Social Security’s Old Forecasting Method Hides New Time Bomb, Researchers Say
Two researchers argue that the Social Security Administration is using outdated methods to project longevity and therefore understates the system’s shortfall by two years.
How to Help Clients Avoid Holiday Financial Faux Pas
Ally Bank is here to get your clients through the holidays, with the help of ethicist and humorist Randy Cohen.
3 Problems With Buffett’s Higher-Tax Arguments
Buffett is part of a misinformed constituency that believes high-income earners aren’t paying enough taxes.
3 Scenarios for Bonds if Bernanke Leaves: Pioneer’s Wardwell
If Bernanke leaves the Fed, would rates rise? Pioneer's Sam Wardwell explores the implications for fixed-income investors and advisors.
BP to Pay $4.5 Billion in Gulf Spill; SEC Levies Huge Penalty
British oil company BP agreed Thursday to pay $4.5 billion to the U.S. in fines and other charges, including $525 million to the SEC–the third largest penalty ever assessed by the SEC–over the oil spill in the Gulf of Mexico.
Jack Welch Slams Critics, Defends Twitter Comments About Jobs Numbers
The management guru and former General Electric CEO responded Wednesday to the firestorm of criticism created by his tweet in response to employment figures.
400 Economists Endorse Romney
A former conservative official has rallied 400 economists, including five Nobel Prize winners, to sign a statement supporting Republican presidential hopeful Mitt Romney’s economic policies.
Forecasting election outcomes has taken on some of the trappings of a science in recent years.
Good for Consumers, Bad for the Markets
How will consumers react when merchants can offer discounts to customers paying with cash, and impose fees on those paying with credit?
Is Lying and Cheating Key to Success? Many Financial Professionals Say Yes
The law firm Labaton Sucharow releases the troubling results of a survey of 500 American and British financial services professionals on corporate ethics.