January 2010 Archives

Strategies: Making Obama's small business plan work

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USA TODAY

By: Rhonda Abrams

January 29, 2010

 

I'm guessing someone on President Obama's speech-writing staff knows something about search-engine optimization because the president used the phrase "small business" no less than 14 times in his State of the Union speech Wednesday.

USA TODAY

By: Richard Wolf

January 29, 2010

 

WASHINGTON -- President Obama will promote tax cuts for small businesses Friday as he continues his renewed focus on job creation, but some of the nation's job creators are dubious.

Obama Makes Auto IRA, Retirement Savings a Focus

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ABC News

By: Dave Carpenter

January 28, 2010

 

President Barack Obama is launching an effort to help Americans save more for retirement, hoping a government nudge or two can get them to do what many are unable to do on their own.

A 'Systemic Shift' in Small Business Lending

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BusinessWeek

By: John Tozzi

January 22, 2010

 

As banks cut back on lending directly to small businesses, CDFIs are expanding their role and tapping recently formed bank holding companies for capital

New unit investigates unfair lending to minorities

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The Washington Post

By: Adrian Sainz

January 14, 2010

 

MIAMI -- A new unit of the Justice Department is investigating the lending practices of banks and mortgage brokers suspected of discriminating against minority borrowers.

The Washington Post

By: Krissah Thompson

January 18, 2010

 

As Congress looks to pass a second stimulus, groups that represent small, minority and women-owned businesses are eager to assess how much their companies have benefited from the $787 billion infusion of cash pushed through by the Obama administration 11 months ago.

Business Wire

January 27, 2010

 

SAN FRANCISCO--(BUSINESS WIRE)--A new qualitative research study released today by the California-based non-profit EARN has found that the vast majority of low-income workers that participated in the organization's Individual Development Account (IDA) matched savings program continue to save money and practice good personal financial habits.

What's in Obama's middle-class plan for you?

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MarketWatch

By: Jennifer Waters

January 27, 2010

 

CHICAGO (MarketWatch) -- President Obama's proposed initiatives aimed at bringing peace of mind back to middle- and low-income earners won't do much to stimulate the economy and in general don't help the unemployed but could represent a tiny beacon for many struggling Americans in this recessionary storm.

Earned income tax credit can break 'cycle of poverty'

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The Providence Journal

By: Neil Downing

January 26, 2010

 

PROVIDENCE - A program known as the earned income credit can help lift people out of poverty.

Risking America's Return On Investment

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Forbes

By: Arnold L. Mitchem

January 26, 2010

                     

If we want to bridge the gap in education, government should invest in proven programs.

The Christian Science Monitor

By: David Grant

January 25, 2010

 

President Obama and Vice President Biden laid out a package of middle class incentives and proposals Wednesday, including a child-care tax credit increase and limiting student loan payments to 10 percent of a graduate's income after factoring in a basic living allowance.

The Huffington Post

By: Emily Goligoski

January 25, 2010

 

Finance conversations during the first weekend of the Sundance Film Festival tend to center around distribution deals and the price of heeled boots, so discussions about economic motivators to end domestic poverty are particularly refreshing.

Obama Plans to Cut Student Loan Payments

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Forbes

By: David K. Randall

January 25, 2010

 

Plan would cap monthly payments on federal student loans.

A Payroll Tax Break for Jobs

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The New York Times

By: Charles E. Schumer and Orrin G. Hatch

January 25, 2010

 

WITH the national unemployment rate at 10 percent, and more than 15 million Americans looking for work, ideas to spur job creation are at the forefront of everyone's minds.

The Christian Science Monitor

By: Mark Trumbull

January 25, 2010

 

President Obama's latest economic relief effort, unveiled Monday, comes as America's middle class is by key measures slipping backward.

The Washington Post

By: Kenneth R. Harney

January 23, 2010

 

If you've been holding back on getting involved with the new $6,500 federal tax credit for repeat home purchases, there's no more excuse for inaction.

The New York Times

By: Sheryl Gay Stolberg

January 24, 2010

 

WASHINGTON -- President Obama will propose in his State of the Union address a package of modest initiatives intended to help middle-class families, including tax credits for child care, caps on some student loan payments and a requirement that companies let workers save automatically for retirement, senior administration officials said Sunday.

