Blog Posts by CNBC

  • The Costs of Competitive Kids

    By Daniel Bukszpan,

    Most parents, it's safe to say, want their children to grow up with an edge. They enlist them in team sports, or even chess tournaments, hoping to encourage a killer instinct. They put them on stage to square off against other kids in beauty pageants and dance troupes. And for these activities they pay a small fortune. presents a list of competitive activities for kids, and what parents can expect to pay for their child's involvement. Some are academic, some are in the arts and some are meant to develop strategic thinking. But all of them carry a price tag much higher than you'd expect. Read ahead to see what they are.


    Learning how to be in the 95th percentile of a given subject isn't something most kids can do on their own. Often they'll require one-on-one tutoring to take them beyond what they learn in the classroom. But parents should be aware that there are significant costs associated with teaching a child to excel.

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  • After the Storm: Now What?

    By Suze Orman
    Host, CNBC's The Suze Orman Show

    What You Need to Know

    Now that superstorm Sandy has settled down, those of you who have suffered a loss, need to make sure you understand exactly how your insurance will and will not work.

    Suze OrmanSuze Orman First, I want to say that it is entirely possible that due to the severity of this storm that many of your insurance companies may not stick to the letter of the contract. They very well may be more lenient than expected. One piece of good news is that NY GOV CUOMO announced that NY homeowners will not have to pay the hurricane deductibles that I talk about below because Sandy did not reach hurricane force winds. As I said that is good news and lets hope that is true for all states. But regardless it is important to understand how your insurance works so that you are prepared for the what if's of life if they happen again. Please know that this information has been compiled for you to simply use as a guideline. The true bottom line will depend on

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  • Popular Kids in High School Tend to Make More Money: Study

    By Guillaume Desjardins,

    There's much more to high-school popularity than just being elected prom-king or prom-queen, a recent study from a top economic research organization that is tasked with calling the beginning and end of recessions, has found.

    Social skills necessary to developing networks of friends also leads to a substantial difference in long-term income, according to the National Bureau of Economic Research (NBER).

    By attempting to design an "Econometric model of friendship formation and labor market outcomes," the study found out that a teenager's popularity in high-school is directly and positively related to a subject's income decades later.

    The research team based its work on a 1957 study that asked students at a Wisconsin high-school to name up to three of their best friends. Forty years later, the result shows that "moving from the 20th to 80th percentile of the high-school popularity distribution yields a 10 percent wage premium."

    [More from CNBC:

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  • For the Dog that Has Everything: Concierge Services

    By Natalie Erlich,

    ..Doormen, swimming pools, dry-cleaning - these are some of the perks one expects at pricey Manhattan apartments, but now you can add concierge services for dogs to the list.

    "We're always seeking new things that would enhance our rental product," said Marina Higgins, vice president of ARGO Real Estate, which manages 9,000 co-ops, condos and rental units in New York City. She said having dog-friendly properties "has been a draw."

    "New Yorkers are into pets," Higgins continued. "They are very dog-centric. In order to lead the market, you have to be flexible and welcome well-behaved dogs and conscientious dog owners."

    Like ARGO, many real-estate developers and landlords have learned that dog-friendly buildings are a magnet for wealthy apartment owners.

    [More from CNBC: Most Expensive Apartments in NYC]

    "One way high-end buildings can become more competitive is to offer amenities specifically geared towards pets," said Jennifer Smith, a real estate agent at

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  • Men Better at Saving for Retirement Than Women

    By Holly Ellyat,
    The gap in the amount women and men save for retirement in the U.K. has reached a record high, according to the latest Women and Pensions report from investment firm Scottish Widows.

    The gender gap in savings has increased 10 percent in the last year according to the report, equating to a gap of almost 30,000 pounds ($48,100) between men and women's retirement savings.

    "In terms of savings put aside for retirement, women are now saving an average of 776 pounds per year less than men for use in old age - significantly higher than the 700 pound gender gap recorded last year," the report states.

    The survey of 5,200 adults revealed that the number of women saving nothing at all for retirement has also increased since last year, with 26 percent of women failing to put anything aside for old age compared to 19 percent of men.

    Lynn Graves, Head of Business Development, Corporate Pensions at Scottish Widows said that women's lives were more fragmented and thus it

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  • Do Women Entrepreneurs Have a Different Idea of Success?

    By Jessica Wilkins,

    Lizzy Playford was running the payroll department of a now defunct production company when the 2008 recession forced her to rethink her career plans.

