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News & Updates

July 2, 2014 US Pension Fund Fitness Tracker: Still No Improvement in Funding Ratio in Second Quarter of 2014

Fort Mill Times - In US dollar (USD) terms, the Euro îStoxxî Total Return Index was up 2.36% over the quarter. The MSCI Emerging Markets Total Return Index ended the quarter up 6.71% in USD terms. Continuing its...

July 2, 2014 Water Crisis in Detroit: Who’s Being Shut Off and Who’s Not?

Source: Nonprofit Quarterly

Indebtedness isn’t always treated equally in our society. Some people get dunned incessantly by debt collectors while others seem to be able to run up thousands or even millions in debt but are given the latitude to extend their...

July 2, 2014 Wealth gap solutions put Californians at odds

Source: SF Gate

California residents don't need to be convinced there's a worrisome income gap between the rich and poor that's getting wider, but there's plenty of argument about whether the government should get involved in trying to close the...

July 2, 2014 Jamie Dimon Diagnosed With Throat Cancer: What He Can Expect

Source: Forbes

Jamie Dimon, CEO of JP Morgan Chase, explained in an internal letter to staff and shareholders on July 1 that he was recently diagnosed with throat cancer and will soon begin receiving treatment at Memorial Sloan Kettering Cancer...

July 2, 2014 Dollar About 0.2% From Six-Week Low Before Yellen; Aussie Falls

Source: Bloomberg/BusinessWeek

The dollar was about 0.2 percent from a six-week low versus the euro before Federal Reserve Chair Janet Yellen speaks today, while Australia’s currency tumbled after the trade deficit widened more than economists forecast

July 2, 2014 Wall St. Rallies, With Dow and S.&P. 500 Closing at New Highs

Source: NY Times

The stock market rallied on Tuesday at the start of the third quarter, with the Dow Jones industrial average approaching the 17,000 milestone and the Standard & Poor’s 500-stock index reaching yet another record. Investors were...

July 1, 2014 More Secure Credit Cards With Chips Coming To The U.S.

Source: Forbes

By the end of 2015, 70 percent of U.S. credit cards and 41 percent of U.S. debit cards will have security chips — called EMV for Europay, MasterCard, Visa — according to the Aité Group.

July 1, 2014 Investors Get "Say on Pay": What Will They Do With It'

CBS News - Nell Minow, dubbed "queen of good corporate governance" by BusinessWeek, is a member of the board of GovernanceMetrics International (formerly îThe Corporate Libraryî, which she co-founded). Nell Minow, a...

July 1, 2014 France’s BNP Paribas to pay $8.9 billion to U.S. for sanctions violations

Source: Washington Post

France’s BNP Paribas on Monday pleaded guilty to concealing billions of dollars in transactions for clients in Sudan, Iran and Cuba in violation of U.S. sanctions and agreed to pay $8.9 billion in fines, according to the Justice...

July 1, 2014 Insurer Warns Some Pooled Pensions Are Beyond Recovery

Source: NY Times

More than a million people risk losing their federally insured pensions in just a few years despite recent stock market gains and a strengthening economy, a new government study said on Monday. The people at risk have earned...

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