KeatsConnelly Cross-Border Weekly Best of the Web 2014-6-20

web-search-greyEvery week we share news stories, blog articles and other interesting stuff from around the web that received the most views, shares, comments and overall interest on various KeatsConnelly social media outlets.

This week we highlight an article reviewing the position some investment brokers are taking on consumer protections, a piece looking at the future of credit cards in the United States and a review of real estate in various cities around the globe.

Brokers Fight Rule to Favor Best Interests of Customers (http://www.nytimes.com/) – David O’Brien, a certified financial planner, has tried to repair the retirement portfolios of several victims over the years. There was the high school science teacher who didn’t realize she had been sold a variable annuity, where layers of incomprehensible fees devoured nearly 2.5 percent of her retirement savings each year. Then there was the woman fighting cancer, who was also sold a high-cost annuity, but whose underlying investments were tied up in a money-market type fund — one that cost 1.5 percent annually…

Chip-and-pin credit cards: Think of a number (http://www.economist.com/) – LATE next year Americans, and foreign business travellers in America, can expect to see a big change at every retail establishment they visit: new chip-and-pin credit-card readers that require customers to enter a pin, rather than sign a receipt, to confirm a transaction. The readers will be paired with a new wave cards that include microchips, rather than the easier-to-copy magnetic strips that dominate in America today. Instead of transferring an entire credit card number during each transaction, the new cards will generate unique authorisation codes. The goal is to reduce fraud…

Best Cities for Long-Term Real Estate Holdings (http://www.fa-mag.com/) – Cities that have been around for centuries, if not millennia, have taken a lot of punches. And like Weebles, they might wobble but they don’t fall down. But for modern real estate investment purposes, it might help to rethink cities based on the notion of resiliency. As defined by Grosvenor, a global, privately owned property group, resilient cities are those able to thrive in the face of unprecedented challenges such as climate change, population growth and globalization. And to its reckoning, North America scores best when it comes to having resilient cities…

Come back next week for more interesting news and articles. Enjoy your weekend!

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