Steve Forbes Interview: Olivia Mitchell, Pension And Retirement Expert

Steve Forbes: Olivia, good to have you with us.  A timely topic you’ve achieved expertise in –with 79 some-odd million Baby Boomers – you head up, among other things, the Pension Research Council.Olivia Mitchell: That’s right, at the University of Pennsylvania, at The Wharton School.Pension BailoutForbes: In terms of pensions, let’s do a broad question first.  I’m old enough to remember, unlike you, the late-’70s, when there was very real concern about pensions.  And then, in effect, what bailed us out was that inflation was conquered, a booming stock market – interest rates came down, asset values shot up.Any hope of that in the future? Or say, if it happened, put aside the moment the public plans.  If...

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Steve Forbes Interview: Olivia Mitchell, Pension And Retirement Expert

PAGE 2 OF 4Mitchell: Well, there are a number of states that are projected to exhaust their benefits by the year 2020.  In other words, they won’t have enough assets even assuming a very high rate of investment return.&nb...

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Steve Forbes Interview: Olivia Mitchell, Pension And Retirement Expert

PAGE 3 OF 4Mitchell: Obviously there are people, my husband included, that would like to go out on the golf course.  But the question is partly an ability to retire early.&nb...

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Steve Forbes Interview: Olivia Mitchell, Pension And Retirement Expert?

PAGE 4 OF 4Mitchell: Well, I’m a big proponent of annuities for retirement, for at least part of your portfolio.  How much you want to buy ought to depend on how much you’re relying on social security,...

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India's Economy Grows 7.7%?

NEW DELHI -- The Indian economy grew at a steady pace in the April-June quarter due to strong expansion in services output, raising expectations that the Reserve Bank of India will continue tightening monetary policy to restrain inflatio...

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Noda Gets the Nod?

Japan is getting another new prime minister this week, with Yoshihiko Noda's victory in yesterday's Democratic Party of Japan leadership race setting him up to take the top job as early as today. He becomes the country's sixth leader in five years, and cynics are already betting he'll be a one-year wonder like his four immediate predecessors. That cynicism may well be justified, though the leadership race has brought a few glimmers of ho...

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Asia stocks boosted ?

BANGKOK, Make Money Blog $ - Increase in household consumption in the United States joined mendongkak stock prices in Asian bourses. Index also opened excited after the two banks completed the final stage of the process of merging them in Greece in order to reduce debt problems in the country.&nbs...

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Oil Prices Mixed?

LONDON—Make Money Blog$, Crude-oil futures were mixed as investors are switching attention from Hurricane Irene and U.S. Federal Reserve Chairman Ben Bernanke's speech to economic news from the U.S. and Euro...

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Economic Lessons Learned From Number One Son?

A booked-up, old Ph.D. can learn a lot about life, economics and politics from watching his sons. My oldest son, for example, decided back in high school that college offered him nothing but a lot of debt and political-correctness hass...

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New York Stock Exchange ready for trading Monday?

NEW YORK -- Make Money Blog$, The New York Stock Exchange and NASDAQ are ready to open for trading Monday.A spokesman for the New York Stock Exchange says its building and systems are all in working order after the worst of Tropical Storm Irene passed New York. The Nasdaq stock exchange also expects to open normal...

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Why The Journal is Wrong About CSR?

An editorial in The Wall Street Journal yesterday attacks advocates of corporate social responsibility, calling the belief that “businesses have a responsibility to act in the public interest and will profit from doing so” ineffective and flaw...

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A Big Greek Wedding: Alpha Bank and Europbank to merge?

The Greek and European banking crisis may be at a turning point, as a historic merger between two big Greek banks is about to take place.According to Skai News TV network, Alpha Bank and Eurobank are about to announce a merger soon, forming the country’s largest ba...

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Investors targeted, CNKO Potential to Rp300?

Make Money Blog $, Jakarta - foreign and local fund managerreportedly are chasing stocks Indonesia Tbk PT Exploitation of Energy (CNKO...

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Lippo Cikarang Back Shares Traded?

Jakarta - Make Money Blog $, shares of PT Lippo Cikarang Tbk(LPCK) reopened its trade by the Indonesian Stock Exchange(IDX) began the first session today, Friday, August 26, 201...

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Lattice Bustling Bernanke's Speech Market ?

Make Money Blog $, Jakarta - Euro had gained after the Jakarta Composite Index closed just weakened thin. The market re-focus on the governor's speech tonight and the Fed to ignore the lattice that the U.S. will not remove the stimulus.&nbs...

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Make Money Blog $, New York - U.S. stocks ended higherovernight, with Wall Street posted a weekly gain of the first five week...

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No QE3 From Bernanke Yet As Fed Chief Puts U.S. Mess In Congress' Lap?

Federal Reserve Chairman Ben Bernanke acknowledged the severe challenges facing the U.S. economy in hisJackson Hole speechFriday morning, but renewed his view fiscal, not monetary, solutions are necessary to deal with both the current economic soft patch and the longer-term structural hurdles to grow...

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Oil below $85 ahead of Bernanke speech, Irene?

PARIS -- Oil prices fell slightly below $85 a barrel Friday as traders waited to see if a hurricane barreling up the U.S. East Coast would affect production and if the Federal Reserve chairman would deliver new stimulus for the econo...

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Gold sales drop 100 U.S. Dollars?

JNEW YORK, KOMPAS.com - The price of gold fell into the greatest decline during the last 18 months. Prices react immediately respond to financial market conditions began to stabilize. Optimism on risky assets are managed to erode the allure of precious metals as a safe haven. As the AP released, the price of gold fell in trading Wednesday (24/08/2011) local time, due to the increasing confidence of investors on the global economy. Gold prices dropped 104 dollars or 5.6 percent at 1757.30 per ounce positions. This is the biggest percentage decline since March 2008. Although the overall price of gold for this year is still up 24 percent. Earlier, the price of precious metals had a chance to penetrate the 1917 U.S. dollars per ounce, which is the highest achievement during...

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