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Economic Stimulus Plan
36% of adults lack retirement savings, including many 65 or older
More than a third of American adults have no retirement savings, and 14% of those ages 65 and older also haven’t put money away yet, according to a new study. The low savings rate for people at or approaching retirement age is alarming, said Greg McBride, chief financial analyst for Bankrate.com, which conducted the survey. The results were released Monday. About a quarter — 26% — of those ages 50 to 64 haven't started saving for retirement, the survey said; the figure was 33% of people 30 to 49 years old. Overall, 36% of those 18 years or older have not started saving for retirement, according to the survey of 1,003 adults. “They still have time to start,...
Related "Economic Stimulus Plan" Articles
36% of adults lack retirement savings, including many 65 or older
More than a third of American adults have no retirement savings, and 14% of those ages 65 and older also haven’t put money away yet, according to a new study.The low savings rate for people at or approaching retirement age is alarming, said Greg...
Five years later, White House and critics fight over stimulus law
WASHINGTON – Five years after its passage, White House officials and their Republican critics are still fighting over the merits of President Obama’s economic stimulus law.
Later this week, Obama will mark the fifth anniversary of signing the American...
Ex-congressman and veteran makes his peace in North Korea visit
SAN FRANCISCO — For decades, former eight-term Bay Area Rep. Paul N. "Pete" McCloskey Jr. has dreamed of a Korean War battle moment he cannot shake: Peering into a trench he sees the terrified faces of his teenage opponents, clutching wicker...
Economic stimulus was too small from the start, thanks to GOP
This week marks five years since passage of the American Recovery and Reinvestment Act -- President Obama’s economic stimulus plan -- and it has been either a great success or an abject failure, depending on who is doing the assessment.
Folks at the...
VA scandal fits an established Obama narrative: skilled politician, lousy manager
We don't normally expect our presidents to pay close attention to how long veterans are being asked to wait for care in the vast medical system run by the Department of Veterans Affairs.
But we do expect presidents to appoint Cabinet officers and other...
Obama to nominate Janet Yellen to lead Federal Reserve
WASHINGTON — President Obama will nominate Janet L. Yellen to be the next head of the Federal Reserve, the White House said Tuesday. If confirmed, the former UC Berkeley economist would become the first woman to lead the world's most powerful central bank...
El Super employees want fair wages, sick leave and respect
On Tuesday, Oct. 22, Flora Castaneda marched in Inglewood. She marched with hundreds of fellow El Super grocery store employees, supporters and clergy, at a labor rally in the parking lot of the El Super at West Century and Crenshaw boulevards.
And...
Bernanke leaves legacy of stimulus and stagnation
WASHINGTON — As Ben S. Bernanke walks away from the Federal Reserve's marble headquarters on the Mall after presiding over his last policy meeting Wednesday, he will leave behind a bittersweet legacy.
On one hand, his unprecedented efforts to drive...
Arlen Specter dies at 82; longtime senator was a political maverick
WASHINGTON — Arlen Specter, who in 30 years representing Pennsylvania in the Senate offended Republicans and Democrats in almost equal measure with maverick votes and a frank cockiness that finally ended his career in politics, died Sunday at his home...
Buyers finally stormed back into the Treasury bond market on Wednesday, grabbing yields that had surged in recent days to the highest levels since last spring. The Treasury’s auction of $24 billion in 10-year notes lured a wave of investors, ...
In a series of recent conversations with The Times' Scott Kraft, Irvine Co. Chairman Donald Bren talked about his company and his life. Some excerpts: On federal government steps to stimulate the economy, including the recent Federal Reserve plan known ...
The U.S. economy’s outlook has “improved considerably,” but not enough to give the Federal Reserve a good reason to pull back soon on monetary stimulus, the head of the central bank’s New York branch said Monday. William Dudley’s detailed comments ...
Federal Reserve Chairman Ben S. Bernanke said Tuesday that a sustained rise in prices for oil and other commodities would threaten the economic recovery, but that even with the turmoil in the Middle East he did not expect inflation problems ...
A new statewide survey of environment issues conducted by the Public Policy Institute of California found more residents favor climate change policy, want to cut greenhouse gas emissions and believe they are already experiencing the effects of global warming.
Plans for nearly 5,000 new homes ringing the Orange County Great Park won preliminary approval from a divided Irvine City Council last week. Council members voted 3 to 2 last Tuesday night to OK general-plan and zoning changes as well as $40 million in park in
The stock market rallied broadly Wednesday as investors pinned their hopes on the economic stimulus plan that President Obama is expected to unveil tomorrow night. The Dow Jones industrial average soared more than 275 points and yields on Treasury bonds rose
Democrat Obama doesn't actually have the costs yet, but he wants Congress to pass his plans right now.
Fears that the European debt crisis may be coming to a head drove down stock markets around the world. The market declines were driven largely by reports out of Germany that indicated leaders there are preparing for Greece to default ...
Solyndra: Two Democratic lawmakers want to question Solyndra investors about the solar company's collapse.
President Obama's latest deficit-reduction plan includes more than $1.5 trillion in tax increases over 10 years, with most of the increase coming at the expense of taxpayers making more than $200,000 (as individuals) or $250,000 (as couples). So, more of ...
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