Many investors are panicking. From its peak in March 2000, the major market indexes still show significant losses. Even looking back over the past 10 years provides little comfort. The news media is calling it “the lost decade.”

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The proposal for privatizing Social Security is simple but elegant. Allow younger workers to deposit part of their Social Security taxes into a private account. If it produces a better retirement than Social Security, they can refuse Social Security and keep the private account. Otherwise they can take Social Security. Given my expected rates of return, putting just a tiny fraction of my withholding into a private account will do better than getting a negative rate of return in Social Security, even using the poor rate of return to where the market bottomed.

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“With the economy what it is, people are looking for value and service,” Seminole Square Giant store manager Soumera Sayasithsena.. “Whoever provides that best, that’s where people are going to shop.”

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If you think the $700 billion bailout of the mortgage crisis was expensive, wait until we need to bail out Social Security. Between 2037 and 2075 the Social Security program is projected to run deficits totaling $30 trillion. And annual shortfalls are projected to start as soon as 2017.

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“The dollar today is what the penny was to the grandparent’s generation,” said Marshal Cohen, an analyst for the research firm NPD Group. “When you can get something for a dollar and it works, people get excited.”

When a hurricane threatens, making a plan and gearing up for emergencies is imperative. Economic emergencies happen too, but it may be less obvious how to prepare. Here are seven steps you should take to weather any financial storm.

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A weekly listing of property transfers and building permits in and around Charlottesville.

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BRIC nations have surpassed expectations. The original Goldman Sachs analysis projected the four economies would comprise over 10 percent of the global output by the end of the decade. A year and a half early, they comprise nearly 13 percent.

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