On Your Bottom Line

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June 29th, 2012
06:29 PM ET

Children with pre-existing conditions

Marla Tipping, whose son was born with a deadly form of high cholesterol, discusses what the Supreme Court's decision means for her family.

Filed under: Your Bottom Line
June 29th, 2012
04:06 PM ET

Health care: The challenges ahead

Christine Romans explains why the Obamacare ruling is just the first step on a long road to fixing the U.S. health care system.

Filed under: Your Bottom Line
June 24th, 2012
09:55 AM ET

Portfolio check-up: is your money safe?

It's been a bumpy second quarter for stocks, but the year's halfway mark is the perfect time to check in on your portfolio.

Read more: Minding your portfolio in uncertain times

June 23rd, 2012
09:55 AM ET

Recession widens racial wealth gap

American families lost nearly 40% of their net worth between 2007 and 2010, but the drop for African American families was even more extreme.

CNNMoney's Tami Luhby crunched the numbers:

The median household net worth for whites was $110,729 in 2010, versus $4,995 for blacks, according to recently released Census Bureau figures.
The gap between the races widened considerably during the recent economic downturn, which whites weathered better than blacks, Hispanics and Asians.
The latter three groups saw their median household net worth fall by roughly 60% between 2005 and 2010, while the median net worth for white households slipped only 23%.

That wealth gap is nothing new. African American families had hoped the first African American president would address their issues. Demos senior fellow Bob Herbert and Ryan Mack, the president of wealth management firm Optimum Capital Management, disagree about whether the president has done all he can.

Filed under: Your Bottom Line
June 23rd, 2012
09:40 AM ET

Should health care cover pre-existing conditions?

Health care reform may be President Obama's signature achievement - but its future is in jeopardy. At any moment the Supreme Court will rule not on whether it is right or fair, but whether it is Constitutional. The battle centers on the individual mandate, which requires most Americans to buy health insurance if they don't already have it. The law is unpopular with voters as well. According to a recent CNN/ORC poll, 51% of Americans oppose the law, but 28% of those who oppose the law say the law is not liberal enough.

Will Cain and Dean Baker, the co-director of the Center for Economic and Policy Research debate the possible outcomes of the Supreme Court's decision. Christine Romans moderates.

Filed under: Health care • Your Bottom Line
June 22nd, 2012
03:01 PM ET

Who's to blame for weak recovery?

It doesn't matter who wins the White House in November; the next president will not save the economy.

Our problems are global, structural, and decades in the making. That presents a tremendous challenge for President Obama.

According to a new bankrate.com poll, 6 in 10 Americans say their personal finances will be an important factor when deciding who to vote for in November.

CNNMoney: Explore President Obama's economy

President Obama didn't break this economy, but he has not fixed it either. There can be no doubt - the recovery is ailing: GDP growth has slowed, home prices are still looking for a bottom and hiring has slowed down.

Wall Street Journal writer Stephen Moore and Sirius XM Stand UP's host Pete Dominick disagree on who's to blame. Christine Romans moderates.

Catch more of the interview Saturday at 9:30am EST on CNN

June 22nd, 2012
02:59 PM ET

This weekend on Your Bottom Line

Are you better off than you were four years ago? It’s your call to make with 5 months left to the presidential election.
But what if we told you no matter who is in the White House in November we’ll be in a recession next year?
What if we told you that come November 6, not a single new job will be created no matter who is President?

Also, it doesn't matter what the Supreme Court rules on health care reform. Millions of Americans won’t like it nor will they understand it - but we’re going to explain it.

And African Americans were crushed by the recession and left behind in the recovery. We’ll look at the astounding wealth gap between whites and African Americans and whether President Obama has let them down.

Your Bottom Line airs Saturday at 9:30am EST on CNN

June 22nd, 2012
01:02 PM ET

Pawn to E-5!

Financial crisis expert Ken Rogoff tries out his best chess moves on Christine Romans. See the interview here next week.

Filed under: Behind the Scenes
June 20th, 2012
01:45 PM ET

Originally posted on Early Start with John Berman & Christine Romans:

You may not know it, but there may be more CNN anchor influences in the new HBO show “The Newsroom” than you’d think.

On Monday night, “Early Start” co-host Ashleigh Banfield and CNN Business Correspondent Christine Romans attended the highly anticipated premiere of “The Newsroom.” It’s the newest project from screenwriter Aaron Sorkin, best known for his work on the TV show “The West Wing” and the movie “The Social Network.”

Though Sorkin has insisted that his lead character in the show is not based on any specific news anchor, he did admit to Christine that the show’s financial reporter was loosely based on her.

“He said, look, none of these characters are based on anyone. Except there’s you in the Olivia Munn character. And he said now she’ll grow on you,” Romans says on “Starting Point” this morning. “I said, wait a minute, what is that supposed to mean…

View original 254 more words

Filed under: Your Bottom Line
June 19th, 2012
10:32 AM ET

Minding your portfolio in uncertain times

Greek voters picked the pro-bailout party in Sunday’s elections.  But stocks ended mixed on Monday after a day of choppy trading.  Why?  Serious questions remain about broader problems in Europe, like Spain.

Despite early gains today, U.S. markets have been jittery of late.  The S&P 500 is still down more than 3 percent over the past 3 months, and economists warn the U.S.economy is still very fragile.

“We might be hit by another hammer blow coming from Europe,” says Harvard economics professor, Ken Rogoff, former chief economist for the IMF.  “So even if you don't know that the meteor is going to hit,” he says, “you're sort of hiding and worrying about it.”

But you shouldn’t hide.  There are some simple things you can do to protect your money right now.

Here's a checklist:  Check in on your investments regularly. Make sure you are allocated properly and taking the right risks for your age group and time horizon. And rebalance periodically.  Check out this calculator to help you.  Don’t wait for a crisis to make a move.

Filed under: Your Bottom Line
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