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Wednesday, December 19, 2012

Reuters Money: How retirees can cope with Fed's "new normal"

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12/19/2012
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
How retirees can cope with Fed's "new normal"
CHICAGO (Reuters) - If you are still wondering whether we are in a "new normal" investment climate of ultra-low interest rates, wonder no more: Federal Reserve Chairman Ben Bernanke settled any lingering doubts last week when he guaranteed rates will stay near zero at least through the middle of 2015 -- or until the jobless rate falls to at least 6.5 percent, or the inflation rate jumps above 2.5 percent.
Morgan Keegan must pay $1.4 million in bond fund case: panel
(Reuters) - Morgan Keegan & Co must pay an investor nearly $1.4 million in damages and other relief for losses tied to a series of troubled bond funds, an arbitration panel ruled.
New funds spring up to aid Newtown victims
(The following contains some information from a Dec. 17 report, but adds a new fund and details)
Your money: Look before leaping at lower stock values
NEW YORK (Reuters) - Time for some good news: Despite a big stock-market run-up, there are still bargains to be had.
Does cheating cost you in a divorce?
NEW YORK (Reuters) - Cheating spouses are constantly in the headlines, one of the latest involving former Central Intelligence Agency director David Petraeus. While there seems to be an endless appetite for stories about infidelity involving celebrities or those in the halls of power, in most cases divorce courts couldn't care less.
Investors slightly more bearish on U.S. Treasuries: survey
NEW YORK (Reuters) - Investors turned slightly more bearish on U.S. government debt in the latest week, ahead of the Treasury selling $99 billion of Treasury notes, a survey released on Tuesday showed.
NYC pension funds may sell $18 million in gun-related stocks
(Reuters) - New York City's pension funds may sell nearly $18 million worth of stock in four companies that manufacture guns and ammunition, a spokesman said on Tuesday.
New York's public pension fund reviewing gun maker investments
(Reuters) - New York State's public pension fund is reviewing its investments in firearms manufacturers in the wake of the school shooting in Newtown, Connecticut, a spokesman for New York State Comptroller Thomas DiNapoli said on Tuesday.
Calpers pits state court versus federal in San Bernardino bankruptcy
SAN FRANCISCO (Reuters) - The biggest U.S. pension fund argued in a court filing that its status as a state agency gave it sweeping powers in the San Bernardino, California bankruptcy case and that the federal jurisdiction that applies in bankruptcy should be overridden by the state's rights.
House Republicans eye limited fiscal cliff bill
WASHINGTON (Reuters) - With time running short before a Dec. 31 deadline, House of Representatives Speaker John Boehner will begin work on legislation that simply would extend current low income tax rates for all families with incomes below $1 million a year, according to an aide.
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