Wednesday, April 14, 2010

Hot Business News 14.04

The New Features in Your 401(k)
Employers are adding investment advice, target-date funds and automatic enrollment to 401(k) plans, according to new Charles Schwab data.

A Primer on Buying Life and Disability Insurance
What sort of insurance you need in the event of untimely death or disability depends on what your objectives are.

Minting Bank Lobbyists on Capitol Hill
Migration has grown from Congress to financial firms that are trying to stave off greater federal regulation.

Big Banks Draw Profits From Microloans to Poor
Microfinancing has grown so popular that some of its proponents are wringing their hands. Larger banks now dominate, often charging high interest.

US import growth outpaces exports
The US trade deficit widened in February as the post-crisis rebound in imports continues to outpace export growth.

Export boost narrows UK trade gap
The UK trade deficit narrowed in February, official figures show, helped by a strong rise in goods exports.

Renters Insurance - Five Tips To Pay Less | Senior Citizens And Inexpensive Auto Insurance | Affordable Auto Insurance For High Risk Drivers

Generation B: Three Merchants Beat the Recession by Selling to Kids
A clothier, art framer and computer-services provider learn that people always spend on their children.

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Alumni Offer Goldman Advice on Helping Small Businesses
Ex-Goldman Sachs employees are sharing their ideas about what their old firm can do to help small businesses.

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Tuesday, April 13, 2010

Insurance News 13.04

According to the Wall Street Journal, General Motors will increase its annual sales in China to three million vehicles by 2015. This is just the latest evidence that China’s automotive market is growing faster than that of the U.S.

China overtook the U.S. last year as the world’s largest auto market with the help of government incentives, the Journal reported. China’s vehicle sales rose nearly 50% to 13.6 million last year.

While auto liability is compulsory, drivers aren't required to purchase coverage that protects personal interests. The state isn't concerned with how someone replaces their vehicle or pays personal medical expenses that result from their actions.

Antagonists may counter that banks require collision coverage. But the banks aren't government. Banks are lien holders with vested interests in the collateral. Thus borrowers are required to protect their vehicles. Once loans are repaid banks have no interest in the vehicles and the insurance requirement disappears.

Renters Insurance - Five Tips To Pay Less | Inexpensive Car Insurance For Older Citizens

The company and its chairman, George Joseph, have donated more than $7.2 million to state political campaigns in the past decade. In 2009, Mercury donated $13,000 to the gubernatorial campaign of Attorney General Jerry Brown but has not donated to Poizner's campaign for governor.