An Alternative to Payday Lenders

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The Huffington Post

By: Gavin Newsom

January 22, 2010

 

We've all seen them.

Buy U.S. Savings Bonds

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The Charleston Gazette (West Virginia)

By: Dianne Browning

January 22, 2010

 

CHARLESTON, W.Va. -- During Labor Day weekend, as we enjoyed the waning days of summer, President Obama announced that the option to buy a U.S. Savings Bond with a tax refund or credit was going to be available on the 2010 tax form, IRS 1040.

Closing the gap in wealth

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The Bay State Banner

Editorial

January 7, 2010

 

With this issue, the Bay State Banner launches a new monthly section called "BannerBiz."

Rethinking Ways to Give Wisely

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BusinessWeek

By: Amy Feldman

January 13, 2010

 

As a new generation of donors seeks greater accountability from not-for-profits, advisers are seeking new ways to gauge the good an organization accomplishes

Interview with Richard Thaler

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The New Yorker

By: John Cassidy

January 21, 2010

 

Posted by John Cassidy This is the eighth in a series of interviews with Chicago School economists. Read "After the Blowup," John Cassidy's story on Chicago economists and the financial crisis. (Subscribers only.)

Tax opportunities during taxing times

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Indian Country Today

By: Tracey Fischer

January 21, 2010

 

The Internal Revenue Service has designated Jan. 29 as Earned Income Tax Credit Awareness Day.

Consumers score a win on credit card rules

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CNNMoney.com

By: Jennifer Liberto

January 14, 2010

 

NEW YORK (CNNMoney.com) -- Consumers scored a few unexpected victories in a set of Federal Reserve rules issued earlier this week.

2010 Census: what you need to know

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Christian Science Monitor

By: Ron Scherer

January 20, 2010

 

The 2010 US Census starts soon. At stake are billions of federal dollars - and maybe your representative's job.

Harder to get an Uncle Sam mortgage

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CNNMoney.com

By: Tami Luhby

January 19, 2010

 

It's going to be harder to get a government-backed mortgage from now on.

PRNewswire

January 19, 2010

 

Pilot program will facilitate financial education initiatives in underserved communities

The Washington Post

By: Lori Montgomery

January 20, 2010

 

Faced with growing alarm over the nation's soaring debt, the White House and congressional Democrats tentatively agreed Tuesday to create an independent budget commission and to put its recommendations for fiscal solvency to a vote in Congress by the end of this year.

The Boston Globe

By: Humberto Cruz

January 16, 2010

 

So you think you're good at dealing with day-to-day financial matters. Seventy percent of Americans rate their financial knowledge as high.

Um, Pathetic

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The New Yorker

By: Hendrik Hertzberg

January 11, 2010

 

"All violent feelings have the same effect," John Ruskin wrote, in one of his most famous essays.

Remembering the Little People: Accounting for Kids

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The New York Times

By: Nancy Folbre

January 18, 2010

 

Nancy Folbre is an economics professor at the University of Massachusetts, Amherst.

Microlenders making a big difference

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The San Diego Union-Tribune

By: Dean Calbreath

January 19, 2010

 

As little as $300 crucial lifeline for borrowers

Appointments

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The Washington Post

January 18, 2010

 

Associations/Nonprofits

 

The Corporation for Enterprise Development of the District named Stephen Crawford, former deputy director of the Brookings Institution's metropolitan policy program, vice president for policy and research; Melissa Bradley-Burns, Sarah Rosen Wartell and Robert Kottler members of the board of directors; and Brandee McHale vice chairman.

Federal News Service

January 14, 2010

 

(AS RELEASED BY THE DEPARTMENT OF JUSTICE)

The Washington Post

By: V. Dion Haynes

January 15, 2010

 

Unemployment for African Americans is projected to reach a 25-year high this year, according to a study released Thursday by an economic think tank, with the national rate soaring to 17.2 percent and the rates in five states exceeding 20 percent.

How to Teach Kids About Money

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TIME

By: Barbara Kiviat

January 15, 2010

 

Of all the lessons taught by the financial crisis, the most personal has been that Americans aren't too slick with money.

Group provides help for new entrepreneurs

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Des Moines Register

By: Renda Lutz

January 9, 2010

 

Michael Carter Jr. doesn't have to rely on luck, hoping the third time is a charm for opening a business.

