As primary contests across the U.S. continue to dominate the headlines, the presidential elections are rated one of the top three trends that will impact both financial advisors’ and individual investors’ approach to investing in 2016, according to a recent survey commissioned by Jefferson National and conducted by Harris Poll. Presidential elections are also rated… Keep reading →
CSRA Inc. (NYSE:CSRA) today announced that it has completed its separation from CSC (NYSE: CSC) and is now an independent public company trading on the New York Stock Exchange (“NYSE”) under the ticker symbol “CSRA.” Additionally, CSRA completed its planned combination with SRA International, Inc. (SRA). This morning, members of the CSC and CSRA leadership… Keep reading →
It’s fair to say that John Lehman is the most influential Navy Secretary of the last half century. Under President Ronald Reagan, Lehman “had an almost revolutionary impact on the Navy,” according to naval expert Norm Polmar. Lehman drove hard and pushed to build what has become known as the 600-ship Navy. Lehman knows how a… Keep reading →
ARLINGTON: No one knows what the 2016 budget is really going to be. In fact, no one can even plan properly for what it might be, the highest-ranking budgeteer in Army uniformmade clear this morning. The uncertainty is coming at the Pentagon from two sides at the same time. On the demand side, there’s… Keep reading →
Travelers this summer may pay $25 to check a bag, $75 to change a reservation, or upwards of $100 for more legroom. But those fees could pale in comparison to the costs airlines are putting on taxpayers in 37 states. A new report and website, 12billion.org, released today calculate that in total airlines get tax… Keep reading →
Ever since the great financial crisis, financial reformers have pushed banks to prevent future taxpayer bailouts by adopting “bail-in” mechanisms. One increasingly popular strategy, encouraged by the Basel III framework for banking regulation, is for banks to issue “contingent convertible” bonds that convert to ordinary stock if the bank’s capital reserves get too low. It’s… Keep reading →
Remember the 80s? Big hair, Dynasty, Huey Lewis was popular for some reason. Well, Judge Jed Rakoff remembers the 80s, and he also remembers the way the federal government used to actually investigate and prosecute people who committed massive financial crimes — Mike Milken, Ivan Boesky, Charles Keating, a bevy of other savings and loans… Keep reading →
Before the Federal Open Market Committee began pretending to kick around the idea that maybe it might actually begin to cut its bond buys now, rather than, say, in the future, Ben Bernanke and co. threw themselves a little birthday party featuring the Beard’s only two surviving predecessors, to commemorate the signing of the bill… Keep reading →
JPMorgan Chase & Co. announced today that it has reached a $13 billion settlement in principle negotiated by the President’s RMBS Working Group of the Financial Fraud Enforcement Task Force. Today’s settlement resolves actual and potential civil claims by the Department of Justice (DoJ), several State Attorneys General (State AGs), the Federal Deposit Insurance Corporation… Keep reading →
Janet Yellen’s comments at her confirmation hearing to become Federal Reserve chairman reverberated beyond the Senate Banking Committee on Thursday, and could influence the planning and decision making of nearly two-thirds of the nation’s CFOs and finance chiefs. Sixty-one percent of senior Chartered Global Management Accountant designation holders surveyed by the American Institute of CPAs said the comments and… Keep reading →