Obama administration

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  Labor Secretary Solis Resigns

  By Melanie Waddell, AdvisorOne  |  January 10, 2013

  Labor Secretary Hilda Solis announced Wednesday that she is resigning after four years in the Obama administration.

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  Obama’s Treasury Secretary Pick Is Said to Be Jack Lew

  By John Sullivan, AdvisorOne  |  January 9, 2013

  Nomination would signal White House intent to “keep Treasury close” to its sphere of influence.

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  Philanthropy’s Effect: Millions of Jobs Over Many Decades

  By Michael S. Fischer  |  December 28, 2012

  Grant making supports millions of jobs, produces billions of dollars in GDP, wages and tax revenues, according to The Philanthropic Collaborative.

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  Three Washington Heavyweights to Drive Advisor Agenda in ’13

  By Melanie Waddell, AdvisorOne  |  December 19, 2012

  Three key Washington heavyweights will have a crucial role in advisors’ lives next year: Elisse Walter, the new SEC chairman; Rep. Jeb Hensarling, the incoming House Financial Services chairman; and Phyllis Borzi, at the DOL’s EBSA.

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  Wealthy French, Average Americans, Continue to Flee High Taxes

  By Gil Weinreich, AdvisorOne  |  December 12, 2012

  While France’s most famous actor, Gerard Depardieu, is the latest person to flee the country because of a wealth tax set for 2013, new data from the U.S. Census Bureau suggests that ordinary Americans with average incomes continue to flee high-tax states.

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  Geithner: Ready to Go Over ‘Fiscal Cliff'

  By John Sullivan, AdvisorOne  |  December 6, 2012

  The treasury secretary didn’t mince words in an interview on Wednesday.

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  Where Have All of Britain’s Millionaires Gone?

  By Gil Weinreich, AdvisorOne  |  November 28, 2012

  That’s a question many Britons are asking now that new data show nearly two-thirds of the country’s million-pound earners have disappeared nearly one year after a tax hike on the nation’s highest earners.

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  Why Not Just Fall Off the Fiscal Cliff?

  By Joyce Hanson, AdvisorOne  |  November 20, 2012

  Contrarians and some politicos on both the left and the right have started to ask the forbidden question: Why not just fall off the fiscal cliff?

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  New Hire Roundup: Mullis Joins Securities America; BlackRock’s New Strategist

  By Marlene Y. Satter, AdvisorOne  |  November 20, 2012

  This week in new hires, Michael Mullis became a registered rep with Securities America; BlackRock named Russ Koesterich its new chief investment strategist; and Michael Davis left EBSA for Prudential.

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  PBGC Deficit Hits $34 Billion; Benefits Council Calls Number Misleading

  By Melanie Waddell, AdvisorOne  |  November 19, 2012

  The Council says ‘all pension fund liabilities—including the PBGC’s—are overstated by the historically low interest rates.’