Monitoring the world’s leading media. The main world news and events of the hour, today. Only Verified Information. World News. Currency News…

New retirement withdrawal rule could backfire in costly way

A new law increasing the age you must withdraw from your retirement accounts may come with some unexpected and expensive consequences. Retirement legislation President Biden inked in December pushes the age that retirees must start taking required minimum distributions, or RMDs, from IRAs, 401(k)s, and 403(b) plans, to 73 this year, up from 72. That will bump up higher to […]

Read more

Oxfam calls for 'billionaire-busting' policies, says the world's top 1% has been getting richer much faster than everyone else

The top 1% has garnered two-thirds of the $42 trillion new wealth created since 2020, per UK non-profit Oxfam. But at least 1.7 billion workers live in countries where inflation outpaces wages. Oxfam's calling on governments to impose much higher taxes on the super-rich to redistribute wealth. Governments around the world need to reduce the number of ultra-wealthy people by […]

Read more

Massive 6.2 magnitude earthquake shakes Indonesia

Indonesia hit by 6.2 magnitude undersea earthquake A magnitude 6.2 earthquake shook western Indonesia on Monday morning There were no immediate reports of serious damage or casualities Indonesia is frequently hit by earthquakes, volcanic eruptions and tsunamis An undersea earthquake shook part of western Indonesia on Monday morning, but there were no immediate reports of serious damage or casualties. The magnitude […]

Read more
1 120 121 122 123 124 1,485