Word: thirdly
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...section 529 of the Internal Revenue Code, these plans can be a terrific tax-advantaged way to save for college, but many of these accounts have been seriously thwacked in the bear market. As of Feb. 28, half of 529 portfolios had one-year returns of -30%, and a third had returns of -40% or less, according to Morningstar, which tracks the performance of over 3,600 plan portfolios. In some cases, 529 investors may not have been well informed of the risks. On April 13, the state of Oregon sued the managers of its 529 plan, OppenheimerFunds, alleging that...
...created by a noted artist. Open the magazine in the sun and Yoko Ono's black-and-white image transforms into color. It's unique and not something that can be reproduced on the Internet. Charging 20 bucks for a magazine that used to cost less than a third of that price is new territory. It remains to be seen if Worth is going to be worth...
...burden on the government, another blow to the optimism of the general population, and another man or woman who is no longer a consumer and may not be able to make mortgage payments. The pace of that trend does not mean much until net new jobs are being created Third, and finally, real estate prices are falling and the rate at which people are losing homes or are going into default plumbs new depths with each set of new numbers...
...hard. Hamamatsu has 18,000 Brazilian residents, about 5% of the total in Japan, and is home to the nation's largest Brazilian community. After immigration laws relaxed in 1990, making it easier for foreigners to live and work in Japan, Brazilians have grown to be the country's third largest minority, after Koreans and Chinese. But as jobs grow scarce and money runs out, some Nikkei ironically now face the same tough decision their Japanese relatives did 100 years ago, when they migrated to Brazil...
...Japan can scarcely afford to lose part of its labor force, or close itself off further to foreigners. Japan, with its aging population that is projected to shrink by one-third over the next 50 years, needs all the workers it can get. The U.N. has projected that the nation will need 17 million immigrants by 2050 to maintain a productive economy. But immigration laws remain strict, and foreign-born workers make up only 1.7% of the total population. Brazilians feel particularly hard done by. "The reaction from the Brazilian community is very hot," says a Brazilian Embassy official...