Category Archives: On Our Radar

Congress Is Keen On Killing Auto IRA Plans

During the Obama administration, the states are encouraged to create auto IRA programs that enable employers without a retirement plan to deposit a part of the workers’ paycheck automatically into a retirement account. Currently, five states are pursuing this initiative. It is a voluntary program, allowing employers to choose whether they want to contribute. The… Read More »

German Exports Rebound, Post Six-Year-High Rise

Data show German exports experienced their highest rise in over six years in August, potentially cooling fears over a slowdown in the world’s third largest export economy. Germany recorded a 5.4 percent increase in seasonally-adjusted exports in August, according to Federal Statistics Office data released on Monday. The rise exceeded figures forecast by analysts and… Read More »

Tim Kaine Supports CFPB’s Payday Loan Proposal

Tim Kaine is backing the Consumer Financial Protection Bureau (CFPB)’s attempt to rein in the payday loan industry with the very first federal regulatory framework for short-term, high-interest loans. The Virginia Democratic Senator and Vice-Presidential candidate wrote in a letter to CFPB director Richard Cordray that he supports the proposal. He averred to the consumer… Read More »

Verizon Reportedly Wants a Price Cut on Yahoo Deal

Verizon had been widely reported to be interested in acquiring Yahoo, but it appears that a possible deal now hangs on an agreement of a discounted price with the popular Internet company. People familiar with the matter told the New York Post that the leading telecommunications company now wants a slash of about $1 billion… Read More »