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As Our Lives And The Economy Got Worse, We Really Liked Playing Zombie
(Mike Rollerson) Think our current cultural fixation on zombies is just part of the zeitgeist? A Clemson University literature professor says that it’s not that simple. Focusing on the zombie walks...
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Number Of Teens Expecting To Depend On Parents Into Adulthood Has Doubled...
(source: Junior Achievement)In what could be an indicator of either a massive drop in teens’ financial prospects or the fact that teens today are getting more realistic about their financial futures, a...
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Are Wall Street Investors Pumping Up The Next Housing Bubble?
(jeffcl612)Areas like Las Vegas, Phoenix, and Miami — all hit pretty hard by the collapse of the last housing bubble — are now seeing home prices rise at rates above the national average. But rather...
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Dow Cracks 15,000 Threshold For First Time In History
Earlier this year, it was big news when the Dow Jones Industrial Average cracked 14,000 for the first time since 2007. But earlier this morning, promising employment numbers sent the DJIA soaring, up...
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Mortgages Slightly Easier To Get For Prime Borrowers, Still Tough For...
(RAWRZ!)Ten years ago, a potential home buyer could walk into a Countrywide office and get pre-approved for a half-million dollar home loan based on a bank statement written in crayon on a restaurant...
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AIG CEO To College Grads: Take Whatever Job You Can Get
If the students graduating from Alfred University on May 18 are expecting a world-is-your-oyster type speech from speaker, AIG CEO and Alfred alumnus Robert Benmosche, then they may want to put on...
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Fannie Mae Fires Head Of Office At Center Of Kickback Scandal
(futureatlas.com)A few weeks back, we told you about the Fannie Mae office in Irvine, CA, where some employees have been accused of taking kickbacks from real estate brokers in exchange for priority...
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Drop In Number Of First-Time Home Buyers Is Cause For Concern
(amyadoyzie)The notion of buying your first home, building equity, and eventually moving up the property ladder is still something many young Americans aspire to, but between more stringent...
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DOJ Sues Bank of America For Lying About Sketchy Mortgage-Backed Securities
(afagen)Even though Bank of America execs appear to have avoided criminal prosecution for their part in the recent economic collapse, BofA continues to be slapped upside its head with civil suits for...
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Needy Oenophiles Pawning Prize Bottles Of Wine For Cash
(chrismar)Eight years ago, it seemed like everyone in New York City was operating a hedge fund, and many of those suddenly rich folks splurged on necessities like rare bottles of wine. Then things went...
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$1 Homes For Sale In Indiana, But Don’t Go Counting Quarters Just Yet
One of the dozen homes purchased at auction by the city and being “sold” for $1.When you hear that Gary, IN, has a dozen homes for sale for $1 each, you might be inclined to dig into your wallet and...
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On 5-Year Anniversary Of Mortgage Meltdown, Those Responsible Are Doing Just...
Don’t worry about former Bank of America CEO Ken Lewis, because he probably doesn’t worry about you.On Sept. 15, 2008, Lehman Brothers became the largest bankruptcy filing in the history of this...
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Here Are Two Charts To End Your Day With A Frown (Even If You’re Exceedingly...
(Source: Census Bureau)Like many people in their late 30s, I sigh whenever I see some superstar athlete, billionaire, or Oscar winner who was born way back in 1989, when I was but a pimply adolescent...
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What Does It Mean That No One’s Buying $3 Nail Polish?
(EmreKanik)Earlier in the Great Recession, cosmetics company Coty was doing pretty well. The company makes the least expensive cosmeyics that you’ll find in a local drug or discount store, brands like...
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Fewer Teens Are Driving Because They’re Broke
(The Shabby Bunny)In 2012, 73% of graduating high school seniors nationwide had driver’s licenses according to the Centers for Disease Control. That’s down from 86% in 1996. What’s the reason for the...
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Why Are Some People Having A Harder Time Paying Off Car Loans Post-Recession?
For many of us, things have improved since 2010, when the country finally began clawing its way out of the crater that resulted from the collapse of the housing market. So why are some consumers doing...
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1-In-3 Americans Still Feeling The Sting Of Recession
While many Americans are now doing better than they were during the Great Recession, those dark days took such a toll on many consumers’ savings that some people who are currently doing well enough to...
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People Who Bought Pontiac Silverdome For $583K Now Asking $30M For Run-Down...
The Pontiac Silverdome hasn’t played home to the Detroit Lions since 2002; the Pistons fled 27 years ago. Aside from a handful of one-off events, it’s basically gone unused for most of the last decade,...
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One Detroit Neighborhood Actively Looking For Squatters
Some neighborhood groups would look at squatters — people who live rent-free in vacant buildings — as a negative to be shooed away in favor of paying tenants. But the folks in one part of Detroit would...
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