Mar 24 Using economic magic to pull retirement money out of a hat By Laurence Kotlikoff Larry Kotlikoff demonstrates how to increase your standard of living for retirement -- in this case, by 15 percent -- by correctly timing your Social Security, 401(k) and Roth IRA withdrawals. Continue reading
Mar 21 Bitcoin exchange Mt. Gox finds $119 million in missing bitcoins By Justin Scuiletti Bitcoin exchange Mt. Gox, which filed for bankruptcy in February after losing 744,408 bitcoins belonging to customers in addition to 100,000 it owned, reports it has found nearly a quarter of its lost cache in a forgotten online wallet. Continue reading
Mar 21 Former IMF chief economist Simon Johnson on why loans won’t help Ukraine By Simon Johnson Simon Johnson doesn't think Ukraine's problems can be solved with more money, and he doesn't want to see IMF reforms tied so closely to Ukraine's aid package. Continue reading
Mar 20 Fed says biggest banks could withstand severe economic downturn By Simone Pathe On the first of two report card days for big banks in America, all but one bank received a passing grade from the Federal Reserve. The central bank released the results of its “stress test” of 30 bank-holding companies with… Continue reading
Mar 20 Can you really live better longer without long-term care insurance? By Lewis Mandell Not all readers bought Lew Mandell's skepticism of long-term care insurance. Is it not a smart investment for Americans who can't afford to self-insure their future care? Mandell returns to explain when this investment makes sense and when it's a… Continue reading
Mar 19 Watch Despite dip in unemployment, Yellen says Fed will hold low short-term interest rates for now By PBS News Hour Continue watching
Mar 19 Watch What Toyota’s $1.2 billion settlement means for the auto industry By PBS News Hour The Justice Department announced a record $1.2 billion dollar penalty leveled at automaker Toyota. A four-year criminal investigation determined the car company had concealed unintended acceleration issues, a serious safety concern. That case could serve as a warning to General… Continue watching
Mar 19 Michigan plan promises to cover college tuition, but students must ‘pay it forward’ By Margaret Myers Legislators in Michigan have proposed a creative solution for financing college tuition -- make it free. That’s the first step. Second step: require the student to “pay it forward.”… Continue reading
Mar 19 Yellen defends Fed’s decision to forgo unemployment threshold By Simone Pathe The Fed’s policy-making body, the Open Market Committee, announced Wednesday they will again draw down purchases of bonds by $10 billion. Monthly bond purchases will now decreases from $65 billion to $55 billion. Continue reading
Mar 19 Toyota to pay $1.2 billion for misleading public on safety recalls By Ellen Rolfes Toyota has come to a $1.2 billion settlement to end a Justice Department criminal probe into how the company handled customer complaints and automobile recalls related to safety problems with their vehicles from 2009 to 2010. "Today we can say… Continue reading