India’s Income Inequality Worse Than Under British Rule: Report

A new study from the World Inequality Lab finds that the present-day golden era of Indian billionaires has produced soaring income inequality in India—now among the highest in the world and starker than in the U.S., Brazil, and South Africa. The gap between India’s rich and poor is now so wide that by some measures, … Read more

Top Wall Street analysts like these dividend stocks for portfolio income

Even as the major averages have recently hit fresh records, there are plenty of catalysts that could shake things up, including geopolitical tensions and the upcoming U.S. presidential election. Investors seeking some stability in their portfolios may want to consider high-quality dividend stocks, especially those with a track record of steady income payments. Analysts conduct … Read more

What is considered a ‘good income’ in America? Dave Ramsey explains his answer and tells an Ohio woman that her $36K/year job doesn’t pass the test. Does yours?

What is considered a ‘good income’ in America? Dave Ramsey explains his answer and tells an Ohio woman that her $36K/year job doesn’t pass the test. Does yours? What is a “good income”? It’s always been an important question but in the current economy it’s perhaps more pertinent. If prices are rising rapidly, are you … Read more

20-year-old Texas woman spends 70% of her income on rent and has racked up $4,000 in credit card debt. She laughs it off as ‘girl math.’ Caleb Hammer responds

‘This is not a joke’: 20-year-old Texas woman spends 70% of her income on rent and has racked up $4,000 in credit card debt. She laughs it off as ‘girl math.’ Caleb Hammer responds The bank of mom and dad is the de facto safety net for many young Americans. However, Rylie from San Antonio, … Read more

Texas woman treats U.S. taxpayers like her sugar daddy. Has $11,000 in student loans and needs 300% of income to survive. Caleb Hammer responds

‘You can’t afford a single cent of this!’: Texas woman treats U.S. taxpayers like her sugar daddy. Has $11,000 in student loans and needs 300% of income to survive. Caleb Hammer responds The stark reality: nearly 43.6 million Americans have outstanding student loans, according to the Education Data Initiative. For many of these borrowers, the … Read more

Societe Generale posts sharp profit drop as net banking income slides

A logo outside a Societe Generale SA bank branch in Paris, France. Bloomberg | Bloomberg | Getty Images Societe Generale on Thursday reported a sharp decline in fourth-quarter net profit on the back of weaker net banking income, but launched a new 280 million euro ($302 million) share buyback program. The French lender posted group … Read more

Houston mother looking for stable housing, income arrested after daughter kicked out of school

HOUSTON – Dionna Johnson found herself in legal trouble after confronting her child’s school regarding her daughter’s removal from the campus in Northeast Houston. Johnson suffers from systemic lupus, a condition that frequently leads to her missing work. As a single mother, this has made it difficult for her to maintain a steady income and … Read more

Swiss bank Banque Pictet admits hiding Americans’ income from IRS

A sign sits outside Banque Pictet & Cie SA in Geneva, Switzerland, on Friday, Oct. 16, 2015.  Luke MacGregor | Bloomberg | Getty Images A major Swiss bank admitted to conspiring with U.S. taxpayers and others to hide over $5.6 billion from the Internal Revenue Service, the Department of Justice announced Monday. Banque Pictet, the … Read more

U.S. bank profits slow on lower noninterest income, higher realized losses

By Pete Schroeder WASHINGTON (Reuters) – U.S. banks reported Wednesday a slowdown in profits in the third quarter of the year, as lower noninterest income and higher realized losses on bank investments took a toll. The U.S. Federal Deposit Insurance Corporation reported bank profits at $68.4 billion in the most recent quarter, down 3.4% from … Read more

Afghan farmers lose income of more than $1 billion after the Taliban banned poppy cultivation

ISLAMABAD (AP) — Afghan farmers have lost income of more than $1 billion from opium sales after the Taliban outlawed poppy cultivation, according to a report from the U.N. drugs agency published Sunday. Afghanistan was the world’s biggest opium producer and a major source for heroin in Europe and Asia when the Taliban seized power … Read more