Newsweek - Robert McKinley

Robert McKinley was interviewed by Newsweek reporters for scores of  personal finance and business related articles. The most significant interviews are listed here with links to the either a full description and/or the full text.

1.Newsweek – November 3, 2003

Money: Perfect Presents
 Give the gift of… plastic? Everyone’s doing it. Consumers are expected to buy $45 billion in gift cards this year. Most are Visas or MasterCards, preloaded with cash, and good anywhere the regular credit cards can be used. But shop carefully. A gift Visa from one bank might have better terms than one bought at another, cautions Robert McKinley of Ram Research. Shop by going to favored retailers or at Visa.com and MasterCard.com, and check the fine print. Some…

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2.Newsweek – February 13, 1995

Money Watch,  Credit-Card Crunch
 OUR NATIONAL PLASTIC HABit is reaching new heights, just as the Federal Reserve is nudging rates on those cards close to their own zeniths. The average cardholder has been adding about a card a year since 1990 and in 1994 used about 10 bank, gas and store cards to charge 25 percent more than the year before.Some of this activity reflects the different ways consumers use credit cards now. Shoppers leave the checkbooks home and charge groceries, movie tickets and taxi fares to cash in on card…

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3.Newsweek – June 15, 1998

Read the Fine Print,  The wave of bank mergers means – surprise! – fewer features and higher costs for credit cards
 CARDHOLDERS, GET OUT YOUR READing glasses. Bank-merger mania and the hyperactive credit-card market is getting more profit-hungry and less competitive. Citibank alone will emerge with $65 billion in business and the top six issuers will account for 60 cents of every dollar charged. Issuers already saturating the market are revamping and dumping card features at warp speed as they try to squeeze the most from cardholders.You may not realize anything has changed until you get hit with a new…

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4.Newsweek – October 4, 1993

Plastic Checks
 Wal-Mart is coming to town. Or so many folks around here seem to think.The rumors started last summer, about the time some construction workers supposedly saw two unidentified men in business suits inspecting a possible location.Not too long after that, so the rumors go, someone saw a helicopter flying over the same location, next to the new Texaco station along U.S. Highway 175 at Malloy Bridge Road.The problem is, according to Wal-Mart officials, the rumors are just…

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5.Newsweek – December 2, 1991

Cap Your Own Card
 JANE BRYANT QUINN VIRGINIA WILSON THE AMOUNT OF LOW-INTEREST CREDIT IS GROWING FOR PEOPLE WHO TAKE THE TIME TO LOOK For one thrilling moment, America believed in Santa Claus. The Senate voted to chop the top interest rate charged on credit-card balances to 14 percent annually, down from an average of 19 percent. If you carry $2,500 in debt, you’d save $125. But then, like the Grinch who stole Christmas, the House swept the package from under the…

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6.Newsweek – April 5, 1993

Investment Tips? Just Dial 1-900… Kiss Bad Credit Goodbye
 und and took another shot, which was blocked by Tech’s Jon Babul but went off the glass and hit the rim.Georgia’s Shon Coleman grabbed the rebound and scored, but officials stopped play for what they thought had been a shot-clock violation on Evans’ second shot. They conferred for several minutes before turning to Fox Sports Net South to review the instant replay.They determined that Evans released the ball with two-tenths of a second on…

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7.Newsweek – October 16, 2000

Plastic Is Getting Smarter,  The latest credit cards include chips that make online ordering a snap. And they look pretty cool, too.
 Go ahead, admit it. You’ve got a wallet problem. No, we’re not talking about the lack of large-denomination bills. We’re talking cards, and if you’re like most people, your wallet is crammed with them–several credit cards, ID cards, a Blockbuster card, grocery-store cards, gas-station cards, phone cards, a health-club pass, frequent-flier cards and probably some others you’ve forgotten about. Sure, Dustin Hoffman learned in the…

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8.Newsweek – October 04, 1999

Plastic Surgery at AmEx,  The credit-card giant rolls out a new high-tech face
 For years, credit cards were like Boy Scout badges that signaled the owner’s financial status. But in an age when just about anybody can get a gold or platinum card, they no longer impress. So American Express has decided to try out a new color of money with its Blue credit card, its biggest product launch since Optima in 1994.The card’s biggest attraction is an initial teaser rate of zero percent for the six months. But AmEx is also hoping to win over the tech set…

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9.Newsweek – April 9, 2007

Higher Rates! Bigger Fees!
 In recent weeks, you’ve heard plenty about the sleazy side of the subprime mortgage business. Rising numbers of borrowers are losing their homes after being lured into high-cost mortgages they couldn’t afford. But there’s another piece of the painful subprime story that hasn’t hit the headlines yet: costly–sometimes abusive–subprime credit cards. They’re bleeding millions of borrowers who didn’t know what they…

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10.Newsweek – August 27, 2001

Maxed Out,  A nation of shoppers, we financed the boom of the ’90s with a heavy reliance on credit. Now, with the economy slowing, the bill for our record borrowing may finally be coming due
 Frank and Naomi Cooper have a secret for sound sleep: debt-free living. Frank, 86, remembers baling hay for 50 cents a day during the Depression, so he refuses to take financial risks. He paid cash for his house. He once burned a credit-card offer that came in the mail. “If you don’t have the cash, you just don’t buy,” he says. Their daughter Linda Rinkes, 53, has liberalized that maxim only slightly. She has a car loan and carries a…

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11.Newsweek – November 19, 2001

