Jeremy Grantham: Not as Much Stock Doom With GDP Gloom
In his quarterly letter, GMO’s chief market pessimist Jeremy Grantham reviews new data related to “likely lower GDP growth”—and presents a positive outlook.
10 Worst Districts for Women’s Pay Revealed; Senators Push Paycheck Fairness Act
Senate democrats gathered on Capitol Hill Wednesday to push for passage of the Paycheck Fairness Act, legislation that would help close the pay gap between women and men working equivalent jobs.
Insurance Trounces Retirement in Small-Business Benefit Offerings
A little over half of small businesses offer insurance or retirement benefits to their employees, according to research released Monday by LIMRA.
401(k)s Have $70 Billion Problem: Report
A new report that found in 2010, loans, early withdrawals and penalties all added up to $70 billion taken from 401(k)s prior to retirement age.
Wealthy French, Average Americans, Continue to Flee High Taxes
While France’s most famous actor, Gerard Depardieu, is the latest person to flee the country because of a wealth tax set for 2013, new data from the U.S. Census Bureau suggests that ordinary Americans with average incomes continue to flee high-tax states.
Jeremy Grantham: Growth as We Knew It ‘Gone Forever’
Grantham, the doomsaying hedge fund manager, says data make clear we’re in a new era of 1% growth; echoing Research Affiliates’ Christopher Brightman’s observations.
It’s Still the Economy, Stupid: TD Ameritrade Poll Ahead of Election
Retail investors named three issues as weighing heaviest on their confidence in the stock market, according to TD Ameritrade's Investor Sentiment Poll.
In Muni Sector, High-Yield Bonds Are Cooling, but State Bonds Are Hot
Municipal bonds tied to the tobacco settlement have been hot lately, returning over 19% so far this year, but that doesn’t mean investors should inhale, says an S&P analyst.
Strong Equities Drive Pension Funded Status Increase in June
Pension funded status rose nearly two percentage points to 71.6% in June after falling dramatically in April and May, BNY Mellon reported on Thursday.
Public Pension Earnings ‘Largest on Record’ in Q1
According to the Census Bureau, the first quarter of 2012 brought U.S. public pensions their largest investment earnings on record, dating to 1974.