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Financial News Headlines
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Recent Money Management Posts
Deficit Spending Doesn’t Work For Household Budgets
Too many people treat their household budget like it is the federal budget, but, unlike the government, you can’t print more money. If you increase spending in one budget category you need to decrease spending in another. Your only other options are to go into debt (read: put it on the credit card at 20% interest) or pay for it with savings (read: retire at age 82).
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Financial News
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Report: Corruption Aggravates Poverty
Authors say systemic corruption wastes scarce resources, neglects basic needs and does much more harm.
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Bernanke: Regulators Probe Troubled Mortgage Industry
US Federal Reserve chairman says banking regulators are looking ‘intensively’ at reported irregularities.
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Is the U.S. Foreclosure Crisis Overblown?
Hopes for housing sector recovery dashed by record-setting numbers of foreclosures – more than 100,000 in September alone.