finance http://wlrn.org en Teaching Financial Independence To Children Of Every Age http://wlrn.org/post/teaching-financial-independence-children-every-age <div style="font-family: 'Segoe UI', Helvetica, Arial, sans-serif; font-size: medium; line-height: normal; margin: 0px;"><br /><p></p> Wed, 23 Jul 2014 17:00:00 +0000 Bonnie Berman, Joseph Cooper, Richard Ives & Paul Leary 36019 at http://wlrn.org Teaching Financial Independence To Children Of Every Age Miami Hispanics Not Saving Much For Retirement, Study Says http://wlrn.org/post/miami-hispanics-not-saving-much-retirement-study-says <p><span style="line-height: 1.5;">A recent survey by Prudential Financial advisors reveals the Hispanic American community places a priority on funding near-term goals, making it more difficult for Hispanics to prepare for retirement.</span></p><p><span style="line-height: 1.5;">From Oct. 28 to Nov. 18 last year, the study polled 1,023 Americans who identify as "Hispanic." It covered several financial topics and what the driving force is behind making financial decisions in Hispanic American households.</span></p> Thu, 23 Jan 2014 21:23:54 +0000 Lisann Ramos 26852 at http://wlrn.org Miami Hispanics Not Saving Much For Retirement, Study Says Cuba To Phase Out Two-Peso Currency System http://wlrn.org/post/cuba-phase-out-two-peso-currency-system Cuba will end the two-currency system it has used for nearly 20 years. Since the collapse of the Soviet Union, Cuba has used either American currency or a peso that's pegged to the dollar alongside its national peso.<p>The monetary unification will phase out a system that has become a symbol of exclusivity and foreign wealth. Many products that are imported into the country can be bought only with the dollar-based convertible peso. Tue, 22 Oct 2013 19:48:19 +0000 Bill Chappell 22517 at http://wlrn.org Cuba To Phase Out Two-Peso Currency System Economists Fear 'Flying Blind' Without Government Data http://wlrn.org/post/economists-fear-flying-blind-without-government-data Talk to economists about the government shutdown's impact on their forecasts and you'll hear this phrase again and again:<p>Flying blind.<p>For economists and investors, "at this moment, we are flying blind," said Alan Greenspan, former chairman of the Federal Reserve and now president of Greenspan Associates LLC, a consulting firm.<p>Greenspan is not alone in feeling a little lost without the compass of government reports.<p>"We have not been collecting the data, so we are <a href="http://www.mesirowfinancial.com/economics/swonk/themes/themes_1013.pdf">flying blind</a>," said Diane Swonk, pas Fri, 18 Oct 2013 11:24:29 +0000 Marilyn Geewax 22297 at http://wlrn.org Economists Fear 'Flying Blind' Without Government Data Public Debt On TSE: Counting Up The Dollars And Sense http://wlrn.org/post/public-debt-tse-counting-dollars-and-sense <p></p><p>The debate in Congress over raising the debt ceiling was focused on the $16.7 trillion borrowing limit. That's a huge number that has been increasing rapidly since the Great Recession. The chart above from the U.S. Federal Reserve shows the federally reported public debt jumping from $6 trillion after the 2001 recession to almost $17 trillion this fall. &nbsp;</p> Thu, 17 Oct 2013 10:30:00 +0000 Tom Hudson 22241 at http://wlrn.org Public Debt On TSE: Counting Up The Dollars And Sense Public Debt On TSE: Lining Up Lenders for Landing http://wlrn.org/post/public-debt-tse-lining-lenders-landing <p></p><p>The federal government may be partially shut down and flirting with an unprecedented debt default but the Broward County Aviation Department had no trouble borrowing $450 million this month.</p><p> Wed, 16 Oct 2013 11:00:00 +0000 Tom Hudson 22173 at http://wlrn.org Public Debt On TSE: Lining Up Lenders for Landing Miami To NY Hedge Funds: We’re Ready For You Now http://wlrn.org/post/miami-ny-hedge-funds-we-re-ready-you-now <p><span style="color: rgb(26, 39, 50); font-family: arial, helvetica, sans-serif; line-height: 19px; text-align: left; ">Miami hopes to lure hedge funds out of New York with an updated twist on a familiar message: Come south for warm winters, zero state or city income tax and -- finally -- a downtown worthy of Wall Street&rsquo;s elite.</span></p> Mon, 14 Oct 2013 15:52:11 +0000 Douglas Hanks 22104 at http://wlrn.org Miami To NY Hedge Funds: We’re Ready For You Now Why Having Too Little Means So Much http://wlrn.org/post/why-having-too-little-means-so-much <div><p></p> Mon, 23 Sep 2013 17:00:00 +0000 Joseph Cooper, Bonnie Berman & Paul Leary 21019 at http://wlrn.org Why Having Too Little Means So Much Whale Of A Fine: JPMorgan Chase To Pay $920M In Penalties http://wlrn.org/post/whale-fine-jpmorgan-chase-pay-920m-penalties JPMorgan Chase has agreed to acknowledge that it violated federal securities laws and will pay $920 million in penalties assessed by regulators in the U.S. and U.K. Thu, 19 Sep 2013 16:37:29 +0000 Mark Memmott 20861 at http://wlrn.org Whale Of A Fine: JPMorgan Chase To Pay $920M In Penalties JPMorgan To Get Whale Of A Fine For Trading Losses http://wlrn.org/post/jpmorgan-get-whale-fine-trading-losses Authorities are set to slap banking giant JPMorgan Chase with a massive fine over the bank's huge trading losses in London last year, confirms NPR's Jim Zarroli.<p>Though details of the deal are still pending, several reports put the amount at more than $700 million. Tue, 17 Sep 2013 11:56:23 +0000 Jim Zarroli 20717 at http://wlrn.org JPMorgan To Get Whale Of A Fine For Trading Losses 5 Years After Financial Crisis, Are Big Banks Still A Threat? http://wlrn.org/post/five-years-after-wall-street-collapse-are-banks-better It's been five years since Lehman Brothers collapsed and touched off a banking crisis that is still being felt by the global economy. Today, the banking industry is a lot stronger than it was, but some critics say efforts to reform banking regulations have fallen short of their potential.<p>The 2008 banking crisis underscored how vulnerable the financial sector had become. Huge institutions like Countrywide were saddled with mountains of bad mortgage and consumer debt. And the losses were magnified by the widespread use of leverage and derivatives such as credit default swaps. Thu, 12 Sep 2013 12:40:41 +0000 Jim Zarroli 20476 at http://wlrn.org 5 Years After Financial Crisis, Are Big Banks Still A Threat?