Money market reforms will take effect on October 16th. Most of the changes are focused on institutional money market funds which will now have a floating Net Asset Value (NAV), but retail investor funds are seeing underlying shifts as well. Get a quick overview of these reforms and four important facts to know, here.
The Federal Reserve Bank of San Francisco puts you in charge of the never ending debate on "will they or won't they" raise the Fed Funds rate. Check out this link and you can Chair the Fed. You have one term to test your decision making and see if you get reappointed.
CNBC reports on the health of State pensions and the diagnosis is not good. Only two States have fully funded pensions and South Dakota is one of them. If you live in New Jersey your tab tops $10,000. Check out the story here and see what other states owe.
