Just as companies thought their pension plans might be climbing out of the red, they are about to get hit with a double whammy of higher fees and ballooning obligations.
Increasingly, companies are closing their pension plans to new hires, offering lump-sum payments to shrink their outstanding obligations or handing over management of their pension assets to insurers.
Faster inflation at the end of 2013 and the beginning of 2014 supported the Fed’s view that a disinflationary trend was transient, and that prices eventually would move back to the central bank’s target of 2 per cent. February’s drop likely won’t change the Fed’s outlook, although it does support the view that U.S. economic growth remains modest at best.
“The data do not point to theRead More
Governments around the world are trying to figure out if and how they can help promote entrepreneurship, which is considered critical to global competitiveness. But in the United States, there's nothing more politically contentious than the role of government in the economy.
This episode of America Abroad looks at how government intervention helps and hurts entrepreneurs, andRead More
Since 2010, the price of the most-affordable Cox Communications video package in Hampton Roads, Virginia has increased 83 percent. That is a shocking number, but probably hides the complexity of video entertainment price increases since 2000.
By some measures, since 2000, the U.S. consumer price index (which excludesRead More
Looking nationally, Robert Hughes, senior research fellow at American Institute for Economic Research in Great Barrington, sees an economy that is adding private sector jobs at a rate of 187,000.
Problem is, private industry is not adding jobs fast enough to keep up with cuts in government employment.
"If you continue to look at private-sector job growth, we are about in lineRead More