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The most salient issues worrying investors now are the fiscal cliff and Greece. Which should they be more concerned about?
The 68-year-old CEO of insurer AIG, Robert Benmosche, says people are living too long to retire when they are in their 50s and 60s.
As we watch Greece implode over reforms that call for shrinking pensions and a reduction in the minimum wage, I noticed this particularly frightening, close-to-home statistic, published by the Center for Retirement Research at Boston College: “According to the U.S. Bureau of Labor Statistics, nearly one-third of men between the ages of 55 and 61
Bad news: The Labor Department says the economy added only 80,000 jobs in October. That’s short of the 95,000 jobs that economists had expected. Good news: The unemployment rate dipped to 9 percent after it had been stuck at 9.1 percent since April. And the August and September job figures were revised to show 102,000
In what is becoming almost a common occurrence, the European Union, or EU – led by France and Germany – held an emergency meeting this weekend to address the weak financial situation of the European banks. Markets are responding positively, with European and U.S. stock markets up more than 2 percent Monday. But is this an overly optimistic reaction
Though the second Greek bailout program engineered by the European Union and the International Monetary Fund is ongoing, an increasing number of reports point to the possible eventuality of a default. Today, Friday, Germany’s finance minister said the second bailout package may need to be re-evaluated as debt inspectors found that the country is behind
Just when we thought we’d seen enough of an upward trend to breathe easier, a freefall in the stock market leaves us gasping. The big question: What do we do now?
