Word: stockely
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About two-thirds of American workers now believe they'll have to delay their retirement by at least one year, with 27% expecting to work at least five years longer than planned because of the debilitating economy and stock-market losses, according to a new survey. (See "The Future of Work: The End of Cubicles...
Although the stock market has rallied since March, that doesn't appear to have restored confidence among workers. "It was such a dramatic drop-off in March that even the recovery in the market since then has not fully made up for the losses people have taken in their retirement plans," Thompson says. Also, home values and unemployment have continued to worsen, he notes...
Many people banked on their portfolios to generate annualized returns of 8% to 10% a year, and much of that was wiped out during the stock-market correction of the past two years, says Corbin. Also, many are concerned about cuts to Medicare, Medicaid and Social Security benefits and the solvency of financial institutions such as banks, insurance companies and brokerage firms. "All of that thrown into a pot gives a tremendous amount of uncertainty to older people," he says...
...She’s a highly competent, highly numerate, extremely skilled individual who has both good budgetary sense and good political judgement,” said Economics Professor James H. Stock, who serves on the Governor’s Council of Economic Advisors and worked with Kirwan in quantitative modeling and forecasting of revenues...
...successfully prosecute a person who receives insider information and then trades on it (such as a hedge-fund manager), the government must show that the person knew the information came from a breach of duty. In the case of Rajaratnam's alleged Google stock tip, he didn't talk to the source of the information directly but rather to a middleman informant. That middleman purportedly told Rajaratnam who the tipster was - thus revealing the breach of duty. For that particular charge, that communication is key. (See pictures of crime in Middle America...