: United States, Health, Social Issues Los Angeles, CA, United States A medical marijuana dispensary in Eagle Rock, California has been ordered by a court to stop selling pot. Los Angeles County Superior Court Judge James C. Chalfant issued Friday an injunction against Hemp Factory V ...

The Places They Go When Banks Say No

IN the glory days of the digital photo frame business, when his products were still a novelty and shoppers were flush with cash, getting a bank loan to manufacture them was a cinch, Michael Levy says. “We would say: ‘We got a $1 million order from the Sharper Image. We ...

To truly become rich, you need to stop acting like it

$16 what most millionaires pay for a haircut (including tip) There are many words to describe how so many people end up in financial trouble, but one stands out. Pretenders. Sure, sometimes bad things happen, and it’s not your fault. But many of you — and you know who you ...

The tax deductions most often overlooked

No doubt about it: The opportunity to make mistakes is almost unlimited, and missed deductions can be the most costly. About 46 million of us itemize on our 1040s — claiming nearly $1 trillion worth of deductions. That’s right: $1,000,000,000,000, a number rarely spoken out loud until Congress started debating ...

The tax deductions most often overlooked

No doubt about it: The opportunity to make mistakes is almost unlimited, and missed deductions can be the most costly. About 46 million of us itemize on our 1040s — claiming nearly $1 trillion worth of deductions. That’s right: $1,000,000,000,000, a number rarely spoken out loud until Congress started debating ...

Strategies: When a Portfolio Is Red or Blue

YOU’RE likely to feel more confident about the economy when your political party is in power. That’s no surprise. But a new study has found that your feelings probably affect the way you invest your stock portfolio. The study, which has been circulating in academic circles since December, found that ...

Jobless Turn to Family for Help

WARRENTON, Ore. ? After Jean Ley lost her job as a mental health counselor in June 2008, she quickly realized how limited her options were. She had little savings. Unemployment benefits were not going to be enough to pay her bills. She was at risk of losing her home here ...

Obama Reiterates Spending Freeze, Cut Deficit, Create Jobs

January 30, 2010 7:01 a.m. ESTTopics: United States Washington, DC, United States President Barack Obama today (Jan.30) today heaped praises on the Senate for restoring the pay-as-you-go to restore fiscal discipline and outlined the governmental moves to rein in the ballooning U.S. deficit. The president recalled that “the pay-as-you-go law that ...

Recession spurred big changes to tax rules

WASHINGTONThe deep recession that hung over the nation in 2009 has led to new tax credits and deductions — attempts by Congress to boost consumer spending and get the economy moving again. These, along with increases in the standard deduction, personal exemption and alternative minimum tax exemption, may bring a ...

USDA acts as a ‘bank’ for rural Utah

Logan » About 15 state and federal bureaucrats showed up to a seminar in this northern Utah community late Thursday to hear concerns from rural farmers and business owners and to explain how the government can help them with low-interest loans and outright grants. But when only three people showed ...

GDP data may overstate economy’s health

The U.S. economy turned in a surprisingly good performance in the fourth quarter, surging ahead by 5.7 percent on an annual basis, according to a government report released Friday. Or did it? President Obama was quick to highlight the economy’s progress and “the swift and aggressive actions that made it ...