In 2009, a historic townhouse on Manhattan's Upper East Side hit the market for $28 million but didn't sell. The listing recently got a price adjustment—to $35 million. In Miami Beach, Fla., a home once owned by Jennifer Lopez went on the market for $29 million in 2010, but the owner didn't get an offer he liked. So he took it off the market for a year, then relisted it. The current asking price: $40 million.
Dismal market returns haven’t exactly created a tailwind for 401(k) and IRA portfolios over the last decade or so, but an equally pernicious -- and more entrenched -- problem is that our brains are messing with our retirement plans.
In the 1990s, researchers came up with the phrase “time famine” to describe the feeling many Americans have of feeling overwhelmed by work obligations and the general pace of life. According to “The Quest for the 25-Hour Day,” in the Boston Globe, this feeling has a powerful role in people’s underlying happiness: “If time famine can create a state of rolling personal crisis, studies have shown that feeling ‘time affluent’ can be powerfully uplifting, more so than material wealth.”
Fee to hold your airline reservation for a few days: $20. Peak air-travel surcharge: $47. Rental car GPS: $13 a day. Beach chaise longue: $20 a day. Resort fee: $25 a day. Your carefully planned vacation budget? Out the window.
Yale SOM's new course Strategic Marketing Leadership: The Role of a Chief Marketing Officer features leading marketing executives as weekly guest speakers.
Few people have a second act as successful as movie star Paul Newman, whose Newman's Own Foundation will give the most it ever has, $30 million, to charitable causes this year —100 times the amount donated in the first year of Newman's Own.
"How do I buy a stock?" That was the subject line of an email passed along to me the morning of Facebook's (Nasdaq: FB) IPO. It was from a friend of a friend, wondering how to buy a stock because she was looking to sink $40,000 -- her entire life savings, previously set aside for a down payment on a house -- toward the Facebook IPO.
If you’re trying to get consumers to abandon a lower-cost, low-status house brand in a favor of a premium brand with a higher price point — even though that brand isn’t a natural fit in the product category — you may have greater success if you use a picture of the product in your marketing efforts, new research suggests. You'll increase your chances of upselling, the research found, if consumers are also allowed to compare brands rather than judge each brand separately.