background preloader


Facebook Twitter

It’s official: Millennials have surpassed baby boomers to become America’s largest living generation. When Does it Pay to Take Social Security Early? Dear Savvy Senior, I will turn 62 in a few months and am trying to decide when to start taking my Social Security retirement benefits.

When Does it Pay to Take Social Security Early?

Almost everything I read on this topic tells me it’s better to wait until my full retirement age or beyond. Is there ever a good reason to start early? Dear Ready, You’re right! Most financial planners agree that waiting to take your Social Security retirement benefits is a smart financial move. Why? Yet despite the financial incentive to wait, most people (58 percent of men and 64 percent of women) claim their benefits before full retirement age, which is currently 66 for those born between 1943 and 1954. The Rich Live Longer Everywhere. For the Poor, Geography Matters. Life expectancy of 40-year-olds with household incomes below $28,000, adjusted for race* For poor Americans, the place they call home can be a matter of life or death.

The Rich Live Longer Everywhere. For the Poor, Geography Matters.

The poor in some cities — big ones like New York and Los Angeles, and also quite a few smaller ones like Birmingham, Ala. — live nearly as long as their middle-class neighbors or have seen rising life expectancy in the 21st century. But in some other parts of the country, adults with the lowest incomes die on average as young as people in much poorer nations like Rwanda, and their life spans are getting shorter. In those differences, documented in sweeping new research, lies an optimistic message: The right mix of steps to improve habits and public health could help people live longer, regardless of how much money they make. One conclusion from this work, published on Monday in The Journal of the American Medical Association, is that the gap in life spans between rich and poor widened from 2001 to 2014.

Men Women. A 3-D View of a Chart That Predicts The Economic Future: The Yield Curve. China just announced one of the largest single layoffs in history. Branko Milanovic looks at the big picture.

China just announced one of the largest single layoffs in history

During his dozen years as chief economist of the World Bank’s Research Department, he focused on making sense of the all-important economic question that many economists, paradoxically, seem uninterested in: How are people doing? It’s a deceptively difficult question. To answer it you must determine what you mean by “people.” The average person? Federal Reserve’s Kashkari Says Banks ‘Still Too Big to Fail’

Photo WASHINGTON — During the 2008 financial crisis, Neel Kashkari worked tirelessly to save the nation’s largest banks.

Federal Reserve’s Kashkari Says Banks ‘Still Too Big to Fail’

As a senior Treasury Department official in the George W. Bush and Obama administrations, he helped those banks grow larger than ever. 'Narconomics': How The Drug Cartels Operate Like Wal-Mart And McDonald's. A Mexican soldier stands guard next to marijuana packages in Tijuana following the discovery of a tunnel under the U.S.

'Narconomics': How The Drug Cartels Operate Like Wal-Mart And McDonald's

-Mexico border in 2010. AFP/AFP/Getty Images hide caption toggle caption AFP/AFP/Getty Images. Ban £50 notes to tackle crime, ex-bank chief says. Image copyright CaronB Central banks should stop issuing £50, $100 and €500 notes to tackle crime, according to a former bank boss.

Ban £50 notes to tackle crime, ex-bank chief says

The high-denomination notes are favoured by terrorists, drug lords and tax evaders, argues Peter Sands, former chief executive of Standard Chartered bank, in a new report. Illegal money flows exceed $2 trillion (£1.4 trillion) a year, Mr Sands said. Rather than focus on the criminals, his report argued G20 countries should now target the cash itself. Finland May Give All Citizens Basic Income of 800 Euros. Finland is planning to offer a national basic income to all of its citizens of 800 euros ($870) a month.

Finland May Give All Citizens Basic Income of 800 Euros

The final proposal for the plan won’t be released until Nov. 2016, Quartz reports, but the new plan will replace existing benefit offerings. The goal of the new proposal is to curb unemployment by making it easier for residents to take low-paying jobs. If it moves forward with the plan, the country will become the first to implement a universal basic income, according to Bloomberg. Polls suggest the plan is popular among the public, though as Quartz reports, it raises questions about how to hand out money to so many people and whether it will actually translate to better outcomes for citizens.

Change in Dollar index before and after rate hikes. Society 'to be hit by climate change' Image copyright AFP Human societies will soon start to experience adverse effects from manmade climate change, a prominent economist has warned.

Society 'to be hit by climate change'

Prof Richard Tol predicts the downsides of warming will outweigh the advantages with a global warming of 1.1C - which has nearly been reached already. BRICS era is over. LONDON (CNNMoney) —BRIC investing has officially fallen out of favor.

BRICS era is over

Goldman Sachs' asset management business has killed off its BRIC fund, concluding that it would not "experience significant asset growth in the foreseeable future. " The powerful investment bank was the original champion of investing in Brazil, Russia, India and China, which became known as BRIC nations. Goldman's former chairman Jim O'Neill coined the "BRIC" acronym in 2001 and brought the world's attention to strong growth potential in these large emerging markets. The acronym was later expanded to BRICS to include South Africa. However, the promise of BRIC countries has faded as Brazil's economy slumps, Russia struggles with low oil prices and international sanctions, and China's economy slows after previously posting double-digit growth figures. Goldman's BRIC fund was created in June 2006 and experienced wild swings during the financial crisis in 2008 and 2009. Half of world's wealth now in hands of 1% of population – report.

Global inequality is growing, with half the world’s wealth now in the hands of just 1% of the population, according to a new report.

