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Friday, April 26, 2013

Reuters Money: Column: Twilight of the middle class? - Chrystia Freeland

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04/26/2013
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
Column: Twilight of the middle class? - Chrystia Freeland
(Chrystia Freeland is a Reuters columnist. Any opinions expressed are her own.)
Flight delayed due to furloughs? Here's what to do
NEW YORK (Reuters) - Furloughs of air traffic controllers because of U.S. government spending cuts are leading to flight delays and cancelations.
More U.S. investors spanning the globe for real estate
NEW YORK (Reuters) - U.S. investors are rediscovering their appetite for foreign real estate. Attracted by potentially higher returns, they are putting more money into overseas funds that invest in offices, malls and apartment complexes than they have in six years.
The ways Lipper winners make global property pay
NEW YORK (Reuters) - Since the start of the year, U.S. investors have poured money into foreign real estate funds at the fastest rate since 2007.
Africa is still way too dependent on resources
JOHANNESBURG (Reuters) - Africa's brisk economic growth over the past decade has been consumer driven, a much-hyped trend that masks the uncomfortable fact that the region remains far too reliant on commodities.
Japan regulators may pursue charges against U.S.-based asset manager MRI
TOKYO (Reuters) - Japanese regulators have stripped U.S.-based MRI International Inc of its registration as an asset manager and may pursue criminal charges against the firm, accusing it of mismanaging client funds and falsifying reports.
Have fun now, retire later
WASHINGTON (Reuters) - By the time you are nearing the pre-retirement years, you've probably heard all that nose-to-the-grindstone advice hundreds of times: Work longer. Cinch the belt tighter. Plow as much as possible into your 401(k) because you might live to be 100 and you'll need that money later.
Apple, the Fed and the financial fallacy
(Reuters) - Apple's emphasis on share buybacks is a strikingly similar error to the Federal Reserve's dedication to buying U.S. Treasuries.
Taffeta shock: What U.S. families shell out for school proms
NEW YORK (Reuters) - Inspired by celebrities on the red carpet, influenced by couture photos circulated on Pinterest and armed with price information from online browsing, American girls plan to spend more when they shop for prom dresses this year.
Column: Want to buy a business? You can tap your 401(k)
CHICAGO (Reuters) - Mark Schottland's 401(k) took a beating in the market crash of 2008, and its value plunged 35 percent, to $65,000. But rather than go into a mattress fund, the Nashville resident decided to invest in himself.
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