August 12, 2019

PERSONAL FINANCE, FINANCIAL WELLNESS, ANNUITIES, TAXES & FINANCIAL LITERACY

• Generation X Faces Tough Finances in Sandwich Years
• Who’s Helped By Federal Interest Rates Cut? Start With Millennials ;  The overspending millennial: How to overcome your FOMO ; Got FOMO? Americans Spend More in Summer
• IRS delivers ‘game changer’ for fee-based annuities ; Annuity Suitability Working Group Tries to Get Out of the Parking Lot
• How Financial Services Companies Can Better Serve Millennials ; Does Financial Wellness Even Work?
• Estimating Your Retirement Income ; Spending safely in retirement: Why it is important
• Economics for Educators Institute prepares educators to teach financial literacy ; The number of older Americans filing for bankruptcy has surged by up to 300%
• 84% of borrowers say student loans are tanking their retirement savings  
• Is Your Local Real Estate Market On The Rise? Eight Signs To Watch For ; Should I refinance my mortgage while rates are low? 
• Finra Panel Rules Against Schwab
• Warning donors about possible charitable donation scams

HEALTHCARE & WELLNESS

• 50 years ago healthcare was a gig economy leader. So, what happened?
• CEOs willing to pay millions to secure cybersecurity talent ; What are the cybersecurity challenges facing the healthcare sector?
• New fears about drug prices ; Where Tourism Brings Pricey Health Care, Locals Fight Back
• Your Apple Watch Could Soon Detect Early Signs of Dementia
• Wearable devices and the revolution of cardiology via continuous care, remote monitoring
• The Economics Of Biologic Drugs: A Further Response To Bach et al.
• Largest health system investors in hedge funds, 2019

TECH, MEDIA & SOCIAL MEDIA

• New York Fire Department warns 10000 patients about potential data breach ; Credit Card Data Breaches: How to Handle Them ; IBM-Ponemon Study Highlights Rising Cost of a Data Breach
• The Black Hat cybersecurity conference app has a cybersecurity problem ; Turns out your office printer is a huge cybersecurity risk
• Not All Robocall Blocking Apps on Your iPhone Can be Trusted
• Roku users surge past 30 million ; Tiny Roku Fends Off Amazon and Thrives by Selling Ads
• Amazon investigating claims its Chinese supplier used illegal child labor to make Alexa devices

401k, 403b, 457b, NONQUALIFIED, STATE-RUN PLANS & LITIGATION

• Privacy: The Next Retirement Plan Frontier
• What Is the Most Accurate Participation Rate for Retirement Plans?
• Trading in 401(k)s spiked in trade-dispute-fueled market swoon
• Vendor Fees: The Importance Of RFPs ; Report Says Rocky Road Ahead for Recordkeepers
• Texas 403(b) law causes adviser concern over investor protection ; Kaleida Health ERISA lawsuit can proceed, judge rules ; Feds mulling involvement in CalSavers lawsuit

PENSIONS

• Pension Agency Paints Grim Picture for Multiemployer Pension Program ; Retired Teamsters wait for Congress to act on wobbly pension fund
• Underfunded Public Pensions Put Future Taxpayers on the Hook ; NIRS: No money saved for 4 states that shifted to DC from DB plans ; Lower Interest Rates Continue to Plague DB Plan Funded Status 
• NM pensions could see sweeping changes
• The MTA wants to pull pensions from LIRR overtime abusers
• Bills would adjust michigan pension plans
• Alabama Pension Funds Star in IPic Theater Bankruptcy
• Public employees file suit to overturn lawmakers’ pension changes
• NYC Pension Funds Beats Target, Returns 7.24% in 2019
• Oklahoma Police reports 4.24% return for fiscal year
• With California’s Public Pensions, Nothing Exceeds Like Excess
• Sweeney Supports Ban on Public Pension Investments in Gun Industry
• Unions approve new contract that averts strike at GE Healthcare
• Pastor Triumphs Over Pa. Church Congregants’ ERISA Suit 

INTERNATIONAL

• Removing the ‘motherhood penalty’ from pensions
• Brazil pension reform debate expected to widen in Senate 
• Denmark Hits Pensions With Tax Fraud Claims In $2B Row
• Canadian Defined Benefit Pension Plans Post Modest Gains In Q2 2019
• Household savings rate in SA actually zero

MARKETS

• Wholesale inflation dead in the water, PPI shows ; Consumer Confidence Drops Most in 10 Months ; US Recession Odds Climb as Economists Cut Growth Estimates
• US yield curve sends strongest recession warning since 2007  ; The Non-Weirdness of Negative Interest Rates ; Explaining the ‘New Normal’ for Interest Rates 
• Bitcoin and Gold Are Monuments To Irrationality
• Oil Rebounds From Near 2019 Lows ; US natural gas demand is at a record – and prices keep dropping ; Gasoline prices are down another five cents a gallon
• Japan’s GDP thumps forecasts on robust consumer, business sectors
• China Goes Big on Commodities Purchase Amid Shifting Trade War
• UK Economy Shrinks as Brexit Uncertainty Soars

ALTERNATIVE INVESTMENTS

• Advisers may not be equipped to help clients navigate private markets
• A $30 Billion Exodus Puts Hedge Funds for the Masses to the Test ; Hedge Fund Managers With ‘Skin in the Game’ Outperform —But They’re Also Less Likely to Take Your Money
• Debt deals dress up unusual private equity assets ; Young Turks: Experts look into private equity deal challenges ; CalPERS considers board confidentiality rules ahead of private equity rollout
• Why do Crypto-Related Surveys in the US Paint Different Pictures? ; Congress takes an interest in cryptocurrency — what could possibly go wrong? ;  More States Add Cryptocurrency Twist to Marketplace Sales Tax Laws; Serious Security Warning Issued For World’s Biggest Bitcoin And Crypto Exchange, Binance