March 2010 Archives

New Tool for Building Credit: Prepaid Cards

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US Banker  
By: Will Hernandez
March 30, 2010    

People can use prepaid cards to help build a credit history, thanks to a new system being welcomed by advocates for the underbanked.
The New York Times
By: Julie Bosman
March 30, 2010

An unusual and much-heralded program that gave poor families cash to encourage good behavior and self-sufficiency has so far had only modest effects on their lives and economic situation, according to an analysis the Bloomberg administration released on Tuesday.
Flagpole Magazine (Georgia; CFED)
By: Andre Gallant
March 31, 2010

"We're creating a new animal in a short period of time," says Gwen O'Looney of the micro-enterprise development work underway at ACTION, Inc. The former Athens mayor is managing a $1.2 million American Recovery and Reinvestment Act grant that bolsters much of ACTION's anti-poverty and community stabilizing work, but with a portion of the funds, O'Looney is nurturing an economic development tool that targets low-income Athenians who lack access to traditional credit.
The Washington Post
By: Renae Merle
March 30, 2010

The Obama administration announced Monday that it is expanding by $600 million a fund aimed at helping states tackle the foreclosure crisis with locally tailored approaches.
The Boston Globe
By: Humberto Cruz
March 30, 2010

Start small if you must, but start. And then keep saving your money -- automatically, if possible.

Spurt of Home Buying as End of Tax Credit Looms

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The New York Times
By: David Streitfeld
March 29, 2010

DES MOINES -- Nine hundred days after putting their house on the market, Andrew and Jane Palestini were beginning to think they might be stuck in Iowa forever.

SBA's Lending Capacity Expanded Again

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New Mexico Business Weekly
March 29, 2010

The U.S. Small Business Administration will continue to provide enhancements on its two largest small business loan programs under the federal recovery act, thanks to an extension signed by President Barack Obama.

Many Put Food, Gas Before Mortgage

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The Atlanta Journal-Constitution
By: Rana Cash
March 30, 2010

You're officially drowning in debt and at the deepest end is a mortgage that amounts to more than your house is actually worth.

Peers Share Sage Fiscal Advice

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Newsday
By: Patricia Kitchen
March 30, 2010

Hana Park, Amanda Vardi and Boris Manakhimov may not be financial gurus - at least not yet - but they are 20-somethings who are sharing what they know about basic money management to help their peers.

Building Blocks for a Solid Middle Class

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The News & Observer (North Carolina)
By: Alexandra Forter Sirota
March 26, 2010

Vice President Joe Biden visited North Carolina last week to discuss the Obama administration's Middle Class Task Force and to tour a local "green" manufacturing plant. Biden's visit and the first annual report from the task force, released last month, signal a renewed commitment to rebuilding the American middle class. This is welcome news.

Coming to America: Third World Microlending

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NPR
March 27, 2010

America's small-business owners are finding themselves cut off from the money they need, as banks drastically reduce credit limits and freeze lending. True to the entrepreneurial spirit, however, they're finding a new solution -- from the third world.

NBC Denver

March 27, 2010

DENVER - From balancing a checkbook to learning how to save for retirement: financial questions, both simple and complex, are answered at the King Trimble Economic Prosperity Center. That is just what founders wanted.

Free Advice On Money For Those With Little

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The New York Times
By: Fernanda Santos
March 29, 2010

For three years, Juan Maldonado worked in a sleek skyscraper in Midtown, reconciling stock trades at a Lehman Brothers subsidiary that managed $216 billion in assets. These days, he toils in a cramped, decidedly unglamorous office in southeastern Queens, helping the poor and the unemployed stretch budgets that often amount to a couple of hundred dollars a week.

Taking Everyone Into Account

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Crain's Cleveland Business
By: Arielle Kass
March 22, 2010

Institutions aim to wake up 'unbanked' to value of saving money, dealing in financial mainstream

Not everyone has a bank account. There are some people - many people, in fact - who deal on the outskirts of the financial system. They go to check cashers or payday lenders; they keep their money on their person or under their mattress.

A Bold U.S. Plan to Help Struggling Homeowners

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The New York Times
By: David Streitfield
March 26, 2010

Will it work this time?

Once again, the federal government is adding to its arsenal of programs for troubled homeowners, seeking to help those who urgently need it while neither angering nor creating perverse incentives for those who do not.