Half of world's wealth now in hands of 1% of population – report

ELI5: The Trans-Pacific Partnership deal. Household Surveys Consumption and the Measurement of Poverty ESR June2003. Why New York is out and Nashville is in for real-estate investors. Doing business is pricey in the largest U.S. metropolitan areas, which has prompted companies to consider locating in more affordable cities that have vibrant downtown neighborhoods, good public transit systems, walkability and culture, according to a new report.

Residents may seek out these alternatives too, looking for a more reasonable cost of living. Goodbye, New York. Hello, Nashville! Dallas/Fort Worth, Austin, Charlotte, Seattle, Atlanta, Denver and Nashville were the top cities (in that order) on a list of markets to watch in PricewaterhouseCoopers and Urban Land Institute’s annual “Emerging Trends in Real Estate 2016” report. These cities were followed by San Francisco, Portland, Ore., and Los Angeles. Disregard the Dow Theory at your own peril. Courtesy Everett Collection One of the few hypotheses of Charles Dow’s Original Theory is that “the theory is not infallible.” Despite that disclaimer, the record over the 100-plus years of its existence is really quite exceptional.

Proposal for Sustainable Development Goals. Open Working Group proposal for Sustainable Development Goals Introduction. The SDGs are useless without economic growth   The United Nations was founded on the noble ideas of promoting world peace and common humanity. For decades, these ideas have made the UN, established in 1945, a melting pot of “good intentions” and actions on how to make the world a better place.

However, the UN’s broad remit and inclusivity have also led to its tendency to create omnibus global agendas, which, in order to accommodate different interests, are often unwieldy, ambitious and even utopian. These words, I would argue, describe the Sustainable Development Goals (SDGs), which were adopted by world leaders at the UN on September 26. The SDGs are loaded with good intentions, from ending poverty to saving life below water! The SDGs replace the Millennium Development Goals (MDGs), which came into existence in 2000 and lasted until September this year.

Trans-Pacific free trade deal agreed. Image copyright AFP. What is China’s 'new normal'? Image copyright AP. ‘Pharma bro’ Martin Shkreli and the very American debate over maximizing profit. The History Of Oil. Half of UK cash in black market or overseas, says Bank. Ourworldindata_world-poverty-since-1820-in-absolute-numbers.png (PNG Image, 3000 × 2100 pixels) - Scaled (34%)

How much $100 is really worth - July 2015. Quotes on the Greek economic crisis. End 'gross indignity', Greek FM Varoufakis tells Germany. 5 February 2015Last updated at 13:53 ET. Denmark, Deutschland and deflation: strange times for EU. 29 January 2015Last updated at 14:06 ET By Andrew Walker BBC World Service Economics Correspondent. ECB unveils massive QE boost for eurozone. The Cheapest Generation - Derek Thompson and Jordan Weissmann. What are negative interest rates? 18 December 2014Last updated at 11:04 ET Tom Espiner Business reporter Switzerland's National Bank (SNB) is to impose an interest rate of minus 0.25% on large amounts of money deposited in the country. Swiss National Bank will cut interest rate to minus 0.25% 18 December 2014Last updated at 08:57 ET Switzerland's National Bank (SNB) will bring in a negative interest rate cutting the value of large sums of money left on deposit in the country.

Obama's economy in 17 charts. The Map and the Territory, by Alan Greenspan. Which country has the highest tax rate? Davos 2014: Google's Schmidt warning on jobs. Economic ladder no harder to climb today, U.S. report finds - Business. Corruption Perceptions Index 2013 - Results. Imagine a world without shops or factories. Map: How the world’s countries compare on income inequality (the U.S. ranks below Nigeria) The typical American household is richer than 93 percent of the world. Why are Americans giving up their citizenship? Spanish public debt reaches record level. Spaniards are less productive, constantly tired because Spain is in the wrong time zone. The case for open borders. Dumb moves that sound smart: Buying a house. Poverty significantly saps our mental abilities say researchers. How Does All Your Stuff Get to You? Inside the Shipping Industry. Distance to the Scaling Law: A Useful Approach for Unveiling Relationships between Crime and Urban Metrics.

The Charitable-Industrial Complex. IMF Admits Mistakes on Greece Bailout. World Bank: Migrants send over $414B home. Can a country 'die'? Where the Jobs for the Young Are and Aren't. Russian bank chiefs take aim at US dollar. Reinhart, Rogoff... and Herndon: The student who caught out the profs. Meet the 28-year-old Student Who Exposed Two Harvard Professors Whose Shoddy Research Drove Global Austerity. The Great British class calculator: What class are you? UN paper on Sustainable Development. US income inequality at record high. How to see into the future. Map of Billionaires - 2013. The Economist's Big Mac Index, a Meaty Guide for Traveling on the Cheap. Is the US in denial over its $14tn debt? BBC Radio 4 - Analysis, Is America Doomed? Please note that this is BBC copyright and may not be reproduced or copied for any other purpose - 27_06_11.pdf.

Has quantitative easing helped the US economy? Joseph Stiglitz: Innovation should focus on quality of life, not just productivity. Why it pays to live near creative people — just not too many. Oil and Gas Pricing. Here are the most and least expensive states to live in the U.S. - Capitol Report. Global Public Downbeat about Economy. Economics and Politics by Paul Krugman - The Conscience of a Liberal - Krugman’s Four Dangerous Fiscal Fables.