Archive for the ‘news’ Category
The last few years have been tough ones for the real estate market, and especially for the banks who have watched as thousands of their home loans have gone into default, and homes into foreclosure. Because the lending market has become so tough, lending guidelines have already started changing, making it tougher for some people to obtain home loans.
Today I thought I would take a look at some of the things that are changing, along with some things you should avoid doing when you’re trying to get a loan.
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Prosper Taxes The following is for reference only. I am not a tax advisor nor am I offering any advice on your taxes. If you have specific questions about your situation you should consult with a tax professional. This information should apply to Lending Club as well. However, since I do not...... -
2009 Federal Energy Tax Credits What you may know as the $700 billion dollar bailout is actually called the Emergency Economic Stabilization Act of 2008. Much of this act probably made you feel upset and even alienated. One of the positive things that is coming from this Emergency Economic Stabilization Act of 2008, however, is......
At the end of the 2010 there will be a tax increase for all taxpayers, if something isn’t done. Back in 2001 the Bush administration helped to get an across the board tax cut passed that effectively lowered the marginal tax rates for all people paying taxes. (If you didn’t pay taxes, it doesn’t matter too much does it?). Now those cuts are expiring and on January 1st, 2011 the new marginal tax rates will go into effect unless extended by legislation.
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What Happens When Demand for US Debt Dries Up? Over a year ago, I wrote about China threatening to stop buying US Treasuries. According to an article in the New York Times, it now looks like China is losing it's appetite for US debt : In the last five years, China has spent as much as one-seventh of its...... -
10 Economic Predictions for 2010 Before I begin, please do be aware I am not a financial or economic expert by any stretch of the imagination. Therefore please take in the content of this post with a critical degree of skepticism. From where I am sitting, this is what I forecast for our immediate......
It was announced this past week that the Department of the Treasury will be issuing a new redesigned $100 note on February 10, 2011. It has been overhauled and has been updated to include a ton of new features to help thwart counterfeiters. Over a decade of research and development went into its new security features.
New Security Features Of The New $100 Bill
- 3-D Security Ribbon: There is a blue ribbon woven into the bill itself (not on top of the paper) that when you tilt the bill will show italics “100″s written vertically.
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Ancil Hoffman Golf Course, Carmichael, CA Ancil Hoffman Golf Course is located in: Carmichael, CA Phone: (916) 482-3813 Website: http://www.ancilhoffman.com Course History: This course was designed by the renowned architect William Bell and first opened in 1965. It is easily one of the best courses in the Bay Area and offers quite a challenge to most...... -
Alternative Treatments For Sports Injuries Love the sport, but hate the pain? For pain and the sports enthusiast, you are not alone. According to the National Institute of Health, in a two year period adults age 25 and over sustained nearly 2.3 million sports and recreational injuries. Here are some ways you can get back......
Credit Card Accountability, Responsibility and Disclosure Act (CARD) of 2009
On May 22nd, 2009 Barack Obama signed new legislation into law called the Credit Card Accountability, Responsibility and Disclosure Act of 2009 (Credit CARD Act). The law was supposed to force credit card companies to become more transparent with their fees, interest rates and other provisions, and create a more consumer friendly environment. Whether or not that will actually happen is still up for debate. As of yesterday, February 22nd, 2010, the law is now in effect.
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How Interest Rates Affect Market Sentiment? Develop your own forex trading system.You will be wondering what the factors that influence market sentiments are. Interest rates play a major role affecting the supply and demand of currencies in the global financial markets. Trends in interest rates are one of the most significant factors influencing market sentiment. Discover...... -
Interest for savers slashed to just 0.1% Banks and buildings societies have silently slashed savings rates over the holidays, with many accounts returning a penny in the pound or 0.1% interest. Lloyds TSB, Halifax, Abbey, Barclays, Alliance and Leicester, NatWest, Nationwide and Royal Bank of Scotland all reduced their rates on variable interest accounts. Egg and Yorkshire......
Fresh off of a $787 billion stimulus package passed in February of 2009, congressional Democrats are now beginning to talk about passing a second, more modest stimulus package sometime within the next few months – aimed at easing the unemployment crisis. From Reuters:
Congressional Democrats’ push for another U.S. stimulus package got a boost on Tuesday from an analysis that found their earlier effort had blunted the impact of the worst economic downturn in 80 years.
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Small Business Tax Benefits from the 2009 Stimulus Package The 2009 Stimulus Package or American Recovery and Reinvestment Act (ARRA) is now law as it was passed by both houses of Congress and signed by President Obama. How does the small business fare under this new set of incentives and tax breaks? The package attempts to help small businesses...... -
TransUnion Reveals National Credit Card Debt on the Rise TransUnion.com, one of the three major credit bureaus, released the results of an analysis study of the trends in credit card lending specifically for the third quarter of 2008, revealing that credit card debt is on the rise. The report is one part of an ongoing series of quarterly consumer......








Obama Administration Urges Congress To Pass Another $200 Billion Stimulus Package
As the effects of the $787 billion stimulus package of last year begin to wear off, the Obama administration is now looking at the option of passing yet another “limited” stimulus package to help dig the economy “out of a deep valley”. Without it they fear that the slow gains our economy has made this year could be lost. The Financial Times explains:
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