Global markets have been slumping since Standard & Poor’s downgraded the U.S. AAA credit rating on Aug. 3, 2011 but niche funds that specialize in mortgage-backed bonds are maintaining gains. Those funds are mortgage-backed securities exchange-traded funds (MBS ETFs), which invest in highly liquid Fannie Mae and Freddie Mac loans that consist of pools of individual residential mortgages.
John Rogers' father was a Tuskegee Airman and circuit court judge in Chicago while his mother, Jewel Lafontant, worked for the Republican administration of President George H.W. Bush as the deputy solicitor general after being the first African-American woman to graduate from the University of Chicago law school. Rogers himself is a Democrat who supported President Obama but doesn’t allow politics to influence his decisions about investing.
Some of the perks that Americans can enjoy by retiring in Costa Rica, Panama City, Panama or Nicaragua include lower priced organic fruits and vegetables, affordable delivery services and a deeply discounted full time housekeeper or gardener.
Read Newsmax: The Truth About Retirement in Central America | Newsmax.com
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Ivy League law professor Lynn Stout founded the nonprofit Ethical Shareholder Initiative to revolutionize share voting in a way that will drive a sustainable corporate ecosystem.
Stout also authored the book "The Shareholder Myth." But on April 16, 2018, she died of cancer at 60 years old.
Stout’s final literary work, "Citizen Capitalism: How a Universal Fund Can Provide Influence and Income to All," was celebrated at the Cornell Club of New York in Manhattan.
Mike ‘The Situation’ Sorrentino used to earn up to $48,000 for making personal appearances at nightclubs, bars and liquor stores. The reality television personality gained fame on “The Jersey Shore,” which first appeared in 2009 on the MTV network. But on Jan. 15, Mr. Sorrentino surrendered to the Bureau of Prisons to serve time for conspiring to defraud the U.S. after allegedly failing to properly pay taxes on income of $8.9 million from 2010 to 2012.
“No matter what your stature is in our s...
What started as a support group for women employees at JPMorgan Chase has become so successful that it’s being extended to the general public nationwide in the form of $10 billion in credit for women entrepreneurs until 2021.
The multi-billion-dollar, three-year commitment is significant given that female start-up founders gained only $1.9 billion (or 2%) of the $85 billion total invested by venture capitalists last year, according to data released by venture capital research company PitchBook.
Hispanic-Latino Americans are ripe for the advisory market, according to a new study. A Bank of America “Better Money Habits” report found that 84 percent of Latino Americans want to continue to build financial know-how compared with only 69% of non-Hispanics. While 73 percent check their account balances, 53% track their expenses and 31% plan a budget, the topics they are most interested in include investing, becoming better at saving and preparing for retirement.
When Joseph Church used the internet to book a hotel room at the Hyatt Regency for a two-night family vacation in Orlando, Florida, he paid $108.68 in taxes and fees. The South Carolina resident believes so strongly that $38.71 was falsely charged that he filed a class action complaint, alleging that illegal taxes and fees are being applied to every transaction booked through Reservations.com that uses Expedia’s room inventory.
“The tax overcharge practice occurs throughout the United States ...
It used to be that attorneys were hesitant to sue a cruise line because of general maritime law, but attorney Jim Walker set a new trend in the 2010 case Charlene Johnson v Royal Caribbean involving waivers of liability and on board activities that today include skydiving simulators, biking above the ocean and simulated surfing.
In a 2005 study of CEO employment contracts at U.S. corporations, only three out of 375 cited sexual harassment as grounds for termination. The whistle blowing that was sparked by the Weinstein case in 2017 has brought reputational risk to the fore, with potentially severe financial consequences.
This story is based on a session titled “The Me-Too Movement: A Shareholder Perspective,” with Deborah Elman, a director of plaintiff advocacy firm Grant & Eisenhofer, as moderator.
The federal court’s determination will rest on whether it’s proven that Nicki Minaj inhibited the ability of Tracy Chapman to earn income from her 1988 hit single “Baby Can I Hold You.” That’s also a hurdle that songstress Beyonce faces in Knowles-Carter et al v. Maurice et al filed in the New York Southern District Court against copycat fashion clothing label Feyonce.
Some 1.5 billion teachers, administrators, bus drivers and other professionals who have retired from the Texas public school system are benefiting from securities litigation abroad.
That’s because their institutional investor, the Teacher Retirement System of Texas (TRS), is actively participating in class action lawsuits that are resulting in multi-million dollar settlements in places like The Netherlands.