Shareholders of Goldman Sachs are flexing their muscle in response to management’s approval of record bonuses and executive compensation. The Wall Street Journal reported on Friday that investors in Goldman Sachs are expressing frustration in analyst meetings and in personal conversations with the Goldman board. Investors’ main concern is that per share earnings are… Continue Reading
Monthly Archives: November 2009
Melanoma: The Numbers Tell A Grim Tale
Posted in Consumer ProtectionThe number of melanoma cases is increasing at a rate higher than any other form of cancer. And a disproportionate amount of these new cases are found in young women. Since 1980, the incidence of melanoma in younger women has jumped 50%, while rates among younger men remain unchanged. Melanoma has become the most prevalent… Continue Reading
Indoor Tanning Risks
Posted in Consumer ProtectionThis past July, indoor tanning joined the ranks of cigarettes and arsenic, finally earning classification as a bona fide carcinogenic. The International Agency for Research on Cancer (IARC), an expert committee of the World Health Organization, placed tanning beds in the highest risk category, declaring them “carcinogenic to humans." Indoor tanning in the U.S. makes… Continue Reading
Indoor Tanning Series: Still Highly Dangerous
Posted in Consumer ProtectionNew authoritative studies continue to confirm the significant link between indoor tanning and cancer. Despite these reports, teens and young adults continue to visit tanning salons in record numbers. Surprisingly, the public remains largely silent as this public health risk progresses. The strongest voice in this debate comes from the indoor tanning industry, which continues… Continue Reading
Washington Mutual Complicit in Ponzi Scheme
Posted in Banks and Financial ServicesWAMU’s complicity in the scheme resulted in the defrauding of millions of dollars from thousands of investors. Berk Law, the Law Offices of Keith L. Miller, in tandem with Cotchett Pitre & McCarthy filed an action in the United States District Court for the Northern District of California on behalf of victims of a… Continue Reading
Three Cheers for The Federal Reserve
Posted in Consumer ProtectionThe New York Times reported yesterday that the Federal Reserve will move to restrict banks’ abilities to charge overdraft fees. The Fed’s new rules will have multiple impacts on consumers’ relationships with banks: 1. Most importantly, all consumers will be notified of debit card policies and fees in clear, easily comprehendible language. 2. Starting July… Continue Reading
Greed Strikes Again, This Time It’s Pfizer
Posted in Consumer ProtectionIs an extra profit really worth jeopardizing the health of thousands of American consumers? Generally, this blog focuses on the greed of the financial sector, but today I would like to shed light on the misconduct of a major pharmaceutical company. Companies like Pfizer have been putting profits over compliance to the detriment of… Continue Reading
The Perils of Gift Cards
Posted in Consumer ProtectionIf you receive a gift card, USE IT as soon as possible. As the holidays approach, with it comes the consternation and head scratching about what to get for your family and friends. For many, the answer to that question will be a gift card, but before putting down your money for a piece… Continue Reading