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Pensions must change, starting with MPsTHE present pension system is not acceptable and has to change.
Scotsman Saturday, August 08, 2009Short-term woes prompt renewed focus on the future
THE financial crisis may have wreaked havoc on retirement plans, but the wake-up call has jolted savers into action, research published today claims.
Scotsman Saturday, August 08, 2009Bankruptcy rates soar among Scots
THE number of Scots being made bankrupt has soared by a third in the past year - but worse is to come as the personal debt crisis continues to unfold, experts have warned.
Scotsman Saturday, August 08, 2009Saudi gets AA rating from Standard and Poor's
Standard & Poor's Ratings Services has affirmed its 'AA-' long-term and 'A-1+' short-term foreign and local currency sovereign credit ratings on the kingdom of Saudi Arabia, with outlook stable. The ratings were attributed to the government's robust external and fiscal positions, and 'exceptional amount of fiscal flexibility'. [AMEInfo.com]
AME Saturday, August 08, 2009Tadawul market closes flat
The Saudi Arabian Tadawul market, the only GCC stock exchange which is open on Saturdays, started in a bullish mode but then declined during the session and eventually added 7.39 points only, closing at 5,777.38 points. Market bellwether Sabic closed flat at SR70.25. The insurance sector index posted the largest advance (up 1.32%) with Saqr Insurance emerging as the top gainer (9.80% higher at SR70.00). [AMEInfo.com]
AME Saturday, August 08, 2009Understanding the Amazon Tax
States across the US are dealing with budget shortfalls and a popular new law that seems to be spreading is what the New York Post has called the "Amazon Tax". To help understand the concept, let's start with Max who lives in California and wants to buy a new flat screen television. Max goes down to Walmart, finds the perfect TV and pulls out his credit card. Included in the purchase prices of Max's new TV is sales tax which Walmart collects and sends on to the state of California.
E-Zine Saturday, August 08, 2009U.S. bank failures rise to 72 in 2009
Regulators on Friday shut three banks in Florida and Oregon, bringing the number of U.S. bank failures to 72 for the year.
Market Watch Saturday, August 08, 2009
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