MOC Offers Tax Help for Many Area Residents

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Fitchburg Pride
By: Karen Mann
March 26, 2010

Although it is a requirement to file a tax return each year, how to do so is not taught in school, or at the workplace. This means that many people are left with the decision to try to figure out their own tax return as best they can, or suck up their pride, open their wallets, and hire a professional to do it for them.
Richmond Times-Dispatch
By: Iris Taylor
March 21, 2010

University of Richmond junior Kerrissa Richards feels blessed. She attends school courtesy of a scholarship that pays 100 percent of her tuition.
The New York Times
By: David Streitfield
March 25, 2010

The Obama administration on Friday will announce broad new initiatives to help troubled homeowners, potentially refinancing several million of them into fresh government-backed mortgages with lower payments.

Escaping From Poverty

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The New York Times
By: Nicholas  D. Kristof
March 24, 2010

Before I ask for a drumroll and reveal "the secrets" of fighting poverty, a bit of background:
The New York Times
By: Jodi Kantor
March 24, 2010

WASHINGTON -- Ask Elizabeth Warren, scourge of Wall Street bankers, how they treat consumers, and she will shake her head with indignation. She will talk about morality, about fairness, about what she calls their "let them eat cake" attitude toward taxpayers. If she is riled enough, she might even spit out the Warren version of an expletive.

Program helps first-time homebuyer

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Contra Costa Times
By: Eve Mitchell
March 24, 2010

Like many first-time homebuyers looking in today's real estate market, Christina Estrada had to compete with all-cash investors and buyers with hefty down payments.

Columbus County receives aid for homebuyers

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Star News
By: Wayne Faulkner
March 25, 2010

Columbus County is one of two North Carolina counties awarded Community Development Block Grants to provide down-payment assistance and financial literacy training for first-time homebuyers, N.C. Commerce Secretary Keith Crisco announced.

Data Show Decline in Mobility in U.S.

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The New York Times
By: Sam Roberts
March 23, 2010

Americans stung by the recession and the burst housing bubble hunkered down as the decade ended. As a result, hot spots in the South and the West that had surged in population after 2000 grew more slowly or lost migrants to other places, according to census data released Tuesday.
San Francisco Chronicle
By: Rebecca King
March 23, 2010

As a fledgling 30-something female sheep farmer, I rack up more than my share of Little Bo Peep jokes. In reality, I haven't lost my sheep.I know exactly where to find them because they're the key to my successful cheese-making start-up enterprise and my farm outside Watsonville.
The New York Times
By: David Leonhardt
March 23, 2010

For all the political and economic uncertainties about health reform, at least one thing seems clear: The bill that President Obama signed on Tuesday is the federal government's biggest attack on economic inequality since inequality began rising more than three decades ago.

Tax Refunds Up 10% Due to Stimulus

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CNN Money
By: Ben Rooney
March 22, 2010

NEW YORK (CNNMoney.com) -- White House officials said Monday that tax credits launched under last year's economic recovery bill have boosted the average refund by nearly 10% from the previous year.
The Washington Post
By: Zachary A. Goldfarb
March 23, 2010

The Obama administration plans to begin a public debate next month on how best to overhaul Fannie Mae, Freddie Mac and the nation's housing finance system.
The Washington Post
By: David Cho and Brady Dennis
March 23, 2010

The Senate banking committee voted along party lines Monday to transform the regulation of financial markets, sending another piece of far-reaching legislation to the full Senate a day after Congress approved an overhaul of the nation's health system.
The Grand Rapids Press
By: Kyla King
March 20, 2010

Each year, more than $14 million in tax credits go unclaimed by Kent County residents who qualify.

Microloans Aid Lindsay's Laid-off Workers

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The Fresno Bee
By: Lewis Griswold  
March 20, 2010

LINDSAY -- Thirty-three proud employees at the city-owned McDermont Field House -- a three-story recreation center that draws people from miles around -- were crushed when they received pink slips in a budget crunch late last year.

Finding in Foreclosure a Beginning, Not an End

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The New York Times
By: John Leland
March 21, 2010

BOSTON -- Jane Petion lived in her home for 15 years and saw its value rise slowly, rise rapidly and, when the housing bubble burst, plunge at a sickening pace that left her owing $400,000 on a house worth closer to $250,000. Last June, her lender foreclosed on the property. The family received notices of eviction and appeared in housing court.

Do you know how much to save for retirement?

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The Washington Post
By: Michelle Singletary
March 21, 2010

When my eyesight began to give me trouble, I tried to ignore it.

Starting Over Solo

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The Wall Street Journal
By: Sarah E. Needleman
March 21, 2010

In January, David Sullivan was let go from an insurance company. Fourteen days later he started working again -- for himself.

