A new report from the Organisation for Economic Co-operation and Development (OECD) finds there is now “unprecedented wage stagnation” and despite a stronger economy with record low unemployment rates and a far-reaching and controversial tax cut, the average wages of American workers have not budged since the late-1970s when “the
A financial forensic investigator has been rewarded for his years of work on a financial scam involving JP Morgan that resulted in a $267 million settlement with the Commodity Futures Trading Commission (CFTC). The investigator, Edward Siedle, who formerly worked for the Securities and Exchange Commission, received $78 million as
Since it was created in 2011, Mutualfundreform.com has sought to educate investors and future retirees about the ways to secure a more financially stable retirement. Now, something is happening that can increase your odds of having a more financially stable retirement. That is the start of a progressive political caucus
Americans have a special envy for the rich and famous. Blame it on a combination of the can-do- anything spirit, the quest for Hollywood-type fame, and the belief that wealth is the elixir for all human problems. Whatever the reasons, some Americans have elevated the wealthy, deserving, undeserving and even criminal, to be the pinnacles of
[sgmb id=”2″] Taking advantage of a stranger is bad enough, but what happens when a large financial firm knowingly takes advantage of its own employees? And to make matters worse, what happens when the employees are disadvantaged by their own employers in their own 401(k) plans? You would think
[sgmb id=”2″] So this is how the world’s largest global banks, in this case Barclays Plc, based in London, play the regulatory and corporate accountability game: The bank admits it deceived investors and swindled them out of $31 billion in mortgage backed securities that helped propel the 2008 housing market-led
[sgmb id=”1″] With over $19 trillion under management and the largest political lobby in Washington, you would think the investment industry, comprised of global banks, investment firms, U.S. registered investment companies and the insurance industry, would have a vested interest in seeing that more Americans enjoy a financially comfortable retirement.
[sgmb id=”2″] The news today that Larry Kudlow, a CNBC TV market commentator and ex-Bear Stearns economist, may be the next White House’s National Economic Council, (succeeding Gary Cohen who resigned) is another bad omen for individual citizens and investors. Kudlow is an unabashed and unquestioning advocate who pushes the prevailing
[sgmb id=”2″] It’s no secret to more astute investors and political progressives that the decades-long battle to eliminate pensions and replace them with 401(k) is all about who takes the most amount of financial risk and has the most power to influence decisions made by investment firms and corporations. When
[sgmb id=”2″] Military generals in the Trump White house are making a killing, at least in terms of their pension benefits and salaries. Trump thinks that generals and other senior military officers are great at organizing chaotic situations or instilling discipline into errant civilians and others with minimal workplace experience.