Jump to August 2011 archive page: 1 2 3
  • Paris is for cheating executives

    Apparently, business isn’t all that gets done when executives visit Paris. Reuters reports that it’s also a hot spot for extramarital flings.

    According to Reuters, a dating website for extramarital affairs called Gleeden.com recently conducted a survey on where in Europe is best to have a fling while on a business trip.

    Paris was the top choice, with more than half of business travelers surveyed choosing the city of light for infidelity.

    Other popular spots for cheating on your spouse or partner while on a business trip included Milan, Barcelona and Brussels.

    The website surveyed nearly 1,000, 30- to 55-year-olds who are in fixed relationships and say they make more than $70,000 a year.

    Show more
  • In weak economy, the old car will do just fine

    GM / Wieck

    2011 Chevrolet Cruze

    Here’s a potentially worrisome sign for carmakers and auto dealers: In the current weak economy, more than half of Americans recently surveyed said they’d put off purchasing a new car because of the financial burden.

    The American Automobile Association asked respondents if, in the past 12 months, they had decided to keep an older car because they didn’t want the financial burden of newer one. Fifty-four percent of those surveyed said they had.

    The news comes as some automakers openly fret about whether economic worries are dealing a blow to consumer confidence, in turn causing potential buyers to shy away from a visit to the car dealership.

    Even though U.S. automakers saw sales rise in July, executives said they are worried about high unemployment and other economic woes.

    In addition, automakers are still recovering from the effects of the Japanese tsunami in March, which damaged carmakers and suppliers and left some dealers with few vehicles on their lots. That’s continuing to hurt some Japanese automakers.

    On the other hand, used car sales appear to be faring much better.

    Everyone knows the downside to holding on to an older vehicle: They break down.  The AAA phone survey of 1,000 people also found that nearly 4 in 10 of those surveyed could pay for a $2,000 repair with cash. The rest would either rely on credit cards or borrowing from other sources.

    At the same time, however, about one-fourth of those surveyed said they’d neglected repairs and maintenance because of the weak economy.

  • Msnbc.com's John Schoen chats about the debt ceiling

    Msnbc.com’s John Schoen joined us for a live Web chat Wednesday to answer your questions about the debt ceiling.

    Here’s one of John’s answers to questions from the live chat. (See below for the full Q&A.)

    Mike asked:

    “Aren't we really painted into a corner that will take a while to extract ourselves from? Interest rates can't go any lower, stimulus cause debt bloat and uncertainty, and tax cuts only increase debt from the revenue side. Are there any tools left to be brought to bear?”

    John replied:

    “That's exactly why the outlook is troubling right now. The time to balance the budget is when the economy is booming. (The same holds for consumers too, by the way.) But the borrowing of the last decade now has to be paid back. That's going to be painful - no matter how Congress goes about it. We've also seen a massive stimulus from the Federal Reserve - which recently ended its latest round of bond buying to keep interest rates low. There's talk that the Fed may come back with another round, but it's not at all clear how much good it would do.”

    Here’s the full chat archive:

     

    For more analysis on the debt ceiling, check out John’s recent story on the topic: After debt deal, economy in deeper peril

    If you have a question for our TODAY Money experts, submit it here.

    To sign up for an e-mail reminder for our next chat, click here.

  • Shady: The best sunscreens under $10

    By Kara Reinhardt
    Cheapism.com

    With August already upon us, time is running short to spend a summer day outside catching some rays. Of course, those rays — UVA and UVB — are responsible for everything from sunburn to age spots to melanoma. So don’t forget to wear sunscreen whenever you venture outdoors for more than a few minutes. Expense is no excuse: Plenty of low-priced sunscreens — even store brands — protect your skin at least as well as pricey creams.

    Choose a sunscreen with an SPF, or sun protection factor, of at least 15 — higher if you have fair skin, live at a high altitude or low latitude, or plan to be out in the middle of the day. But don’t pay more for an SPF higher than 50. There’s no evidence it will offer any extra protection, according to the U.S. Food and Drug Administration. In fact, a recently proposed FDA regulation would make “50+” the maximum value allowed on a label.

    The most effective sunscreens offer broad-spectrum protection against both UVA and UVB radiation. Beginning in summer 2012, a new FDA rule will allow only sunscreens that protect against both to bear the “broad spectrum” label. Until then, the American Academy of Dermatology suggests looking for ingredients with barely pronounceable names: avobenzone, cinoxate, ecamsule, menthyl anthranilate, octyl methoxycinnamate, octyl salicylate, oxybenzone, sulisobenzone, titanium dioxide, and zinc oxide. (The AAD recently defended oxybenzone against critics who call it a health hazard.)

    The new FDA requirements also forbid the word “waterproof” on sunscreen labels, asserting that water reduces the effectiveness of any sunscreen. Instead, qualified sunscreens will be labeled “water resistant” and indicate how long they continue to protect wet skin (either 40 or 80 minutes). Regardless, be sure to reapply after swimming.

    Proper application is key to protecting your skin from the sun. Put on sunscreen 15 to 30 minutes before going outside and about every two hours afterward. The palm of your hand holds about an ounce of sunscreen, enough to adequately cover an adult in a bathing suit.

    Below are Cheapism’s top picks for sunbathers on a budget.

