U.S.
Pension Funds Chasing Yields Eye Catastrophe Bonds
Pension funds are turning to specialist bonds that bet on the likelihood of a natural disaster, in a search for yield and returns that are not correlated to the rest of the market. What was once ...
Global Crowdfunding Volumes Up 81% In 2012; More Than Half From U.S. Websites
Crowdfunding websites helped companies and individuals worldwide raise $2.7 billion from members of the public in 2012, an 81 percent increase on the previous year, data showed on Monday. As banks ...
Trying to Fix Broken Economics: Kaletsky
Here is a list of economic questions that have something in common: In a recession, should governments reduce budget deficits or increase them? Do zero percent interest rates stimulate economic ...
New York Mortgage Lender Charged with Defrauding Government Insurer
The United States last Thursday sued a New York mortgage company it said defrauded the federal government into insuring poor quality home loans, costing taxpayers millions of dollars. In a civil ...BP to Appeal ‘Absurd’ Oil Spill Claims Payments
A U.S. judge's ruling Friday against BP Plc means the company can proceed with its appeal of the way a court-appointed administrator apportions payments for claims related to the 2010 Gulf of Mexico ...
Deadly New Bird Flu Shows Value of Controversial Research
Scientists in the Dutch city of Rotterdam know precisely what it takes for a bird flu to mutate into a potential human pandemic strain - because they've created just such mutant viruses in the ...
‘Black Swan’ Hedge Funds Losing Favor with Investors
Hedge funds set up to profit from huge market slides are falling out of favor, signalling that investors are increasingly confident leading central banks can avert the kind of meltdown that followed ...
How American Families Deal with Financial Shock, Unemployment
A new study from The Pew Charitable Trusts, "Making Hard Choices: Navigating the Economic Shock of Unemployment," examines how American families cope with unexpected financial setbacks and how those ...