BBC Business Headlines

Goldman Sachs fined £20m by FSA
Wall Street banking giant Goldman Sachs is fined £20m by the UK's financial watchdog, the BBC learns.

Rig firms hit back at BP report
Contractors who worked for BP on the ill-fated Deepwater Horizon oil rig criticise the company's report into the Gulf of Mexico oil spill.

Shoppers turning to card payments
The number of cash machines in the UK has fallen and withdrawals have dropped as shoppers turn to cards, figures show.

Empty shops highlighting 'divide'
The number of shops closing in Britain is slowing but a north-south divide has emerged, a survey by retail analysts the Local Data Company suggests.

US economic growth 'decelerating'
US economic growth showed "widespread signs of deceleration" in August, says the Federal Reserve's Beige Book.


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NY Times Economix

Nearly 5 Jobless Workers Per Opening in July
That's a better ratio than what the economy showed earlier this year, but it still shows persistent softness in the United States labor market.

The Thoughtful Roar of the Housing Bears
Bloggers expand on the case for gloom in the real-estate market.

What We're Reading: Lying Pants
Links from around the Web.

New York State Still Has Highest Unionization Rate
A new report looks at the organized labor in the Empire State and around the country, and how its size and composition have changed over the years.


Paul Krugman
For Douglas Holtz-Eakin
When your day is done ...Read more...




Buy the Book


Cash-Rich Retirement: Use the Investing Techniques of the Mega-Wealthy to Secure Your Retirement Future
by Jim Schlagheck

Published by St. Martins

Read Excerpt
Listen to podcast interview:
Cash-Rich Retirement, as seen on the public television series Retirement Revolution, brings the investing strategies of the mega-rich to everyday people. It breaks with conventional advice that tells the public to invest mightily in stocks, flip holdings, and seek capital gains. Hogwash! Says private banker and investment advisor Jim Schlagheck. Forget speculative "gains." Invest instead for prudent income. Save. Build a "life-cycle" annuity package for lifetime retirement income. Focus on dividend-, interest-, and rent-producing investments and insurance.

Cash-Rich Retirement is provocative and practical. Schlagheck makes private-banking investment strategies available to any investor. His income and annuity strategies are unique. He also puts retirement within reach of today's average American with six straight-shooting, show-me-the-money steps:
  • Change your "automatic pilot."
  • Diversify your holdings in radically different ways.
  • Build out your investment plan with funds and objective research.
  • Get all the professional help you can.
  • Build income streams with a ladder of annuities.
  • Invest in long-term health care insurance

pub date: 2008-03-04 | hardcover | 9780312377403