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Candidates launch final ad spending push

Tuesday, October 16, 2012 - 04:45 KAREN BLEIER/AFP/Getty Images A woman views the a Mitt Romney ad called 'The Breakup' on September 6, 2012 in Washngton, DC. Tonight, President Obama and Governor Mitt Romney face off in their second presidential debate of this campaign season. While the press coverage won't cost the campaigns a dime, Romney and Obama are gearing up for a final ad blitz. Alex Burns, reporter for Politico, says the final weeks of race will bo doubt see a flurry of ads from both sides, but particularly from the Romney campaign. "We are starting to see Romney really close that gap in force," says Burns. "Right now you are sort of starting to see Romney 'empty the bombay'; last week was the first week, where nationally, he outspent Obama on the air." Kantar Media estimates more than $3 billion will be spent on political ads this year, compared to $2.5 billion in 2008. Super PAC money, unleashed by the Citizens United Supreme Court ruling that allows unlimited spending by corporations ...

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Astrology guides some financial traders

Wednesday, September 19, 2012 - 14:39 Spencer Platt/Getty Traders work on the floor of the New York Stock Exchange. New York is full of people who make big decisions about billions of dollars. To the person on the street, these decisions look rational, like something that's part of a bigger plan. But the course of true investing never did run smooth, and there are some traders who look to the stars to tell them what to do. Financial astrologers like Karen Starich say traders know they're up against a lot of rich, smart people. "They want to have that edge," she says. "They want to know what the future is." Starich chargest $237 annually for her newsletter, which 300 traders subscribe to for news of what will happen to the stock prices of companies, or even bigger, to the Federal Reserve. She sees dark times ahead in the Fed's horoscope. "They now have Saturn squared to Neptune, which is really bankruptcy," Starich explains. Neptune represents money. But when Saturn shows up in a chart, it ...

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Seeing the futures: Astrology guides some financial traders

Wednesday, September 19, 2012 - 14:39 Spencer Platt/Getty Traders work on the floor of the New York Stock Exchange. Marketplace for Wednesday, September 19, 2012 Kai Ryssdal: Financial markets are (as you know if you've been paying attention the past four years) scary places. Not only is it hard to sort out what's going on between the news and the stock charts and the politics of economies here and overseas, but there's real money on the line. Retirements and college funds and nest eggs. So, for guidance, some traders have started to look up. All the way up. Our New York bureau chief Heidi Moore explains. Heidi Moore: New York is full of people who make big decisions about billions of dollars. To the person on the street, like Nancy Kaschel, these decisions look rational. Nancy Kaschel: I would presume it's part of a bigger plan -- a structured idea of how to make money. But some on Wall Street look beyond stock charts to astrological charts. They follow financial astrology: it's like ...

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