Reuters Money

One man’s retirement crusade to help Detroit and baby boomers

November 3, 2011

Randal Charlton (REUTERS/handout)Randal Charlton has had a long, colorful career with plenty of ups and downs. In his 71 years, he’s done everything from tending dairy cows for a Saudi sheik to starting a jazz club in Florida. And as a lifelong entrepreneur, he has bought and sold 14 different companies.

Surveys say: Retirees are getting very nervous

October 17, 2011

Reference librarians are nothing if not precise, and Kevin Davey plotted his exit from the Chicago Public Library system with all the exactitude of a veteran fact-finder. His last day was Sept. 30 — just 48 hours after his 55th birthday and first day of retirement eligibility.

How cuts to Social Security Administration will hurt you

October 14, 2011

Undated handout photo. REUTERS/ICE/Handout  “Starving the beast” is a favorite conservative strategy for forcing cuts in federal spending. The idea is to deprive the government of revenue in order to force spending cuts – and resistance to new taxes is a central feature of the current Super Committee deliberations in Washington.

Is the U.S. economy heading for a double-dip recession?

October 5, 2011

An ethnic Albanian child holds an ice cream cone during some traditional games in the village of Belobrad, June 15, 2007. REUTERS/Hazir Reka Is the U.S. economy heading for another recession?

Two investment strategists who spoke to a group of Thomson Reuters brokerage clients at a conference in Phoenix on Tuesday say the chances are slim. Despite the bear market blues, David Joy, chief market strategist at Ameriprise, says a double dip recession is unlikely. The U.S. is destined to be in two percent growth environment for the foreseeable future — “or 2.5 percent, if we are lucky,” Joy says.

Spending less could make recession a “self-fulfilling prophecy”: Analysts

September 20, 2011

Mark and Kathy Swezy of Englewood, Colorado embody what many Americans would call a rock-solid work ethic. Mark is a full-time purchasing manager at JoaQuin Manufacturing, while Kathy splits her time between her own graphic design business and a job at Nosh Nest, a high-end cookware and food shop in downtown Denver, Colorado.

Double-dip recession porridge: 3 bears dish it out

September 12, 2011

Now that fears of a double-dip recession are on everyone’s mind, the bears are on the prowl and really cranky.

Where is the real U.S. jobs plan?

September 2, 2011

Jobs, justice and peace. Have three themes ever been so intimately intertwined since Dr. Martin Luther King, Jr., championed this tri-partite campaign in his 1967 March on Washington?

Fury brewing at ratings agencies as markets gyrate

August 9, 2011

Carnival revellers are silhouetted as they carry a burning wooden wagon in Liestal, near Basel, February 21, 2010.  REUTERS/Michael BuholzerSo let me get this straight.

Ratings agencies helped spark the financial meltdown of 2008-9, when they deemed that steaming piles of mortgage junk were brimming with triple-A goodness. They were wrong – and epically so.

Retirement investors suffer as economy catches up to Wall Street

August 9, 2011

Retirement investors have struggled with a Jekyll and Hyde economy these past two years, where Dr. Jekyll lives very well on Wall Street while Mr. Hyde runs roughshod over a terrified Main Street.

Gold Mine: Links and tweets from around the Web

August 8, 2011

A worker scoops gold shots at Japanese jewellery brand, Ginza Tanaka's original equipment manufacturer (OEM) factory in the Chiba prefecture, east of Tokyo September 14, 2009. REUTERS/Yuriko Nakao One consequence of the stock market decline is that everyone is talking about investing in gold as it hits record highs. But what are they saying?