Judie Wang

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5 Social Security Stats That Will Blow You Away

Social Security has been a key part of retirement security for decades. Yet there are some facts about the program that still surprise people. Below, you'll find five statistics about Social Security that many find shocking.<p><b>More people claim at their first opportunity</b> <br>More people claim Social …

Retirement

How you might beat the annuity actuaries

Life insurance and annuity companies have the big buildings for a reason: They know when you’re going to die. Or do they?<p>Knowing when you are going …

Google's self-driving cars involved in 11 accidents, director says

(Reuters) - Internet search company Google Inc’s self-driving cars have been involved in 11 accidents, but have not been the cause of any, over the last six years since the project began, the programme’s director said on Monday.<p>A team of drivers that is testing the fleet of more than 20 vehicles …

Enterprise Tech

Using iPads to pacify children may harm their development, say scientists

Children throwing tantrums should be given time to calm down on their own rather than distracted with tablets or smartphones, say researchers<p>It might be tempting to hand over an iPad to a screaming child when all else has failed to calm them down.<p>But child psychologists say it may be stunting …

Autism

The Russian economy minister said the Russian economy will shrink by 3% this year

The government previously predicted the contraction at 0.8 percent. Inflation predictions have also been revised for the current year from 7.5 percent to 12 percent, minister Alexei Ulyukayev said, news agencies reported.

Economy

Apple: what do you do after becoming the world’s most profitable company?

Its quarterly results stunned the tech industry – and its Chinese competitors, who have now been eclipsed in their home market. But reaching the financial pinnacle creates some questions – and even problems – of its own<p>When Apple became the most profitable company in history last week, analysts …

Angela Ahrendts

Greece on collision course with Brussels after Merkel backs hardline debt stance

Germany will resist Greek efforts to do deals with individual creditor nations, even as Syriza finance minister heads to meet French counterpart<p>Angela Merkel has ruled out the prospect of Greece securing further debt cuts from its creditor nations, potentially putting the country’s new leftist …

The world according to population size

You don’t need complicated software to make a fascinating map of the world.<p>Reddit user TeaDranks created this using none other than Microsoft Paint. It depicts countries according to their populations, with a single square representing 500,000 people.<p>The map is dominated by China and India, the …

Geography

U.S. Crude Oil Slips as Equities Rise, Dollar Firms

Oil prices fell on Wednesday after the U.S. government reported record-high crude inventories, but the market did not sell off as much as some thought as weekly supply builds were lower than an industry group had estimated.<p>The U.S. Energy Information Administration said domestic crude oil stocks …

American Petroleum Institute

Oil Drops More Than 1 Percent On Firm Dollar, U.S. Stock Build

SINGAPORE (Reuters) - Oil fell more than 1 percent on Wednesday as the dollar strengthened in early Asian trade, while an industry report showing a larger-than-expected rise in U.S. crude inventories also dragged on prices.<p>Crude futures settled up more than 2 percent on Tuesday when the dollar …

American Petroleum Institute
Mark Zuckerberg

Brazil's economy hurt by unknown cost of Petrobras' corruption

Brazil's economy took another hit Wednesday after its state-controlled oil company admitted it couldn't calculate how much money had been lost in a vast corruption scandal.<p>Petrobras, until last year Latin America's largest company by market value, released third-quarter financial results that were …

Latin America

How Obama's Tax Plan Will Redistribute Income from the Very Rich To The Poor

President Obama’s latest tax package, which he’ll unveil in detail next week along with his new budget, would lower taxes for low-income households and significantly raise taxes for the highest income 1 percent—those making $663,000 or more, according to new Tax Policy Center estimates. …

Retirement

How South Korea Can Maintain Its Strong Growth

But lately its economy has been faltering, with GDP growth averaging 3.6% for the last ten years - a significant drop from the 8.1% annual growth rate that prevailed in 1965-2005. And the OECD projects a further decline - to around 2.5% - in the coming decade.<p>But a forecast is not fate. With a new …

Economics
American Petroleum Institute
Economics

BP boss Bob Dudley: Oil prices 'low for up to 3 years'

<b>The boss of oil giant BP Bob Dudley has said that oil prices could remain low for up to three years.</b><p>He added that could send UK petrol prices below £1 per litre.<p>He told BBC Business editor Kamal Ahmed in Davos BP was planning for low oil prices for years to come.<p>That is expected to lead to job …

Collapsing Oil Prices Are Forcing Small US Producers To Shut Down Wells

HOUSTON (Reuters) - Collapsing crude prices are confronting scores of smaller U.S. oil producers with the grim choice of either shutting older high-cost wells or burning through cash in the hope of riding out the downturn.<p>As oil prices fell by more than half over the last six months from more than …

Oil

Canadian, World, Politics and Business News & Analysis

TRADE Canadian proposal to break auto deadlock in NAFTA talks has merit: Fiat Chrysler CEO Subscriber content<p>Business Briefing How U.S. became ‘the Wal-Mart of the oil market’ and an unprecedented threat to status quo Subscriber content<p>Poloz unsure if more rate hikes are to come in 2018<p>Trump in …

Business (Canada)

Energy companies boost profits despite gas price cuts, warns energy watchdog | Business | The Guardian

Critics brand revelation the final straw for consumers with Ofgem calling on competition watchdog to take widening profit figures into account<p>Energy companies are using the falling price of gas to increase their profits to £114 a household despite a recent wave of price cuts, the industry watchdog …

At Davos, the Rich and Powerful Pay $43 for a Hot Dog

World Economic Forum