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Wednesday, May 22, 2013

Reuters Money: Column: Bernanke's dangerous optimism

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05/22/2013
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: Bernanke's dangerous optimism
(Reuters) - Federal Reserve Chairman Ben Bernanke is an optimist about economic growth in the coming decades, rejecting "depressing" views about a slowdown to put his faith in collaborative innovation driven by a jackpot culture for inventors.
Women edge out men in handling credit -Experian
(Reuters) - When it comes to managing credit, American women have a slight edge over men, according to a study of credit reports by the credit report agency Experian Plc.
Prosecutors consider using racketeering law against SAC: source
NEW YORK (Reuters) - Prosecutors are considering charging Steven A. Cohen's SAC Capital Advisors as a criminal enterprise engaged in a long pattern of insider trading in stocks, according to a person familiar with the matter.
Tax official at center of scandal won't testify: lawyer
WASHINGTON (Reuters) - Lois Lerner, the Internal Revenue Service official at the center of a scandal about the targeting of conservative groups for extra tax scrutiny, plans to assert her constitutional right not to answer questions from a congressional committee on Wednesday.
Prosecutors' subpoena of SAC's Cohen puzzles defense lawyers
NEW YORK (Reuters) - The decision by prosecutors to compel Steven A. Cohen to testify before a federal grand jury about allegations of insider trading at his $15 billion hedge fund is leaving many criminal defense lawyers scratching their heads.
In the Hamptons, catering to the rich (and their dogs) is good business
EAST HAMPTON, New York (Reuters) - Judging by early demand for everything from doggie daycare to Ferrari rentals and fine art, rich Americans are going to make this a strong summer in one of their favorite playgrounds - the beach towns on the eastern end of Long Island collectively known as the Hamptons.
Wall Street watchdog to review broker bonus disclosure plan in July
WASHINGTON (Reuters) - Wall Street's watchdog will present a plan to its board in July that would require brokers to tell certain clients about compensation they receive when they switch firms, the regulator's chief said on Tuesday.
Column: Transforming your 401(k) into steady income
CHICAGO (Reuters) - A job and a paycheck - they go together like coffee and cream. But when you retire from your regular job, does that mean you have to give up the cream?
Your practice: Five tips for effective client meetings
(Reuters) - Keeping clients on track during one-on-one strategy sessions is often a tricky balancing act. It requires planners to acknowledge the deep emotions that are usually attached to the financial lives of their clients. At the same time, advisers must keep the discussion from straying too far from the careful decision-making that goes into every financial plan.
Awaiting rebound in Europe, Poland stifles growth at home
WARSAW (Reuters) - Poland has turned its back on policies that once made it Europe's growth leader and is flirting with the recession that it alone among its emerging European Union peers has evaded through years of crisis.
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