Archive for December, 2008
Monday, December 15th, 2008
Fannie Mae announced Sunday that renters don’t have to fear eviction if their landlords get foreclosed. The loan association has reworked policies to allow tenants that are up-to-date on their rent to remain in their homes even after the foreclosure is underway. It’s a move that falls in line with ...
Posted in General, debt, finances, lending, money, real estate | 4 Comments »
Friday, December 12th, 2008
With their multi-million dollar corporate sponsorships, state-of-the-art stadiums, and record-breaking contracts, it’s easy to understand why there’s the misconception that the major sports leagues of America – namely Major League Baseball, the National Basketball Association, and the National Football Association – have built up a sort of immunity towards the ...
Posted in business, finances, money | 2 Comments »
Thursday, December 11th, 2008
CNN Money has published reports that the national unemployment rate continues to climb. Currently the figure stands at 6.7%, and there’s no sign of greener pastures in the coming months.
The announced loss of 553,000 jobs in the month of November alone comes along just as America faces the longest recession ...
Posted in economy, money | 3 Comments »
Wednesday, December 10th, 2008
Illinois Gov. Rod Blagojevich was arrested early Tuesday morning on charges that he had conspired to profit from Barack Obama’s recent presidential election, among other charges. He’s being held in custody with his chief of staff, John Harris, who faces similar charges.
A news briefing held by U.S. Attorney General Patrick ...
Posted in financial fraud | 1 Comment »
Monday, December 8th, 2008
A TransUnion report published Monday revealed that 53% of homeowners whose interest rates were modified earlier this year ended up defaulting within six months regardless of the adjustment. The report findings come from a surveyed 60% of those with primary mortgages, a tally that covers over 35 million homes worth ...
Posted in mortgage, real estate | No Comments »
Sunday, December 7th, 2008
The development of alternative energy was a large part of every candidate's platform in the recent US election. The arguments from the candidates, both Democrat and Republic, were similar: we need to gain energy independence from Middle Eastern oil producers; we need to stop polluting the environment by burning fossil ...
Posted in energy costs | No Comments »
Saturday, December 6th, 2008
It seems as though everyone is looking for a bailout, whether it’s financial institutions, insurance companies, or the auto industry. When the governor of your state is lobbying for money from congressional leaders and the Administration, well, that’s a different story. That’s because strengthening the economy during the current financial ...
Posted in economy | No Comments »
Friday, December 5th, 2008
One of the things that is not being talked about nearly enough in these tough economic times is both a cause and a byproduct of the financial crisis. While everyone spends their time focusing on the shrinking credit market and people write articles about how bad the stock market is ...
Posted in economy | 1 Comment »
Thursday, December 4th, 2008
What Does It Mean When the U.S. Automakers Fail?
Was your reluctance to buy a car from one of the three major U.S. automakers, General Motors Corp., Ford Motor Co., or Chrysler LLC, the cause of their imminent collapse?
The Big Three automakers are asking Congress to pass legislation for government-backed loans. ...
Posted in business, economy | 1 Comment »
Wednesday, December 3rd, 2008
What is Black Friday?
Black Friday is the day after Thanksgiving, the unofficial start of the Christmas season and one of the biggest retail shopping days of the year. Since Thanksgiving always occurs on the last Thursday in November, Black Friday takes place between the 23rd and the 29th of ...
Posted in economy | 1 Comment »