Category Archives: Economy

The 4% mortgage – good luck getting one

By doris | Published: October 19, 2011

Full Story at cnn.com NEW YORK (CNNMoney) — A 4% mortgage sounds too good to be true — and for more than 90% of borrowers, it is. The average rate for a 30-year mortgage dropped below 4% earlier this month for the first time, hitting 3.94%, Freddie Mac reported. But at the same time, LendingTree [...]

Also posted in Banking, Business, Financial, Limits, Loans, Market, Money, Mortagage, Toyota | Leave a comment

Who pays if Social Security cap is lifted? Not many taxpayers

By doris | Published: October 10, 2011

Full Story at LifeInc.today.com One of the proposals for keeping Social Security afloat is to simply ask for more money. It turns out, not that many taxpayers would have to pay up. A new analysis from the Center for Economic and Policy Research finds that less than 6 percent of workers would be affected if [...]

Also posted in Government, Money, Social Security, Tax | Leave a comment

Bill Clinton: How to fix the economy

By doris | Published: October 7, 2011

Full Story atFortune’s cnn.com First, Congress and President Obama can adopt strategies designed to unleash the massive amount of capital that is accumulated but not being invested. There’s some $2.2 trillion in cash in American banks that is not committed to loans. A couple hundred billion has to be held back for bad mortgages, but [...]

Also posted in America, Banking, Bill, Budget, Computer, Financial, Government, Home, Market, Money, President | Leave a comment

Boeing’s 787, ‘Murphy’s law of airplanes,’ finally gets to a customer

By doris | Published: September 26, 2011

Full Story at BottomLinemsnbc.msn.com Boeing officially delivered its first 787 jet to All Nippon Airways on Sunday, more than three years after the airplane maker originally promised to get the new model to its Japanese customer. “It’s been just one problem after another,” said Scott Hamilton, a longtime aerospace analyst with Leeham Co. “It’s been [...]

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Stocks sell-off sparked by global recession worries

By doris | Published: September 22, 2011

Full Story at BottomLinemsnbc.msn.com Stock markets around the world slumped Thursday after the Federal Reserve offered a gloomy assessment of the economy which raised anxiety that a global recession was coming. Just before midday, the Dow Jones industrial average was down almost 350 points, or more than 3 percent. The broader S&P 500 and the [...]

Also posted in Federal Reserve, Stupid, Treasury | Leave a comment

Obama to propose new tax rate for millionaires

By doris | Published: September 18, 2011

Full Story at money.cnn.com WASHINGTON (CNN) — The White House will propose a new tax rate for people earning more than $1 million a year to ensure that they pay at least the same percentage of their earnings in taxes as middle-income Americans, administration and White House officials told CNN on Sunday. Called the Buffett [...]

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Last Ford Crown Victoria rolls off the line

By doris | Published: September 15, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — The last Ford Crown Victoria rolled off a Canadian assembly line Thursday, marking the end of the big, heavy Ford cars that have been popular with taxi fleets and police departments for decades. Since 1979, almost 10 million Crown Victoria, Mercury Grand Marquis and Lincoln Town Cars [...]

Also posted in Auto, Business, Ford, Gas or Oil, Market | Leave a comment

Lawmakers face limits in fight to fix economy

By doris | Published: September 11, 2011

Full Story at msnbc.com With unemployment stuck above 9 percent, Americans are looking to the White House, Republican presidential candidates and the Federal Reserve for credible plans to boost job growth. None of the proposals now being floated hold much promise. Falling home prices continue to wipe out equity for millions of households. Manufacturing has [...]

Also posted in America, Congress, Government, Jobs, Unemployment, White House | Leave a comment

Jobs plan may create 1 million jobs – economists

By doris | Published: September 10, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — Economists gave generally positive reviews to President Obama’s jobs plan Friday, with some estimating that at least 1 million jobs could be added in the next year if Congress passes the package. The payroll tax holiday for workers and small businesses was cited specifically for having a [...]

Also posted in Business, employment, Jobs, Reccession | Leave a comment

Wal-Mart brings back layaway for holiday shoppers

By doris | Published: September 8, 2011

Full Story at  msnbc.com NEW YORK — Wal-Mart is bringing back something its customers have been asking for since the Great Recession: layaway. The world’s largest retailer, which ditched the pay-as-you-go plans in 2006, is rolling out a holiday layaway option from Oct. 17 through Dec. 16. Wal-Mart is following rivals that brought back the [...]

Also posted in Business, Corporate, merchandising, Retire, Sale, Spending | Leave a comment

CNN Poll: 8 in 10 think we’re in a recession

By doris | Published: September 4, 2011

Full Story at PoliticalTicker.blogsCNN.com Washington (CNN) – Economic fears are not diminishing. More than eight in 10 Americans think the economy is in another recession, according to a new CNN/ORC poll. One-third of those surveyed think it’s serious. While the country isn’t technically in a recession because the economy hasn’t experienced two straight quarters of [...]

Also posted in Business, employment, Financial, Government, Jobs, Layoffs, Money, President, Reccession, Unemployment | Leave a comment

Redbox plans to profit on Netflix price increase

By doris | Published: September 3, 2011

Full Story at  msnbc.com SAN FRANCISCO — Netflix is giving Redbox a golden opportunity to gain some ground. Beginning Thursday, Netflix, the largest U.S. video subscription service, will hit its nearly 25 million U.S subscribers with rate increases of as much as 60 percent. The sticker shock is expected to make Redbox, which rents DVDs [...]

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Zero jobs growth but not necessarily recession

By doris | Published: September 2, 2011

Full Story at msnbc.com The news Friday that the economy created zero jobs in August is ominous, but it doesn’t necessarily mean we’re heading for another recession. “Most of the releases that came out earlier in the week were a little bit better than generally expected and this one was a little bit worse,” said [...]

Also posted in employment, Financial, Reccession, Spending, Unemployment | Leave a comment

Stocks try to end August on high note

By doris | Published: August 31, 2011

Full Story at money.CNN.com NEW YORK (CNNMoney) — U.S. stocks were modestly higher Wednesday, on the last day of what has been a volatile month, as investors digested several economic reports on the labor market and manufacturing. The Dow Jones industrial average (INDU) gained 44 points, or 0.4%, nudging into positive territory for 2011; the [...]

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