Archive for 'Freedom debt relief'
Five years ago, Federal Reserve head Ben Bernanke said the housing sector wasn't a major economic concern. In fact, most experts failed to see the looming subprime mortgage crisis that sank the U.S. economy. If they were so wrong about the Great Recession, it's possible they could also be blind to a "Great Recovery."
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Two senators who have taken the lead on legislation aimed to help homeowners refinance are blunt about how concerned they are by the news NPR reported about Freddie Mac's "multibillion-dollar bets against American homeowners being able to refinance."
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When the auto industry was struggling financially, UAW and Detroit's Big Three automakers negotiated a system giving new employees lower wages and fewer benefits than employees hired before the deal was struck. Host Michel Martin speaks with a local reporter, as well as an autoworker who took a buy-out and was rehired at the same plant.
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Lawmakers and prominent economists on Monday called for changes at the taxpayer-owned mortgage company after NPR, in partnership with ProPublica, revealed that Freddie Mac has placed multibillion-dollar bets against American homeowners.
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Google already offers a way to pay for lunch or groceries using its "Google Wallet" on an Android phone — cell providers and banks aren't far behind with payment systems of their own. Analyst Gilles Ubaghs talks about how coupons and convenience might persuade customers to make the switch.
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Americans who've been traveling abroad are all too often stunned by the size of their mobile phone bill. Even if they aren't actively using their phone, they can rack up hundreds, sometimes thousands, of dollars in charges, as data streams to their phone over foreign networks.
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The recently created Consumer Financial Protection Bureau went on the road to hold its first public hearing. The bureau traveled to Birmingham, Ala., to talk about payday lenders. In Alabama, there are four times as many store-front payday businesses than there are McDonalds.
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Audie Cornish speaks with financial expert and author Suze Orman about her new prepaid debit card, Approved.
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Big banks announced around 60,000 job cuts in 2011. With businesses and consumers still focused on reducing debt, there isn't the same need for financial services as there was before, says one banking analyst. The outlook in the years ahead is for a smaller, more stable and less profitable industry.
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Craftsman's CTX is fast, powerful and loaded with automobile-inspired features, including cup holders. The company hopes its new line of riding lawn mowers will appeal to consumers of luxury vehicles.
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