Word: banking
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...bank that never sleeps is holding an all-night sale...
Citigroup, in an effort to improve its bottom line and repay the government, has put a "For Sale" sign on numerous pieces of its business, downsizing what once was the nation's largest bank. Citi's executives are taking a decidedly different tack in trying to rescue their firm than their competitors, and some analysts question whether the downsizing alone will be enough to turn around the bank...
...peeked at your account statements in the past year, it's painfully obvious that something is wrong with the way we save. The tax-deferred 401(k) plan, and others like it, such as the 403(b) and the IRA, have become our nation's go-to retirement piggy bank. Invented nearly 30 years ago as an executive perk - one more way to dodge Uncle Sam - the 401(k) was never meant to replace the employer-guaranteed pension fund, supplemented by Social Security, as the cornerstone of our nation's retirement system. But propelled by a combination of companies looking...
...minor task at most companies - it's automatic, making it an easy, thought-free way to save. Indeed, Americans have more saved specifically for retirement than ever before. But the past year has shown that even with our added savings, we are at much greater risk today of our bank accounts running empty than when employer-guaranteed pensions were the norm. By Munnell's calculations, 44% of all Americans are in danger of going broke in their postwork years...
...Beer is a potent symbol of the emerging Palestinian state and its tiny Christian minority - which is less than 2% of the population. The brewery turns a tidy profit, produces 600,000 litres a year and is brewed under license in Germany. Half the sales are within the West Bank, 40% go to Israel, and the rest are exports to Japan. Taybeh even had a nearby rabbi certify its product as kosher. Last year the brewery introduced a zero-alcohol brew for Muslims. Taybeh billboards with the slogan "Drink Palestinian - Taste the Revolution" tower over the main street of Ramallah...