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May 18th
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Money

Wall Street needs transparency and accountability after hurting small business and the consumer

Wall Street needs transparency and accountability after hurting small business and the consumer
BY DAVID HILLS and MICHAEL LENT
COMMENTARY

Millions of America's small business owners suffer from bad practices on Wall Street - something often given short shrift in debate about creation of a consumer financial protection agency.

As owners of a financial advisement firm with offices in Portsmouth, N.H., San Francisco and New York, we focus on financial products with sustainability, values and transparency. And with more than 70 years of collective experience in the financial services industry, and many clients owning small businesses, we've long known that what's good for Wall Street isn't necessarily good for small businesses and consumers.

Through irresponsible lending, greed and poor risk management, huge Wall Street investment firms and banks brought about a financial crisis that's resulted in massive unemployment and hardships for millions. But while small businesses have borne the brunt of the downturn, it is they who will create the jobs that rebuild our communities.

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Bausch & Lomb opens headquarters in Morris County

Bausch & Lomb opens headquarters in Morris CountyBausch & Lomb opened its new 30,000 square-foot global pharmaceutical headquarters in Madison Monday, a move that will create 70 new full-time, high-paying jobs.

Company officials said New Jersey's...

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Look for the IRS to get more aggressive

Look for the IRS to get more aggressive
BY JIM KOURI, CPP

Most taxpayers have finished filing their 2009 returns ... but watch out.

One tax resolution attorney has a warning: Today's IRS is nastier than ever.

The Internal Revenue Service will ...

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Boroson on Money: Eight hourly, fee-only planners in N.J.

Boroson on Money: Eight hourly, fee-only planners in N.J.
BY WARREN BOROSON
NEWJERSEYNEWSROOM.COM

For sheer wackiness, there's little to compare with the average person's investment portfolio. I've been examining such portfolios for years, and believe me, most...

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N.J. unemployed get help from new federal law

N.J. unemployed get help from new federal law

State's jobless get deadline extension to qualify for existing tiers of benefits

New Jersey state labor officials Wednesday offered good news for thousands of jobless New Jerseyans

They said a new feder...

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Build America Bonds are new option for towns and investors

Build America Bonds are new option for towns and investors
BY BILL HOUCK, CFP
NEWJERSEYNEWSROOM.COM

In a move to boost investment in local roads and infrastructure, the federal government is providing incentives for municipalities to roll out Build America Bond...

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N.J. wants to profit from money left on gift cards

N.J. wants to profit from money left on gift cards

Officials stress consumers would not get stung

BY TOM HESTER SR.
NEWJERSEYNEWSROOM.COM

The New Jersey state government wants to benefit financially from unused gift cards and officials argue it would be ...

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Is now the time for first-time home buyers to jump in?

Is now the time for first-time home buyers to jump in?
BY GERALD J. ROBINSON
NEWJERSEYNEWSROOM.COM

If you're a first-time home buyer with enough cash to make a substantial down payment, jumping into the current depressed market is tempting. But there's that...

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N.J. coalition against sending state subsidies to Goldman Sachs and other corporations

N.J. coalition against sending state subsidies to Goldman Sachs and other corporations

Wednesday in Jersey City, the Better Choices for New Jersey Campaign held a press conference outlining the nearly $58 million in taxpayer dollars the state has provided to financial giant Goldman Sach...

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