Obama sees no magic bullet to push down gas prices
Barack Obama told Americans on Saturday there is no “magic bullet” to bring down high gasoline prices and said he wants to end what he called $4 billion in taxpayer subsidies to oil and gas…
Category Archives: Finance
Has the U.S. forgotten it has a strong dollar policy?
For years, Treasury secretaries parroted a line that the U.S. was committed to a strong dollar policy. But as the greenback slides close to all-time lows, President Barack Obama’s administration has been noticeably quiet. Treasury…
Analysis: Why smart investors made money on the BP oil spill
Investors who bought BP’s stock and bonds when oil was spewing out of its well in the Gulf of Mexico a year ago made a killing in a classic example of turning panic into profit.…
Budget vote shows challenge for Boehner, Obama
The Congress on Thursday approved a budget deal to avert a government shutdown, but mass defections in both parties highlighted the difficult fights ahead on spending and debt reduction. In a bipartisan 260-167 vote, the…
Protect Yourself Against Mortgage Relief Scams
When facing the stress of unaffordable mortgage payments, the last thing you want to worry about is whether or not the assistance you receive is in your best interest. Unfortunately, a growing trend of mortgage…
14 College Financial Aid Tips…
Don’t include retirement assets on FAFSA. FAFSA doesn’t care how much you have in your IRA, 401(k) or other qualified retirement account. However, FAFSA does ask about taxable accounts and college savings plans. 1. Don’t…
DON’T WALK AWAY FROM YOUR MORTGAGE
“Strategic Default” is never strategic! A recent study, Chicago Booth/Kellogg School Financial Trust Index, estimates that 36% of Americans think walking away is a viable option when they owe more on their home than what…
Democrats offer deeper cuts in budget fight
President Barack Obama’s Democrats on Monday moved beyond their earlier proposals to cut U.S. spending in an attempt to revive stalled budget talks that would avert a government shutdown. The latest White House plan would…
Is $250,000 in savings enough to retire ?
The Employee Benefits Research Institute has issued the 2011 Retirement Confidence Survey. And the answer is: We are not confident. This seems to be, one could argue, an acknowledgment of the obvious. One statistic that…
Losing Home—Immigrant Families’ Path Through Foreclosure and Beyond
NEW YORK–More than a year after signing it away, John Cuartas, a 51-year-old Colombian immigrant, still visits the home his family lost to foreclosure. Like many New Yorkers affected by the foreclosure crisis, Cuartas now…
What if you can’t pay your taxes?
Getting to the end of your 1040 form and finding a balance due isn’t fun, though at least you can pat yourself on the back for not having made a free loan to the U.S.…
Home market isn’t on rebound yet
Are we there yet? Is the U.S. home market on the upswing? As Alan Greenspan would say, “there are shoots,” although a true spring in housing is still hampered by a chilly economic climate throughout…
Hatta: 3 Cara Perkuat Perdagangan Indonesia
Menteri Koordinator Perekonomian Hatta Radjasa menyampaikan, Indonesia ke depannya harus mengubah pola perdagangan khususnya di dunia Internasional. “Mind set kita tidak bisa bisnis as usual tetapi thinking out of the box,” ujar Hatta di Jakarta,…
Card balances could take 8 years to erase
They say everything is bigger in Texas – and apparently that includes debt, according to a new ranking of U.S. cities with the highest credit card balances, released by Experian. San Antonio tops the list…
Banks receive proposals on troubled mortgages: report
Banks received a proposal from state attorneys general and several federal agencies that could require them to reduce loan balances of troubled mortgage borrowers, the Wall Street Journal said, citing people familiar with the matter.…
3 Strategies To Give Up Your Home AND Avoid Foreclosure!
The overriding factor for not letting your home foreclosure is a minimization of loss and liability. Foreclosure will do nothing more than increase the harm done and increase your short, medium and long —term loss,…
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