Economy & Markets

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Two Senators Say No Vote On Tax-Cuts Before Elections

The U.S. Senate won't pass an extension of the Bush-era tax cuts before the November 2 elections, second-ranking Democrat Dick Durbin said today.

Weighing In On The Cinematic Wall Street

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Advisors reveal how they were impacted by the first "Wall Street" movie and protagonist Gordon Gekko's maxim: "Greed is good."

Bill Gates Tops Forbes' Richest Americans List

Bill Gates remains the richest American with estimated assets of $54 billion, according to Forbes magazine's annual ranking of the 400 wealthiest Americans.

Dementia Costs To Balloon

by Bloomberg News

Financial advisors are familiar with what Alzheimer's disease can cost their clients. An advocacy group now projects that dementias will cost 1% of global GDP this year.

Worst U.S. Recession Since 1930s Ended In June 2009

The longest and deepest U.S. recession since the Great Depression ended in June 2009, lasting 18 months, the National Bureau of Economic Research said.

'Thank God' Bailouts Came Before Handouts

by Bloomberg News

The billionaire vice chairman of Berkshire Hathaway Inc. defended the U.S. financial-company rescues of 2008 and told students that people in economic distress should "suck it in and cope."

U.S. Poverty Rate Rose To 15-Year High in 2009

The U.S. poverty rate rose to the highest level in 15 years in 2009, government data show, underscoring the toll the recession took on household incomes.

Pimco's $8.1 Billion Wager Against Deflation

Bill Gross's Pacific Investment Management Co. made an $8.1 billion wager that the U.S. won't suffer a decade of deflation like the one that crippled Japan starting in the 1990s.

Affording Retirement Becoming Bigger Political Issue

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Voters are becoming more frustrated about being able to afford retirement, and politicians who respond to that frustration will have an advantage, says a new survey.

'Death Spiral' Besets State Pensions

U.S. state pensions have insufficient assets to cover benefits, payouts consuming a growing portion of resources and costs rising twice as fast as investment gains.

Arnott: Double-Dip Odds 50% Plus, Beware Reflation

Despite a series of economic reports pointing to a continuing anemic recovery, Research Affiliates founder Rob Arnott believes the odds of a double-dip recession remain above 50%.

New Portfolio Shaped By Vision Of Upheaval

Twin Focus Capital Partners is turning a vision of fundamental economic upheaval into an investment vehicle.

Yale's Fair: Republicans To Win-Narrowly

Democrats may lose control of the U.S. House of Representatives in the November elections after contests that will be closer than polls suggest, according to Yale University economist Ray Fair.

Broken Plans

by Andrew Gluck

Financial advisors urgently need improved tools for coping with the economic mess we're in. What's to be done?

Study: Boomer Retirement Plans Hold Steady

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Baby boomers have remained steadfast in their retirement planning despite the nation's economic troubles, according to a new survey.

U.S. Life Insurance Ownership At 50-Year Low

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The poor economy has led Americans to cut corners on their life insurance-at levels not seen in half a century, according to a new study.

Boots On The Ground Report From Cape Cod

by Charlie Stroller

Things are kind of quiet here on Cape Cod in contrast to the traffic and lines from years past.

Ready For Reckoning

It is an unfortunate fact that we live in a world of imbalances. Three years ago, the global economy was dependent on American consumers shopping until they dropped, which they finally have...

ETFs That Short Treasurys Suffer Big Losses

Betting against Treasury bonds was supposed to be the no-brainer strategy for 2010. Instead, shorting government debt has brought steep losses so far this year.

Genders Diverge On Employee Loyalty

Men and women appear to have different values when it comes to the loyalty they show to their employers, according to a new  survey.

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