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As a rule of thumb, the worst possible time to convert lump sum savings into a fixed income annuity would be when interest rates are historically low.
Although products may vary, this…
Multitasking with Media Devices Linked to Brain Changes
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An increasing feature of modern life is the miscellany of cellphones, laptops, tablets and other media devices that connect us to information and each other. Excessive media-…
World Bank Chief Surprises With Gold Standard Idea
Leading economies should consider adopting a modified global gold standard to guide currency rates, World Bank president Robert Zoellick said on Monday in a surprise proposal before a potentially a…
In from the Solari Network
This came in from the Solari network today. It turns out that the common folk do indeed understand mortgage backed securities!
Forrest Gump Explains Mortgage Backed Securities:
“Mortgage backed Se…
Amazon Taps Post Office For Sunday Deliveries; A Win-Win?
Photo Credit: Paul Sakuma/AP
By Mark Memmott
Much of the talk in recent years about how the U.S. Postal Service could stem has been about the things it might stop doing — most notably, delivering…
CBO Director on the Federal Budget
Under current law, the federal budget is on an unsustainable path, because federal debt will continue to grow much faster than the economy over the long run. Although great uncertainty surrounds long-…
