Jilian's Feed
Jan 17, 2012

U.S. recovery at risk as Americans raid savings, borrow again

NEW YORK (Reuters) – More than four years after the United States fell into recession, many Americans have resorted to raiding their savings to get them through the stop-start economic recovery.

In an ominous sign for America’s economic growth prospects, workers are paring back contributions to college funds and growing numbers are borrowing from their retirement accounts.

Jan 17, 2012

Insight – U.S. recovery at risk as Americans raid savings

NEW YORK (Reuters) – More than four years after the United States fell into recession, many Americans have resorted to raiding their savings to get them through the stop-start economic recovery.

In an ominous sign for America’s economic growth prospects, workers are paring back contributions to college funds and growing numbers are borrowing from their retirement accounts.

Jan 17, 2012

Insight: Recovery at risk as Americans raid savings

NEW YORK (Reuters) – More than four years after the United States fell into recession, many Americans have resorted to raiding their savings to get them through the stop-start economic recovery.

In an ominous sign for America’s economic growth prospects, workers are paring back contributions to college funds and growing numbers are borrowing from their retirement accounts.

Jan 11, 2012

Prepaid college plans: shrinking options, rising risks

By Jessica Toonkel and Jilian Mincer

(Reuters) – Jim and Celeste Durkin thought when they began investing six years ago in Illinois state’s prepaid college savings plan that they were locking in a bargain price if their daughter Caroline, who is now 10, eventually attended the University of Illinois.

That might not be the case. The plan took some risky bets on private equity and hedge funds and is now 30 percent underfunded and temporarily closed to new investments.

Dec 24, 2011

Mentally ill flood ER as states cut services

CHICAGO/NEW YORK (Reuters) – On a recent shift at a Chicago emergency department, Dr. William Sullivan treated a newly homeless patient who was threatening to kill himself.

“He had been homeless for about two weeks. He hadn’t showered or eaten a lot. He asked if we had a meal tray,” said Sullivan, a physician at the University of Illinois Medical Center at Chicago and a past president of the Illinois College of Emergency Physicians.

Dec 23, 2011

How to create a family charity tradition

NEW YORK (Reuters) – Like most families, Susan Colpitts has many holiday traditions, but she particularly values one that she started several years ago. At Christmas she gives each of her children a blank check for $25. Her three daughters – now 23, 21 and 17 – have a week to decide what charity will receive the money.

It’s one of the ways Colpitts, a financial adviser in Norfolk, Virginia, teaches her children about philanthropy, something she thinks parents need to encourage on a daily basis through discussions, donations and volunteering. “So many of the values we teach our children happen across the dinner table,” she says. “It’s not just giving, it’s also about volunteering.”

Dec 15, 2011
via Reuters Money

Investors prepare for more volatility in 2012

Whether or not Europe resolves its banking crisis, the United States its deficit orĀ China its cooling economy, U.S. investors should be prepared for more volatility in 2012.

This year’s roller coaster sent billions of dollars to the sidelines but also rewarded many investors who stuck with bonds and dividend-producing funds. These are some of the key issues fund managers, such as Dan Fuss of Loomis Sayles and David Giroux of T. Rowe Price (TROW.O), will examine during the 2012 Reuters’ Global Investment Summit Outlook taking place next week in New York, London and Hong Kong.

Dec 7, 2011

Unsettled markets to dominate 2012 investment climate

NEW YORK (Reuters) – Money managers are bracing for more market volatility and political uncertainty as they weigh their investment choices in 2012, reiterating a warning that simply holding cash won’t completely insulate investors from losses.

The uncertainty stems from Europe’s unresolved debt crisis, which faces a big test later this week in Brussels when European Union leaders meet to hash out an agreement on budget discipline, as well as major elections in nearly half of the Group of 20 nations in 2012.

Dec 2, 2011

Investors prepare for more volatility in 2012

NEW YORK (Reuters) – Whether or not Europe resolves its banking crisis, the United States its deficit or China its cooling economy, U.S. investors should be prepared for more volatility in 2012.

This year’s roller coaster sent billions of dollars to the sidelines but also rewarded many investors who stuck with bonds and dividend-producing funds. These are some of the key issues fund managers, such as Dan Fuss of Loomis Sayles and David Giroux of T. Rowe Price, will examine during the 2012 Reuters’ Global Investment Summit Outlook taking place next week in New York, London and Hong Kong.

Nov 30, 2011

American Airlines workers face pension plight

NEW YORK, Nov 30 (Reuters) – Millions of Americans remember
US Airways pilot Chesley B. “Sully” Sullenberger III. In 2009,
he became an instant hero for saving 155 lives by landing on
New York City’s Hudson River when his aircraft lost power after
it was struck by birds shortly after taking off.

But few know that – like thousands of other airline
employees – Sullenberger was struggling financially at the time
because two US Airways bankruptcies had derailed his pension
and slashed his salary 40 percent.