Treasuries fell for a fourth straight month, the longest losing streak in more than two years, as signs of a mending economy supported the case for the Federal Reserve to moderate monetary stimulus. Treasuries Drop
During the bailouts, some poorly performing CEOs cut their salaries back to a dollar when they took the peoples’ money from the government. But many did not. Almost all of them were men. Dodd Frank asks for transparency in the spread between CEOs pay and that of the company’s employees. Shocking Executive Pay for Mostly Men
Women are Pink
Two years ago, I had a string of bad luck. First, I needed an operation to remove a small tumor. Then, my beloved Subaru Outback (with more than 120,000 miles) needed major repairs. And, most sadly, my colicky 13-year-old horse was rushed to surgery. She didn’t survive….
Emergency Funds: Women vs. Men
In that study, only 43% of women overall reported having an emergency fund, compared with 63% of men. The gap was even wider between women and men age 55 to 64. Just 58% of women in that age group had an emergency fund, while 82% of men did.
I find this all pretty disturbing. Emergency savings are especially critical in your 50s or 60s, when life can really throw you a curveball, from losing a job to unforeseen home repairs.
Women Need To Get Serious About Emergency Savings
David Isenberg has written a fascinating book on entrepreneurs. Interestingly, he does not limit an entrepreneur to the innovation of an idea, but rather to the discovery of some unexplored niche that might satisfy human needs and desires. He also shows us why the entrepreneurial temperament is necessary for startups. We will synopsize the book in four articles over the next week. But ii is a great read if you have the time. Entrepreneurs
The global economy could be in the early stages of another crisis. Once again, the US Federal Reserve is in the eye of the storm.
As the Fed attempts to exit from so-called quantitative easing (QE) – its unprecedented policy of massive purchases of long-term assets – many high-flying emerging economies suddenly find themselves in a vise. Currency and stock markets in India and Indonesia are plunging, with collateral damage evident in Brazil, South Africa, and Turkey.
The Fed insists that it is blameless – the same absurd position that it took in the aftermath of the Great Crisis of 2008-2009, when it maintained that its excessive monetary accommodation had nothing to do with the property and credit bubbles that nearly pushed the world into the abyss. It remains steeped in denial: Were it not for the interest-rate suppression that QE has imposed on developed countries since 2009, the search for yield would not have flooded emerging economies with short-term “hot” money…
The Global QE Exit Crisis
Federal Reserve Is In The Eye Of The Storm
HK$1.39B IN CRIMINAL PROCEEDS FROZEN
According to the Hong Kong Department of Justice “Prosecutions Hong Kong 2012” report, there is little dispute that one of the most effective ways to curb the expansion of criminal enterprises and terrorist financing operations is to deprive criminals of their illicit profits. These profits are the financial lifeblood that sustains their crimes.
As a major international financial centre alongside London, New York and Tokyo, Hong Kong has a free economy which allows the smooth, speedy transfer of funds within a safe, comprehensive financial and legal framework. Commercial enterprises setting up business in Hong Kong can benefit from the simple tax system, low tax rates, reliable legal system and unlimited business potential provided by the second largest economy in the world.
One undesirable yet unavoidable concomitant reality is that money laundering activities can never be utterly eradicated in a free economy of this scale. The question of whether money laundering activity is rampant in Hong Kong should be viewed with this backdrop in mind.
Last year the city froze HK$1.39 billion in crime proceeds under court orders – the largest in three years – with the government confiscating HK$50 million, the Department of Justice said…HK_DOJ_2012_Articles_19.8.13
Jobs is notorious for his gruff style, but he made Apple into a fantastically successful company. It was no accident. Adam Toren suggests four reasons why: His vision helped individual creativity. He didn’t hire dumb people. He brought an artist’s philosophy to technology. He snubbed the status quo. Try it. You might succeed beyond your wildest dreams. Jobs the Movie
GENDER issues are topical and trending and the women folks are raising the bar with campaigns and greater participation in knowledge-based skills that equip them to take on the challenge. But the Association of Chartered Certified Accountants (ACCA), a global finance and accounting body, said that its diversity concept, which is intrinsic in all its operations, is a tool to overcoming the challenge….
Raising the profile of women’s participation in finance
Women in the Middle East want to start up businesses three times more frequently than men in the region do. What stops them? The challenges of the surrounding environment. Think Egypt! An excellent analysis. Why it’s not as bad as it seems for women entrepreneurs
What does this mean for individuals, for the state, for companies, large and small. Will the trend continue? We are only beginning to look at the impact of reduced budgets on citizens’ lives across the world. Part Time Employment on the Rise