'Bank On Memphis' to Reach 'Unbanked'

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Memphis Daily News
By: Andy Meek
March 19, 2010

Joe DiNicolantonio, West Tennessee area president for Regions Bank, was one of more than two dozen bankers who got a letter from Memphis Mayor A C Wharton Jr. in the past few weeks.

Supply of Foreclosed Homes on the Rise Again

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Wall Street Journal
By: James R. Hagerty
March 19, 2010

The supply of foreclosed homes that banks need to sell is rising again, signaling further downward pressure on home prices in some parts of the U.S.

Octogenarians Get Share of the American Dream

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Star Tribune
By: Kara McGuire
March 16, 2010

The housing bust and tax credit helped these fixed-income retirees buy their first house.
NY1
By: Tara Lynn Wagner
March 18, 2010

The Internal Revenue Service says when it comes to filing taxes, mistakes are pretty common, but taxpayers are more likely to not take appropriate tax breaks.

The News Journal
By Rhona B. Graham
March 18, 2010

In the Holy Grail hunt for job creation, it's possible that the tax season is a likely contributor.

Extremism in the Defense of "Liberty" is a Vice

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NC Policy Watch
By: Bill Schweke
March 11,  2010

Though it was penned nearly half a century ago in support of a losing candidate, many Americans are still familiar with the phrase, authored by speechwriter, Karl Hess, for presidential candidate, Barry Goldwater, which stated: "Extremism in the defense of liberty is no vice"

Credit Union Unit Receives Grant

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Des Moines Register (IDA)
March 17, 2010

The Northwest Area Foundation has awarded the Iowa Credit Union Foundation a $165,000 grant to expand its Credit Union Family Partnership Individual Development Accounts program.

Why They Walk Away

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Los Angeles Times
By: Alana Semuels
March 17, 2010

Underwater on their mortgages and angry at banks, more homeowners are 'strategically defaulting.'
New York Times
By: Edward Wyatt; Sewell Chan contributed reporting.
March 17, 2010

When in doubt, conduct a study.

That, in short, is the regimen prescribed by both the House and the Senate bills proposing a regulatory overhaul of the banking and financial industries.

PNN Online
March 17th, 2010

The Citi Foundation has won a 2010 Community Reinvestment Award for its support of the Corporation for Enterprise Development's Self-Employment Tax Initiative, a national project that delivers business development services to low-income entrepreneurs during the annual income tax filing process.

Reform Bill Adds Layers of Oversight

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New York Times
By: Sewell Chan
March 15, 2010

WASHINGTON -- The 1,336-page bill to overhaul financial regulation that Senate Democrats put forward on Monday with the backing of the Obama administration calls for Washington to play a more active role in policing Wall Street.

Americans Find the Dream Harder to Achieve

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Cincinnati Enquirer
By: Greg Korte
March 14, 2010

Americans believe the American Dream is in trouble: 60 percent say the dream is harder to achieve for them than it was for their parents, and 68 percent say it will be even more difficult for their children.

Denver Business Journal
By: Paula Moore
March 15, 2010

Clayton Homes has completed one of its super-green modular homes, called the "i-house," in Evans, Colo., just south of Greeley.

To review legislative proposals designed to create jobs related to energy efficiency, including a Majority Staff Draft on energy efficient building retrofits;
Testimony by: Stacey Epperson
March 11, 2010

Daily Camera
By: Amy Bounds
March 12, 2010

Adrienne Lauer tried out and interviewed twice before scoring a pastry chef job at Boulder's acclaimed Frasca Food and Wine.

But that job meant moving from Denver to Boulder to avoid wasting hours commuting. A single mom, all she could find to rent in her price range was a one-bedroom apartment. She slept on the couch for almost two years so her son could have the room.

The Washington Post
By: Renae Merle
March 13, 2010

About 90,000 distressed borrowers have lost their mortgage aid under the government's foreclosure prevention plan, and many more are at risk of losing the help, according to Treasury Department data released Friday.

Loan Squeeze Thwarts Small-Business Revival

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The Wall Street Journal
By: Mark Whitehouse
March 15, 2010

YPSILANTI, Mich.--Thomas Harrison, chief executive of Michigan Ladder Co., has a plan that would contribute to the U.S. economic recovery: Expand the 108-year-old company, adding at least 20 jobs in the process. His chances of getting the loan of $300,000 or more he needs to do so, though, depend in part on what happens to folks like home builder James Haeussler.
Dallas Morning News
By: Pamela Yip
March 15, 2010

A friend of mine pays her bills with money orders. She hesitates to use her checking account because she fears becoming overdrawn.

