What is the buzz about target-date funds?

The Internet is buzzing with retirement planning news lately. So much has written about target-date retirement funds in the US and they are approaching one trillion dollar mark. The target-date funds are specific in that they are intended to cater to a group of people who will be retiring at a certain age and date. […]

Netflix flexing its muscles

Netflix is making headlines again. It will raise its monthly fee for service by $1 a month for new customers in the near future. News of a price hike will create a glut of new customers to beat the clock. Netflix was experiencing seven percent customer growth for each quarter prior to the announcement. It […]

So, the debate on minimum wage continues in the US

President Obama wants to increase the Federal minimum wage to $10.10 an hour by 2016. Several Nobel Prize winning economists and several other prominent economists have urged the Congress to increase the Federal minimum wage to $10.10 an hour. The median fulltime wage in the US stands at $19.55. Any increase in Federal minimum wage […]

It is getting bit harder to get a new mortgage

On January 10, 2014, the U.S. Consumer Financial Protection Bureau introduced new rules concerning mortgages. New regulations were a direct result of the adoption of Dodd-Frank Wall Street Reforms and Consumer Protection Act imposed by the Congress. It calls for lenders to make reasonable and good –faith efforts to determine borrower’s ability to repay the […]

The minimum wage battle continues in the U.S.

The President Obama sponsored a bill recently calling the Congress to adopt a $10.00 an hour Federal minimum wage by 2015 which is more than what he proposed during his 2013 State of the Union address. Republican controlled House and critics of raising minimum wage were quick to reject the idea but the President is […]