The American economy is in crisis, with wild swings in equities markets, abysmal consumer confidence, persistently high unemployment and a collapsed housing market. Rather than facing the challenges of the present, the nation’s leadership class is wedded to a set of policy prescriptions developed in another age, before the financial meltdown of 2008 and the [...]
TOKYO - The Bank of Japan kept its policy settings unchanged on Wednesday, saving up its scant ammunition for later, while the yen stabilized in the wake of Switzerland’s radical action to curb its soaring currency. But growing uncertainty over the global outlook and the Swiss move to set a ceiling for its currency against [...]
Your home has become a depository of stuff you have no use for anymore — from that peasant blouse that looked cute 10 pounds ago to the MP3 player you unceremoniously ditched after falling in love with your iPhone. Want to unload your junk and make a quick buck in the process? Here’s a rundown [...]
Like many aspiring home buyers, Gil Lopez, 29, is striving to find the right neighborhood for his young family. His bank has qualified him for a loan large enough to buy a $300,000 home, but he has set his own price cap firmly at $230,000 as he searches through north San Diego County. Affordability is [...]
The postmaster general is going to Congress to discuss the Postal Service’s mounting debt. Postmaster General Patrick Donahoe is among the witnesses scheduled to appear Tuesday before the Senate Homeland Security and Governmental Affairs Committee. The Postal Service is facing a second straight year of losses of $8 billion or more. A decline in mail [...]
The macaron will never be just another pastry, ifLaduréehas anything to do with it. As the iconic bakery and tearoomfounded in 1862opens new locations across the globe, it wants to remain firmly French. “When you walk in, you feel like you’re in Paris,” owner David Holder told DailyFinance outside of hisfirst American boutique, which opened [...]
Sometimes public pressure really does pay off: There are signs that complaints from consumers and regulators about the lack of credit card contract transparency at banks have not fallen on deaf ears. CardHub.com recently released the results of its 2011 Credit Card Application Study. They visited the websites of the top 10 issuers, based on [...]
For many households, it’s a personal fiance dilemma: Should they try to pay down debt first, or build up savings? In the aftermath of the Great Recession, opinions have clearly tipped toward the ditch-your-debt side. According to the August poll by the National Foundation for Credit Counseling, Americans are choosing to deal with what they [...]
Kelly, 51, a mother of five who lives in the Midwest, wants to get back into the workforce after a 20-year absence. Her family isn’t in financial trouble — not yet, anyway — because she and her spouse have studiously avoided debt, even paying off their mortgage, and they have some cash-producing investments. But her [...]
TEHRAN (Reuters) – India has paid off all oil debts to Iran accumulated this year due to a sanctions-related problem, Iran ‘s Central Bank Governor Mahmoud Bahmani told the official IRNA news agency on Sunday. “Although all the $5 billion of India’s oil debt has been cleared, because of selling oil again Iran will always [...]
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