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Registered: ‎01-05-2010

The darker side of the industry

Three books on the industrial society and your personal responsibility. The first on the personal finance industry, the second on the retirement industry, and, if you believe improving your credit score is much like dieting, the third on the food industry.

1) Pound Foolish: Exposing the Dark Side of the Personal Finance Industry, by Helaine Olen

"The problem, Ms. Olen writes, is that "most of the financial advice published and dished out by the truckload is useless" — that it is simply "oblivious to the messiness of the human condition.""

"Ms. Olen writes that "Orman's supposed wisdom often contradicts itself," and that her affiliations with companies like FICO and Lending Tree raise questions about the impartiality of her advice."

Personal Finance Advice, Taken to the Woodshed

2) Retirement Heist: How Companies Plunder and Profit from the Nest Eggs of American Workers, by Ellen E. Schultz

"What [GE CEO Jeff] Immelt didn't mention was that GE's pension plans had actually contributed billions of dollars to the company's bottom line over the last 15 years, earnings that the executives had taken credit for. Nor did he mention that GE hadn't contributed anything to the workers' pension plans since 1987 and still had enough to cover all the current and future retirees."

Retirement Heist: How Firms Plunder Workers' Nest Eggs

3) Fat Chance: Beating the Odds Against Sugar, Processed Food, Obesity, and Disease, by Robert H. Lustig

"Q. So for those 3 million who watched your YouTube lecture, what more can they learn here? A. The video was really strictly about sugar and its role in metabolic syndrome and how that related to obesity. But the book is about two things: It's about the science of weight gain and appetite and chronic metabolic disease, and how the food industry has hijacked that science for their own purposes. We need to know what we can do personally and as a society to try to reverse it."

Author dishes on food industry's role in obesity

Never underestimate the power of denial

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