News

"Till Debt Do Us Part"

By Rob Winters - Published on Monday, 19 September 2011 10:26

"Emilie Pooler's suspicions were aroused one night when she called her Lawrenceville, New Jersey, home and her husband, Paul Rybinski, didn't answer.

"I was with the girls visiting my family, and he was home alone," Emilie recalls. Later, when she did get hold of him and asked where he had been, he didn't lie. "Well," he said, "there's this woman whose husband died..."

Paul and Emilie both test developers at Education Testing Service in Princeton and parents to two young girls, consider themselves prudent by most standards. They agree on most financial decisions. They own a three-bedroom town house, never carry a balance on their credit cards and splurge only on vacations."

"Less Work, More Living"

By Rob Winters - Published on Monday, 19 September 2011 10:12

"Millions of Americans have lost control over the basic rhythm of their daily lives. They work too much, eat too quickly, socialize too little, drive and sit in traffic for too many hours, don’t get enough sleep, and feel harried too much of the time. It’s a way of life that undermines basic sources of wealth and well-being—such as strong family and community ties, a deep sense of meaning, and physical health."

"All credit ratings not created equal"

By Rob Winters - Published on Monday, 19 September 2011 10:07

"RICE U. (US) — At least one of the Big Three credit rating agencies exaggerated scores of private debt compared to public bonds during the last 30 years, research shows.

The study, published by the Social Sciences Research Network, adds to the current debate surrounding regulatory reliance on credit ratings and the current Securities and Exchange Commission proposal to standardize credit ratings across asset classes, especially in light of the recent downgrade of U.S. debt by Standard & Poor’s."

"Fists fly in a clash of Russian billionaires"

By Rob Winters - Published on Monday, 19 September 2011 09:57

"When Russian billionaires Alexander Lebedev and Sergei Polonsky were invited to take part in a television debate on the global economic crisis, some predicted the oligarchs’ discussion would be heated, but nobody counted on it literally coming to blows.

The former is a KGB agent turned media mogul, who owns a string of newspapers including The Independent and London Evening Standard."

"Where the income gap is rising the most"

By Rob Winters - Published on Monday, 19 September 2011 09:48

"Quick: what's the biggest criticism of the U.S. wealth structure? Surely, that'd be that, in a time of economic difficulty, the rich keep getting richer while the poor continue to suffer. CEOs make too much, and the middle-class is disappearing, right?

Well, right, but are income gaps in the U.S. really expanding at the rate we think they are? And, could the wealth disparity in Canada really be growing faster than its neighbours to the south? With data from the Conference Board of Canada, here are the ten countries where income gaps have risen the most since the mid-1990s."

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