60 minutes

Are You Being Suckered by High-Speed Computers?

Posted on 04/2/2014 by |AARP Blog Author | Comments

Money & SavingsIn his new book, Flash Boys: A Wall Street Revolt (W.W. Norton & Company, 2014), Michael Lewis, author of  Moneyball and The Big Short, says stock market trading may be rigged by so-called high frequency traders using supercomputers. During an interview about his book Sunday on CBS’s 60 Minutes, Lewis discussed the impact of high frequency trading in what’s known in the brokerage world as front-running. To explain what this is, let’s say you wanted to buy 100 shares of …

Remembering: Mike Wallace, 93

Posted on 04/8/2012 by |General News | Comments

EntertainmentMike Wallace was an institution in the news industry. He interviewed presidents, singers, mobsters and civil rights heroes. He needled them with a sophisticated coolness that only Wallace could. He infuriated some, charmed others and educated us all when we watched his interviews. CBS News’ eulogy for Wallace points out that “when Wallace was born in 1918 there wasn’t even a radio in most American homes, much less a TV.” For 65 years of being in front of the camera, …