From “grandparent scams” to fraudulent investments, schemes targeting the elderly are by far the worst.
That’s according to an annual survey of 40 local and state consumer protection agencies that were asked to single out the most common and outrageous complaints they have received over the past year.
Scammers went after the elderly in a variety of ways, whether it was a “once in a lifetime” chance to make money in Ghana’s emerging gold market or a contractor who took thousands for a deposit but never came close to completing the work.
“These con artists are very skillful at what they do and they will literally take the last dime of an older person’s savings without any qualms whatsoever,” said Susan Grant,
Kim Kardashian is famous for doing nothing. Now she’s got a game that’s pulling in $700,000 a day where players have to do, well, nothing.
“Kim Kardashian: Hollywood” from Glu Mobil lets you create an avatar that can work to achieve virtual A-list status. Your mission: Hob-nobbing with celebrities, going to a photo shoot and wearing expensive clothes.
The game is free to download, but players spend real money on things like virtual clothes, virtual hairstyles and energy boosts for their avatars. The more your avatar does, the faster you can move up the ranks from the E List to the A List — the objective of the game.
If sales continue at their current rate, the game will
Steve Mason and his wife Darnelle have been struggling to pay their daughter’s six-figure student loan debt ever since she passed away five years ago — and now they are starting to get some much needed relief.
Income is the interest paid on an asset, whereas capital gains are increases in the asset’s price.
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Gross, who predicted in May of last year that the roughly 30-year bull run in bonds had likely ended, said Wednesday that since bond yields were headed higher while global economic growth would remain low, gains in asset prices would be tough to achieve.
“So as yields have bottomed and are now expected by the markets to gradually rise, it’s down to growth, and growth is a question mark,” Gross said. He said a lack of “aggregate demand” and an overabundance of “aggregate supply,” partly as a result of over-indebted consumers, would continue to weigh on global growth rates.
“First of all, R.R. Donnelley has a fantastic business putting together financial statements and they are the single most trusted firm in the space,” Cramer said.
Second, Donnelley has pursued acquisitions in an attempt to better leverage cost controls. “For example, Donnelley bought Consolidated Graphics, another commercial printing firm, for $700 million in October.”
Third, R.R. Donnelley benefits from outsourcing. “Because many companies have scattered facilities all over the globe, there’s big demand for R.R. Donnelley’s packaging and labeling business, not to mention their logistics, distribution and warehousing services.”
Finally, and perhaps most important, R.R. Donnelley has taken aggressive steps to move beyond printing. “They’ve got a digital business where they transform all things publishing into e-book format,” Cramer said, and, according to their website, they also do web design, animation, and more.