U.S. Investing

Standard & Poor's Is Giving More Favorable Ratings Than Its Rivals On Mortgage-Backs; NY Times Questions Whether Agency Is Repeating Mistakes That Helped Cause The Global Financial Crisis

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Standard & Poor's, a government-recognized agency for rating securities, has been giving higher ratings than its big rivals on some mortgage-backed securities.   Just five years after the mortgage crisis helped trigger a global financial crisis that brought the world's financial systems to the edge of collapse, and as Wall Street is eagerly trying to revive the market for these investments, S&P is essentially being accused by The Times of returning to its old ways.

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Americans Have Raised The Bar On What It Means To be Wealthy

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Are you wealthy if you have $1 million? How about $2 million? The majority of investors define wealth as having no financial constraints on what they do. But when asked to assign a dollar amount to being wealthy, they say the number is $5 million.   That’s one of the fascinating findings of a just-released report on affluent investors from UBS Wealth Management. Only 10% of those surveyed said being wealthy means “never having to work again” and another 10% said being wealthy means “ensuring a comfortable lifestyle for the next generation, while 50% of those su

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Standard & Poor's Upgrades Outlook For U.S. Credit Rating

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Standard & Poor's, which downgraded the U.S. credit rating nearly two years ago, said Monday it was more optimistic about the nation's long-term fiscal situation and had removed the negative outlook from the rating.

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Budget Office Cuts Estimate Of Nation’s 2013 Deficit By 24%

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The nonpartisan Congressional Budget Office has slashed its projections of the current-year fiscal deficit because of bigger-than-expected tax receipts and payments from Fannie Mae and Freddie Mac.  

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The SEC "Likes" Facebook; Agency Says Public Companies Can Make Disclosures Via Social Media, As Long As They First Disclose Which Social Sites They Will Use

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For anyone thinking this whole social media thing wouldn’t last, the Securities and Exchange Commission today issued some surprising news: public companies can disclose material information on social media sites as long as they first publicly declare which social sites they will use.

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