The European Union’s proposed $78 billion a year financial transaction tax will take a bite out of the portfolios of American investors, according to the Financial Services Roundtable, a leading U.S. lobbying organization.
That’s the question an irate traveler posed to the New York Times’ “Haggler” column regarding a credit card promotion run by British Airways. Currently, BA is running a promotion for its branded Visa card of 50,000 bonus miles if the cardholder charges $3,500 within the first 90 days after being approved for the card. The [...]
On Saturday, federally guaranteed loans — the limits on which were increased during the financial upheaval of 2008 to as high as $729,750 in some parts of the country — will be capped at $625,500. Homebuyers looking to finance more than that amount will either have to plunk down larger down payments to stay within [...]
Robbing a bank is so unoriginal. Because of a combination of an economy in horrific shape and the rising monetary value of certain goods, materials, and, believe it or not, creatures, many thieves are choosing unusual targets to steal, and then flip them for a quick profit.
Over the last three years, households with incomes of $75,000 and up have experienced a dreary, often harsh employment landscape. In more than one-quarter of these households, someone has lost a job.
The debt-collection industry has launched a push to modernize the laws that govern how they do business and what they’re allowed to do, and new legislation under consideration in Congress would give them the right to do so if passed.
The fee will be assessed for each month customers use their debit card for purchases.
Throughout the recession and the slow, meek recovery that has followed, there has been much discussion about a “new normal.” After the financial collapse, there was a widespread shift among consumers, a tendency to scale back on unnecessary expenses—as some observers put it, to replace the mindless accumulation of the past with more “mindful spending.” [...]
Our financial state is pretty scary right now, and we’re all watching our spending pretty closely. So what’s the one thing Americans are willing to shell out for in this economy? Costumes, decorations and entertainment designed to scare us even more.
In an excerpt from his new book The Price of Civilization, liberal economist Jeffery Sachs argues that without a robust middle class and even more government spending, the U.S. will remain stagnant for years.
We’re in a new age of financial volatility that could last years, and it seems that nobody has the answers to get us out.
