Help for seniors slammed by stocks
Responding to the financial market downturn, the Senate on Thursday voted to ease rules for seniors who are required to take distributions from their battered retirement accounts.
2008 was a year of shock and awe for the world economy
2008 has been a year full of tumultuous events for financial markets, with the failure of some of the brightest names in the banking sector and wholesale government rescues being mounted for most of the rest. Low financial market volatility, a feature of the last seven years, turned into one of the highest periods of volatility ever experienced in some markets. The boom in the world economy has come to an abrupt end and now seems a distant memory. But at the start of the year, there was some

Holiday shopping season proving to be better than feared
Fear . Financial market crisis coupled with deep recession, job concerns and rock-bottom sentiment – it is hardly surprising retailers were concerned that this year’s holiday shopping season could be a bust. The weeks before the holidays are, after all, the strongest of the year in terms of sales. This applies to the US even more than to Europe. Relief . Contrary to all prophecies of doom, however, the holiday shopping season got off to a pretty respectable start. In the US, the number of

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