According to FoxNews.com, a New Jersey woman used her obituary to make a final political statement to prospective mourners—don’t vote for Hillary Clinton. Elaine Fydrych succumbed after a long fight with lung cancer on August 13th at age 63. The last line of her obituary read “Elaine requests, ‘In lieu of flowers, please don’t vote for Hillary Clinton.’” When asked, Elaine’s husband confirmed that his wife’s plea, while tongue-in-cheek, was nonetheless serious, noting “The more she found out about Hillary, the more she didn’t like her and thought it would be a complete catastrophe if the U.S. elected her president.” Donald Trump couldn’t be reached for comment.
Lawyers Have Best 401(k) Plans
Law firms offer the best 401(k) plans to their employees, according to a recent survey. Brightscope.com recently ranked industries by their average 401(k) plan rating for those containing more than $100 million in assets. The legal industry remains dominant, securing the top spot on the ranking for the third year in a row. Utilities, mining, airlines and technology round out the top five industries with the best 401(k) plans. Meanwhile, the business and finance sector came in seventh out of the 23 industries ranked this year.
The Financial Crisis Was Worse for Minorities
Even educated ones. According to a study by the Federal Reserve Bank of St. Louis, entitled “Why Didn’t Education Protect Hispanic and Black Wealth?” college-educated blacks and Hispanics lost more of their net worth in the financial crisis than whites and Asians. Hispanics with four-year college degrees lost nearly 72 percent of their net worth, compared to nearly 60 percent for blacks and 16 percent for whites, the study reported. Asians actually saw their net worth grow by 5 percent. The reason, researchers say, is that black and Hispanic finances were, generally, in rougher shape before the financial crisis, leaving them more exposed.
A controversial pastor and former financial advisor is headed to federal prison for financial wire fraud. Jim Staley, 40, pleaded guilty in April, admitting that he cheated others during his time as a sales agent for California-based B&B Equity Group. He was sentenced Wednesday to seven years in federal prison and ordered to repay $3.3 million to elderly investors he defrauded in an investment scam. Staley's church ministry, referred to as the "Christian Roots Movement," began to stream messages in 2009. He has since appeared on multiple Christian television networks and radio stations around the country.
