Global financial markets are feeling quite apprehensive these days. Three of the four risk appetite indicators that Credit Suisse tracks are in panic territory, and the fourth is fairly close to it. But as is so often the case, the stampede is happening a little late – a reaction to a growth scare from five months ago, rather than a reflection of the future that leading indicators foretell.
For those employees with a defined benefit pension plan, the ride ahead looks enjoyable; for those with a defined contribution plan the ride will be less enjoyable while those without a pension plan, start saving.
Those differences result from the type of pension funds being offered by employers, and the difficult challenge for the investment managers to generate the benefits that have been promised.
Malpasse (Haiti) (AFP) - Jules Mismac, a Haitian living in the neighboring Dominican Republic, was arrested under a tough new immigration policy, then left at the border to start life over from scratch.
Thousands of Haitian migrant workers cross the border to the Dominican Republic each day, in the hopes of working their way out of extreme poverty and homelessness.
After five years of aid to Haiti since the 2010 earthquake, the Dominican government is beginning to crack down on undocumented immigrants.
Santo Domingo (AFP) - The Dominican Republican braced for a direct blast from Tropical Storm Erika Friday, issuing its highest alert after reports the storm killed at least 20 people on the small island of Dominica.
MONTREAL — An 82-year-old Quebec man has been arrested in the Dominican Republic for the alleged sexual exploitation of children.
Quebec provincial police say they arrested Joseph-Charles-Philippe Cote and escorted him back to Canada on Thursday.
Cote had been the subject of a Canada-wide arrest warrant since Feb. 8. A report in a Dominican newspaper says he was arrested in Sosua, in the Puerto Plata region.
Cote is expected to be formally arraigned in Montreal this afternoon.
By Marco G.:With a new year blooming the general stock markets appear to have shaken off the uncertainties with Europe and the recession fears of last year. The large-cap S&P 500 (SPY) has gained about 20% since the October lows.