SURVEY: FED BEHIND THE CURVE, HAS TOO MUCH POWER: The Federal Reserve is viewed as having too much influence on capital markets and is seen as behind the curve when it comes to interest rates, according to a new online Wall Street survey. Read more
PENSION ADVANCE SCAMS: Here’s the pitch: Convert tomorrow’s pension into hard cash today. The FTC warns that these advances come at a very steep price and you are often required to buy a life insurance policy – with the pension advance company as the beneficiary – to keep the payments coming. Read more
WEALTH GAP: The gap between the wealthiest and the poorest Americans widened over the past decade, according to a new report from the Census Bureau. It also grew between younger and older families. Read more
NEAR 2,000 S&P KNOCKS OUT 28TH RECORD CLOSE OF 2014: Read more