May 18, 2012

Marketplace Money for Friday, May 18, 2012

The spotlight once again falls on the "too big to fail" debate. JPMorgan Chase has now lost $3 billion and counting. Has the financial industry learned nothing since 2008? We talk to one lucky guy who won $51,000 in a gameshow. He'd better not forget Uncle Sam's piece of the jackpot. And whatever you do, if you Yahoo, don't do what the company's CEO did. We learn why you don't want to pad your resume. Plus, meet the latest breed of commuter: the supercommuter.

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Commentary

An app too far?

by Marketplace Contributor

May 18, 2012

Apple's new Apple Store self-checkout app has Wired.com columnist Lore Sjoberg worried.

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Transportation Nation

'Supercommuters' board airplanes to get to work

by Marketplace Contributor

May 18, 2012

Think your commute is long? Turns out a rapidly growing number of commuters are flying to get to work.

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At Lulu's: No Wi-Fi for you!

by Marketplace Contributor

May 18, 2012

Lulu DeCarrone was tired of laptoppers turning her New Haven coffee shop into a silent crypt, so she cut them off. And business has never been better.

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Taxing your winnings

by Tess Vigeland

May 18, 2012

Winning big could saddle you with some serious debt. Tax expert Louis Barajas explains.

American tax law would tax the fair market value -- not the retail value -- of this Porsche Carerra 911 that Maria Sharapova won at her income tax rate if she filed her taxes in the U.S.

THOMAS KIENZLE/AFP/GettyImages

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From little white to blatant: Lies are lies

by Tess Vigeland

May 18, 2012

We all tell little lies -- politeness practically dictates that we do. But there are some serious consequences when even small lies enter your resume.

iStockphoto

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Gameshow dreamers: Come on down!

by Tess Vigeland

May 18, 2012

Tess Vigeland takes us behind the scenes at CBS's "The Price Is Right" to see how contestants are chosen.

Host Drew Carey speaks during a segment of 'The Price Is Right' in Los Angeles.

Frederick M. Brown/Getty Images

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Investors growing more risk averse

by Tess Vigeland

May 18, 2012

Host Tess Vigeland talks with CBS/MoneyWatch's Jill Schlesinger and Sr. Producer Paddy Hirsch about why investors have been slow to return to the markets after a succession of financial calamities.

iStockphoto

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Stockton on the brink

by Marketplace Contributor

May 18, 2012

The city of Stockton, Calif. has been hit hard by the financial crisis. With the city on the verge of bankruptcy, residents share what it's like when your town is teetering on the brink.

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Commentary

Chasing the mythical 8% return

by Chris Farrell

May 18, 2012

An old investing maxim is taken to task.

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The spotlight once again falls on the “too big to fail” debate. JPMorgan Chase has now lost $3 billion and counting. Has the financial industry learned nothing since 2008? We talk to one lucky guy who won $51,000 in a gameshow. He’d better not forget Uncle Sam’s piece of the jackpot. And whatever you do, if you Yahoo, don’t do what the company’s CEO did. We learn why you don’t want to pad your resume. Plus, meet the latest breed of commuter: the supercommuter.