Archive for October, 2008

Market Snapshot: Investors hope the ‘worst October’ signals the worst is past

Investors will start the month of November in the hope that the worst is behind for stocks, with credit conditions showing continued signs of improvement as governments around the world intervene to support financial markets.

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Treasury notes have become the investment of choice

With municipal bonds trading lower on fears of weak state and local revenues, yields are getting juicier by the day.

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Banks seek credit card relief - The State

WASHINGTON — With defaults on credit card debt spiraling amid a global financial downturn, banks already reeling from the mortgage crisis are losing billions more from unpaid credit card bills. Big banks have formed an unusual alliance with …

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Stock market bargains can turn into big bonanzas

“There are Rembrandts laying in the rubble on the driveway right now,” says Wall Street exec David Darst.

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Debt-collection strife rising - Providence Journal

NEW YORK — After several years in which Americans were buying stuff on credit they couldn’t afford, a rapidly increasing number are complaining about getting harassed and abused by bill collectors. Nearly 71,000 people filed such complaints with …

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Getting paid at the podium

It’s not just former Presidents and talkative celebs who cash in on the lecture circuit everyday New Yorkers with specialized knowledge and a passion for sharing it are getting paid to talk, too. Your Money asked three of them to share some secrets.

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Bradenton-based Freedom Bank collapses - Bradenton Herald

BRADENTON — Another Bradenton bank has collapsed.

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Safe as houses? - ReportonBusiness.com

Safe as houses? ReportonBusiness.com, Canada - 6 hours ago Mr

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Jobless benefits switch in state - FreeportJournal Standard

Starting Nov. 1, 2008, all unemployment insurance payments in Illinois will be made either by direct deposit or debit card, and traditional paper checks will no longer be available, according to the Illinois Department of Employment Security. Greg …

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Resort builder Land Resource files for Chapter 11 - Orlando Sentinel

The credit squeeze and slumping real-estate market claimed another local corporate victim this week, as an Orlando-based resort-development company filed for Chapter 11 bankruptcy protection and reorganization. Land Resource LLC had earlier this year …

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Prop. 200 payday loan reform ads not telling whole story (East Valley Tribune)

Jack LaSota is taping radio ads and phone messages urging Arizonans to vote for Proposition 200 saying that, as the former state attorney general, he knows “the payday loan industry needs to be reformed.”

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YOU could be Funding the Obama Campaign? - MichNews.com

Among the many unasked and, thus, unanswered questions swirling around the most secretive presidential campaign in history, is the question of where that mountain of Obamessiah money is coming from? Barack Obama has raised more than $600 million thus …

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Groups seek credit-card debt forgiveness

An alliance of financial industry interests and consumer advocates on Wednesday asked federal regulators to allow lenders to reduce by as much as 40 percent the amount of credit card debt owed by deeply indebted consumers in a special program.

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Purchase of ceremonial keys in Flint raises ethical questions - The Grand Rapids Press - MLive.com

ABC12.com Purchase of ceremonial keys in Flint raises ethical questions The Grand Rapids Press - MLive.com, MI - Oct 31, 2008 The keys cost $30 apiece, and the city paid $6000 to a pawn shop owned by Patsy Lou Williamson, according to a report by WJRT (Channel 12).

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Regulators close small Florida bank - Globe and Mail

U.S. bank regulators on Friday closed Freedom Bank in Florida, the 17th bank to fail this year as the weakening economy and falling home prices take their toll on financial institutions. Customers of the banks’ four branches can access their insured …

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