IMF sees 2016 negative growth for Latin America, Caribbean + MORE Jan 23rd

LOS ANGELES, Calif. – Viacom Inc. says CEO Philippe Dauman’s compensation rose 22 per cent to $54.2 million in the company’s latest fiscal year, a period when its stock fell more than 40 per cent.
The disclosure in a securities filing Friday includes a $17 million contract-renewal bonus that the company didn’t mention in a pre-release of executive pay details Wednesday. Viacom’s earlier statement showed a 16 per cent compensation decline for Dauman when the signing bonus was not included.
The New York-based owner of Nickelodeon, MTV, Comedy Central and Paramount Pictures pre-released executive pay data after a shareholder lawsuit alleged company was overpaying controlling shareholder Sumner Redstone. It showed Redstone’s compensation in fiscal 2015, which ended in September, declined 85 per cent to $2 million from $13 million in fiscal 2014.
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Financial planners are notorious for preaching the value of solely traditional investments—but investing should also include non-traditional options like education, health and family time. “These are areas you need to invest in as well, perhaps at the expense of financial independence,” says Toronto fee-only planner Jason Heath. “After all, what’s the sense of busting your tail to retire at 50 if you’re unhealthy and unhappy?” he asks. “In particular for those with young children, remember: they’re only young for so long.”
Investing in a family vacation, taking time off, or cutting out of work early—these are all good reasons to give up financial investments in exchange for experiences that create great memories with family and friends. In fact, psychologists have demonstrated that even stressful experiences (ever taken an international flight with a four-year-old?) ultimately deliver more long-term happiness than material objects, when we reflect on them…

WASHINGTON – The International Monetary Fund is forecasting that the economies of Latin America and the Caribbean will maintain this year the same overall 0.3 per cent negative growth seen in 2015.
Alejandro Werner is the IMF’s chief economist for Latin America. He says it will be the first time the region has seen two consecutive years of economic contraction since the external debt crisis of 1982-83, which gave rise to the so-called lost decade.
Werner said Friday the negative outlook is based on economic difficulties in Argentina, Brazil, Ecuador and Venezuela, while most other countries in the region should post moderate growth.
He said falling commodities prices have resulted in some $200 billion in losses for export earnings in Latin America’s seven leading economies.
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“Postmedia’s results following its April 2015 acquisition of the Sun Media assets have been worse than we expected,” Peter Adu, an analyst with the debt rating agency, said in a release Friday