National News
« Previous EntriesFriday, September 3rd, 2010
Bernanke finds lesson in crisis
By THE ASSOCIATED PRESS
September 03, 2010
WASHINGTON — Federal Reserve Chairman Ben Bernanke told a panel investigating the financial crisis that regulators must be ready to shutter the largest institutions if they threaten to bring down the financial system.
“If the crisis has a single lesson, it is that the too-big-to-fail problem [...]
6 Ways Retirees Can Beat Inflation.
Thursday, September 2nd, 2010by William Baldwin
Wednesday, September 1, 2010
Let’s say you have just retired and want to invest your savings to produce steady income. You could buy immediate annuities, which provide a nice payout since a lot of the money you get in the monthly checks is a return of principal.
Absent special provisions, annuities die when you do. [...]
Monday, August 30th, 2010
Stocks drop as investors enter week cautiously
Stocks fall as traders cautious ahead of monthly jobs report; personal spending inches higher.
Stephen Bernard, AP Business Writer, On Monday August 30, 2010, 1:01 pm EDT
NEW YORK (AP) — Stocks fell Monday after further signs of slowing growth added to caution ahead of the government’s crucial jobs report later [...]
Wednesday, August 25th, 2010
Harry Gross: Like stocks, real estate can be a risk
By Harry Gross
Daily News Personal Finance Columnist
Dear Harry: I lost quite a bit in the market washout a few years ago. I’m now pretty leery about the stock market. I have been looking into the real-estate market for rental properties. My thought is to buy now [...]
Capital Gains Exemptions.
Tuesday, August 24th, 2010Home sellers are always interested in their tax deduction options. If you recently sold a home without meeting the basic ownership and use criteria for waiving capital gains tax, you might still be able to claim reduced exemptions if you meet certain other criteria.
Homeowners who had to sell because of a change in place of [...]
Can You Afford to Retire Early?
Friday, August 20th, 2010by Mark P. Cussen CFP, CMFC
Friday, August 20, 2010
Early retirement has become the American dream for many workers, especially those who are very successful at their jobs and have accumulated sufficient assets and tenure with their employers to do so. Other workers who stumble into early retirement come under rather less pleasant circumstances, such as [...]
The wasted 4.44% mortgage rate.
Thursday, August 19th, 2010FORTUNE — It appears even the bright spots of this tired economy
are still working against heavily indebted homeowners. Mortgage rates have hit new lows nearly every week, but many borrowers are still unable to take advantage of them.
Like it is in so many parts of today’s sideways economy, relief is out of reach. Stimulus dollars [...]
New home construction rises, but outlook weakens.
Wednesday, August 18th, 2010By Julianne Pepitone, staff reporter
August 17, 2010: 9:22 AM ET
NEW YORK (CNNMoney.com) — New home construction ticked higher in July, but indications of future building were weak, the government said Tuesday.
Housing starts rose 1.7% from June to a seasonally adjusted annual rate of 546,000 last month, the Commerce Department said.
Economists were expecting housing starts [...]
What the Double-Dip Recession Will Look Like.
Monday, August 16th, 2010“Nearly two-thirds of Americans believe the economy has yet to hit bottom, a sharply higher percentage than the 53% who felt that way in January,” according to a recent Wall Street Journal poll.
A growing and vocal minority of economists believes that there will be a double-dip recession primarily because of the intransigence of high unemployment [...]
10 Best Places to Reinvent Your Life in Retirement.
Friday, August 13th, 2010Members of the massive baby boom generation have reinvented each stage of life as they passed through it. Their retirement years will be no different. Like previous generations, boomer retirees are going to take up new hobbies and volunteer. But those who didn’t save enough or choose to continue working will also start businesses and [...]
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