Management Education on the Fly (BusinessWeek)

BusinessWeek – Who got us into this mess? It’s not just greedy mortgage lenders and irresponsible economists who are responsible for the current financial crisis. Leaders, so called, have played a role too, by not managing their companies and so being detached from what was going on in them. And behind much of this has been an educational process that encouraged such detachment. As I’ve argued at length in my book, Managers not MBAs, the MBA is fine education — but in the functions of business, not the exercise of managing. …

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Behind the Buzz About Mint (BusinessWeek)

BusinessWeek – In Mint.com’s creation story, as recounted on its Web site, founder Aaron Patzer started the free online personal finance service after a tedious session with Intuit’s (NasdaqGS:INTU – News) Quicken budgeting software in 2005. It’s a measure of Mint’s success that any new complaints about Quicken should now be directed to Patzer himself. Tired of getting its clock cleaned by Mint, Intuit bought the site in 2009 and put Patzer in charge of its entire consumer finance operation. He must figure out how all the pieces will fit together — while rejuvenating Intuit’s aged Quicken franchise.

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Housing: Time to Pull the Plug on Government Support (BusinessWeek)

BusinessWeek – America’s housing market implosion was the epicenter of the Great Recession. It’s hardly surprising that the federal government directed enormous resources at the market. Besides bailing out vulnerable banks, the federal government nationalized mortgage behemoths Fannie Mae and Freddie Mac, opened the lending spigot at the Federal Housing Administration (FHA), passed a first-time home buyers’ tax credit, and established a mortgage modification program for troubled homeowners. The Federal Reserve embarked on a $1. …

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Smart Choices, Dumb Moves (BusinessWeek)

BusinessWeek – Financial planners can advise, books can inform, worksheets can approximate. But they’ll never replace the advice you can get from folks who have ventured before you into that great unknown: retirement. To help you avoid dead ends and pitfalls, we asked retirees to look back over their time outside the working world and talk about their smartest financial moves, biggest surprises, and worst mistakes.

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A Financial Lifeline for Foreign MBA Students (BusinessWeek)

BusinessWeek – Admissions Director Rosemarie Martinelli remembers the panic she felt when she learned a program that the University of Chicago Booth School of Business(Booth Full-Time MBA Profile) was using for international student loans collapsed at the height of the frenzied 2008 fall admissions season. The CitiAssist loan program was the second lender to disappear at the time, and few, if any, other banks were willing to help international students secure funding.

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Home Prices Without Fed Support (BusinessWeek)

BusinessWeek – The U.S. housing market has been on government life support for much of 2009. Thanks to the feds’ bounty of tax credits, purchases of mortgage securities, interest-rate cuts, and home loan programs, new and existing home sales are up. The median home price rose, to $177,900. What happens in 2010 depends on whether the market can stand on its own.

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Stocks vs. Bonds: Tax Strategies, State by State (BusinessWeek)

BusinessWeek – It’s a given for many academics and investors that over the long run stocks outperform bonds. But those in the top tax bracket may want to rethink that axiom, especially if they live in states with high income tax rates. That’s because for tax purposes, most states generally don’t treat stock gains or dividends any differently than ordinary income.

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Home Lenders Face Sanctions Over Failed Modifications (BusinessWeek)

BusinessWeek – (Bloomberg) The U.S. Treasury Dept. will begin taking action against lenders that aren’t doing enough to ease mortgage payments for troubled homeowners as part of the Obama Administration’s $75 billion pledge to curb foreclosures. Lenders> The> The> “We> Seriously>The> The> Eligible> Mortgage> The> A>Robert> One> The> Bank> “As> The>

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What’s Next for Mortgage Rates? (BusinessWeek)

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Insurers Find China a Tough Nut to Crack (BusinessWeek)

BusinessWeek – When insurer AIA moved back into its gray stone colonial headquarters on Shanghai’s waterfront Bund in 1998, it marked the return of foreign insurance companies to China after their ejection nearly five decades earlier. Since then the floodgates have opened as Cigna , AXA , Allianz (Toronto:AZ.TO – News), and dozens more have set up shop on the mainland, aiming to tap a market of 1.3 billion people with few options for life insurance.

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