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Illinois pensions: Credit rating sinks after deadlock
The first repercussion of state lawmakers' failure to pass pension reform was felt Monday when a major ratings agency downgraded Illinois' credit rating, saying the government worker retirement system's debt is "unsustainable." The political fallout was...
Tags: Parties and Movements, Illinois Elections, Interior Policy, Economy, Business and Finance, Government
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Eurozone unemployment rate hits record 12.2%
WASHINGTON — The unemployment rate in the Eurozone hit a record 12.2% last month as the region continues to battle a lengthy recession triggered by austerity measures and debt problems in some key nations. Joblessness has soared over the past...Tags: Employment Opportunities, Labor Markets, Career and Workplace, Employment, Austria
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Rising mortgage rates could fuel already hot housing markets
Mortgage rates have risen half a percentage point since setting record lows last fall, and many economists expect them to continue rising for the foreseeable future. The increase, a reaction to the improving economy and housing markets, could fuel...
Tags: Human Interest, Real Estate, Real Estate Buyers, Mortgages, Manhattan (New York City)
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Stocks swoon on interest rate fears
NEW YORK — A sudden jump in interest rates is casting a shadow over the stock market. Stocks fell sharply Friday as a persistent rise in rates over the last month threatened to derail the powerful rally this year in share prices. Despite...Tags: Chicago Board Options Exchange Market Volatility Index, Career and Workplace, Unemployment Rate, Chicago Board Options Exchange, Federal Reserve
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Average 30-year interest rates rise to nearly 4%
Sun SentinelInterest rates on average 30-year fixed loans rose for the fifth week in a row and is now near 4 percent, Freddie Mac said Thursday. The average 30-year fixed mortgage rate was at 3.91 percent this week. Last week, the rate had jumped to 3.81...Tags: Finance, Freddie Mac, Economy, Business and Finance
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Eight questions for former Congressman Allen West
Sun SentinelFormer U.S. Rep. Allen West, speaking Thursday at the first event for his eponymously named foundation, said conservatives need to spread the word about their views and work to get them implemented or “there may come a time when you wake up and...Tags: U.S. Senate, Business, Allen West, Politics, New York City
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Freddie Mac: 30-year mortgage rate hits 3.81%, highest in a year
Mortgage rates shot sharply higher this week in reaction to the improving economy, with Freddie Mac’s survey reporting that the average for a 30-year fixed loan rose from 3.59% last week to 3.81% -- the highest in more than a year. The survey, out...Tags: Loans, Financial and Business Services, Freddie Mac, Mortgages, Federal Deposit Insurance Corporation
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Home price gains propel U.S. stocks
Home prices are soaring at a pace not seen since the housing boom, giving a much-needed boost to the larger economy. The rebound is helping homeowners recover losses from the crash and giving them confidence to spend. And that's raising the fortunes...
Tags: Rentals, Consumers, Real Estate, Real Estate Buyers, Homes
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FSA farm loans available
Richard P. Lehman for USDA's Farm Service Agency in Pennsylvania, Somerset County reminded producers that FSA offers specially targeted farm loans know as Socially Disadvantaged (SDA) and Beginning Farmer loans. These loan programs are designed to help...Tags: Somerset County (Pennsylvania), Farms, Minority Groups
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Inside Penny Pritzker's portfolio: How a billionaire invests
By Melissa Harris and Gail MarksJarvisHow do the wealthy stay wealthy? The mandatory financial disclosure released last week by commerce secretary nominee Penny Pritzker provides a rare look at an American billionaire's entire investment portfolio. Pritzker inherited much of her wealth,...Tags: Washington, DC, Orlando Real Estate, Real Estate, Blue Chip Stocks, Condos
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Is Lawrence Summers the most qualified to succeed Fed's Bernanke?
WASHINGTON -- With the Federal Reserve playing an over-sized role in the U.S. economy, Wall Street investors are keenly interested in who will be the central bank's next chairman when Ben S. Bernanke's term expires in January. The Fed's No. 2 official,...
Tags: Barack Obama, Lawrence Summers, Timothy Geithner, Politics, Fannie Mae
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Dow surges nearly 200 points on global rally, U.S. housing report
NEW YORK -- Stocks surged more than 1% in early trading after unexpectedly strong gains in the U.S. housing market and consumer confidence, following a rally in global markets. The Dow Jones industrial average shot up 199.29 points, or 1.3%, to 15,502....Tags: House Building, Consumers, Consumer Confidence, Memorial Day, Japan
Jun 4, 2013
|Story| Chicago Tribune
May 31, 2013
|Story| Los Angeles Times
May 31, 2013
|Story| Los Angeles Times
May 31, 2013
|Story| Los Angeles Times
Jun 6, 2013
|Story| South Florida Sun-Sentinel
May 30, 2013
|Story| South Florida Sun-Sentinel
May 30, 2013
|Story| Los Angeles Times
May 28, 2013
|Story| Los Angeles Times
May 29, 2013
|Story| Daily American
May 19, 2013
|Column| Chicago Tribune
May 28, 2013
|Story| Los Angeles Times
May 28, 2013
|Story| Los Angeles Times
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