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According to a new survey by an Australian newspaper, the recession has given rise to a new breed of people, called “potentialists”, who love to live life to the fullest and still want to continue with a lavish lifestyle, but one defined on their own terms. Social researcher Mark McCrindle commented on the results of his study; “People weren’t saying ‘gee it’s harder to get the dollars, I’m really going to have to work harder for the money and do longer hours to get it’. Actually, it’s the reverse.

As part of its Bearing Witness 2.0 project, the Huffington Post is rounding up a few of the best local stories of the day. Representatives of the Federal Reserve joined activists, civic leaders and struggling homeowners in a tour of Brockton, Mass. on Sunday to get a sense of how the foreclosure crisis is affecting communities

Lobbyists this year terminated their registrations with the federal government in unusually high numbers, according to a study by the Center for Responsive Politics and OMB Watch. The study found that 1,418 lobbyists de-registered during the second quarter of 2009 — a sharp increase from 2008 and the first quarter of 2009. The jump in de-registrations is a part of a larger trend since the beginning of 2008 when the number of lobbyists filing termination reports began outpacing the number of new registrations.


 
 After recruiting some 500 reps so far this year, Ameriprise Financial Inc. is gutting and rebuilding its recruiting staff as part of an effort to bring in more independent reps.


 
 Morningstar.com is the website used most frequently by financial advisers, according to a survey by asset management consultancy kasina LLC. Nine percent of the 548 advisers surveyed selected the Morningstar Inc.


 
 On the day before it is set to roll out its first set of exchange-traded funds, The Charles Schwab Corp. announced a bold move today: the funds will be made available commission-free for clients with Schwab accounts.