Struggles, Skirmishes and Glitches Galore
It’s summertime, and the livin’ ain’t easy.
Although anemic job numbers were released last Friday, Fed Chief Ben Bernanke questioned the significance and accuracy of the numbers and said it may not mean the economy was slowing and gave no indication he planned to take special action to revive it. In fact, a week later, unemployment claims were shown to have dipped.
Want More?Survey Says, Americans Wealthier, but Not Necessarily Happier
A deal is in the works to aid Spain’s struggling banks, but Europe’s fourth-largest economy is pushing back against any deal terms that are too onerous–and it can: The country is too big to fail and too big to bully, giving it leverage in the talks. Meanwhile, in order to stimulate its lagging economy, China cut its interest rate–making it easier for people to borrow money and spend.
Nasdaq announced it would set aside $40 million to appease investors angered over technical glitches that confused investors during the Facebook IPO. And speaking of glitches, professional networking site LinkedIn had a major security breach, compromising 6.5 million passwords. (Check here to see if your password was among them.)
In other tech skirmishes, Apple requested a ban on sales of Samsung’s new Galaxy S III smartphone, accusing the Korean electronics maker of infringing on patent rights. Google expanded its mapping service in anticipation of competition from Apple. And Foursquare announced a Yelp-like service that will allow users to make recommendations.
What We Can Learn From Would-Be Retirees
The plight of the Baby Boomers is an unfortunate example of how even the best-laid plans can go wrong due to circumstances beyond our control. Find out what you do to safely prepare for your retirement.
The Paycheck Fairness Act Failed. Should We Panic?
On Tuesday, the Senate voted down the Paycheck Fairness Act. Sounds bad, doesn’t it? We explain what it was meant to do, why it didn’t pass and what it means for women who are (still) paid less than men.