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Dollar's Slide Softens Economy's
Dollar's Slide Softens Economy's
Oct 1, 2007 1:44 PM CDT

Dollar's Slide Softens Economy's

Increased exports offset housing market collapse

(Newser) - Even as the weakening US dollar has Americans dropping European vacation plans, some economists are finding a silver lining: A sudden upswing in exports that could help offset the tanking housing market. And while that jump was predictable, writes the Wall Street Journal, a limp greenback also works to slow...

Oprah Tops List of TV's Biggest Earners—Again

She collected cool $260m; second-place Seinfeld nabbed $60m

(Newser) - Talk show diva Oprah Winfrey continues her reign as the Queen of  Media, topping Forbes' list of 2007's 20 highest earning TV stars with a whopping $260 million. Jerry Seinfeld came in a distant second with $60 million—mostly from residuals. They were followed by Simon Cowell ($45 million), David...

Bank of America Ups ATM Charges
Bank of America Ups ATM Charges
Sep 13, 2007 1:07 PM CDT

Bank of America Ups ATM Charges

Non-customers will have to pay $3; other banks are likely to follow

(Newser) - Bank of America has raised its ATM surcharge to $3 for non-customers—and other banks' are likely to follow. That's the highest surcharge in America, and it affects millions, because BoA has the largest ATM network in the country, USA Today reports. Expect the hike to be contageous: "Banks...

Banks Pouring Money Into Russian Loans

Forget default: country now looks like haven from credit turmoil

(Newser) - Banks around the world are clamoring to loan money to Russia, just nine years after the country paralyzed the economic world by defaulting on $40 billion in debt. These days, Russia looks like a haven from the US mortgage meltdown. Russian corporations borrowed $29 billion over the last three months,...

Employees Go Lean for Green
Employees Go Lean for Green
Sep 11, 2007 12:48 PM CDT

Employees Go Lean for Green

Forget the vegetables: people lose weight to fatten their wallets, study finds

(Newser) - A new study shows that paying people to lose weight works, a possible boon to employers and employees beset by the high costs of obesity. Researchers separated participants, who weren’t given a specific weight loss program, into three groups—two of which would be paid either $7 or $14...

Billions in US Funds Missing in Iraq

$9B lost to fraud and mismanagement by coalition authority

(Newser) - Following the invasion of Iraq, the US shipped $12 billion in “walking-around” money to Iraq's transitional government, the American-led Coalition Provisional Authority. An astonishing $9 billion has gone missing. Funds "entered a free-for-all where anyone with fingers could take it" as the "Coalition of the Willing turned...

10 Ways Smart People Are Stupid About Money

Wise up and hand on to your hard-earned cash

(Newser) - Hey, smarty. You went to an Ivy League school and you have a respectable job, so why are you broke? The Consumerist points out 10 money-suckers that plague otherwise intelligent people:
  1. Paying your bills late
  2. Overdrafting and ATM fees
  3. Traffic and parking tickets

SEC: Don't Blame Credit Markets for Firm's Demise

Bankrupt cash management operation comes under federal scrutiny

(Newser) - The feds don’t know what happened to the millions of dollars that disappeared from the books of a Chicago-area cash management firm, but they don’t believe upheaval in the credit markets is to blame. Days after Sentinel Management blocked investors from withdrawing their investments, the company filed for...

10 Taxes That Sneak Up on You
10 Taxes That Sneak Up on You
Sep 1, 2007 4:01 AM CDT

10 Taxes That Sneak Up on You

Sometimes the government can get downright clever when it comes to taking your hard-earned money.

(Newser) - You don't have to be a fool to part with your money.  Forbes gives you the 10 hidden taxes that cost you the most.
  1. Gasoline tax
  2. Cigarette tax
  3. Sugar "tax"

Plastic May Pose Next Big Threat to Economy

Experts expect credit card trouble to track mortgage woes

(Newser) - The subprime mortgage crisis may spark another financial disaster: bad credit card debt. When rates hit 50-year lows, many owners borrowed against their homes to pay off high-interest credit cards. Now, with rates increasing, many may not be able to pay down both their mortgages and their credit cards, the...

