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Most Shocking Headline: Biggest Fraud in Banking History
Banks have been going through big drama from the beginning of the year all the way through the end. In January, a French rogue trader named Jérôme Kerviel managed to lose about $7.2 billion with a series of bogus transactions. The 31-year old trader was responsible for betting on the markets' future performance for his employer, French bank Societe Generale.
How Money Are You: France's Vacation Policy
We celebrated Bastille Day with a variety of flaky croissants this morning, but it's likely many French citizens are enjoying their long Summer vacations and traveling over the holiday.
We might all have a little more joie de vivre if we had as many days off as the French. Do you know what the law says about how much time off French workers are entitled to?
News Flash: The Biggest Fraud in Banking History
While U.S. banks have been making daily news for their financial troubles, France's Societe Generale made the biggest bank headline yesterday. A rogue trader named Jérôme Kerviel managed to lose about $7.2 billion with a series of bogus transactions over the past year.
French Women Don't Get Broke
It seems that we can learn more than diet tips and food moderation from French women. They could teach us a thing or two about managing our money as well. It's no secret that Americans are the best consumers in the world and we've racked up massive credit card debt to prove it.
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Forbes Ranks the 100 Most Powerful Women in the World
For the sixth year in a row, Forbes has rounded up its list of the world's most powerful women. It measures influence by scoring each female leader on visibility (not to be mistaken for popularity) and the size of the organization or country these women lead. The top spot remains unchanged from the previous three years, and German Chancellor Angela Merkel sits at number one of 100 for leading the fourth largest economy in the world.
Americans' Love Lives Most Stressed by Recession
We didn't need an international poll conducted in Canada, the United States, Britain, France, Germany, Italy, Spain, and Australia to determine the recession is affecting most people's lives. But the differences in the ways we're responding to economic worries are definitely interesting. Here are some interesting conclusions from the poll's responses.
I'm Asking: What's the Farthest You've Traveled For a Wedding?
A friend of mine just returned from a three-week vacation that spanned seven countries, and it all kicked off with a wedding in southern France. She made the most of her long-distance trip by turning the single event into a full-blown vacation, smart girl.
It's certainly going the distance for a pal to attend a wedding overseas.
Ranked: 100 Most Powerful Women in the World
The women on Forbes's fifth annual list of the 100 most powerful women in the world control $26 trillion worldwide, and the list is an impressive grouping of government and company leaders. While these individuals are doing quite well for themselves, women hold just 15 percent of top corporate jobs in the US and are chief executives for less than 3 percent of the country's biggest companies. Here are the top 10 most powerful females; visit Forbes for the full list.
Thinking of Taking a Trip? Some Airline Tickets Are on Sale
While most airlines have supersized their ticket prices to cover rising fuel costs others have begun to reduce rates on certain routes in an attempt to bump up demand. The New York Times put together a sale list that highlights bargains that could spark a little wanderlust in any homebody. The best deals include:
- American Airlines and its affiliate, American Eagle, have been offering some low fares to the Caribbean, the Bahamas, Mexico and Bermuda.
Your Two Cents: How Many Hours Do You Work Each Week?
According to The Wall Street Journal, President Nicolas Sarkozy has drafted a bill that would end France's 35-hour work week saying, "The 35 hours have delivered a serious blow to our country, we cannot stress this enough. How could we have this stupid idea to believe that it is by working less that we will create more wealth and more jobs?"
Thirty-five hours seems almost like a part time job to many overworked Americans, but this French conversation got me wondering how many hours you spend working during an average week.
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