Despite being considered the financial centre of the world, it’s still very possible for the United States to learn from other countries. See the infographic below; it presents a brief history of retirement plans in the U.S. including state and local government pensions and Social Security. Now let’s put things in perspective: Countries with strongest pension programs (based on 2013 pensions, both public and private) rank the U.S.… [Read more]
Here we present discussions of private or public funds, their management, and the financial system that serves them. And, as with mostother topics, we want to know the impact of politics across state and global markets.
When Americans all across the country rang in the New Year, many breathed a sigh of relief for more than a few reasons. First of all, taxpayers no longer have to wait for Congress to finish constituting the tax laws that impact their 2013 returns and, secondly, the American Taxpayer Relief Act — which went into effect last spring — will extend many advantageous provisions for recently filed returns.… [Read more]
Despite the many benefits that they pose to those who use them, payday loans have been outlawed in fifteen states – Arizona, Arkansas, California, Connecticut, Georgia, Maryland, Massachusetts, Montana, New Hampshire, New Jersey, New York, Ohio, Pennsylvania and West Virginia – as well as in the District of Columbia. New York in particular expressly prohibits making such loans over the Internet as well as in person.… [Read more]
U.S. bank regulators have come up with some modified rules for the least possible holding company debt requirements. By the first week of July this year, the U.S. regulators disclosed the new set of rules which are supposed to limit the leverage that banks can engage in business. As per the economists, these new rules may have significant impact on the business decisions of eight of the most important financial institutions in U.S.… [Read more]
The best jobs are rewarding, fulfilling and have room to grow. The Bureau of Labor Statistics (BLS) gives growth estimates for the 2010 – 2020 period for several occupations. The average growth rate predicted was around 14 percent, but some of the best jobs may experience 25 percent growth and more. If you’re looking for a new career path, these jobs show the most growth potential.… [Read more]
It’s depressing to read that in 2013, women continue to be paid less for men for the same work. Weekly paychecks for full-time female workers are 82.4 percent of men’s earnings, according to the Bureau of Labor Statistics.
Pay inequality is lessening at the younger end of the age spectrum, thanks to the increased efforts of high-achieving women in high school and college.… [Read more]
With the rollout — and consequential fallout — of Obamacare, the real importance of healthcare reform had been temporarily swept aside to clear the stage for politics. While the dust settles on the budget battleground, we are revisiting the initial reasons behind the reform. As the average age and weight of the people in the United States increases, health issues become more pressing.… [Read more]
It was a good day when Larry Summers, former Secretary of the Treasury and economic advisor to President Obama withdrew his name for consideration as new the Chairman of the Federal Reserve. It’s an even better day now that Janet Yellen has been nominated for the position. If confirmed, Ms. Yellen will make history as the first female chair of the Federal Reserve, the nation’s central banking system.… [Read more]
Small businesses help fuel the nation’s economic growth. Small business owners are already busy juggling plenty of challenges. Between tasks such as managing employees, keeping tabs on the industry, and striking a balance between operating expenses and turning a profit, small business owners have their work cut out for them. The last thing any small business owner needs is to heap on an unnecessary burden – such as excessive paperwork.… [Read more]
Politics has its hands in everything. It even affects college and who attends and who doesn’t. Schools are inherently biased about who they will and will not accept as admissions is a selectivity game. As a result, prospective college students often feel as though they must throw everything noteworthy about themselves in their applications and, still, there is a possibility that they won’t be admitted to their higher education institution of choice.… [Read more]
We Americans do not have the world’s “best” health care, just the most expensive.
Health Care reform must consider skyrocketing costs if any progress is made. We walk a tightrope between cost and quality.
When I slung gin over the bar, one learnt rather quickly from frazzled nurses that “M.D.” too often stood for “Me, Doctor!” The human body is a complex beastie, but we need choices other than which expired medico to raise from the dead, Dr.… [Read more]
Banks behaving badly (now referred to as BBB) should be the title of an on-going saga with the nation’s largest financial institutions. It’s also the reason why harsh penalties and strict regulations are needed to keep Wall Street from running amok.
In the latest episode of ‘BBB’, J.P. Morgan Chase, the nation’s largest bank based on its asset size, is back in the news again. … [Read more]
“How about a ‘grand bargain’ for middle-class jobs?” Indeed, that is the question. While Congress spends its time on the time-wasting activity of yet another ‘down with Obamacare‘ vote (does this latest vote make 40 attempts to snatch healthcare coverage from the country’s previously uninsured citizens?), President Obama spoke at a another stop on his ‘state of the economy’ road trip.… [Read more]
Yesterday, the Federal Energy Regulatory Commission (FERC) — the independent agency responsible for assisting consumers in “obtaining reliable, efficient and sustainable energy services at a reasonable cost through appropriate regulatory and market means” — released a notice on the allegations against a J.P. Morgan Chase affiliate. JPMC has been accused by federal energy regulators, after a investigation that began approximately one year ago, of using ”eight manipulative bidding strategies” to garner what the regulators deem to be “excessive payments” from electricity markets.… [Read more]
Since the City of Detroit made history by declaring the largest municipal bankruptcy in the nation’s history, there has been much talk about credit ratings, debt burdens and the legalities of bankruptcy, which allows those who declare it to take time to restructure their financial obligations and, often, to repay less than what was previously owed.… [Read more]
H.R. 1105, the Small Business Capital Access and Job Preservation Act, was introduced by Congressman Robert Hurt (R-Virginia). The purpose of the Act is to exempt advisers to certain private equity funds from the new registration requirements required by Title IV of the Dodd-Frank Act, the Wall Street reform act that is supposed to regulate the practices of Wall Street to prevent another financial crisis. … [Read more]
Fifty years ago, President John F. Kennedy signed the Equal Pay Act of 1963 as part of his New Frontier program. The federal law amended the Fair Labor Standards Act that was directed at abolishing wage disparity based on gender.
Today, 50 years to the day, President Obama marked the anniversary of the Equal Pay Act.… [Read more]
Congressional Republicans are trying to keep alleged White House “scandals” simmering well past al dente doneness. As facts unfold, it’s more like vainly trying to keep a wave upon the sandy beach.
Let’s remember last year’s GOP presidential primaries. Texas Gov. Rick Perry (R) made a seemingly intoxicated tirade about a tax return the size of a postcard.… [Read more]