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President Obama’s New Budget Proposal Could Assist Increasing Numbers of Americans Relying on Social Security

added: 17-02-2011

On Monday, President Barack Obama proposed an increase in funding by $1 billion to the Social Security Administration (SSA) as part of a 2012 budget proposal. The increased funding in the $3.73 trillion budget brings the SSA’s funding total to $12.5 billion. This funding boost will assist the number of older Americans who rely on Social Security, a number that has increased dramatically in the past decade—particularly among men—according to recent research from the Institute for Women’s Policy Research (IWPR).

U.S. Producer Price Index

added: 17-02-2011

The Producer Price Index for finished goods rose 0.8 percent in January, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This advance followed increases of 0.9 percent in December and 0.7 percent in November and marks the seventh straight rise in finished goods prices. At the earlier stages of processing, prices received by manufacturers of intermediate goods moved up 1.1 percent, and the crude goods index rose 3.3 percent. On an unadjusted basis, prices for finished goods advanced 3.6 percent for the 12 months ended January 2011.

Planning for the Unexpected is the Key to Financial Security in Retirement

added: 17-02-2011

While Americans think they may be planning for retirement, they may not be preparing for the unexpected events that may interfere with their plans, according to a new study produced by the MetLife Mature Market Institute. Such oversights may cost them, but for many it is not too late to make the necessary changes.

Record 2010 Sales and New Data from Northwestern Mutual Suggest Americans Have Embraced Insurance as the Foundation of Financial Planning

added: 17-02-2011

Northwestern Mutual announced today that sales of its risk products increased across the board and set company records in 2010. Additionally, new market research from the company reinforces evidence that Americans are increasingly embracing risk management, side-by-side with investing, as the foundation of their long-term financial planning.

China: Consumer Price Index (CPI) Increased in January 2011

added: 17-02-2011

In January 2011, consumer price index rose by 4.9 percent over the same period of the previous year. Of which, urban area and rural area was up by 4.8 percent and 5.2 percent respectively; the price of foodstuff, non-foodstuff, consumable and services expanded 10.3, 2.6, 5.0 and 4.6 percent respectively. Compared with December 2010, CPI increased 1.0 percent. The price of foodstuff climbed 2.8 percent, of which, that of fresh vegetables and eggs increased 14.4 and 2.3 respectively.

China: Producer Price Index (PPI) for Manufactured Goods Increased in January, 2011

added: 17-02-2011

In January 2011, Producer Price Index (PPI) for manufactured goods was up by 0.9 percent month-on-month and 6.6 percent year-on-year; purchasing prices for industrial producers rose by 1.2 percent month-on-month and 9.7 percent year-on-year.

U.S. Import and Export Price Indexes

added: 16-02-2011

The price index for U.S. imports increased 1.5 percent in January, the U.S. Bureau of Labor Statistics reported today, as higher prices for fuel and nonfuel imports each contributed to the advance. U.S. export prices rose 1.2 percent in January, following increases of 1.5 percent in November and 0.6 percent in December.

The Conference Board Leading Economic Index® (LEI) for France.

added: 16-02-2011

The Conference Board Leading Economic Index® (LEI) for France increased 0.8 percent and The Conference Board Coincident Economic Index® (CEI) increased 0.2 percent in December.

Industrial Production Down by 0.1% in Both Euro Area and EU27 in December 2010

added: 16-02-2011

In December 2010 compared with November 2010, seasonally adjusted industrial production fell by 0.1% in both the euro area (EA16) and the EU27. In November 2010 production rose by 1.4% and 1.2% respectively.

Euro Area GDP up by 0.3% and EU27 GDP up by 0.2% During the Fourth Quarter of 2010

added: 16-02-2011

GDP increased by 0.3% in the euro area (EA16) and by 0.2% in the EU27 during the fourth quarter of 2010, compared with the previous quarter, according to flash estimates published by Eurostat, the statistical office of the European Union. In the third quarter of 2010, growth rates were +0.3% in the euro area and +0.5% in the EU27.

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