Drop in Housing Prices Continues to Slow

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Housing prices of 20 cities were flat from July to August, according to the latest S&P/Case-Shiller housing index. Year-over-year and on a seasonally adjusted basis, the composite 20 index was down 3.8% from August of last year. That’s a slowdown from the previous year-over-year drops of 4.1% in July and 4.6% in June.

“If you had more money than you knew what to do with, would you want more?”

— DON STURM, owner of two American community banks, who says that many financial institutions are overflowing with cash deposits and don’t want more [quoted via The New York Times].

3 Ways to Know You’re Getting a Great Deal on a Home

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From Kim Kardashian’s wails that she lost a $75,000 earring in the ocean, to Real Housewives of Beverly Hills’ Dana Wilkey’s boasts that she dropped $25K on sunglasses, reality TV starlets seem to get a rush out of broadcasting how much they paid for their bling. In this way, they are contrarians — not their [...]

Credit Cards for Kids? Don’t Be Childish

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It’s absolutely true that kids should learn about the mechanics of credit: How to use it responsibly and why it can get very expensive very quickly if you don’t. But the idea that they need a card of their own to practice this is questionable, at best.

Why the Stock Market Rally Isn’t Likely to Last

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U.S. share prices are rising, even though the economic picture both here and in Europe is getting worse. Why is it happening and what should you do about it?

Are Sitcoms Thriving Because the Economy Is So Troubled?

Increasingly, the American public appears to be saying “enough reality”—and enough drama and reality TV, for that matter.

Christmas Price Guarantee: Walmart’s New Move to Reel in Holiday Shoppers

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It’s happened to everyone: You buy a holiday gift, and soon regret making the purchase because the same item later appears on sale for a fraction of the price. With Walmart’s new holiday season price-matching promotion, shoppers are supposed to rest easy and stop worrying about the possibility of cheaper prices down the line.

Obama’s Housing Refinance Program: Underwhelming Policy, Expedient Politics

Tony Avelar / The Christian Science Monitor / Getty Images

Did you know that you can’t be for fixing the housing market and not be for President Barack Obama’s American Jobs Act? That was the underlying message of a conference call with two top Obama advisers on Monday morning, nominally convened to explain and take answers from journalists about the much-touted new mortgage refinance program Obama is [...]

Poor Economy Causes Livestock Rustling to Spike

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An estimated 4,500 cattle have been reported missing or stolen this year in Texas and Oklahoma.

IPO Market — Usually A Catalyst for Job Growth — Has Stalled

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Two companies with quirky names, Ubiquiti Networks and Zeltiq Aesthetics, made their public debuts earlier this month with listings on the Nasdaq Stock Market. They were the most successful stock debuts of the past two months. They were the only stock debuts of the past two months.

Why Barnes & Noble is Selling Rugs

Rugs

The reality behind the move is that B&N may have no choice but to try something, anything.