As the summer travel season approaches, air travel provides a barometer for the health of the U.S. economy — and airlines report they're having a good year. After years of financial troubles, industry representatives hope U.S. travelers are more willing to fly. NPR senior business editor Marilyn Geewax explains what summer travel tells us about the health of the economy.
You could end up with a lot less savings at 65 than you ever anticipated because of fees charged by the financial institutions managing your retirement accounts. Robert Hiltonsmith, who researches retirement security, says those fees were disclosed to 401(k) plan participants until only recently.
S&P says Berkshire Hathaway has an "excellent business profile," but that its dividend income is too dependent on the insurance companies it owns. The move is not expected to have much, if any, effect on Buffett's company.
Japan has embarked on a massive effort to stimulate its economy. Both the government and the central bank are collaborating to end a long period of stagnation and deflation. But the effects are also being felt outside Japan.
The Atlantic Hurricane season starts in just a few weeks. With sequestration, the National Weather Service has ordered furloughs and a hiring freeze that have left vacancies throughout the agency, including the National Hurricane Center. Florida's governor and others are wondering if that will affect the state's ability to prepare and respond to a storm.
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