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Interest rate drop opens door to refinancing (Austin American-Statesman)
The recent sharp drop in mortgage interest rates is creating a window for homeowners nationwide to refinance and providing an incentive to people who have been holding back on buying a house.
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Game over?: English football at bursting point (Independent)
Back in October, in the Great Hall of Stamford Bridge, the home of Chelsea Football Club, 1,000 "senior decision- makers in world football" gathered. There was an air of optimism and self-congratulation. Commercial managers from some of the country's top clubs talked of exciting new opportunities in the Far East. Gossip was traded about how lucrative the next Premier League television deal ...
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Let bankruptcy help fix bad mortgages (The Christian Science Monitor)
It's a powerful step back to financial stability.
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October construction spending drops 1.2 percent (AP via Yahoo! News)
Construction spending fell by a larger-than-expected amount in October, another indication that problems facing the builders of homes, hotels and other projects are deepening and likely to persist.
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Credit card companies quick to raise rates, fees (Atlanta Journal-Constitution)
Greg Fischer was already fed up with Bank of America for doubling his credit card's interest rate to 28.99 percent — the price for being a couple of weeks late with a payment in April. What sent him over the top, he said, was the bank's decision to rule his September payment late, too. He paid on the due date on the bank's Web site. But he paid at 4:10 p.m. — past a 3:30 cutoff that Fischer said ...
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'60 Minutes' report: How online gamblers unmasked cheaters (CNET via Yahoo! News)
In the wild, wild west, when a poker player was caught cheating it was a capital offense, with the punishment quickly dispensed right across the card table. But today if you're caught cheating in the popular and lucrative world of Internet poker, you may get away scot-free.
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Lenders OK 45-Day Delay in Acting (The Lakeland Ledger)
TALLAHASSEE | With Florida residents facing one of the highest foreclosure rates in the nation, Gov. Charlie Crist announced Monday that the state's bankers and credit unions have agreed to a voluntary delay in any foreclosure sales on homes or new foreclosure petitions for the next 45 days.
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Customers getting squeezed as credit card companies clamp down (Austin American-Statesman)
WASHINGTON — Cecil Bello has stumbled into a new corner of the credit squeeze. The 32-year-old management consultant has had the limits reduced on three of her credit cards.
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Flood victims get more time to seek help (Morris Daily Herald)
Property owners who suffered damage during the September flooding now have until Dec. 16 to seek federal assistance.
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Citigroup Predicts 2,000 Gold in 2009 (GoldSeek.com)
By: David N. Vaughn, Gold Letter, Inc. The horror of this financial crisis continues to grow. The debate continues over bailing out the auto industry. What do you think? If a bailout occurs it will only be the first in a never ending line of industries seeking help.
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