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The Popular Investment No One Understands

Sat, 01/01/2011 - 10:08 by Amanda B. Kish

There have been a lot of financial losers in recent years -- underwater homeowners, debt-strapped municipalities, and even actively managed mutual funds. Investors who expected their managers to protect them during the financial crisis were sorely surprised, as the majority of active managers were caught flatfooted by the market decline. As equity funds dropped in value, many investors headed for the exits.

 

 

Boeing Is Building a Star Fleet

Sat, 12/25/2010 - 09:02 by Rich Smith

 According to the future history from Star Trek, Zefram Cochrane didn't perform the first "warp" spaceflight until 2063. Sadly, I suspect that few of my readers (and, almost certainly, Yours Fooly) will be around when commercial space routes to Alpha Centauri first begin. The good news, though, is that Boeing's (NYSE: BA) making good use of the 53 years it's been allotted to "make it so" ("it" being honest-to-goodness space travel). 

 

SpaceShipTwo designer Rutan retiring

Sat, 11/06/2010 - 07:51 by Prince damin

Mojave, Calif. -- Aerospace designer Burt Rutan, the man behind the SpaceShipTwo spacecraft destined to take tourists to space, has announced his retirement in California.

Rutan, 66, is the founder of the aerospace research firm Scaled Composites, located at the Mojave Air and Space Port in California, where he is currently chief technical officer, SPACE.com reported.

Subsequent to his retirement, Rutan will assume the title of founder and chairman emeritus.

Rutan has been in California's Antelope Valley for 45 years, initially first as a flight test engineer for the Air Force. In 1974 he started the Rutan Aircraft Factory to create experimental aircraft for homebuilders.

Social Security Program: Ways to Maximizing Retirement Benefits

Sun, 10/24/2010 - 12:30 by Anupreet Kaur

The government's social security program, has definitely made it is easy for the baby boomers to plan retirement.

Strike derails schools, services in France

Thu, 10/14/2010 - 02:32 by Prince damin

Paris -- Strikes in France interrupted services and schools Wednesday as organizers said 3.5 million protested a plan to raise the retirement age from 60 to 62.

The EU observer said police estimate 1.23 million took part in the protests, but a police union in Marseilles disagreed with that count. Members of the police force in Marseilles traveled to Paris to participate in the rallies there, the EUobserver said.

The general strike closed as many as 300 high schools with teachers barricading themselves into some buildings.

Red Wings' Maltby announces retirement

Wed, 10/13/2010 - 07:54 by Prince damin

Detroit -- Detroit Red Wings forward Kirk Maltby said Tuesday he is retiring from the NHL after a 16-year career.Detroit

Known as a "grinder" who used physical play to slow down opponents, Maltby won four Stanley Cups with the Red Wings and served on the team's famed "Grind Line" with Kris Draper and Joe Kocur.

Maltby, 37, missed the playoffs last year due to surgery on his arthritic shoulder after compiling six points over 52 regular-season games. He didn't earn a spot on the Red Wings' roster this year and was sent to Grand Rapids of the American Hockey League, but opted not to report.

Couples should discuss 'aging styles'

Fri, 09/24/2010 - 13:09 by Rakhi

Richmond, Va. -- U.S. adults approaching retirement should discuss their expectations and define their "aging style" with their partners, a financial firm suggests.

Colleen Goldhammer, senior vice president at Genworth Financial says couples are often surprised to learn that their spouses have vastly different views on what their retirement should involve.

A Genworth survey indicates 6 percent of Americans believe retirement will be a period of winding down, while 57 percent view it as an opportunity for a new exciting chapter in life.

Retirement Planning: Making Savings Last a Lifetime

Thu, 09/09/2010 - 12:16 by Amanjot Kaur

Retirement comes with a range of positive and negative possibilities. You have the power to ensure that your golden years remain golden.

Housing fades as an investment

Mon, 08/23/2010 - 22:44 by Prince damin

New York -- Banking on a home's rising value to fund retirement, a staple U.S. financial strategy for decades, may be a thing of the past, economists warn.

"People shouldn't look at a home as a way to make money, because it won't," said Dean Baker, co-director of the Center for Economic and Policy Research, The New York Times reported Monday..

Stan Humphries, chief economist at Zillow, an online real estate marketplace, said there was "no iron law that real estate must appreciate," an observation backed up by the burst bubble in the housing market that began in 2007.

Cubs' Piniella moves up retirement

Mon, 08/23/2010 - 10:34 by Prince damin

Chicago -- Chicago Cubs Manager Lou Piniella said Sunday he will retire immediately rather than wait until the end of the season as was originally planned.

Piniella said in a statement that Sunday's game between the Cubs and the Atlanta Braves would be his swan song, citing unspecified family reasons for the abrupt move.

"When I previously announced my intentions to retire at the end of the season, a primary reason for my decision was that it would allow me to spend more valuable time with my family," Piniella said. "That time has unfortunately gotten here sooner than I could have ever expected ... a family situation at home now requires my full attention."

5 Tips on Last Minute Retirement Planning

Thu, 08/05/2010 - 12:57 by Kimberly Reid

Road to retirement is not a smooth ride. Even if one starts early, issues like job loss, marriage, divorce, illness, mortgage payment, etc., take precedence, thus making retirement planning an arduous task.

Amanda Bynes unable to resist love for acting, unretires

Tue, 07/27/2010 - 16:57 by Silky Chandvani

Just after a month she announced quitting acting career on her official Twitter account, teen sensation Amanda Bynes has returned to her first love saying “she has changed her mind."