The C-Note Gets a Facelift
The C-Note Gets a Facelift
Aug 26, 2007 3:51 PM CDT

The C-Note Gets a Facelift

New security thread aims to protect bill most targeted by foreign counterfeiters

(Newser) - Even Ben Franklin has a little work done every now and then. The $100 bill, which bears the founding father's image, is undergoing a state-of-the-art redesign aimed at thwarting counterfeiters who target the C-note more than any other denomination, the AP reports. The new security thread utilizes microprinting and 650,...

Consumer Comfort Crumbles
Consumer Comfort Crumbles
Aug 22, 2007 1:50 AM CDT

Consumer Comfort Crumbles

Biggest 1-week drop in history sinks levels near post-Katrina lows

(Newser) - Unrest in the financial markets and housing sector has consumers on edge, a new survey says. The Washington Post/ABC News "consumer comfort index" nosedived this week, displaying the biggest 1-week plunge in the poll's 22-year history, the newspaper reports. The current reading nearly matches the lows reached after Katrina...

Credit Crunch Hits Bond Market
Credit Crunch Hits Bond Market
Aug 20, 2007 3:36 AM CDT

Credit Crunch Hits Bond Market

Tight corporate borrowing could slow economy

(Newser) - Ripples from the credit crisis have reached the corporate bond market—threatening to slow down the economy by seriously limiting the ability of major corporations to borrow money for new projects,  the Washington Post reports. Credit problems have already begun to bite into the future plans of Hertz, ...

Credit Squeeze's One Winner: The Dollar

Worldwide scramble for greenbacks reverses currency's slide

(Newser) - After years of decline, the American dollar has reasserted itself in the face of the worldwide credit crunch. The dollar has rallied against the euro and the pound as banks and investors drop hazardous financial instruments and hold cash, Bloomberg reports, making the implication clear: For all its woes, the...

Romney's So Rich It Surprised Even Him

With up to $247M, he's worth the other major candidates combined

(Newser) - Mitt Romney looks to be richer than the other presidential candidates combined, Bloomberg reports. In a filing today with the Federal Election Commission, the GOP contender today revealed that he and his wife jointly own assets worth between $190 and $270 million. Since their assets have been in a blind...

A Fool and His Money ... You Know
A Fool and
His Money
... You Know
Aug 8, 2007 6:22 PM CDT

A Fool and His Money ... You Know

Everyone has 10 ways to get rich—here are 10 tips for staying broke

(Newser) - Too much money? Here's some much-needed advice from the Consumerist:
  1. Make shopping your hobby.
  2. Don't budget.
  3. Buy your friends gifts you can't afford
  4. Grocery shop hungry, don't bring a list, and buy everything you sample.
  5. Use the ATM at the gas station.

And He's Not Going to Take It Anymore

'Mad Money' madman Cramer snaps, beseeches Bernanke to cut rates

(Newser) - In YouTube's most watched video today, CNBC's Jim Cramer blasts Fed chairman Ben Bernanke for signaling that he won't cut interest rates, calling the present stay-the-course market situation "Armageddon." As his dumbfounded interlocutor looks on, the "Mad Money" host pounds the table and thunders that the "...

A Million Here, a Million There ...

... and before long, some Silicon Valley hotshots are feeling pretty average

(Newser) - Millionaires are a dime a dozen in Silicon Valley, where a seven-digit net worth was once a ticket to the good life. Today, lower-level millionaires have to clock 12-hour workdays just to stay afloat. The Times reports on some living embodiments of "be careful what you wish for."

For Fast Recruits, a Fast $20K
For Fast Recruits, a Fast $20K
Aug 5, 2007 12:23 PM CDT

For Fast Recruits, a Fast $20K

"Quick Ship" bonus meant to remedy enlistee shortage

(Newser) - An understaffed Army is testing out a tidy bonus to entice enlistees who agree to ship out to basic training within 30 days of signing up. The Army will be offering the $20K "Quick Ship" bonus until September to try and reach an increasingly ambitious recruiting goal of 80,...

GM&rsquo;s Quarter Is Twice as Nice
GM’s Quarter Is Twice as Nice
Jul 31, 2007 10:02 AM CDT

GM’s Quarter Is Twice as Nice

Carmaker more than doubles estimates, beats Toyota in sales for quarter

(Newser) - General Motors scored a breakout second quarter, more than doubling earnings estimates and turning a profit of $891 million, compared to a loss of $3.4 billion a year ago, Bloomberg reports. GM made money in three out of four regions globally, and nearly broke even in the recently treacherous...

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