Personal Credit Crisis
Watching the news each day, we hear about the effect subprime lending has had on the market and the economy. The untold story seems to be the how and why those borrowers took out the subprime loans.
Capitalism's Future
The investment community is struggling with the issue whether capitalism will continue in its present form. Up to this point, winners of the 2008 Presidential election cycle have created more uncertainty than clarity. Look at these examples:
Social Security and Medicare
You may have heard in the news recently that the unemployment caused by the recession is draining the funds of both Social Security and Medicare. Less people employed means less withholding being paid into the funds. The fact that these government programs may become insolvent highlights the need for retirement planning at every age in life. The New York Times has a good article detailing the troubles of Social Security and Medicare: http://www.nytimes.com/2009/05/13/us/politics/13health.html?_r=1&scp=2&sq=Social%20Security&st=cseCharleston Financial on Channel 4 News
Diane Blackwelder was recently interviewed about the Al Parish proposed settlement on Channel 4 News: