Labor Department rule sets new standards for retirement advice
In April 2015, Sheryl Garrett, founder of the Garrett Planning Network, Inc., said without the long awaited rule from the Labor Department, many workers and retirees would be "vulnerable to brokers who are not legally obligated to put their client's best interests first." (U.S. Department of Labor) The Labor Department announced sweeping rules Wednesday that could transform the financial advice given to people saving for retirement by requiring brokers and advisers to put their clients’ in..>> view originalNorth Korea animated video shows devastating attack on Seoul
This video released by DPRK Today shows an animated depiction of a missile attack on South Korea by the North. (North Korean propaganda) North Korea has released a new video that imagines a devastating attack on the South Korean capital, Seoul. The video, which was released on a North Korean state website Monday and is titled, "If the ultimatum goes unanswered," shows missiles attacking sites in Seoul, including the Blue House, the official residence of the South Korean president. "Everyt..>> view originalMore relatives of China's top leaders implicated in Panama Papers
Chinese President Xi Jinping. (Pool photo by Dennis Brack via European Pressphoto Agency) Family members of at least eight of China’s current and former top-ranking political leaders appear in the Panama Papers as owners or shareholders of secretive offshore companies, according to reporting and documents published Wednesday by the International Consortium of Investigative Journalists. The ICIJ is one of the publications that is reviewing the 11 million documents leaked from a Panamanian la..>> view originalWhy GOP nominee Ted Cruz should worry 2016 Republicans, too
After winning the April 5 Wisconsin primary, Ted Cruz appeared to reach out to the GOP establishment – and ask for its trust. (Peter Stevenson/The Washington Post) Conventional wisdom says vulnerable Senate Republicans would like to share the ticket in November with anyone but Donald Trump. But the apparent replacement choice, Sen. Ted Cruz (Tex.), might not be much better for them. It's hard to imagine a more far-right presidential candidate than Cruz, who has shown little to no willingne..>> view originalWhite House: $589M to go to fight Zika virus
FILE - In this April 1, 2016, file photo, Centers for Disease Control and Prevention Director Dr. Thomas Frieden speaks during a news conference at a Zika summit in Atlanta. Congressional officials say April 5, the Obama administration has decided to transfer leftover money from the largely successful fight against Ebola to combat the growing threat of the Zika virus in Puerto Rico, the Southeast U.S., and Central and South America. Most of the $600 million or so would be devoted to the Cent..>> view originalPolice Search National Arboretum, Body of Water for Relisha Rudd
D.C. Police Chief Cathy Lanier announced plans to search the National Arboretum and a body of water Wednesday for Relisha Rudd, the D.C. girl who vanished from a city homeless shelter over two years ago. (Published Wednesday, April 6, 2016)Police in Washington, D.C., are searching the National Arboretum in their renewed efforts to find 8-year-old Relisha Rudd, who vanished from a city homeless shelter over two years ago.Police Chief Cathy Lanier said search teams spent Wednesday combing through..>> view originalSwiss police raid UEFA over TV deal with indicted executives
GENEVA (AP) - UEFA was raided by Swiss police on Wednesday and handed over evidence of a Champions League television rights contract with an offshore marketing agency implicated in the FIFA bribery scandal.The Swiss attorney general’s office said it requested raids on the European soccer body and “another enterprise” for suspected criminal mismanagement and misappropriation linked to dealings with Cross Trading, an offshore registered agency. Cross Trading is owned by two men indicted last year ..>> view originalNorth Carolina's Republican Party has declared war on itself
(Takaai Iwabu/AP/News & Observer) On Tuesday evening, North Carolina's Republican Party fired off a curious press release to reporters. There had been a "planned website attack and other gross violations of party rules," it claimed. And then it pointed the finger directly at the man they put in charge of the party: North Carolina GOP Chairman Hasan Harnett. The party released documents accusing Harnett of "apparent unethical and potentially illegal behavior," including trying to hack a party..>> view originalThe case against Bernie Sanders, according to Barney Frank
Rep. Barney Frank (D-Mass.) in 2007. (Susan Walsh/AP) It didn't take long for Bernie Sanders, who was new to Congress in 1991, to frustrate the very people with whom he might have collaborated. "Bernie alienates his natural allies," then-Rep. Barney Frank (D-Mass.) told the Los Angeles Times just months after Sanders first took federal office. "His holier-than-thou attitude — saying in a very loud voice he is smarter than everyone else and purer than everyone else — really undercuts his effe..>> view originalRebounding oil prices calm global markets
A planned $160 billion merger between pharmaceutical giants Pfizer and Allergan is dead in the wake of new Treasury Department rules designed to crack down on tax inversions. (Brendan Mcdermid/Reuters) Rallying oil prices and insight that the Federal Reserve is wary of rushing another interest rate hike drove up U.S. stocks after a quiet day on the Asian and European markets. U.S. stocks saw a bump after the minutes were released in the afternoon, coming out of a two-day downturn. The Dow..>> view original
Wednesday, April 6, 2016
Labor Department rule sets new standards for retirement advice and other top stories.
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