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| Daily Wrap: 5/17/2012 It was another down day for the markets with stocks tumbling to session lows by midday and then continued to fall, amid concerns over the situation in Greece. Famously Disappointing IPOs Are you ready to drop some serious cash for some of that hot and fresh Facebook stock when the company finally makes its trading debut? To borrow an earlier generation's expression - you should cool your jets. Some of the most ballyhooed initial public offerings (IPOs) in history are today famous only for the speed at which they vacuumed out their early shareholders' wallets. Analyst Moves: ANF, GDOT Abercrombie & Fitch (ANF) was downgraded today by Wells Fargo (WFC) to market perform, due to lower comp sales trends. The Best Cash Back Credit Cards, May 2012 Cash back credit cards can help consumers practice responsible spending while earning a little extra for their efforts when used properly. It wasn?t long ago that the best cash back credit cards were offering rewards as high as 5% for all purchases, but that is unfortunately no longer the case. Poverty Is a Threat to Democracy Tavis Smiley and Dr. Cornel West have been working hard to bring the issue of poverty into the consciousness of the citizens and political discourse of the United States. As a team, Smiley and West have been touring city to city, speaking to audiences concerned about the increasing wealth gap in this country. Their book, The Rich and the Rest of Us: A Poverty Manifesto, is the culmination of their observations of American citizens throughout these travels. |