Should you buy or rent?

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The Boston Globe
By: Shira Springer
March 14, 2010

The soft real estate market and soon-to-expire tax credit may tempt you to commit to a home purchase. But does it make practical and financial sense? Here's what to weigh.
Newsday
By: Mark Miller
March 13, 2010

Janice Johnson left her job as a managing director at a major New York financial services company at age 49 to start her own executive training business. Almost immediately, that plan was sidetracked when her mother became seriously ill with the West Nile virus. Traveling to Mississippi where her mother lived to provide care became Johnson's main occupation for the next two years.

43% have less than $10k for retirement

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CNNMoney
By Chavon Sutton
March 9, 2010

NEW YORK (CNNMoney.com) -- The percentage of American workers with virtually no retirement savings grew for the third straight year, according to a survey released Tuesday.
Washington Post
By: Ben Pershing
March 11, 2010

The Senate approved a $140 billion package of tax breaks and aid to the unemployed Wednesday, the most substantial effort by the chamber to boost the nation's economy since it passed the stimulus bill last year.
Investment Business Weekly (IDA; ADD)
March 21, 2010

According to recent research from the United States, "Homeownership is a desirable goal for most Americans and is considered an integral part of the American Dream. Empirical studies indicate homeownership has many positive outcomes."
Congressional Quarterly (Scorecard)
Testimony-By: William Bynum
March 9, 2010

Committee on House Financial Services

Senate jobs bill moves toward final vote

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Washington Post
By: Ben Pershing
March 10, 2010

Jobs bill moves toward final vote

Baltimore gets $300K for first-time homebuyers

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Baltimore Business Journal
By: Ryan Sharrow
March 9, 2010

Baltimore has been awarded $300,000 to assist 60 low-income families become first-time homebuyers.
San Mateo County Times
By: Neil Gonzales
March 9, 2010

ATHERTON - A Menlo College pilot project seeks to help teens navigate the increasingly complicated world of finances while giving them a jump-start toward higher education.

A Consumer Bill Gives Exemption on Payday Loans

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New York Times
By: Sewell Chan
March 9, 2010

WASHINGTON -- Senator Bob Corker, the Tennessee Republican who is playing a crucial role in bipartisan negotiations over financial regulation, pressed to remove a provision from draft legislation that would have empowered federal authorities to crack down on payday lenders, people involved in the talks said. The industry is politically influential in his home state and a significant contributor to his campaigns, records show.
Pittsburgh Post-Gazette
By: Tim Grant
March 09, 2010

Women of all races bring home less income and own fewer assets, on average, than men of the same race, but for single black women the disparities are so overwhelmingly great that even in their prime working years their median wealth amounts to only $5.
Star Tribune (Minnesota)
By Kara McGuire
March 8, 2010

Jack the cat was sick of living in a basement apartment and yearned for his own window ledge. His owners, Nou Thao and Brian Bussey, were ready to move, too. Fortunately for the engaged couple, their timing couldn't be better. Interest rates are at rock bottom, properties are more affordable than they've been in years, and dozens of valuable home-buying incentives are enticing buyers into the market.

Are unemployment benefits no longer temporary?

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Washington Post
By Michael A. Fletcher and Dana Hedgpeth
March 9, 2010

Millions of Americans have been forced to rely on unemployment payments for extended periods as the nation struggles through its longest period of high joblessness in a generation, and critics are taking aim, saying that the Depression-era program created as a temporary bridge for laid-off workers is turning into an expensive entitlement.

Consider how Texas ranks when voting

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Lubbock Avalanche-Journal (Scorecard)
By: Sara McLarty
March 9, 2010

Texas was given a "D" grade by the Corporation for Enterprise Development for how families are doing in the economic turndown. CFED notes Texas is trailing behind the rest of the country in health care resources, education (our teachers rank 48th in salary compensation), and asset-building policies and outcomes. Texas has more children uninsured than any other state: a whopping 1,526,180; and more than 4 million uninsured adults. And Texas emits more pollutants into the air than any other state. Voters need to know these facts when casting ballots in the primaries and in the fall elections. Voting has consequences.

City reaches deal with financial advice site

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San Francisco Chronicle
By: Carolyn Said
March 9, 2010

In an effort to make San Franciscans more financially fit, the city today plans to announce a partnership with a Web site called HelloWallet.com that offers independent advice on money matters.