Caution! Falling Rates.,  The Fed cuts are helping prop up the economy, but to some they are a mixed blessing. Retirees have been hurt and cardholders have yet to see big savings.
 The last time interest rates were this low, “Moon River” was a new song and “West Side Story” was sweeping the Oscars. In 1961 there were no MasterCards or Visas. A new house cost less than $18,000, and you couldn’t buy a mortgage-backed bond like a Ginnie Mae or a Freddie Mac if you wanted to. There weren’t any. Today’s more complex economy runs on credit, and the Federal…

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12.Newsweek – February 21, 2005

Money: Save Paper On Your Plastic
 Americans blew more than $24 billion on credit-card fees last year, an 18 percent jump from 2003, says CardTrak.com . It’s more than we spent on milk and eggs. Here’s how to save: ^ To beat late fees, set up monthly minimum payments from your checking account. You can do this through online banking, or by asking your credit-card issuer to set up withdrawals from your bank account.^ Say no to annual fees. If your card issuer won’t drop the fee,…

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13.Newsweek – June 6, 2005

Credit Cards: Paying Double
 Coming soon to a credit card near you: bigger monthly bills. Two years ago federal regulators told banks to start raising required minimum payments but gave them time to comply. Now “it’s going to happen rather quickly,” says Kevin Mukri, of the Office of the Comptroller of the Currency. (Some issuers, like Bank of America, have already bumped up their bills.) The rules are aimed at protecting consumers by ensuring that minimum payments will at least cover…

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14.Newsweek – September 2, 2002

Money: College Credit
 It’s like a credit card with training wheels. A new MasterCard for students from College Parents of America (www. collegeparents.com) lets parents set a credit limit up to $5,000, get the card first so they can hand it over with a lecture and review account details any time. With no annual fee and a 14.99 percent interest rate for students (or 11.99 if parents cosign), it’s good for kids who could use some financial guidance. But not all students…

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15.Newsweek – December 10, 2007

Capital Ideas
 So, how are you doing? It used to be that you were OK if you earned the equivalent of your age in thousands, but success has become a lot costlier and more complicated since then. Here are some updated ways to measure your financial health. • Check the averages: Median U.S. household income is $48,000, and if your family brings in $88,030, you’re in the top quintile of households. If the members of your household are earning more than $157,176,…

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16.Newsweek – August 23, 1999

Stupid Card Tricks,  The perils of plastic have always been plentiful, cleverly hidden in the fine print. But now credit-card issuers have a whole new repertoire.
 You’ve done road rage, but what about card fury? That’s the feeling you get when you know you’ve paid your credit-card bill on time, but your issuer still slaps you with a late fee and a new interest rate so high you can’t believe it’s delivered by your mail carrier and not some Mafia thug. If you don’t pay your bill on time next month, will they raise your rate again–or break your legs?It’s not as…

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17.Newsweek – July 12, 2004

Handling The Rate Hike
 Alan Greenspan made his move last week; now it’s your turn. Oh, sure, you could just sit back and watch the rates rise on your home-equity line and your credit cards while your 401(k) slides sideways. Or you could get busy, preparing your finances for the more inflationary, higher-interest-rate environment that’s likely to be around for years to come. Here’s what to do: Lock in your loans. Got a home-equity line that’s floating above the…

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18.Newsweek – May 29, 2000

Surviving Higher Rates,  With the Federal Reserve taking a bead on inflation, investors have to dust off strategies for coping with escalating interest expenses.
 Chairman Al has fired again. Determined to contain inflation, the Federal Reserve raised interest rates last week for the sixth time in a year and hinted broadly that it would up the ante again this summer. Fed chairman Alan Greenspan wants to squeeze the economy so price increases in oil and houses don’t spread to other areas, such as groceries and wages. The policymakers pushed the federal funds rate–the rate banks charge one another for overnight loans–up to 6.5 percent, its…

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19.Newsweek – February 13, 1995

Money Watch,  Credit-Card Crunch
 OUR NATIONAL PLASTIC HABit is reaching new heights, just as the Federal Reserve is nudging rates on those cards close to their own zeniths. The average cardholder has been adding about a card a year since 1990 and in 1994 used about 10 bank, gas and store cards to charge 25 percent more than the year before.Some of this activity reflects the different ways consumers use credit cards now. Shoppers leave the checkbooks home and charge groceries, movie tickets and taxi fares to cash in on card…

Purchase Complete Article, of 852 words
20.Newsweek – December 2, 1991

Cap Your Own Card
 JANE BRYANT QUINN VIRGINIA WILSON THE AMOUNT OF LOW-INTEREST CREDIT IS GROWING FOR PEOPLE WHO TAKE THE TIME TO LOOK For one thrilling moment, America believed in Santa Claus. The Senate voted to chop the top interest rate charged on credit-card balances to 14 percent annually, down from an average of 19 percent. If you carry $2,500 in debt, you’d save $125. But then, like the Grinch who stole Christmas, the House swept the package from under the…

Purchase Complete Article, of 910 words
Robert McKinley Reports, Analyzes, Writes, and Edits Content for the Following Online Publications or Services:

Bankcenter (payment-related news releases for executives & consumers)

CardBuzz (published payment-related news for executives & consumers)

CardFlash (payments news for executives)

CardData (quarterly payment data for executives)

CardTrak (payments news for consumers)

PYRPTS (global payment reports)

PYVNTS (global payment events)

The RAM Reports (annual payment reports for executives)

RAM Research (consulting, research, analysis)

Ruebud Media (network of payment-related services)

Robert McKinley (about)

Robert McKinley (biography)