‘Nasty Surprises’ in Store for Economy: AEI’s Makin
It's time to end discussions about an eventual rate hike and consider actions such as expanding the central bank’s balance sheet, AEI's Makin argues.
Grandparents Give More Than $1,600 a Year to Support Grandkids: MetLife
Nearly two-thirds of grandparents have financially supported their grandchildren in the past five years, a report released in September from the MetLife Mature Market Institute found.
Froehlich Sees Europe, China Shaking Up Economy—In a Good Way: ASPPA Summit
Bob Froehlich, executive vice president and chief investment strategist for The Hartford, sees Europe avoiding recession and China resolving its food inflation issues, he said at the 2012 ASPPA 401(k) Summit on Monday.
Social Security’s 3.6% Benefit Increase Scorned as Not Enough
For the first time since 2009, the U.S. government said Wednesday that it will raise Social Security benefits with a cost-of-living adjustment, up 3.6%, and the announcement was followed by praise—and criticism.
China Inflation Rate Is Fastest in Three Years
China's inflation rate for July hit 6.5%, its highest in three years, despite Beijing's best efforts to control it through required reserves for its banks and increased interest rates—five just since October.