Archive for the ‘Economy’ Category

HARP all you want: LTV cap removed

Monday, October 24th, 2011

The Federal Housing Finance Agency (FHFA), with the Federal National Mortgage Association ("Fannie Mae") and the (Federal Home Loan Mortgage Corporation) ("Freddie Mac"), today announced a number of changes to the Home Affordable Refinance Program (HARP) designed to increase the number of borrowers eligible for refinancing at-risk home mortgages. One of ...

The deficit is a problem. There’s no need to lie about it graphically

Wednesday, October 12th, 2011

This article on the NPR Planet Money blog discusses the projected federal budget deficit as compared to the maximum deficit reduction discussed in recent debt-ceiling negotiations. If we cut to the chase, there is a $9 trillion shortfall over the next ten years.  The most stringent deficit reduction measures discussed don't ...

Seven things to do when facing a pay freeze

Tuesday, December 14th, 2010

The end-of-year holidays are festive for most people: attending parties, decorating, giving gifts, listening to music, visiting family, eating a bit too much. At work it sometimes means announcement of raises or year-end bonuses when there's profit to be shared.  People may be entering the new year with a fatter wallet ...

Pennies by the quarter-ton

Monday, November 15th, 2010

Gresham's Law now has small business backing. There's a fair bit of activity on eBay buying and selling 95% copper cents, and the coin sorters to distinguish them from the newer zinc variety.  Why the interest, you might ask?  It's the copper content of the cents that's interesting.  These high-copper cents, ...