Dartmouth, D-H Expected to Detail Geisel Restructuring
Hanover — Uncertainty continues regarding the restructuring plan that Dartmouth College is developing for its Geisel School of Medicine, where annual budget deficits had been headed toward $30 million. There is particular worry over the fates of the unspecified number of faculty and staff whose jobs will be eliminated . Some employees may be laid off. Others expect to be hired at Dartmouth-Hitchcock, the medical system that is...
Despite Endowment, Challenges Abound
At first glance, Dartmouth-Hitchcock, a medical system with net assets of $410 million at the end of last fiscal year, seems an unlikely cavalry to be riding to the financial rescue of a medical school whose parent — Dartmouth College, please don’t call it a university — finished the year with net assets of $5.33 billion. But such simple comparisons don’t provide especially useful benchmarks to outside observers as they watch the...
Consumer Confidential: Government May Soon Begin Putting an End to Forced Arbitration Clauses
If you’ve got a credit card, you’ve been forced to kiss away your constitutional right to sue the card issuer. But it’s looking increasingly likely that this is about to change. The Consumer Financial Protection Bureau is examining so-called arbitration clauses in terms and conditions for financial products. Earlier the month, the head of the bureau, Richard Cordray, sent the strongest signal yet that the regulatory whip soon will...
5 Ways to Boost a 401(k)
Since the advent of defined contribution plans 30 years ago, the responsibility of saving for retirement has fallen largely on employees’ shoulders. Many employers are freezing or terminating costly pension plans in favor of 401(k)s and similar plans, according to a Prudential Financial Inc. survey. If you’re looking to catch up or get ahead on saving for retirement, there are steps you can take to do that, including the five that...
Older Workers Feeling Spooked By Stock Swoon
As the economy struggled to take off in the years after the financial crisis, Americans had at least one shining source of optimism: a booming stock market that not only helped rebuild shattered 401(k) plans but suggested better times to come. But now, with the economy still mired in a sluggish recovery, that silver lining is being threatened. The stock market is lurching downward after a flat 2015 and large banks are casting...
