16Feb
Alicia Munnell is a Harvard-trained economist. She served as an assistant secretary of the Treasury and is regarded as one of America’s foremost experts on 401(k)s. You’d think she’d be terrific at managing her own retirement, but even she has to fess up to some mistakes. “When my son got married, I took some money out of my plan to help,” says Munnell, who heads Boston College’s Center for Retirement Research (CRR). “And I ended up paying a 10% penalty and taxes.”
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16Feb
Russia’s industrial output sank 19.9% in January from the month before as the sector was hit hard by the economic downturn.
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16Feb
Oil prices rise after the International Energy Agency says there could be supply shortages next year once demand picks up.
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16Feb
China warns against protectionist measures by other countries, amid fears such action could aggravate the economic slump.
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16Feb
Chinese firm Minmetals offeres to buy debt-laden Australian miner Oz Minerals for 2.6bn Australian dollars ($1.7bn, £1.2bn).
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16Feb
Japan’s economy contracted by 3.3% in the final quarter of 2008 - its worst showing since the oil crisis of the 1970s, figures show.
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15Feb
Is innovation creating a cashless society in the UK?
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15Feb
A prison turning drug dealers into legit businessmen
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15Feb
Downturn hits ski bookings in spite of perfect snow
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15Feb
Lord Adair Turner, chairman of the Financial Services Authority, admits that the regulator failed to spot that the banking system was too risky.
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