advertisement
Looking for something on the site? Search for it here! Also see Clark's Greatest Hits
Tuesday, July 31, 2007Other Dates

Websites/phone numbers mentioned:

babymint.com - saving for kids' college
craigslist.org - now charging in some cities
tiaacref.com - low-cost mutual funds
vanguard.com - low cost mutual funds
portero.com - luxury auction site with seller verification

Today's topics are "Best Of Clark" repeats from recent shows

Stockbrokers no longer have free reign

Awhile back, Clark talked about the “Merrill Lynch” rule. The financial industry had gotten the SEC to adopt a rule that basically lets brokerage firms and financial houses off the hook for putting you into risky investments. Well, that is about to change. Clark has great news regarding this long-standing rule, which basically causes clients to lose money and fattens the firm’s wallet. A Supreme Court ruling has just been issued, which requires firms to put your money in investments that benefit you and not them. Until now, the only requirement of firms was that recommendations be “suitable” for the client. That essentially means that an investment is appropriate for the client’s age, but that’s it. It didn’t matter if the investment is the worst fund in existence. And the salesperson handling the money often got free trips or money in return. That is no longer allowed and we’ll keep you posted on any appeals that occur.

Long commutes cause medical problems

Long commutes have been proven to cause health problems, a new report states. University of California Irvine has been compiling data for three decades and has found that those who drive in long commutes for several years will suffer from higher blood pressure and more illnesses. The longer the commute, the worse the health problems. Another study at Colorado State tested the correlation between long commutes and anger. It showed that sitting in the car for long periods of time or encountering bad drivers on the road increases anger in people.

Spy on your home while you're away

What if you could see what was going on in your house no matter where you are? A digital camera in your burglar alarm would capture any suspicious activity and you could see it all. It’s happening, according to the Dallas Morning News. Companies are now selling digital cameras with artificial intelligence. Burglar alarms are often just nuisance calls to police. But if someone is ever really in your home, you can call police and make sure they act on it. Think about what an aid this will be to detectives. It’s a new era in digital visualization that will most likely be fairly affordable. Check out eyesthere.com for more information.

AutoNation heralding fuel efficiency

AutoNation, the largest owner of new car dealerships, has come up with a great new program, whereby “green leaf” logos will be put on cars that get good fuel economy. The owner of AutoNation, Mike Jackson, knows how our dependence on oil from foreign countries is weakening our position in the world. So, he wants to encourage people to drive efficient cars. Clark is 100 percent behind him. Now, if you own a car that doesn’t get great fuel economy, don’t suddenly dump it. The gas costs are just one part of the whole picture. But when the car is on its last legs and it’s time to get a replacement, that’s when you want to buy a more economical car. You can’t control the price of gasoline, but you can control how much of it we use.
send to a friend  view as printer-friendly  RSS feeds
advertisement
advertisement
THIS WEEK'S POLL
advertisement