At a conference at Harvard Law School called "Money as a Democratic Medium," law professors debated the origins, purposes, and rightful ownership of money in the modern era. (Photo: Bil Lewis portraying President James Madison, at the conference.)
Increases in the federal funds rate of 25 basis points were associated with a 4.2 percentage point larger overall decline in dollar credit for emerging market firms than for developed market firms, according to new research.
An additional year in early retirement increased a man’s probability of death before age 73 by 1.85 percentage points and reduced the age at death by an average of about 10 weeks, according to researchers.
The standard Medicare Part B monthly premium for 2019 will, for most individuals, be $135.50. Single beneficiaries with incomes over $85,000 and married couples with incomes of over $170,000 will pay a higher Part B premium, based on a sliding scale, as required by the Medicare Modernization Act
'The Fed, it is to be hoped, is finally coming clean on the perils of asset-dependent growth and the long string of financial bubbles that has done great damage to the US economy over the past 20 years,' writes the former chairman of Morgan Stanley Asia.
'With these charges against JPMorgan, the SEC has now held all four depositary banks accountable for their fraudulent issuances of ADRs into an unsuspecting market,' said Sanjay Wadhwa, Senior Associate Director of the SEC’s New York Regional Office.
Transamerica is sued by its own 401(k) participants; ETFs added $47 billion in November; Alight and Advizr in financial wellness partnership; AIG buys UK group life company.