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“WELL-INFORMED, well-educated consumers can create economic ripples” according to Jeanne M. Hogarth of the US Federal Reserve Board in her paper, Financial Education and Economic Development presented at the 2006 Financial Literacy International Conference.
MALAYSIANS may soon have two initiatives that will heighten their opportunities to make and save more money for retirement and old age – the new minimum retirement age for private sector employees at 60 years old and a Private Retirement Scheme (PRS) is expected in the fourth quarter of 2012.
WASHINGTON: The US deficit is shrinking considerably more quickly than previously thought, the congressional budget office said in a report that could sap congress’ sense of urgency to find further budget savings.
NEW YORK: Spain blinked. And Wall Street jumped. The U.S. stock market ended Friday's session with its best weekly gains of the year in a rally late in the day after sources told Reuters that Spain was expected to ask the euro zone on Saturday for money to bail out its troubled banks.
LOS ANGELES/ SAN FRANCISCO: When Twitter goes public in coming weeks, one of the biggest winners will be a 47-year-old financier who guards his secrecy so zealously that he employs a person to take down his Wikipedia entry and scrub his picture from the Internet.