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For much of the last several months the attention of U.S. investors has been directed across the Atlantic, where various austerity plans, debt auctions, and credit downgrades have dominated the financial headlines and given direction to global equity markets. While the fiscal health of Europe has gradually deteriorated, several positive data releases over the last [...]
Posts Tagged ‘Economy’
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How Credit Cards Are Getting Meaner
Posted by Staff Writer on July 17th, 2009
What’s going on inside the minds of credit card companies now that the CARD credit card reform act is coming down the pike? A customer service supervisor for a major credit card company emailed us to give us the low-down: reduced grace periods, cutting credit lines, increased fees on balance transfers, and, of course, jacked [...]
Failed Bank List 2009
Posted by Staff Writer on June 27th, 2009
Read the list at Failure Magazine
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{Photography by locusolus}
Where Struggling Americans Can Find a Fresh Start
Posted by Staff Writer on June 17th, 2009
Looking to start over? Find a new job? A new house? Here are 20 U.S. markets where jobs are available and real estate is affordable
Thousands of Americans across the U.S. are wondering if they would be better off somewhere else. The question is where?
As unemployment and foreclosures continue to rise, stocks keep fluctuating, and cash-strapped [...]
Trapped: It’s hard to get a job if your credit is bad
Posted by Staff Writer on June 8th, 2009
If you’re unemployed, falling behind on bills can make it tougher to find work
Dan Denton is stuck in a vicious cycle: He’s behind on his bills after losing his job. But lousy credit is spoiling his chances of finding new employment.
Recruiters from a St. Louis-based investment company recently rescinded an offer after looking at his [...]
Why Home Prices May Keep Falling
Posted by Staff Writer on June 8th, 2009
HOME prices in the United States have been falling for nearly three years, and the decline may well continue for some time.
Even the federal government has projected price decreases through 2010. As a baseline, the stress tests recently performed on big banks included a total fall in housing prices of 41 percent from 2006 through [...]
The 10 Hardest Jobs To Fill In America
Posted by Staff Writer on June 6th, 2009
If you’re looking for work in any of these fields, you’re in luck.
For the second year in a row, engineer is the hardest job to fill in America.
Why are engineers so hard to find? “We have whole generations of people loving liberal arts, not going into science and math,” says Larry Jacobson, executive director of [...]
The new ‘good’ job: 12 bucks an hour
Posted by Staff Writer on June 5th, 2009
In the Midwest, communities race to replace dwindling auto jobs with renewable energy ones, but workers will have to sacrifice on their pay.
Massive investment in renewable energy could ultimately create 4 million manufacturing jobs. But for the workers in the bottom rung of this movement, the shift to green jobs could very well mean a [...]
Promised Help Is Elusive for Some Homeowners
Posted by Staff Writer on June 4th, 2009
She had seen the advertisements for the new government program offering relief. She had heard President Obama promise that help was on the way for homeowners like her, people who had lost jobs and could no longer make their mortgage payments.
But when Eileen Ulery called her mortgage company — Countrywide, now part of Bank of [...]
U.S. home prices fall by record 19.1% in first quarter. Los Angeles area prices were down 41% from 2006 peak. Phoenix shows the most severe decline, 53%
Posted by Staff Writer on May 26th, 2009
U.S. home prices showed no signs they’ve hit bottom, according to a series of national indexes released today. The Standard & Poor’s/Case-Shiller national home price index showed a record 19.1% drop in home prices for the first three months of this year.
Los Angeles area home prices, which include Orange County, were down 41% in March [...]
