Archive for: March, 2011

Teaching careers rises 130,000% in popularity

Teachers, builders and journalists are among the professions which have grown the most in the past 170 years, according to new research. A study by family history website Ancestry.co.uk found that other jobs such as cabbies and “white van men” have replaced previous professions including egg merchants, lunatic keepers and bee dealers. Teaching has increased [...]

Spending up in Feb, a lot at the pump

Tax cuts gave consumers more money to spend in February, but much of that windfall went straight into their gas tanks, government data showed Monday. Meanwhile, signed contracts to buy existing homes rose more than expected last month but remain depressed, the National Association of Realtors said. “The good news is the recovery is still [...]

Are interest rate hikes imminent?

Higher interest rates could finally be on their way. Last week, Charles Plosser, president of the Federal Reserve Bank of Philadelphia, gave a speech outlining a plan for tightening and selling off some Federal Reserve assets. If Plosser’s straightforward plan comes to pass, the Philly Fed would gradually raise rates to 2.5%-3.5% over the next [...]

JPMorgan loses court ruling over loan putbacks

JPMorgan Chase & Co (JPM.N) could be forced to repurchase thousands of home equity loans, after a judge ruled in favor of a bond insurer that argued it could build its case based on a sampling of loans. The ruling against EMC Mortgage Corp, once a unit of Bear Stearns Cos, comes amid many lawsuits [...]

Reasons to spend your tax refund

The vast majority of Americans overpay the IRS during the year, which means they are due for a tax refund right about now. Last year, 77 percent of taxpayers received a refund, with an average size of $3,000, according to the National Endowment for Financial Education. Of course, most financial experts say that you’re better [...]

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