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13 Dec 2009 11:10

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Biz: Deal-packed retail credit cards sound good, but aren’t so great

Miss a payment with any of these cards, and the deals go away. They also can damage your credit score and have really high interest rates. source
Posted by Ernie Smith • 0 Comments • Permalink

13 Dec 2009 10:18

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Biz: Mortgage rates super-low, but good luck taking advantage

  • 4.7% the low point of mortgage rates, hit in the 1940s thanks to post-WWII government intervention
  • 5+% the place it’s been most of the time since the 1950s – at one point, it was near 17%, which is insane
  • 4.8% the current rate, caused by massive government intervention; too bad banks don’t want to refinance source
Posted by Ernie Smith • 0 Comments • Permalink

13 Dec 2009 10:05

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Biz, World: Dubai has a big bill due tomorrow; will they pay it?

  • $3.5 billion due tomorrow; it’s like a big credit bill source
Posted by Ernie Smith • 0 Comments • Permalink

11 Dec 2009 15:01

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Biz: Poll: Will legislative attempts to regulate the financial system work?


Posted by Ernie Smith • 0 Comments • Permalink

11 Dec 2009 14:51

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Biz, U.S.: About time: The House passes a financial regulation bill

  • The Senate doesn’t have a comparable one ready yet. Today, the House took the initiative to more strictly regulate the failings of the financial industry – big bonuses, “too big to fail” corporations – at a 223-202 clip. Republicans largely didn’t go for the bill because they feared it would limit credit, force job losses and lead to future bailouts. They also argued that “too big to fail” companies didn’t need hand-holding and could handle bankruptcies, which sounds less like something they believe and more like something they can use against the Democrats. source
Posted by Ernie Smith • 0 Comments • Permalink

11 Dec 2009 12:41

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Biz: White House Pay Czar to execs: Tighten your belts

Posted by Ernie Smith • 0 Comments • Permalink

11 Dec 2009 11:43

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Biz: People are buying slightly larger amounts of crap than before

  • 1.3% increase in retail sales in November source
Posted by Ernie Smith • 0 Comments • Permalink
 

10 Dec 2009 11:20

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Biz: BREAKING: Editor & Publisher ceasing operations. Oh no!

One of the best publications ABOUT newspapers is gone. You know the newspaper industry is in bad shape when THAT happens. Le sigh. source
Posted by Ernie Smith • 0 Comments • Permalink

10 Dec 2009 10:49

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Biz: As the world turns: New jobless claims volatile yet again

  • 474,000 jobless claims this week, after a week when it seemed we’d finally turned a corner
  • +17,000the increase from last week’s promising low; not awful, but not exactly great either source
Posted by Ernie Smith • 0 Comments • Permalink

09 Dec 2009 09:58

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Biz, U.S.: The phrase “TARP” isn’t leaving our lives anytime soon

  • TARP is going nowhere, guys. Treasury secretary Timothy Geithner informed Congress this morning that the program, set to expire at the end of the year, will be extended until at least October. Which means that the bailouts won’t be going anywhere anytime soon, as a way to extend small-business credit. source
Posted by Ernie Smith • 0 Comments • Permalink
 
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