Research
Retail Sales Higher than Expected in September Reflecting Consumer Confidence
U.S. retail sales rose 1.1 percent in Sept. according to data released on Monday from the Commerce Department, totaling $412.9 billion. The growth is better than expected and good news for the economy, since consumer spending accounts for about 70 percent of the country's total economic growth.
Public Pension Funds Accurately Reporting Shortfalls Despite $300 Billion Discrepancy
Although a new study by one of the world's largest actuarial firms, Milliman, found the 100 largest pension funds are underreporting their unfunded liabilities by about $300 billion, a spokeswoman for the firm said the amount was "insignificant." Large public funds remain skeptical of private equity.
Tons of Unexploded Bombs, Missiles and Mustard Gas Off Coasts of 16 States
An estimated 200 million pounds of explosives have been dumped in the world’s oceans, according to researchers from Texas A&M University.
Venture Capital-Backed Companies with Women Execs More Likely to Succeed
A recently released study by Dow Jones finds that venture capital-backed companies with female executives are more successful than those with only men in senior executive roles.