In this episode, Toyota gets exonerated, Hummer owners pretend their cars are electric, and do you wear your seatbelts?Subscribe with iTunes (audio) Subscribe with iTunes (video) Subscribe with RSS (audio) Subscribe with RSS (video) EPISODE 203 SHOW NOTES
Tax cheats found lucrative ground last year with the $7,500 federal tax credit for electric vehicles. The IRS says that of the approximately 65,000 people that claimed the credit, 20 percent were in error.
The EV tax credit was claimed for such vehicles as the Hummer H3, Dodge Durango, and Cadillac Escalade.
According to the IRS, the credit only applies to vehicles primarily powered by an electric motor, and that can be plugged in to recharge the batteries. Further, the batteries must have a capacity of at least 5 kilowatt-hours. A vehicle that meets this minimum requirement would … Read more
How much do we have to pay you to buy an electric car? Ferrari does its first AWD hatchback! You might actually get your Nissan Leaf before you die. Plus, we drive the Scion tC.Subscribe with iTunes (audio) Subscribe with iTunes (video) Subscribe with RSS (audio) Subscribe with RSS (video) EPISODE 201 SHOW NOTES
Cybercriminals buy and sell stolen information using a vast network of online stores, forums, and even social-networking accounts, according to a report released yesterday by PandaLabs.
Posing as a cybercriminal to gain access to this online black market, PandaLabs researchers uncovered a world where the bad guys work together to buy and sell stolen bank account information, credit card numbers, passwords, and other products. Much of this illegal enterprise is done through online stores and forums, but PandaLabs found criminals using Facebook and Twitter accounts to set up shop as well.
Though this black market is relatively open, the security … Read more
Intuit is looking to increase its presence in the mobile payment market by offering a free credit card reader for smartphones and eliminating monthly fees. The offer extends to people who sign up by mid-February. The service, called GoPayment, was launched in 2009.
Intuit is best known for its Quicken personal finance software, TurboTax tax preparation software and service, and QuickBooks for small business, With this free offer, Intuit is squaring off against Square which also offers a free credit card swiper and no monthly fees. Both Intuit and Square do charge transaction fees which, for most users, start around … Read more
Intuit is offering some healthy incentives to get small businesses to adopt its GoPayment mobile payment service.
Launched in 2009, GoPayment lets small business owners process credit card payments on the go by using a card reader that attaches to a compatible mobile phone. Normally, the card reader costs money, while the service entails a monthly fee.
But as of yesterday, Intuit is now offering a free card reader and is waiving the monthly service free for most customers who sign up for GoPayment by the middle of February. The deal is actually sweeter for people who don't do … Read more
At CES here, the company announced that Citigroup will be launching a trial of a credit card that lets users pay with either their regular credit account or with reward points they've accumulated. The user will press a button on the credit card to select a method of payment. That will activate the card's built-in electronics and rewrite the magnetic strip on the back so standard credit card-reading machines will use the chosen account. Updated with … Read more
The U.K. government should offer tax credits to businesses that upgrade their networking equipment to support IPv6, according to Vint Cerf, who is widely regarded as one of the founders of the internet.
Cerf, who co-invented TCP/IP, said on Thursday that businesses in the U.K. and the rest of Europe risked being cut off from customers in parts of the world that do have widespread IPv6 support. There will be no more IPv4 addresses available within two years' time, meaning no new people or devices will be able to be added to the Internet using this legacy … Read more
commentary To wannabe cord cutters out there: the cable industry says you don't exist, but count some Wall Street analysts as believers.
Reuters reported yesterday that top media and cable company stocks dipped after Credit Suisse downgraded shares of Disney, Viacom, News Corp., and Time Warner.
Credit Suisse anticipates that more young Americans will elect to drop their cable TV provider and replace it with one of the services that delivers video over the Web, such as Netflix, Apple TV, and the upcoming Google TV. That will prompt the cable companies to reduce their fees to TV networks and … Read more
So, what does today's show title mean? If you're a news junkie, you probably already know, but to Jill and Wilson's surprise, even in the financial capital of the country, nobody really knows who the heck Elizabeth Warren is. (In case you don't know, she's the Chairman of the TARP Oversight Committee and will likely be appointed as a "Special Adviser to the President" to run and build the new Consumer Financial Protection Agency.)
Warren has been a leading advocate for consumer financial protection for decades and was the person who initially came up with the idea for the CFPA. But what's interesting is that it was really the Internet, "The Daily Show", and social media that has made her into the "Money Momma." Unfortunately for Jill, "Money Aunt" doesn't seem to have the same ring to it. We won't get into other M-related alliterations.
As usual, Aunt Jill has some great advice for anyone who needs a little financial guidance in these trying times. For the tech enthusiast, there's Mint.com to manage and track your personal finances, and the best feature is its capability to automatically categorize your spending on your credit and debit cards. But keep in mind that you are giving up your personal financial information, user names, account numbers and passwords to a third party.
Some bullet points also to follow:
Don't buy actual gold; buy gold-based traded funds. In general, don't buy gold unless you know what you're doing.
Follow Jill at @jillonmoney for daily financial tips. We're still thinking of a Twitter hashtag for her to use. Send us your suggestions.
The First Time Home Buyers' Tax Credit has expired.
Only consolidate your student loans (and loans in general) if you're going to get a lower rate.
You're probably "SOL" if you bought a brand new car a few years ago, are still making payments, and want to get a new car. Jill's advice is to buy used always. She even did, and she definitely makes more money than any of the guys.
Finally, couples who want to start a joint bank account together should find a bank or network that is close by. If you're adventurous look into credit unions. And there are a few banks that don't really have branches but will refund all ATM fees.
If you have any financial questions or just want to send your love to Aunt Jill and The 404, feel free to send us an e-mail at the404 [at] cnet [dot]. Or call us at 1-866-404-CNET (2638) and leave a message. Jill demands that you follow her on Twitter @jillonmoney, or follow us at @the404, @rhapsodyartist, @malusbrutus and @jeffbakalar.Episode 667 Subscribe in iTunes audio | Suscribe to iTunes (video) | Subscribe in RSS Audio | Subscribe in RSS Video… Read more