Finance Industry News

Did you miss the airing of the 4th annual Financial Literacy & Education Summit yesterday? The event, co-hosted by Visa Inc. and The Federal Reserve Bank of Chicago, aired via webcast Monday, April 19, 2010 and was a great success. And good news — you can still catch it via on-demand video.

Each year, the Summit gives us a chance to hear from experts in the field of financial education. They talk about the importance of financial literacy in the lives of children and adults, the connection between financial education and the global economy, and how institutions can work together to give consumers the tools they need to reach their financial goals.

Speakers this year included everyone from Duncan L. N

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As the resident finance geek in my circle of friends, I had to field several questions about Wall Street megafirm Goldman Sachs, which was sued by the Securities and Exchange Commission last week for allegedly defrauding its investors.

Of course, the danger I encountered while trying to explain what Goldman did was in getting bogged down in financial terminology. After all, a person can only hear so much about synthetic CDOs, equity tranches and credit default swaps before going insane.

I think the best way to explain these matters is to remove them from the arcane language of finance and put them into more familiar territory.

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What is the purpose of the CARD Act?

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With the holiday season is round the corner, the most exciting thing in every family and every household is the fact that vacations are here and plans are going to be made. During such times it is tough for people to break the hearts of little children, who have their hopes all pinned up high. There are always holiday packages that are tempting and affordable. This is an opportunity that nobody would want to lose, considering the fact that everybody works really hard through the year just so that they get a rejuvenating break for at least a while during the year.

Since there are many families that face credit crunches throughout the year, there are something’s that might help make that ideal vacation that everybody dreams of.

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Tax season is here, and so are tax returns. If you filed income taxes, you might be waiting for that check in the mail, thinking about what to buy. I hate to burst your bubble but tax refunds aren’t gifts so much as money you’ve lent to the federal government over the last year, interest-free. Here’s what to do with the refund you’re awaiting, and how to keep that money in your paycheck (and pocket) next year.

According to the IRS, nearly 78 million people got federal tax refunds in 2009 averaging $2,705. Lots of people think of their refunds as a bonus and even adjust their W4 forms to make sure they get one. Remembe

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There is no doubt that the Apple iPad(http://www.speculatingstocks.com/Speculating-Stocks-Take-on-the-iPad-and-AAPL.html) is a hot topic. Apple will ship their iPad on April 3rd. Commercials for the iPad have begun with spots during the Oscars Sunday night.

Many people have already asked themselves if they need or even want this less-than-apple-like device. Apple has great marketing and they will get a plethora of people to buy something that they don’t really need. The combination of stunning, sexy design and astoundingly brilliant marketing by Apple is why they have around a $200 billion market cap.

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