June 28, 2013 |
DAKAR, Senegal - President Obama on Friday touted his vision to reduce hunger in Africa and the developing world by injecting new business and science initiatives into farming. The president emphasized food security while touring Dakar, Senegal's capital, saying far too many people on the continent endure poverty and chronic hunger. He also announced that Senegal had become the 10th country to join the New Alliance for Food Security and Nutrition, a Group of 8 plan that has seen $3.7 billion pledged in private investments in Africa.
June 21, 2013 |
Dear Liz: My husband and I have three children, two in elementary school and one in middle school. Through saving and investing, we have amassed enough money to pay for each of them to go to a four-year college. In addition, we have invested 15% of our income every year toward retirement, have six months' worth of emergency funds and have no debt aside from our mortgage and one car loan that will be paid off in a year. Considering that we have all the money we will need for college, should we move this money out of an investment fund and into something very low risk or continue to invest it, since we still have five years to go until our oldest goes to college and we can potentially make more money off of it?
June 20, 2013 |
A once-notorious building on Hollywood Boulevard next door to where ABC's "Jimmy Kimmel Live!" television show is broadcast has been sold to a Maryland real estate investment firm. The three-story retail and office property, built in 1921 and across the street from the historic TCL Chinese Theatre, has had a rise, fall and comeback fitting for a Hollywood tale. Once known as the Seven Seas building for the nightclub it housed, 6904 Hollywood Blvd. enjoyed popularity in the mid-20th century but fell far and hard in the 1980s and 1990s when scores of businesses departed Hollywood and the neighborhood earned a reputation for being disreputable and even dangerous.
June 17, 2013 |
Fullscreen, a digital media company that has built one of the largest network of channels on YouTube, has closed a round of Series A funding with backing from heavy hitters in the traditional entertainment world - the Chernin Group, Comcast Ventures and WPP Digital. The parties refused to disclose the size of the investment, which is believed to be in the "eight-figure range. " "We think there's tremendous opportunity in the digital media space to build a truly next-generation global media business," said Fullscreen Founder and Chief Executive Officer George Strompolos.
June 13, 2013 |
Renewable energy investments are heading toward developing countries that want to transition from pricey fossil fuels, a report said. China led the way with $67 billion spent on solar, wind and other clean energy projects, more than half of the total $112 million spent in 2012 among emerging nations, according to Bloomberg, citing the United Nations. That's rapidly catching up with the $132 billion shelled out last year by developed nations such as the United States and Britain. And of the 138 countries that have set renewable energy goals, one-third are developing nations, the report said.
June 11, 2013 |
The trial of George Zimmerman, which opened with jury selection Monday, will address the legal charges against the former neighborhood watchman in the death of Trayvon Martin. But long after the jury reaches its verdict, what happened in Sanford, Fla., on the evening of Feb. 26, 2012, will continue to be litigated in living rooms, barrooms and Internet chat rooms. That is partly because the evidence is ambiguous and only one of the two men who clashed that night is still alive, but it also reflects the fact that so many Americans have invested themselves emotionally in one of two competing narratives about what occurred.
June 7, 2013 |
Dear Liz: My husband and I have been putting 5% and 6%, respectively, into our 401(k) accounts to get our full company matches. We're also maxing out our Roth IRAs. The CPA who does our taxes recommended that we put more money into our 401(k)s even if that would mean putting less into our Roth IRAs. We're also expecting our first child, and our CPA said he doesn't like 529 plans. What's your opinion on us increasing our 401(k)s by the amount we'd intended to put into a 529, while still maxing out our Roths, and then using our Roth contributions (not earnings)
June 7, 2013 |
Are you ready to bet that the great housing recession is finally over and that values are rising again? If so, some of the nation's largest institutional investors are ready to roll the dice with you. Pension funds, endowment portfolios and the like don't typically invest in residential real estate, which is the world's largest asset class. But given their long-term horizons, housing is considered a natural fit. And now there's a new investment vehicle that aligns their stash of cash with creditworthy home buyers.
June 6, 2013 |
It was hailed as a crowning achievement for Los Angeles in the early 1970s - an indoor shopping mall that filled an entire downtown block and also boasted a plush hotel and a high-rise office building. For years, tourists flocked to the premier address. These days, however, Macy's Plaza has devolved into a dated, downscale relic and gets little love, even at the busy intersection of 7th and Flower streets. The mammoth complex can reclaim star status, its new owner said, but only after several multimillion-dollar improvements and radical surgery to open its fortress-like exterior.
June 6, 2013 |
The Soviets put guns before butter, but we put almost everything before guns. " - Margaret Thatcher, January 1976 When Margaret Thatcher made the above observation in a speech that earned her the title "Iron Lady" from the Soviet army newspaper, she noted that the Soviet Union was spending 20% more each year than the United States on military research and development, 25% more on weapons and equipment and 60% more on strategic nuclear forces....