WikiLoan's Card Program Moving Forward

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CNNMoney
March 8, 2010

DELRAY BEACH, Fla., March 8 /PRNewswire-FirstCall/ -- WikiLoan, Inc. (OTC Bulletin Board: WKLI), a financial social network today announced that it expects to receive final design and specifications for the first stage product of "Wiki" branded phone cards to be sold through SDI's distribution channel that reaches more than 20,000 retail locations by early next week.  The approval of the design and specifications will be the first real step taken since executing an agreement signed last month.  

New York Times
By: Katherine Ling of Greenwire
March 8, 2010

Democrats will turn the focus to energy efficiency standards and incentive programs this week with hearings in the Senate and House energy panels.

Please Pass the Asset Test

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Star Tribune (Minnesota)

By: Kara McGuire and Sarah Gorvin

March 6, 2010

A bill at the Legislature would eliminate the asset test for food stamps, so families wouldn't have to deplete their savings to qualify.

Mom, Apple Pie and Mortgages

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New York Times

By: Robert J. Shiller

March 5, 2010

 

FOR decades, the federal government has subsidized housing -- particularly owner-occupied housing. This has been especially true during the continuing financial crisis, with Fannie Mae, Freddie Mac and the Federal Housing Administration propping up the housing market by issuing guarantees for investors on most new mortgages.


Program Will Pay Homeowners to Sell at a Loss

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New York Times

By: David Streitfeld

March 7, 2010

In an effort to end the foreclosure crisis, the Obama administration has been trying to keep defaulting owners in their homes. Now it will take a new approach: paying some of them to leave.

Economic Policy 'Nudge' Gives Way to a Shove

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Wall Street Journal

By: Jonathan Weisman

March 8, 2010

 

A little more than a year into its ascendancy at the White House, behavioral economics as a key policy-making tool may be on the wane.

Sacramento Bee

By: Anne Stuhldreher

March 7, 2010

 

Big business and advocates for the working poor often have trouble finding common ground. But that shouldn't be a problem for the next few weeks leading up to April 15. New research shows they both have more than ever at stake this year in boosting California's woefully low participation in the country's largest program for the working poor -- the earned-income tax credit. They just need to realize it.

Chicago Tribune

By: Dana Parsons

March 7, 2010

 

Kelsey Steinke thought of herself as a fairly bright college student -- except when it came to managing her finances.

A way to home ownership for minorities

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American Public Media - Marketplace

Commentary from Angela Glover Blackwell

By: Kai Ryssdal

March 4, 2010

 

Even though the Great Recession and the real estate crash are fading, African Americans are still at a greater disadvantage. Commentator Angela Glover Blackwell says that's in part because of how they were able to get into the housing market.

Washington Post

By: Ylan Q. Mui

March 8, 2010

 

Ryan Fochler's life changed six years ago when he left his job in the computer industry to buy an Arlington County-based dog-walking business with $50,000 in personal savings and a home-equity line of credit. The firm grew quickly, with revenue more than doubling each year. By 2008, Fochler was ready to expand the business into a full-fledged pet day-care service called Dog Paws 'n Cat Claws.

San Antonio Business Journal

March 5, 2010

The Financial Industry Regulatory Authority (FINRA) Investor Education Foundation is awarding millions of dollars in grant funding to support financial literacy projects nationwide.

The Charlotte Post

By: Hazel Trice Edney

March 4, 2010

WASHINGTON - A little more than a year ago, Feb. 17, 2009, newly inaugurated President Barack Obama took his first corrective action to quell the escalating economic crisis.

Wall Street Journal

By: Gary Fields

March 5, 2010

WASHINGTON--The House of Representatives moved a $15 billion jobs bill closer to final passage Thursday, but some of the targeted businesses say the measure is underwhelming and won't likely lead them to boost hiring in a big way.

Home News Tribune (New Jersey)

March 5, 2010


With the expanded homebuyer federal income tax credit currently in effect for first-time and qualified repeat buyers, now is the perfect time to consider making that big purchase, your first, or next, home.


Wall Street Journal

By: Emily Maltby

March 4, 2010

 

Small businesses want a more direct line to loans.

Boston Globe

By: Andrew Ryan

March 4, 2010

 

Mayor Thomas M. Menino of Boston, as part of an effort to spur business growth, will announce today a partnership with a nonprofit group in Charlestown that offers ``microloans'' of $500 to $50,000 to small companies unable to borrow from large banks.

