Category Archives: Limits

Being too polite to your waitress may cost you money

By doris | Published: November 4, 2011

Full Story at LifeInc.today.msnbc.msn.com Telling your waitress that the lukewarm coffee she just brought is OK might cost you more than aggravation — it might cost you money, too. Consumers who lie to avoid confrontation are more likely to reward the people who have irritated them, scientists now say. So in the case of the [...]

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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 [...]

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Gold loses a lot of its glisten in just one day

By doris | Published: August 24, 2011

Full Story at msnbc.com NEW YORK — Maybe gold isn’t so safe after all. After months of setting record after record, the price of gold plunged $104, or 5.6 percent, Wednesday to finish at $1,757 per ounce. That was the biggest percentage drop in nearly 3½ years and a blow to investors who thought the [...]

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Stocks give up gains, end trading day mixed

By doris | Published: July 28, 2011

Full Story at msnbc.com NEW YORK — Stocks lost most of their gains late in the trading session Thursday, closing mixed after an unexpected decrease in unemployment claims sent the market slightly higher earlier even as a stalemate continued in Washington over how to avoid a U.S. debt default. The government said first-time applications for [...]

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Debt ceiling: What happens if Congress doesn’t raise it?

By doris | Published: July 23, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — Prospects for a debt-ceiling deal dimmed late Friday afternoon when talks broke down between President Obama and House speaker John Boehner. Lawmakers will continue negotiating, and a deal is still ultimately possible, but what happens if lawmakers fail to act by the Aug. 2 deadline? Well, it’s [...]

Also posted in Congress, Debt, Economy, Financial, Government, Legal, Money | Leave a comment

Stocks close flat as oil rises again

By doris | Published: April 14, 2011

Full Story at money.CNN.com NEW YORK (CNNMoney) — U.S. stocks ended Thursday’s session mostly flat, erasing earlier losses as commodities and energy stocks climbed higher. The gains in oil offset weakness in the banking and technology sectors. The Dow Jones industrial average (INDU) rose 14 points, or 0.1%, to 12,285. The Dow was down as [...]

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Waitresses fired when new uniforms don’t fit

By doris | Published: April 13, 2011

Full Story at msnbc.com All of the 16 women who lost their jobs were middle-age, long-time employees who were happy to retain their jobs after the casino’s sale only to lose them because of their appearances in a skimpy costume. Union officials say that Resorts is using the 1920s flapper-style uniforms as a way to [...]

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White House wants less gov’t in mortgage system

By doris | Published: February 12, 2011

Full Story at news.Yahoo.com WASHINGTON – The Obama administration wants to shrink the government’s role in the mortgage system — a proposal that would remake decades of federal policy aimed at getting Americans to buy homes and would probably make home loans more expensive across the board. The Treasury Department rolled out a plan Friday [...]

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MySpace slashes its staff in half

By doris | Published: January 11, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — MySpace said Tuesday that it is laying off 500 employees, cutting its staff by 47%. “Today’s tough but necessary changes were taken in order to provide the company with a clear path for sustained growth and profitability,” CEO Mike Jones said in a written statement. “These changes [...]

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Baby boomers near 65 with retirements in jeopardy

By doris | Published: December 27, 2010

Full Story at msnbc.com CHICAGO — Through a combination of procrastination and bad timing, many baby boomers are facing a personal finance disaster just as they’re hoping to retire. Starting in January, more than 10,000 baby boomers a day will turn 65, a pattern that will continue for the next 19 years. The boomers, who [...]

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The rich are much richer than you and me

By doris | Published: December 26, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — The gap between the rich and the middle class is larger than it has ever been due to the bursting of the housing bubble. The richest 1% of U.S. households had a net worth 225 times greater than that of the average American household in 2009, according [...]

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Senate fails to confirm Fannie and Freddie regulator

By doris | Published: December 23, 2010

Full Story atnews.Yahoo.com WASHINGTON (Reuters) – The nomination of North Carolina bank commissioner Joseph Smith to head the agency that oversees Fannie Mae and Freddie Mac died on Wednesday as the U.S. Senate adjourned without acting on it. While President Barack Obama could renominate Smith to head the Federal Housing Finance Agency after the new [...]

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Will it be a merry Christmas for Borders, Barnes & Noble?

By doris | Published: December 18, 2010

Full Story at msnbc.com NEW YORK — The two largest U.S. bookstore chains have offered up a compelling cliffhanger this holiday season that will seal the fate of brick-and-mortar bookselling. In the latest chapter, Barnes & Noble Inc. has put itself up for sale, while Borders Group Inc. has put its hand out to lenders [...]

Also posted in Business, Financial, Jobs, Market, Money, Sale | Leave a comment

Federal worker: Don’t freeze my pay

By doris | Published: December 2, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — Federal workers found out this week that President Obama wants to freeze their pay for two years. He called for the cuts to chip away at the nation’s debt and save $60 billion over 10 years.”It is the first of many actions we will take in the [...]

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