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Economy

Is YOUR Employment Picture Brighter?

The most recent figures show that the rate of unemployment has dropped to 8.2%, down from a recession high of over ten percent. That’s an impressive drop, but it is, after all, a statistic. The real question might be, are the statistics real? By “real” I mean do they accurately describe what people are actually [...]

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Bank of America Mortgage to Lease Pilot Program

by Glen Craig

Although the foreclosure crisis is making far less headlines than it once did, it is still a big problem in America. In fact, underwater mortgages are back to 2011 levels, currently at 11 million homes or 22.8% of all residential mortgages. For those 11 million homeowners, an underwater mortgage represents an impossible financial situation to [...]

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President Obama Signs STOCK Act – No Congressional Insider Trading

by Glen Craig

If you’re a retail or individual investor you may feel like the little guy can’t win in the stock market. The individual investor is a little fish in the vast ocean we call the world’s investment market and only the biggest of the investors can actually get ahead. Many of us have said that in [...]

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New Bank of America Fees – Savings and Checking Ain’t What it Used to Be

by Glen Craig

It’s was nice to feel like we won, at least for a short period of time. Banks are once again dreaming up new fees to recoup losses that have come from tighter financial regulation as a result of the 2008 and 2009 financial collapse but until now it’s only been a dream. What the Fees [...]

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Obama Proposed Corporate Tax Reform – Cut Tax Rate But Seal Up Loopholes

by Glen Craig

It’s yet another example of something that most lawmakers agree on yet it most likely will not get done. Washington gridlock is alive and well even when there is no disagreement on the core issue. That is the main problem with the corporate tax. Currently, American corporations pay a 35% tax rate, higher than any [...]

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Alternatives to Foreclosure

by Miranda

If you are concerned that your home might become a foreclosure risk, you are probably casting about for other options. Foreclosure can impact your credit score, and make it difficult for you to purchase a home in the future — at least for the next two to four years. When you are trying to avoid [...]

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Mortgage Plan to Help Homeowners – $26 Billion Settlement with Big Banks

by Glen Craig

If you’re wondering when help will arrive for your underwater home, on February 9th, 2012, a giant step forward was taken on your behalf. The Obama Administration announced a settlement with five of the largest banks, Bank of America, JPMorgan Chase, Wells Fargo, Citigroup and Ally Financial, and attorneys general in all states with the [...]

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Obama Mortgage Relief Refinancing Plan – A Tax on Big Banks and More

by Glen Craig

We Can’t Wait That’s the new slogan that the Obama Administration is trying out, presumably thinking of the campaign as Obama approaches the full force of election season. In Las Vegas, one of hardest hit housing markets in the United States, Obama said, “we can’t wait” for an increasingly dysfunctional Congress to do its job [...]

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Three Stories That Prove Consumers Still Have Power

by Glen Craig

There’s a story that the media has missed in all of their 2011 wrap up stories. It’s one of those rare feel-good economics stories that deserves to be relived because in 2011, one group above so many others who tried, showed that they have far more power than what they thought. It’s not a story [...]

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Senate Passes Bill to Extend Payroll Tax Cut Temporarily (and Other Provisions)

by Glen Craig

On December 17th, after what were characterized as more heated, intense negotiations, Republicans and Democrats in Senate came to a compromise that extends the payroll tax cuts for just two months. The House still needs to pass the bill, then it’s up to the President to sign the bill. The Obama Administration wanted further cuts [...]

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