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The New York Times explores obsessions with net worth.

PIMCO’s CEO says the world is driving on its last spare tire.

Liz Weston writes on avoiding airline baggage fees.

Prime Time Money writes about when you need a certified financial planner.

Suburban Dollar completes a two-part post on selling a car yourself.

Investing Blog writes: “Make Dividends Your Stock’s Stop Loss.”

20somethingfinance highlights Mark Cuban’s observations that the market is no longer a place where amateur investors can prosper.

Former Portlander Bill Winterberg debuts as MorningstarAdvisor’s new tech columnist. Conrgrats!

The slide in car finance declined during April as more mature buyers returned to car showrooms, despite the support, business applications continued to fall, after undergoing a spending spree at the end of last year.

Business credit inquiries dropped by 10 per cent, driving over all demand down by 4 per cent, compared with the same month in the previous year, the fourth consecutive monthly fall.

However private buyers, and in particular retirees returned to the market, helping to make up the difference according to new data released by Veda Auto Show

“Australians aged 65 and over are much more likely to purchase a car than the same time last year, with 11 per cent more credit applications in April,” said David Scognamiglio, the head of Veda Auto.

The decline during April was by far the smallest so far this year.

“This is a reasonable sign of recovery for personal automotive sales given that government incentives led demand in this sector 12 months ago,” Mr Scognamiglio said.
Despite demand rebounding amongst reitrees, younger buyers continue to form the core demand in the market.

“The 25 to 44 year-old demographic remains the most likely to purchase a car in the next six months, with 55 per cent of inquiries coming from this age group,” Mr Scognamiglio said.

FREMONT, Mich., May 12 /PRNewswire-FirstCall/ — Fremont Michigan InsuraCorp, Inc. (OTC Bulletin Board: FMMH), a Michigan-exclusive property and casualty insurance company, and Northern Mutual Insurance Company, a Michigan mutual insurer (“Northern”), announced a Letter of Intent regarding a proposed strategic alliance of the two insurers.  

Under the terms of the Letter of Intent, Northern intends to pursue a demutualization with the goal of converting to a stock insurer.  The terms of the proposed alliance are subject to Northern and Fremont entering into a mutually acceptable definitive agreement of the terms, including the consideration to be paid.  

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TORONTO, May 9, 2010 /PRNewswire-FirstCall/ – Sino-Forest Corporation (“Sino-Forest”) (TSX: TRE), a leading commercial forest plantation operator in China, is pleased to announce that Sino-Capital Global Inc. (“Sino-Capital”), a wholly-owned subsidiary of Sino-Forest, has today entered into an agreement to acquire 2,322,094,900 ordinary shares (the “Sale Shares”) in Greenheart Resources Holdings Limited (“Greenheart”), representing approximately 30.3% of the issued share capital of Greenheart, subject to the conditions and adjustment as described below.

Mr.

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