Washington Post

By: Lisa Rein

March 4, 2010

 

One day in February, it was an empty, snow-covered lot in Bethesda. In 32 hours, the property held a six-bedroom, six-and-a-half-bath French country mansion with a walkout basement.

Washington Post

By: John A. Powell

March 2, 2010


As President Obama tackles the financial crisis, his policies must address the economic distress unevenly affecting Americans. Assessments of the impact cannot be reduced to abstract averages or gross aggregates. Jobless rates and other economic measures have human dimensions that vary dramatically across the nation.

Gridlock May Be Ending on Consumer Protection

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New York Times

By: Sewell Chan and Edward Wyatt

March 2, 2010

 

WASHINGTON -- A proposal to give the Federal Reserve the primary responsibility for protecting consumers from abusive and deceptive financial products emerged on Tuesday as a potential breakthrough after months of partisan gridlock in the Senate over the terms of a broad overhaul of financial regulations.

NY1

By: Tara Lynn Wagner

March 2, 2010

 

New Yorkers who are not sure what to do with their tax refund can take the advice of the Office of Financial Empowerment, and save it through the city's "$aveNYC Program."

Study Offers Assistance to Co-op Customers

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The State (South Carolina; Manufactured Homes)

By: Yvonne Wenger

March 3, 2010

 

CHARLESTON - Customers with the state's electric cooperatives, including those in Dorchester County, could receive new appliances, weather-proofing upgrades and heat pumps to make their homes more energy efficient.

Silicon Valley Community Newspapers

By: Rose Meily

March 1, 2010

 

As the Worker, Homeownership and Business Assistance Act of 2009, extending the First-Time Homebuyer Credit and expanding who qualifies, expires on April 30, the Silicon Valley Association of Realtors, a professional trade organization representing more than 4,000 people engaged in the real estate business on the Peninsula and in the South Bay, would like to share information from the Internal Revenue Service regarding the top 10 things to know about the expanded credit and the qualifications buyers must meet in order to qualify for it.

Bankers Share Lessons in Financial Literacy

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The News Journal (Delaware)

By: Edward L. Kenney

March 2, 2010


Ten-year-old Megan Francia does not have a savings account, but she believes it is a good idea.

 

"When you get older and go to college, you can have money," said Megan, a fourth-grader at Fairview Elementary School in Dover. "When you get really older, you can buy a house and a car."

U.S. Plans New Measure for Poverty

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New York Times

By: Sam Roberts

March 2, 2010


The federal government announced on Tuesday that it would begin producing an experimental measurement of poverty next year, a step toward the first overhaul of the formula since it was developed nearly a half-century ago by an obscure civil servant in the Social Security Administration.

KETV Omaha

March 1, 2010

 

OMAHA, Neb. -- A Nobel Peace Prize winner lauded Omaha's efforts to establish a bank that offers micro-loans to many living in poverty.

10 Tips for Spending Less and Saving More

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The Washington Post

By: Janet Bodnar

February 28, 2010

 

If cheap is chic, then saving is suddenly sexy. America Saves Week, which is just wrapping up, takes on new meaning when the U.S. savings rate, which had dipped into negative territory, headed up to 4.6 percent last year. The savings rate could climb as high as 6.5 percent, according to Allianz Group Economic Research.

Expanded EITC Can Provide Bigger Refund

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Fort Scott Tribune (Kansas)

By: Tribune Staff

March 2, 2010

 

Nearly 1,400 taxpayers in Bourbon County received more than $2.8 million -- an average of $2,051 per taxpayer -- in Earned Income Tax Credits last year, according to the Internal Revenue Service.

Dodd Proposes Financial Protection Agency

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New York Times

By: Sewell Chan

February 27, 2010

 

The chairman of the Senate Banking Committee on Friday proposed creating a Bureau of Financial Protection inside the Treasury Department to regulate mortgages, credit cards, payday loans and other consumer products.

Frugality Forecasts Look a Bit Generous

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Wall Street Journal

By: Kelly Evans

March 1, 2010

 

New frugality? Not so fast.

Star Tribune (Minneapolis)

By: Kara McGuire

March 1, 2010

 

I think we can all agree on one thing: Saving is good.

NeighborWorks exalts stimulus building project

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Great Falls Tribune (Montana; IDAs)

By: Travis Coleman

February 27, 2010

 

Myrtle Quincy finally has a home of her own to raise her two children, thanks to NeighborWorks Great Falls and the new Neighborhood Stabilization Program.

Recession hands kids a tough money lesson

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Sacramento Bee

By: Claudia Buck

February 28, 2010

 

Even kids can get rattled by the recession.

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