The 5 Highest-Paid Olympic Athletes (Part 3 of 5)

The Olympics are all about the medals – gold in particular.  But who are the five richest Olympic athletes and how much are they worth? Kobe Bryant is the third-highest earning ...

The 5 Highest-Paid Olympic Athletes (Part 2 of 5)

The Olympics are all about the medals – gold in particular.  But who are the five richest Olympic athletes and how much are they worth? Roger Federer is the second-highest earning ...
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The 5 Highest-Paid Olympic Athletes (Part 1 of 5)

The Olympics are all about the medals – gold in particular.  But who are the five richest Olympic athletes and how much are they worth? Lebron James is the richest Olympic athlete 1. ...
Almost half of the elderly have virtually no financial assets when they die

Study says 46% of people who die have virtually no financial assets

Almost half of the elderly have virtually no financial assets when they die A study by the National Bureau of Economic Research (NBER) reveals a depressing statistic, namely that a ...

30-year Fixed-rate Mortgage Moves Up, Averages 3.55 Percent

Mortgage rates move up from historical lows MCLEAN, Va., Aug. 2, 2012 /PRNewswire/ – Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), ...
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Mitt Romney: Perhaps Damned if He Does, Surely Damned if He Doesn’t

Perhaps damned if he does, definitely damned if he doesn’t And so it goes.  Mitt Romney’s great tax return boondoggle.  It just keeps going on and on, with no end in sight. ...

81% of Refinancing Homeowners Maintain or Reduce Mortgage Debt in Second Quarter

Inflation-Adjusted Cash-Out Volume at 17-Year Low Press Release:   Aug. 1, 2012 Freddie Mac (OTC: FMCC) released the results of its second quarter refinance analysis showing homeowners ...

Employers Hire 163,000 in June, Unemployment Rate Nudges up to 8.3%

This monster jobs report comes at a good time for President Obama Businesses stepped up their hiring in July, adding 163,000 jobs during the month according to a Labor Department report ...
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Brookings Institute Claims Romney’s Tax Plan is Robin Hood in Reverse

Brookings Institute calls Romney Robin Hood in reverse The Brookings Institute has just released a report analyzing the impact of Republican candidate, Mitt Romney’s tax reform ...
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This is Why the European PIIGS Have So Much Debt

Social spending has exploded in the PIIGS countries This chart from Eurostat compares social spending in selected European countries in 1999 against spending in 2009. It’s no ...

U.S. Private-Sector Adds 163,000 Jobs in July, Says Payroll-Processor ADP

ADP estimates jobs increased by 163,000 in July Payroll-processor ADP reports that employment in the U.S. nonfarm private business sector increased by 163,000 from June to July on a ...

Housing Prices Rise in May, Beating Forecasts

House prices showed a larger than expected increase in May The S&P/Case-Shiller home price index rose by 2.2% in May, beating the forecasts of economists, as all 20 of the nation’s ...
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Facebook’s Stock Price Continues to Plummet

Investing in Facebook has been a disappointment for millions who have lost almost half of their investment Today was another terrible day for Facebook’s stock price.  As of 12 noon, ...
Will we head off the fiscal cliff in 2013?

The Coming “Fiscal Cliff” in 2013 and the Probability of Early Compromise

Will we head off the fiscal cliff in 2013? Based on the debt ceiling agreement between the White House and the Republican-led House, the United States faces a ‘fiscal cliff’ ...

Romney Does it Again: Infers that Inferior Latino Culture Accounts for Mexican Poverty

Mitt believes Mexican culture is inferior to the United States After Mitt Romney’s shambolic visit to the United Kingdom, where he suggested they were not quite ready for the ...