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Bernanke: No QE3
Federal Reserve Chairman Ben Bernanke, in a long-awaited speech in Jackson Hole, WY, announced no new steps the Fed will take to prop up the shaky U.S. economy. Rather, he expressed optimism that the...
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Federal Regulators Floating the Idea of 20 Percent Downpayment Mortgages
Is a 20 percent downpayment on a house or condominium on the horizon? If some federal regulators get their way, buyers may have to put down $60,000 on a $300,000 house to get the best possible...
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Santa Brings More Than 200,000 New Jobs in December
The United States added more than 200,000 jobs in December of 2011, building on a strengthening employment market that dominated the second half of the year. This brought the unemployment rate down to...
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Government Wants to Sell Foreclosed Properties in Bulk as Rentals
The Obama administration plans to work closely with federal regulators, Fannie Mae and Freddie Mac to start a pilot program to sell government-owned foreclosures in bulk to investors as rentals,...
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Are Gas-Sipping Cars Leaving Hybrids in the Dust?
When Cadillac is staking its comeback on a compact car that boasts fuel economy approaching 40 mpg, what does it mean for hybrid and electric vehicles? Cadillac’s ATS sedan is one example of how...
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As Foreclosures Decline, Federal Government Makes Deal With 49 States
In good news for beleaguered homeowners, the Obama administration announced a $26 billion mortgage settlement, which 49 out of 50 state attorneys general signed on to. The deal won praise from such...
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Want an Energy Efficient Home? Push the Green Button
Want more control over electrical use in your home? The Green Button Initiative might be the answer. “Imagine being able to shrink your utility bill, or knowing the optimal size and cost-effectiveness...
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Treasury Makes $25 Billion in Successful MBS Sale
The Treasury Department just raked in a cool $25 billion for the American taxpayer. It sold the agency-backed mortgage-backed securities (MBS) that it bought during the financial crisis. ”The...
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EPA Putting the Lid on Coal-Fired Power Plants
The Environmental Protection Agency (EPA) announced new greenhouse-gas standards for power plants, following through with the authority conferred by a 2007 Supreme Court ruling declaring carbon dioxide...
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JP Morgan Chase’s $2 Billion Loss Under Investigation
As the Department of Justice and the FBI open their investigation into how JP Morgan Chase lost $2 billion, the government is investigating to determine if any criminal wrongdoing occurred. The...
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