The extra yield investors demanded to hold 10-year notes in the U.S. instead of Japan was within four basis points of the narrowest level in four months as the Asian nation’s economy expands faster than analysts expected.
February 22, 2013 - Helaine Olen has had it with self-proclaimed personal finance gurus offering glib advice. In her new book, "Pound Foolish," she describes how middle-class families are being buried by stagnant wages, and the rising costs of housing, education and health care emergencies. Meanwhile, she argues, the replacement of pensions with 401(k)s means financial firms found millions of new customers, but workers ended up worse off. The "personal finance and investment industrial complex" profit while half of Americans live paycheck to paycheck.
Former Gold Fields Ltd. Chairwoman Mamphela Ramphele said Agang SA, a political movement she founded three months ago, has attracted 10,000 volunteers and is set on toppling South Africa’s ruling African National Congress in next year’s elections.