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Posts Tagged ‘ Cnnmoney ’
Americans make up half of the world’s richest 1%
Americans make up half of the world's richest 1%
NEW YORK (CNNMoney) -- The United States holds a disproportionate amount of the world's rich people.
It only takes $34,000 a year, after taxes, to be among the richest 1% in the world. That's for...
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Europe’s debt deal is falling flat
Europe's Debt Crisis
Europe's debt deal is falling flat
By Aaron Smith@CNNMoneyMarketsDecember 15, 2011: 7:52 AM ET
Germany's Angela Merkel is trying to instill Teutonic-style fiscal responsiblity throughout Europe, but bonds, stocks and the euro ar...
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Older Americans are 47 times richer than young
Older Americans are 47 times richer than young
NEW YORK (CNNMoney) -- One of the most basic tenets of the American Dream is being called into question by recent economic data. Can each new generation do better than the one before it?
So far, t...
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Did big banks leave TARP too soon?
Did big banks leave TARP too soon?
By Jennifer Liberto
@CNNMoney September 30, 2011: 5:35 AM ET
Former FDIC Chair Sheila Bair pushed for the big banks to be held to tougher capital standards before they exited TARP.
WASHINGTON (CNNMoney) -- Regulato...
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Debt After Death: Banks Chase Down Mourners
NEW YORK (CNNMoney) -- Nobody wants to remember a deceased family member by the debt they left behind, but many creditors certainly make it difficult to forget.
Denise Townley was appalled when she received a letter from her mother's credit card i...
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Michelle promises $2/gallon gas
By divine intervention?
Excerpt:
NEW YORK (CNNMoney) -- President Michele Bachmann has a promise: $2 gas.
"Under President Bachmann you will see gasoline come down below $2 a gallon again," Bachmann told a crowd Tuesday in South Carolina. "That will...
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Most Americans Can’t Afford a $1,000 Emergency Expense
NEW YORK (CNNMoney) -- When the unexpected strikes, most Americans aren't prepared to pay for it.
A majority, or 64%, of Americans don't have enough cash on hand to handle a $1,000 emergency expense, according to a survey by the National Foundatio...
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Squatter Nation: Stayin’ Without Payin’
NEW YORK (CNNMoney) -- Charles and Jill Segal have not made a mortgage payment in nearly five years -- but they continue to live in their five-bedroom West Palm Beach, Fla. home.
Lynn, from St. Petersburg, Fla., has been living without paying for th...
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Economy Makes People Sick….Literally
NEW YORK (CNNMoney) -- In 2009, the stress caused by the recession sent Katie Pfledderer to the hospital.
Her income as an advertising executive was cut by 20% and her workload increased. To make ends meet, she had to take an additional part-time j...
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Never Buy Stocks Again? Seriously?
NEW YORK (CNNMoney) -- Want to know what the hot new trend in investing apparently is? Not investing.
Even though the S&P 500 (SPX) has more than doubled from its March 2009 bear market lows, many investors still don't trust the rally according to ...
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China bumps rates again, from 6.06% to 6.31%
CNN Money
How'd you like to get a guaranteed 6% on your cash?
Excerpt:
NEW YORK (CNNMoney) -- For the fourth time in six months, China's central bank is hiking interest rates to combat rising inflation in the country.
The People's Bank of China sai...
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13 Percent of ALL U.S. Homes Are Vacant
NEW YORK (CNNMoney) -- High residential vacancies are killing many housing markets, as foreclosed homes sit on the market and depress sale prices and property values.
And it's only getting worse: The national vacancy rate crept up to just over 13%...
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What Has Economists Most On Edge: Oil Prices
What has economists most on edge: Oil prices
NEW YORK (CNNMoney) -- The U.S. economy faces numerous obstacles that threaten to derail the recovery. But economists are most fearful of one major headwind: oil prices.
More than two-thirds of ...
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Alan Greenspan: Stimulus Hurt Recovery
WASHINGTON (CNNMoney.com) -- Massive government intervention to save the economy is to blame for the lagging recovery, Former Federal Reserve Chairman Alan Greenspan said Tuesday.
Greenspan argued for less government intervention to get the recovery...
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My credit card had a 79.9% APR
My credit card had a 79.9% APR
By Blake Ellis, staff reporter
February 7, 2011: 10:46 AM ET
NEW YORK (CNNMoney) -- Toni Riss had a credit card with a 79.9% interest rate.
The 58-year-old woman from Texas thought she struck gold when she found the F...
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Oil Demand To Hit Highest Level Ever
Talk about "an inconvenient truth"......
NEW YORK (CNNMoney.com) -- Worldwide oil demand hit its highest level ever on the back of explosive growth in the developing world, according to preliminary figures in a recent report.
But the world's thirst...
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Tax cuts: Small biz fact check
Tax cuts: Small biz fact check
NEW YORK (CNNMoney.com) -- Republicans say raising taxes on the wealthy would cause small businesses to pull back on hiring. Many leading Democrats say that's nonsense. Who's right?
The answer isn't black and white, de...
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Still Waiting For Evidence of Recovery
By Heritage Ray FDIC leases almost 151,000 square feet in Schaumburg (Now here’s a growth business) The Federal Deposit Insurance Corp. has signed a short-term office lease for almost 151,000 square feet (more than half the building) in Schaumburg, Illinois to handle receiverships and asset sales for its growing roster of failed Midwestern banks....
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