Top public universities faulted on financial aid

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The Washington Post

By: Jenna Johnson

January 14, 2010

 

Many of the nation's top public universities are giving millions of dollars in financial aid to students from relatively wealthy families instead of to those who urgently need it, resulting in campuses that are often less diverse than those at elite private schools, a new report says.

The Christian Science Monitor

By: Paul van Slambrouck

January 13, 2010

 

Their names are in Spanish, but easy to translate. La Millonaria. La Fortuna. And tonight, with arms raised in triumph and a collective whoop, Los Campeones are born.

Savers get a boost for college, housing and businesses

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The Washington Post

By: Susan Kinzie

January 14, 2010

 

 

When Tory Myles first heard about a program that would triple the money she was saving for college, it sounded too good to be true.

America's Financial Illiteracy

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Forbes.com

By: Thomas F. Cooley

January 13, 2010

 

Protecting consumers in the confusing world of modern finance.

The Washington Post

By: Ylan Q. Mui

January 13, 2010

 

Consumers will have to divulge more personal information to apply for store credit cards -- possibly putting the brakes on so-called instant credit -- under sweeping industry reforms finalized by the Federal Reserve on Tuesday.

Abilene Reporter News (Texas)

By: Terry E. Johnson

December 23, 2009

 

A wise man once said, "The greatest thing you can do for a person is not share your riches with him, but reveal him to his own".

The Christian Science Monitor

By: G. Jeffrey MacDonald

January 12, 2010

 

Investors find a more profitable place to stash cash than banks. Bonus: It's also socially responsible.

Site Raises Money for Savings Programs

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The Chronicle of Philanthropy

By: Nicole Wallace

January 11, 2010

 

A new organization in Seattle is adopting the approach used by Kiva to help low-income workers who are saving to go to school, buy a home, or start a small business.

Federal money coming to Dover group for Head Start

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Daily Record

By: Michael Daigle

January 12, 2010

 

The multi-county social service provider NORWESCAP has expanded its Dover-based Early Head Start program and added programs designed to help low-income residents of Morris County save more money and improve their budgeting skills.

CNNMoney.com

January 11, 2010

 

New $99 Million Haven for Hope Will Address Root Causes of Homelessness; Equity Investment by Wells Fargo Supports $40 Million in New Markets Tax Credit Funding

To jumpstart US job market, turn workers into owners

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The Christian Science Monitor

By: Melissa Hoover and Beadsie Woo

January 11, 2010

 

Many Americans build wealth through their home. Why not through work

Teaching Green, Beyond Recycling

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The New York Times

By: Mireya Navarro and Sindya N. Bhanoo

January 10, 2010

 

Jose Chirino, a 10th grader in Brooklyn with shoulder-length hair and a thin mustache, says flatly that his high school was his last choice.

Black Teenage Males Crushed By Unemployment

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NPR

By: Sam Sanders

January 10, 2010

 

More than half of black males between the ages of 16 and 19 are unemployed, according to the U.S. Bureau of Labor Statistics. And that's only counting those seeking work.

After 6-year wait, protection from bad credit reports

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The Washington Post

January 9, 2010

 

For mortgage applicants and home purchasers, it has been a six-year wait, but the Federal Trade Commission and the Federal Reserve finally have come out with important consumer credit protection rules first required by Congress in 2003.

The New York Times

By: Jackie Calmes

January 8, 2010

 

WASHINGTON -- President Obama keeps trying to turn attention to "jobs, jobs, jobs," as his chief of staff has put it.

The New York Times
By: Jennifer Mascia
January 7, 2010

Six years ago, Sheila Salmon, a retired educator and librarian, picked up The New York Times and read a Neediest Cases article about a retired bank executive who volunteered at a senior center.

"After I finished the story, I said, 'That's for me,' " Ms. Salmon, now 76, recalled.

New Hampshire Union Leader
By: Roger Amsden
January 7, 2010

GILFORD - Residents of Lakes Region Mobile Home Village, a 100-unit community on Old Lakeshore Road, completed the purchase of the manufactured housing park last week.

The New York Times
By: Paul Krugman
January 7, 2010 

Health care reform is almost (knock on wood) a done deal. Next up: fixing the financial system. I'll be writing a lot about financial reform in the weeks ahead.

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