User: flenvcenter Topic: Economics and Jobs-National
Category: Finance
Last updated: Sep 17 2017 05:52 IST RSS 2.0
 
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Why it’s so hard for Americans to save for retirement 17.9.2017 Washington Post
The father of the 401(k) laments the system he helped create, as too many people today are reaching retirement age with a paltry account balance that is unlikely to carry them through their later years.
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JPMorgan investing $40 million in Chicago neighborhoods 14.9.2017 Seattle Times: Business & Technology

CHICAGO (AP) — JPMorgan Chase & Co. says it plans to invest $40 million over three years in neighborhoods on Chicago’s South and West Sides to create economic opportunity. In a Thursday statement, bank officials say a lack of opportunity, poverty and racial and economic inequities are factors behind the gun violence in Chicago. CEO […]
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Equifax Critics Are Missing the Bigger Point 14.9.2017 Wall St. Journal: Opinion
Fair-lending laws turned consumers into anonymous credit scores—and a target for identity thieves.
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Investor sees methane management as self-help for oil and gas companies 13.9.2017 Main Feed - Environmental Defense
By Sean Wright Q&A with Tim Goodman, Hermes Investment Management When burned, natural gas produces half the carbon as coal, so it is often touted as a “bridge” fuel to a cleaner energy future. But the carbon advantage of natural gas may be lost if too much of it escapes across its value chain. Natural gas is mostly methane, which, unburned, is a highly potent greenhouse gas accounting for roughly a quarter of today’s global warming. Worldwide, oil and gas companies leak and vent an estimated $30 billion of methane each year into the atmosphere. EDF’s Sean Wright sat down with Tim Goodman, Director of Engagement at London-based Hermes Investment Management. Goodman, who views methane management as practical self-help for the industry to pursue, engages with oil and gas companies on strategies to manage their methane emissions. This is the first of a two-part conversation with Hermes, a global investment firm, whose stewardship service Hermes EOS, advises $330.4 billion in assets.  Wright: Do you think ...
A business tax system that's both fair and competitive? It's possible 13.9.2017 LA Times: Commentary

You can’t escape talk of tax reform. It remains the one demand that keeps the business community firmly engaged with President Trump. And in a crowded legislative calendar, it’s the one must-pass item that would constitute a really new policy initiative.

But we can’t afford the tax reform many...

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Welfare for Wall Street: Fees on Retirement Accounts 11.9.2017 Truthout.com
(Photo: malerapaso / iStock / Getty Images Plus) Most of us are willing to help out those who are less well off. Whether it comes from religious belief or a sense of basic decency we feel are an obligation to provide the basic necessities of life for the poor. But how would we feel about being taxed $1,000 a year to provide six figure salaries to people in the financial sector? Although no candidate to my knowledge has ever run on this platform, this is the nature of the retirement system the federal government has constructed for us. Twenty or 30 years ago, most middle-class workers had defined benefit pensions. This meant that they could count on a fixed benefit that was some fraction of their average salary during their working years. For example, a person who spent 30 years at a company may be entitled to a pension that was equal to 60 percent of their average salary over their final five years of work. With a defined benefit pension system, most of the risk was born by the employer. The worker did ...
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Greek PM: Creditor supervision of economy to end in 2018 10.9.2017 Washington Post: World
Prime Minister Alexis Tsipras says the Greek economy is turning around and will no longer be under the supervision of the country’s creditors in 2018.
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Here Are 4 Populist Tax Reforms Trump Could Adopt If He Really Cared About Working People 31.8.2017 Politics on HuffingtonPost.com
Lowering rates for the wealthy is not one of them.
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Sustainability finance lessons, from Adidas to Starbucks 30.8.2017 GreenBiz.com
Green bonds are just one creative approach retailers are taking to boost sustainability.
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'I believe in the Afghan people,' says top U.S. military commander in Afghanistan 27.8.2017 Washington Post: World
'I believe in the Afghan people,' says top U.S. military commander in Afghanistan
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Did Steve Mnuchin and Louise Linton really 'give more to the economy' than they took? The record says no 23.8.2017 LA Times: Commentary

Louise Linton, the actress-model-whatever wife of Treasury Secretary Steve Mnuchin, already has apologized for a certain nasty Instagram post aimed at a citizen who criticized her for bragging about her designer wardrobe during an official trip with her husband.

We’re not as interested in the controversy...

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What the record shows on whether Steve Mnuchin and Louise Linton really 'give more to the economy' than they took 23.8.2017 LA Times: Commentary
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California can prove a clean energy economy is a strong economy with SB 100 22.8.2017 Main Feed - Environmental Defense
By Lauren Navarro The California State Assembly faces an enormous opportunity when they come back from summer recess today: to drive the state towards 100 percent clean energy by 2045. It comes in the form of SB 100, a bill that would accelerate the state’s current Renewable Portfolio Standard (RPS) requirement from 50 percent to 60 percent by 2030 and set a statewide policy to get to 100 percent clean energy by 2045. In the wake of recent legislation to extend a cap and trade system for greenhouse gases, this effort will help us to reduce climate and air pollution from the electricity sector. California is already ahead of schedule in reaching its goal of 50 percent renewables by 2030. In fact, according to the California Public Utilities Commission , utilities are already on contract for an average of 43 percent renewable energy by 2020 – a huge accomplishment worthy of applause. The difficulty is that once these targets are met, we anticipate clean energy development and installation will slow, ...
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Will tech companies bow to S&P's new Snap-inspired rules? Probably not 21.8.2017 LA Times: Commentary

When the company that produces the S&P 500 announced this month that it would exclude the corporate parent of Snapchat from its benchmark stock market index, the move was cheered by advocates of better corporate governance.

It was seen as an overdue response to a disturbing trend, particularly...

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Big money troubles for retirees in tiny Northern California town that pulled out of CalPERS 8.8.2017 LA Times: Commentary
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My 401(k) is making only 2-3%, so why not borrow from it and pay it back at 5%? 6.8.2017 LA Times: Business

Dear Liz: You have warned in the past about the risks of a 401(k) loan. I have been investing now for 15 years, and the last 14 years, my average return has been between 2% and 3%. I am considered moderately aggressive in my choices of international (24%), large and small cap (52%), midcap (16%)...

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This tiny Sierra Valley town voted to pull out of CalPERS. Now city retirees are seeing their pensions slashed 6.8.2017 LA Times: Commentary
CalPERS cut the pensions of the only four city retirees in the tiny town of Loyalton by 60% after the city failed to pay a $1.7 million bill. The city struggles to make up the difference
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Why it's smart to invest in female-led companies 4.8.2017 LA Times: Commentary

In recent years, some financial services companies have been adding investment products that place bets on female-led firms, investing in companies that have either women as chief executives or diverse boards of directors. New research from Scandinavia’s largest bank shows why the wager might be...

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Could the U.S. benefit from a national green bank? 27.7.2017 Business Operations | GreenBiz.com
Third time's the charm for the Green Bank Act of 2017.
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Foxconn plans to build factory in Wisconsin, adding 3,000 jobs 27.7.2017 Seattle Times: Business & Technology

The new Foxconn factory could raise Wisconsin’s profile in advanced manufacturing. It could also bring significant political benefits — for the company and for the White House.
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