News That Matters

Tag: Higher

Fatal police shootings 40% more likely in states with higher gun ownership

Fatal police shootings 40% more likely in states with higher gun ownership

Health
The U.S. Constitution’s second amendment gives us the “right to bear arms,” but what if having a gun for protection is actually putting you more at risk of harm? A new study finds that a person’s chances of being involved in a fatal police shooting is higher in states with the highest rates of gun ownership, compared to those with the lowest. The study, from researchers at the Harvard T.H. Chan School of Public Health and Northeastern University found that people were 3.6 times more likely to be involved in fatal police shootings if they lived in the 10 states with the most guns — Alaska, Georgia, Idaho, Kentucky, Louisian, Missouri, Montana, Oklahoma, South Carolina and West Virginia — than if they lived in the five states with the least — Conne...
Why retirees' tax rates may be higher than they expect

Why retirees' tax rates may be higher than they expect

Finance
You may have stopped working, but Uncle Sam is still digging into your pocket. Though high-income retirees are looking forward to lower taxes once they've exited the workplace, they can still expect to pay stealth taxes in the form of Social Security income levies and higher Medicare premiums. "For a lot of retirees, the thinking is, Oh, they're retired and their tax bracket is going down," said William Reichenstein, professor emeritus at Baylor University. He led a discussion on tax-efficient withdrawal strategies in retirement at the Financial Plann...
Public pensions are paying higher fees for lower returns, Pew study finds

Public pensions are paying higher fees for lower returns, Pew study finds

Finance
Public pension plans are spending more than $ 2 billion a year in fees on high-cost, risky investments to boost returns. But those bets haven't been paying off, according a report Wednesday from the Pew Charitable Trusts. The higher cost comes as public pension fund managers try to make up for a steep shortfall brought by years of underfunding and lackluster investment returns. As of fiscal 2016, the latest data available, state pension funds tracked by Pew had a combined $ 1.4 trillion deficit – up $ 295 billion from 2015 and the 15th annual increase in pension debt since 2000. State public pension plans have assets of...
European stocks higher as traders digest comments from Fed's Powell; Metro up 12%

European stocks higher as traders digest comments from Fed's Powell; Metro up 12%

Finance
European markets opened in positive territory on Monday as investors reacted to comments from the head of the Federal Reserve on the U.S. central bank's policy-tightening path. The pan-European Stoxx 600 index traded 0.26 percent higher, with all sectors in positive territory. In the U.K., markets are closed due to a bank holiday. Looking across the benchmark, Germany's Metro Group was the top performer, after Ceconomy said it was in talks to sell most of its 10 percent stake in the German wholesale retailer. Shares of Metro Group jumped 12 percent during morning deals. ...
How to earn higher deposit rates

How to earn higher deposit rates

Finance
Traditional investors in bank fixed deposits are also buying into triple A-rated deposit-seekers such as HDFC, PNB Housing Fin, and Dewan Housing Finance, which now offer higher returns after the central bank raised the policy rates. Overall, companies have raised rates by 10-30 basis points on their fixed deposit plans that range from one to five-year maturities, dealers said. While DHFL took the lead by raising the rates immediately after the central bank policy announcement early August, PNB Housing Finance and Mahindra Finance are the two latest companies to offer more. HDFC raised rates for deposit plans more than Rs 2 crore. Mahindra Finance will increase rates by 30 basis points to offer 8% on one or two-year maturities. The new rates would apply from August 20. "Corporate fixed de...