Nearly 11 million borrowers are underwater on their mortgages, owing more than their homes are worth, according to CoreLogic, and yet home equity lines of credit are suddenly on the rise again.
During the housing boom of the last decade Americans withdrew over $1 trillion in home equity. They did it through cash-out refinances, home equity loans, and home equity lines of credit. The latter allowed them to use their homes [...]
Best Buy is laying off around 650 members of its Geek Squad, reports KARE 11.
The Geek Squad positions that work on appliances and televisions in customers’ homes are the ones being eliminated. Best Buy assures that it’s not totally cutting home service, but simply restructuring.
The workers’ last day will be August 1st if they can’t find a new spot in the company. That means that the workers will be headed to customers’ homes while they [...]
PARMA, Ohio — At an unscheduled stop at Ziggy’s Pub and Restaurant, an Amherst, Ohio bar, President Barack Obama suggested that the channel be changed when he was made aware that televisions were showing Fox News.
Obama and Fox News have gone to war frequently during his three and a half years in office — most recently over a sharply negative teaser shown on Fox and Friends that the White House took as [...]
BELLEFONTE — After hearing closing arguments today, the jury in the Jerry Sandusky child sex abuse case retreated to the deliberation room around 1:20 p.m., after the judge told them that the eight-day trial was far shorter than he had expected. He said that was thanks to the attorneys involved who came “organized.”
He also told them that the schedule of their deliberations will be up to them. They will be sequestered at [...]
May 9 (Bloomberg) — Riccardo Barbieri, chief European economist at Mizuho International Plc, talks about European Union fiscal cooperation and the prospects for another round of Greek elections in June. He speaks with Manus Cranny on Bloomberg Televisions’s "Last Word." (Source: Bloomberg)
The American Dream
Tuesday, April 10, 2012
If the talking heads on television don’t tell us about something that happens, does it make that event any less real? Of course the answer to that question is quite obvious, but unfortunately way too many Americans allow their realities to be defined by what they hear from the mainstream media.
Way too many people use phrases such as “if that was true I would have [...]
Costco Wholesale Corp. is raising its membership fees 10 percent as the wholesale club operator tries to keep its prices on products low to keep drawing value-focused shoppers.
All retailers are struggling to balance soaring costs against shoppers’ continuing demand for low prices.
Costco has hesitated to raise its prices, for fear of losing its appeal with consumers who are willing to pay a membership fee to get [...]