Help The Middle ClassNews and Information For The Heart Of America
2010’s Worst-Selling Housing Markets (Forbes.com)
Miami-area home sellers looking to unload their properties might want to make sure they have comfortable couches.
It looks like they’re going to be there a while.
That’s because Miami tops our list of the nation’s most sedentary housing markets. These 10 spots feature a potent mix of dropping prices and sluggish sales rates. Also on the list: Denver; San Diego; Baltimore; Washington, [...]
Fannie Mae Executives Face Probe. Must Explain Risky Mortage Decisions (Yahoo! News)
Two former Fannie Mae executives said Friday that competitive pressures, combined with the political goal of increasing homeownership, were to blame for the company’s decision to back riskier mortgages that fueled the housing bubble.
Daniel Mudd, Fannie Mae’s former chief executive, and Robert Levin, the company’s former chief business officer, testified before a panel examining the [...]
Obama Still Plans On ‘Redistribution Of Wealth’ To Pay For Deficit (Los Angeles Times)
Reporting from Washington
With enactment of his signature healthcare law, President Obama has also made good on another major campaign promise: to ease the tax burden on middle-class Americans and pay for his domestic agenda by raising taxes on the wealthy. And for upper-income taxpayers, the tab for healthcare is just the beginning.
Families earning more than [...]
ECONOMY RECOVERY? Blockbuster, Borders & Rite Aid ‘On The Edge Of Bankruptcy’ (Investopedia.com)
Many major companies like Circuit City and Linens ‘n Things went bankrupt during the economic crisis of 2008-2009. These companies folded under high debt levels and a decline in sales. Just because some companies were able to survive the economic downturn of the past few years doesn’t mean they are out of the woods yet. [...]
7 New Taxes Laws You Need To Know About (Bankrate.com)
Facing a struggling economy, lawmakers in Washington, D.C., turned to the tax code to help get it, and us consumers, moving again. Most of the tax changes were part of the stimulus package enacted last February, the American Recovery and Reinvestment Act of 2009. There are seven new tax laws you should know, and some [...]
6 Ways To Reduce Your Energy Bill (Yahoo!)
There are a bunch of little tricks you can employ to cut back on power consumption at home—which not only has environmental benefits but keeps you from wasting cash too—and it’s highly unlikely you’ll even notice a difference. Between the National Resources Defense Council’s site and powerscorecard.org I found some really good tips. Here’s a [...]
Why The Unemployment Rate Will Continue To Be High For Sometime (U.S. News)
Why the Unemployment Rate Refuses to Budge – US News and World Report.
Trying To Save Money? 5 Billionaires Show You How (Investopedia)
At least once in your life – maybe even once a week or once a day for that matter – you have fantasized about coming into a lot of money. What would you do if you were worth millions or even billions? Believe it or not there are millionaires and billionaires among us who masquerade [...]
Car Dealer Scams And How To Avoid Them (Forbes)
Buyer Beware: Here’s what to watch out for the next time you’re in the showroom.
Of the top 10 industries that received the most consumer complaints last year, three were auto related.
New-car dealers, used-car dealers and auto service and repair shops registered almost 54,000 complaints in North America, according to the Better Business Bureau. They were [...]
Growth of Unpaid Internships May Be Illegal, Officials Say (New York Times)
With job openings scarce for young people, the number of unpaid internships has climbed in recent years, leading federal and state regulators to worry that more employers are illegally using such internships for free labor.
Convinced that many unpaid internships violate minimum wage laws, officials in Oregon, California and other states have begun investigations and fined [...]
