The Department of Labor is scheduled to advance the “fiduciary rule,” which would legally require advisers who offer individual investment advice for a fee to act in their clients’ best interest. Right now, they are subject to a lower “suitability” standard, where the broker must reasonably believe the recommendation is suitable for their client. This standard is vague and easily gamed by the industry. The new proposal would be the first update to the rule in 40 years and would finally cover employment-based retirement accounts like 401(k)s, which didn’t exist in 1975.
7 common myths that can ruin your retirement (Jason B.)
Lots of pre-retirees plan on trading in the family home for a condo or apartment and living off of the additional equity. That’ a great plan, but in many cases, the savings don’t pan out. Retirees tend to sell their older homes for newer apartments with more modern amenities—such units tend to cost more, which eats away at the potential savings.
The authority has recommended that Facebook alter the way the plugins work, that websites put in extra protections for their visitors when plugins are present, and that the general public use privacy software that will circumvent the problem completely. The latter recommendation suggests the BPC has little trust in Facebook changing its operations any time soon.
The wreck closed part of the corridor all week. On a normal weekday, 2,000 trains run by Amtrak and eight other passenger rail systems carry 750,000 riders on railway between Washington and Boston, making it a vital link for both intercity travelers and suburban commuters.
Federal investigators will take months to determine the cause of the crash. Speed, not equipment failure, has emerged as a key factor.
This system is already in place on the southbound tracks on the site where the tracks occurred, a rail yard northeast of Center City Philadelphia called Frankford Junction. A federal official familiar with the investigation, who spoke on the condition of anonymity, said it was in place on one track and not the other because southbound trains were required to make a more dramatic deceleration on the curve there than north bound trains were.
More potential college students are favoring the short-term benefits of a job, rather than the long-term returns of college, said Jason DeWitt, the center’s manager of research services. “If someone has bills to pay, they may not have a choice in the matter,” he said.
Blueprint for a Better Human Body (jdargis)
What was once an industry bent on replicating the human body exactly, the world of prosthetics has started thinking more creatively about what the human body can be. As technology advances, as engineers start to borrow ideas and designs not just from human biology but from elsewhere, and as prosthetics become less stigmatized, there are all sorts of options opening up. The human body, and what people consider the “normal” human body, can be a whole lot more than what’s biologically possible.
The stark challenge that confronts this state is putting a spotlight on a father and son who, as much as any two people, define modern-day California. They are strikingly different symbols of different eras, with divergent styles and distinct views of government, growth and the nature of California itself.
Gold & Silver
Provided daily by the Peak Prosperity Gold & Silver Group
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