New TSA policy on knives, bats sparks backlash
WASHINGTON -- Flight attendants, pilots, federal air marshals and even insurance companies are part of a growing backlash to the Transportation Security Administration's new policy allowing passengers to carry small knives and sports equipment like souvenir baseball bats and golf clubs onto planes....
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Have Americans Given Up on Saving for Retirement?
In the wake of the Great Recession, retirement-minded Americans are feeling an unprecedented amount of futility. They are undersaved and — worse — see little reason to do anything about it. That’s the alarming conclusion in a new report from the Deloitte Center for Financial Services, which found that 60% of preretirees believe health care costs will consume their savings no matter how much they save. Similarly, 39% believe investment returns won’t be high enough to provide decent retirement income regardless of how much they manage to put away. Deloitte found exasperation at every turn: 58% don’t have a retirement plan; nearly 40% don’t know what an annuity or mutual fund is; and 20% expect to rely purely on Social Security for their retirement needs. More than half don’t trust anyone’s advice. (MORE: Avoid Getting Stung by the Affordable Care Act) Collectively, we seem to be throwing the towel. It’s not difficult to understand why, to be sure. After a sharp pullback in ...
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Have Americans Given Up On Saving for Retirement?
In the wake of the Great Recession, retirement-minded Americans are feeling an unprecedented amount of futility. They are under-saved and — worse — see little reason to do anything about it. That’s the alarming conclusion in a new report from the Deloitte Center for Financial Services, which found that 60% of pre-retirees believe health care costs will consume their savings no matter how much they save. Similarly, 39% believe investment returns won’t be high enough to provide decent retirement income regardless of how much they manage to put away. Deloitte found exasperation at every turn: 58% don’t have a retirement plan; nearly 40% don’t know what an annuity or mutual fund is; and 20% expect to rely purely on Social Security for their retirement needs. More than half don’t trust anyone’s advice. (MORE: Avoid Getting Stung by the Affordable Care Act) Collectively, we seem to be throwing the towel. It’s not difficult to understand why, to be sure. After a sharp pullback ...
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Will Reform of Fannie and Freddie Kill the 30-Year Mortgage?
The sequester is all anybody wants to talk about. I get it: It’s the hip new crisis sweeping Washington. But remember Fannie Mae and Freddie Mac? You know, the once quasi-independent housing giants whose takeover by the federal government has cost taxpayers upwards of $190 billion thus far? Well, Fannie and Freddie are still owned by the federal government and, on top of that, are the only thing holding the U.S.’ badly battered housing-finance system together, as the Feds back 9 out of 10 mortgages issued today. But Congress and the President have been so bogged down in their never-ending budget battles that we’ve heard little from Washington on this subject in recent months. Until last week, that is, when the Bipartisan Policy Center — a think tank formed by former Senate Majority Leaders Howard Baker, Tom Daschle, Bob Dole, and George Mitchell — tried to bring this very important issue back to the fore by releasing a 131-page report on the future of housing policy in America. ...
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United States: Weekly Washington Healthcare Update: February 25, 2013 - McGuireWoods LLP
The HHS has finalized a rule establishing health insurance benefits that must be covered beginning in 2014, pursuant to the Affordable Care Act.
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