    "It really kicked my confidence and I did not know what to do with myself," 28-year-old Playford told CNBC.

    An enterprise grant from the U.K. Prince's Trust helped Lizzy turn her unusual hobbies - fire dancing and stilt walking - into a successful business.

    Gender was not a factor when securing financial backing, she said, but running a small or medium-sized enterprise (SME) as a woman nevertheless posed several challenges.

    Research by the U.K. government has shown that gender is one of the most likely factors to dictate growth and the success of an SME.

    A report by Britain's Department for Business, Innovation and Skills (BIS) into ambition among the SME sector found gender to be one of the most powerful "explanatory variables" when it came to an entrepreneur's vision. Women may be "less driven by

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  • Romney's 'Binders Full of Women' Comment Goes Viral

    By Cadie Thompson,

    .. Americans were searching for some insight as to just what Mitt Romney meant when he said he went through "binders full of women," during the second presidential debate.

    According to Google, the phrase "binders full of women" was one of the top rising searches during Tuesday night's debate.

    The Republican's "binder" comment was in reference to a question about equal pay for men and women. He was explaining that while he was assembling his Cabinet as governor of Massachusetts, he went through "whole binders full of women" who were qualified for government positions. Ultimately, he said, Massachusetts had more women in senior leadership than any other state.

    While Romney's comment was well intentioned, it has become somewhat of an Internet sensation for all the wrong reasons.

    Tumblr and Facebook pages have been created and named after the comment, and the hashtag 'bindersfullofwomen' was a top trend in the U.S. on Twitter.

    Barack Obama's Twitter account,

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  • Want to Help the US Economy? Get Hitched

    By Katy Barnato,

    Declining marriage rates may be harming the U.S. economy, according to a report by brokerage firm ConvergEx, which draws a correlation between fewer couples tying the knot and falling personal income growth.

    In a report on Monday, ConvergEx said personal income growth in the U.S. stood at 2.9 percent per year in 2010, under half the 50-year average of 5.9 percent.

    The report's authors Nicholas Colas, Beth Reed and Sarah Millar noted marriage rates among the general population have fallen sharply during the same time period, with only 56 percent of American adults currently married, versus 72 percent in 1970.

    As a result, fewer men are benefiting from the "marriage wage premium" - the term coined by labor economists to describe the phenomenon whereby married men earn between 10 and 50 percent more than those who are single (the same does not apply for women). Economists disagree as to the reasons why, but some suggest marriage results in lifestyle changes

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  • One Billion Women to Enter Workplace in Next Decade

    By Holly Ellyatt,

    They say it is a man's world, but perhaps not for much longer as up to one billion women are expected to enter the workplace in the next decade, according to the latest survey from Booz and Co. on women in the workplace.

    The report from the global management and strategy consultancy said the surge in women employees, employers, producers, and entrepreneurs in the next 10 years would improve not only gender equality, but global economic growth - however, it also warned that governments could miss out on this potential.

    "As the world economy grows and develops, countries cannot afford to ignore over 50 percent of their talent pool," Penney Frohling, business strategist and partner at Booz and Co., told CNBC. "There is a view that countries that are able to tap into that talent pool are going to see higher growth. There is a very clear correlation between empowering women and GDP growth, literacy rates, infant mortality rates."

    [More from CNBC: Biggest

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  • The Most Outrageous Excuses for Calling in Sick

    By Cindy Perman,

    Life moves pretty fast, Cameron. Let's just take your dad's car out for a little spin, OK? (Ferris Bueller's Day Off)Life moves pretty fast, Cameron. Let's just take your dad's car out for a little spin, OK? (Ferris Bueller's Day Off) In grade school, they called it "playing hooky." As adults, it's referred to as "taking a mental health day." But any way you slice it, there are fibbers among us who call in sick when they're not - three out of 10 to be exact.

    I knew it! You weren't really sick, were you?!

    Thirty percent of workers admitted to calling in sick in the past year when they were not actually sick, according to a new survey from job site

    CareerBuilder took the research very seriously: They had Harris Interactive conduct the survey, calling on nearly 2,500 hiring managers and HR professionals and nearly 4,000 workers across a range of industries and companies, all in the name of finding out who was sick and who was not. Most of us just make a snide comment at the water cooler or morning meeting and leave it at that.

    Nope, not on CareerBuilder's watch. That's dedication!

    [More from CNBC: 12 Most Overrated Jobs]

    The most interesting part about people calling

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