Archive for 'Freedom debt relief'
Americans have given $25 million so far to help victims of Pakistan's flood disaster -- far less than the U.S. donations made in the immediate aftermath of other major disasters. Experts cite the relative lack of news coverage, attitudes toward Pakistan and the nature of the disaster itself.
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Home prices were higher for the third straight month amid a burst of home-buying due to tax incentives that have since expired. The Standard & Poor's/Case-Shiller 20-city home price index posted a 1 percent increase in June from May and was up 4.2 percent from a year earlier.
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Andrew G. Biggs of National Review argues, when it comes to Social Security, it's too politically risky to revive the Bush-era idea of personal accounts. A solution will come from a mix of government intervention and personal initiative.
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A bleak housing market makes people fret about more than their wallets: Families also suffer the consequences. One couple broke off their engagement, but the current value of their home has kept them living together. Another family has been separated by 900 miles for 18 months because the father left for work and their house isn't selling.
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One in 10 American households with a mortgage was at risk of foreclosure this summer as the government's efforts to help have had little impact stemming the housing crisis. Meanwhile, rates for 30-year fixed-rate mortgages fell to 4.36 percent this week, the lowest level in decades.
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The amount consumers owed on their credit cards in this year's second quarter dropped to the lowest level in more than eight years as cardholders continued to pay off balances in the uncertain economy, according to credit reporting agency TransUnion.
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Interest rates on almost everything are near historic lows. But credit card rates are the highest they've been in more than a decade.
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When the Cleavers sold their home in Milwaukee and moved to Chicago, they faced a decision: buy or rent. In normal times their decision would have been easy. But these are not normal times.
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General Motors has filed paperwork with the SEC to clear the way for selling stock to the public. The automaker says U.S. taxpayers and other stakeholders will sell common shares. GM also will sell preferred shares.
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Banks have eased lending standards for small businesses for the first time in nearly four years, the Federal Reserve said. And financial firms said consumers continue to better manage their credit card payments, with fewer customers defaulting or making late payments in July.
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