All Economy
- 30-year mortgage rate at 3.96 percent
The latest data is showing that the average rate for a 30 year fixed rate mortgage went flat at 3.96% since last week while the purchase application volume increased 2.1% and the refinance application declined 2.0% over the same period.
- Eric Holder: Corporate fraud criminal cases coming soon
Eric Holder, the US attorney general, says his federal department continues to pursue individuals involved in corporate fraud. Eric Holder told states attorneys general fines alone aren't working.
- A counterweight to foreclosure crisis: community land trusts?
As home foreclosures put a drag on the US economy, 250 community land trusts across the US use one-time taxpayer subsidies to help low-income homebuyers and stabilize communities.
- How to make your own baby wipes
Creating your own baby wipes is easier (and more cost-effective) than you might think.
- Greece's debt: What happens if deal fails?
Greece debt default looms if 75 percent of debt-holders don't go along with the negotiated restructuring plan. Even so, market reaction to a disorderly default on Greece's debt could be minimal.
- Delinquent home loans increase
In January, 3.08 percent of non-credit enhanced loans went seriously delinquent.
- Two good books on tax reform
If you want a good read on individual or corporate tax refprm, pick up one of these new titles.
- Stock market takes a dive, ending 2012 rally
Stock market suffered its biggest losses of the year Tuesday amid worries about the global economy and Greece. The Dow fell 203 points to close at at 12759 in its biggest drop since November.
- Mortgage refinance package to lower fees for 3 million homes
Obama's mortgage refinance package could save certain homeowners $1,000 a year. This mortgage refinance package, announced Tuesday, targets up to 3 million Americans.
- Rush Limbaugh: If ad boycott expands, can he survive?
Rush Limbaugh's inappropriate comments about a law student has caused at least 19 companies to pull their ads from his show. But his on-air survival probably depends on whether his listeners leave.
- Stanford found guilty in $7 billion Ponzi scheme
The Texas financier was convicted Tuesday on 13 counts of fraud and other charges.
- Cloth diapers: worth the money and the mess
Cloth diapers aren't as messy and time consuming as you think, and they're worlds cheaper (not to mention better for the planet) than disposable.
- In powerhouse Germany, salaries for women lag behind
According to an OECD report published this week, women working full-time in Germany make 21.6 percent less than men and hold substantially fewer top business positions.
- Why Obama's recovery won't match up to Reagan's
Growth was consistently much higher during the Reagan recovery than in the Obama recovery but exceeded it by a lot more during the phase when government spending increased equally than when spending rose in the Reagan recovery compared to the Obama recovery.
- Construction spending perks up
On a month-to-month basis, total residential spending increased 1.78 percent from December and rose 6.73 percent above the level seen in January 2011.
- Oreo cookie turns 100, celebrates with sprinkles
Oreo cookie turns 100 today, celebrating a century as the top-selling cookie in America. Nabisco has launched a limited edition "Birthday Cake" Oreo cookie in honor of the centennial.
- Raising revenue at elite public universities
Could public universities boost their endowments if it admitted more four-year students and fewer transfer students?
- Africa Rising: First it was China, now the Gulf discovers the African market
A decade ago, many African economies seemed locked in stagnation. Now they are booming, and Gulf investors are moving in to take advantage of the growth.
- Toyota Europe: Goodbye tsunami woes, hello growth
Toyota has put its post-tsunami production woes behind and now aims to boost its share in Europe, Toyota official says.
- The service sector shows growth
The business activity index increased 5.21 percent since January but remained 6.43 percent below the level seen a year earlier.