Capitol Book Club, With a Congressional Bonus
WASHINGTON - It's the first Tuesday of the month, and the book club is in session. Between bites of their lunch buffet, two dozen members leaf through classics, best sellers and the latest nonfiction. Unlike a local library’s book club, this event doubles as a Republlican fund-raiser.
Bad Stock-Market Timing Fueled Wealth Disparity
Millions of Americans inadvertently made a classic investment mistake that contributed to today's widening economic inequality: They bought high and sold low. Late in the stock-market booms of the 1990s and 2000s, more U.S. families clambered into stocks as indexes surged. Then, once markets tumbled, many households sold and took...
Fed's Dudley: Bad Bank Behavior Might Mean Breaking Up Big Banks
Federal Reserve Bank of New York President William Dudley said the government will have to consider breaking up large financial institutions if Wall Street doesn't stop excessive risk-taking and breaking the law.
Before the Advice, Check Out the Adviser
When Elaine and Merlin Toffel, a retired couple in their 70s, needed help with their investments, they went to their local U.S. Bank branch. The tellers knew them by their first names. They were comfortable there. So when a teller suggested that they meet with the bank's investment brokers, the...
SEC Opens Window for Insider Sales
When the S.E.C. talks, company executives tend to listen. But when these private regulatory discussions involve a company's accounting practices, something else tends to happen: Many executives rush to dump their shares. And because these sales occur before other investors know that the S.E.C. is poking around, the activity raises...
Bill Gross and the Depression Denial Syndrome
Last week, Bill Gross, the so-called bond king, abruptly left Pimco, the investment firm he had managed for decades. People who follow the financial industry were shocked but not exactly surprised; tales of internal troubles at Pimco had been all over the papers. But why should you care?
5 Reasons New Houses Are Still Getting Bigger
According to data from both the NAHB and Trulia, Americans usually want bigger houses-17% more space than they have. "As incomes go up, people are able to consume more housing, more entertainment, more tech and everything else," according to Jed Kolko, Trulia's chief economist.
Buoyant Dollar Underlines Resurgence in U.S. Economy
President Obama's handling of the economy may be reviled by his political opponents, but he is receiving support from a surprising quarter: foreign exchange traders.
Social Security Focus: Funding, Benefits and Remarriage
Here are a triumvirate of stories on Social Security: One on what threatens its financing, one that compares its benefits to other retirement plans and one that looks at what could limit its benefits.
Will Portland Always Be a Retirement Community for the Young?
Like many residents of Northwest Portland, Matthew Hale doesn't own a car. Instead, he prefers to walk or ride the bus to the city's innumerable coffee shops and breweries and live-music spots. On weekends, he and his wife have no problem hitching rides to the Pacific Coast or the Cascade...