    • Banana Boat Ultra Defense SPF 50 (starting at $9 for 8 ounces) protects against both UVA and UVB radiation. The water-resistant lotion absorbs quickly and moisturizes with aloe vera and vitamins A and E. Even users with fair skin post favorable reviews. (Where to buy)
    • No-Ad SPF 45 (starting at $8 for 16 ounces) delivers the most value for the money but doesn’t spend any on marketing, so you may not have heard of it. However, reviews say this water-resistant sunscreen works just as well as a name brand. Some SPF levels come in both a lotion and a spray for quicker application. (Where to buy)
    • Neutrogena Ultra Sheer Dry-Touch Sunblock SPF 55 (starting at $9 for 3 ounces) provides non-greasy protection against UVA and UVB radiation, making it ideal for faces. Users posting reviews appreciate that it doesn’t clog their pores or irritate their skin. The drawback is the cost — quite a bit more per ounce than the other options on our list. (Where to buy)

    More from Cheapism:

    Cheap sunscreen
    Cheap sunglasses  
    Mosquito trap reviews

  • Here's how to survive August at work

    Now that all that debt ceiling excitement is out of the way, it’s time to move on to the real business of August: Pretending to work.

    If you’re unlucky enough to be stuck in the office while at least half of your co-workers, customers or bosses are off on vacation, the hours can drag on. And yet, appearing not to be hard at work is a major faux pas in the current economic environment.

    Luckily, Gawker has some tips for you. The website recommends things like typing a lot — what you type is irrelevant — creating a busywork-type project, sending e-mails at odd times and pretending to be walking busily toward nonexistent meetings.

    Since looking busy is a timeless art, we went back in the vault a few years to come up with some other creative solutions to the August doldrums.

    A Wired story from 2008 recommends complaining that you’re totally swamped whenever possible. In another post from 2008, a website called BusinessFinance suggests scheduling meetings with friends in other parts of the organization and keeping your desk messy so people think you’ve got lots going on.

    You are also more than welcome to spend your hours reading this blog.

  • Cost of education is No. 1 financial worry for moms

    BabyCenter

    We know that kids days are expensive these days. Recent government figures show it costs an average $227,000 to raise a child from birth to age 17.

    Now a new survey finds that the expense moms are most likely to be worried about is education.

    About two-thirds of current or expecting moms surveyed by parenting website BabyCenter said they are concerned about paying for their kids’ school or college education. That was far more than the No. 2 concern, the cost of housing, which was cited by nearly half of those surveyed.

    Other basic living expenses including the cost of child care, health care and food, also were listed by more than four in 10 moms in the survey of 1,300 BabyCenter users.

    Parents also are worried about financing family fun: More than 4 in 10 moms said vacations were a big financial worry.

    The survey, which was conducted in June, also found that about 4 in 10 moms waited to start or expand their families until they felt financially stable. That’s in keeping with other data showing that some parents have been delaying children because of the weak economy.

    TODAY financial editor Jean Chatzky, also a BabyCenter.com contributor, discussed the findings on the show Tuesday.

    TODAY financial editor Jean Chatzky shares the latest from a new 2011 BabyCenter.com report on the cost of raising a child in the U.S. and ways to save money.

     

     

  • For $175 million, you can own America's most expensive home

    Hall & Hall

    Own your own little ... OK pretty big chunk, of the Cowboy State.

    Listing: 3-bedroom main residence, 4-bedroom guesthouse, equestrian ranch

    Location: Jackson Hole, Wyoming

    Price: $175 million

    The Jackson Land & Cattle property has a bit of a Cinderella quality to it. Once an old English discipline riding center, the property has been renovated and upgraded making it America's most expensive home for sale at $175 million, according to Forbes.com.

    "Everyone keeps saying it. I really wasn't aware of that fact," said John Pierce, the property's real estate broker with Hall and Hall.

    When Richard Fields, a prominent casino developer and the property's current owner, purchased the property in 2003 he brought the original architect, Jonathan Foote, out of retirement to "reconfigure it with a more western feel," Pierce said.

    No one had lived on the property before, but Foot converted an old barn into a three-bedroom home and added a four-bedroom guesthouse. The 1,750 acre property also includes a 52-stall equestrian center and indoor and outdoor riding arenas. 

    Though it's the most expensive property Pierce has ever attempted to sell, he said it's not unusual for Jackson Hole properties to be listed so high. 

    "People come to Jackson Hole from California and experience sticker shock on the prices here," he said. "It's a very unique place and it's incredibly protected. The saying that 'They don't make it like this anymore' really holds true in Jackson Hole."

    Pierce said the property, which was just recently listed, has garnered so much publicity that he's already had one showing and a number of inquiries. 

    "Word got out and we had to jump in front of the train," he said. "Our whole marketing brochure isn't even complete yet."

    Ideally, he said, he doesn't want someone to come in and develop the property, but rather protect the ranch and one of the most scenic valleys in the area. More than 97 percent of Teton County is permanently protected from development in national parks, forest and public lands, and much of the private acreage is also protected in conservation programs through organization such as the Jackson Hole Land Trust.

    "It will have to be somebody with a vision and passion for Jackson Hole and a sizable checkbook that can take advantage of tax benefits by working with the local land trust," he said.

    Listing courtesy of Hall and Hall

    Hall and Hall

    Want a little privacy? This might be just the place.

     

    Hall and Hall

    If the fish aren't biting, you can restock your own lake.

     

    Hall and Hall

    Perfect for your private derby: A 52-stall equestrian center.

     

  • Kids (with adults) eat free at IHOP

    If your kids like breakfast for dinner, then August is your lucky month.

    IHOP is letting kids 12 and under eat free between 4 p.m. and 10 p.m. every day this month – as long as adults eat, too.

    The promotion lets children choose one free “Just for Kids” item with every purchase of an adult entrée. Just for kids items include pancakes, macaroni and cheese and other kid favorites.

    Tip of the hat to eater.com, which first alerted us to the deal.

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