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Posted by Mike Taylor on Friday, November 6, 2009,
In :
money,advice,financial,save,consumers
Just as the housing sector appears to be recovering, gathering
problems in the commercial real estate market threaten to become a new
drag on the economy.
The collapse in home prices sunk
many big banks last year, but this year smaller lenders and community
banks are going bust at an alarming rate because of their exposure to
souring commercial real estate loans. At
least 115 banks have failed this year, many because of their exposure
to deteriorating commercial loans for retail space, of... Continue reading...
Posted by Mike Taylor on Wednesday, November 4, 2009,
In :
news,information,advice,warning,precaution
Facebook was awarded US$711 million in damages from a convicted
spammer on Thursday, but the social networking site is hoping a
separate criminal action will eventually send him to jail. Sanford
Wallace was sued by Facebook in February along with Adam Arzoomanian
and Scott Shaw for allegedly obtaining the login credentials for
accounts. The accounts were then used to send spam to those users'
friends starting around November 2008. The spam either linked to
other phishing sites that sought to co... Continue reading...
Posted by Mike Taylor on Monday, November 2, 2009,
In :
money,advice,financial,save,consumers
"Clunkers: Taxpayers paid $24,000 per car"A total of 690,000 new vehicles were sold under the Cash for
Clunkers program last summer, but only 125,000 of those were vehicles
that would not have been sold anyway, according to an analysis released
Wednesday by the automotive Web site Edmunds.com. Still, auto sales contributed heavily to the economy's expansion in the third quarter, adding 1.7 percentage points to the nation's gross domestic product growth. ...The
Cash for Clunkers program gave ca... Continue reading...
Posted by Mike Taylor on Wednesday, October 28, 2009,
In :
money,advice,financial,save,consumers
Loraine Mullen-Kress carries a Bank of America credit card and religiously pays off her balance. "Flawless credit," she boasted.
Yet now, her good credit habits could cost her. Earlier this month Bank
of America started notifying customers like Mullen-Kress that they will
be charged a new annual fee of $29 to $99.
"There is a big segment of their population that they will have never
made money on, which is people who pay their bills on time every
month," said Ben Woolsey, Director of Consu... Continue reading...
Posted by Mike Taylor on Monday, October 26, 2009,
In :
home,consumers,credit,help,advice,savings
"Home builders' confidence slips in October"Expiration of tax credit threatens to derail recovery, trade group says Faced with the imminent expiration of a government
subsidy for new buyers, U.S. home builders' mood turned more
pessimistic again in October, a trade group reported Monday.
The National Association of Home Builders/Wells Fargo sentiment index
fell to 18 in October from 19 in September. It was the first decline
since June. The index bottomed at a record-low 8 in January... Continue reading...
Posted by Mike Taylor on Saturday, October 24, 2009,
In :
news,information,advice,warning,precaution
Quote: Dear Members,
First off, this does NOT pertain to most of you, but there are a few that this does pertain to.
I am NOT the best admin around, BUT, I DO pay members, i DO process ads, and i DO answer emails (when the system is not messing up) so that makes me a pretty decent and honest webmistress.
So
with that being said, when someone submits an ad for 'getting paid to
help cheat the script' i tend to get a little irritated.
If you
try to submit any type of ad for cheating software or to ge... Continue reading...
Posted by Mike Taylor on Wednesday, October 21, 2009,
In :
money,advice,financial,save,consumers
Whether a newbie or seasoned budgeter, nearly everyone has spending
holes -- leaks in your budget that drain money with you hardly noticing. These
small drips can add up to big bucks. Once you find the holes and plug
them, you'll keep more money in your pocket. That spare cash could be
the ticket to finally being able to save, invest, or break your cycle
of living paycheck to paycheck.
Here are 20 common ways people waste money. See if any of these sound familiar, and then look for ways to pl... Continue reading...
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