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When Has Your Hobby Become a Small Business?

You’ve been writing poetry for years and decide it’s time to share your passion with the world. With a small investment, you are able to create an attractive and unusual book and publish it on the Internet. To your surprise, the book starts selling, and you are regularly making a modest amount of royalties every…

The Consumer Financial Protection Bureau Now Poised to Pounce

The Consumer Financial Protection Bureau (CFPB) is a powerful federal agency tasked with the job of protecting American consumers from unscrupulous financial practices. So far the CFPB has been impressively productive. You know how credit card billing statements are now easier to read than they were a few years ago? How about those new rules…

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The Dollars Loses Luster After Weak Payrolls Report

The dollar lost ground on Friday on the heels of the Labor Departments release of a slightly worse than expected employment report, which allowed bond prices to rally, reducing yields across the interest rate spectrum.  The data eroded the value of the greenback, which saw interest rate differential move in favor of the yen and…