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Wednesday, May 28, 2014

Reuters Money: Economics and politics align for ECB: James Saft

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05/28/2014
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
Economics and politics align for ECB: James Saft
(Reuters) - If there is anything more sobering for a central banker than failing to meet the bank's mandates, as the European Central Bank arguably has, it is having one's very legitimacy challenged.
What would entice you to sign up for a 529 plan?
NEW YORK (Reuters) - For some people, the magic of compound interest alone is enough to sell them on a 529 college savings plan, but others seem to need more incentive.
MasterCard extends zero liability policy to ATM transactions
(Reuters) - MasterCard Inc, the world's second largest debit and credit card company, said it was extending its zero liability policy in the United States to include all PIN-based and ATM transactions.
Blackrock's Fink says letter to CEOs triggered angry phone calls
BOSTON (Reuters) - Blackrock Inc Chief Executive Larry Fink, who runs the world's largest asset manager, said on Wednesday he has fielded angry phone calls over a letter he sent in March to S&P 500 executives that warned them about the perils of short-term thinking.
Proposed rule would hurt poor students, for-profit U.S. colleges say
WASHINGTON (Reuters) - Nearly half of students attending for-profit colleges in the United States could lose federal aid if the Obamaadministration implements a new rule on public disclosure of the schools' performance and earnings, according to a report prepared for the colleges and released on Tuesday.
British government tells Scots staying in UK is worth 1,400 pounds each
EDINBURGH (Reuters) - Scots will each be 1,400 pounds ($2,400) a year better off if they vote to remain part of the United Kingdom, Britain's deputy finance minister Danny Alexander said on Wednesday.
Another BRIC in the wall: India primed for growth
CHICAGO (Reuters) - Although the world's largest democracy has been hobbled by inflation, a declining currency and difficult business environment, the pro-business Bharatiya Janata Party that just won an epic election in India has engendered optimism that the country can turn around its sagging economic scenario.
Warning: Not all 'target date' funds have the same target
CHICAGO (Reuters) - If you contribute to a target date fund in your 401(k) plan, you probably have a sense of how it works. The fund's balance between stocks and bonds automatically shifts as you age, with less weight on equities as you get close to retirement.
Your commute is costing you more than you realize
NEW YORK (Reuters) - Kay Phillips has been dreading this moment for a very long time.
Deadlines over, but colleges have hundreds of spots left
LOS ANGELES (Reuters) - Traditional college admission deadlines have long passed, but students may still have some options if they didn't get accepted to their dream schools, are having second thoughts about the schools they chose or just didn't get their act together to apply all those months ago.
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