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Tag: Interest

Payday Lenders’ Protection

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Posted on Jan 5, 2014 READ MORE



Pink Sherbert Photography (CC BY 2.0)

The Insider’s Economic Dictionary: I Is for Ideology

Ideology: A set of assumptions so appealing that one looks at their abstract logic rather than how the world actually works. (See Insanity.)

Posted on Nov 29, 2013 READ MORE


Interest

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Posted on Nov 3, 2013 READ MORE



Flickr / respres (CC-BY)

Report: Freddie Mac Stacked the Deck Against Homeowners

A joint investigation by NPR and ProPublica has rustled up some disquieting trading practices on the part of Freddie Mac that suggest the taxpayer-run mortgage company hasn’t exactly done its darndest to help struggling Americans hold on to their homes—in fact, the opposite may be more the case.

Posted on Jan 30, 2012 READ MORE



Flickr / Casey Serin (CC-BY)

Home Sales Bump Up in September

At long last, a little good news from the real estate market: The National Association of Realtors reported a 10 percent rise in existing home sales in September, but buyers are still skittish about foreclosures and the country’s job problems figure into the long-term prognosis as well.

Posted on Oct 25, 2010 READ MORE


Stewart

‘Daily Show’: Bank of America

Credit card reform is great and all, but there’s another problem that legislation can’t exactly remedy: Americans’ supersized spending habits. Oh, and since Congress gave banks nine months of lead time before enacting the Credit Card Accountability, Responsibility and Disclosure Act, those wily financial institutions were ready with a set of new tricks to part customers with their hard-earned cash.

Posted on Feb 24, 2010 READ MORE


credit cards
ehow.com

Got Good Credit? Too Bad

Those credit card holders who pride themselves on paying their bills on time, and who have enjoyed rewards in the past for so doing, are in for an unpleasant surprise: They may soon be targeted by the very companies that used to ply them with perks.

Posted on May 19, 2009 READ MORE



Detail from Creation of the Sun and Moon by Michelangelo

God Is Not a Fan of the Banking Industry

Do a quick Google search and you’ll find that God, as worshipped by Jews, Christians and Muslims, has some strong feelings about interest charges—or usury, as it’s known in the Hebrew Bible. Here’s a doozy from Ezekiel: “Hath given forth upon usury, and hath taken increase: shall he then live? he shall not live: he hath done all these abominations; he shall surely die; his blood shall be upon him.” Ouch.

Posted on Apr 7, 2009 READ MORE



Wikimedia Commons / Marcello Casal Jr / ABr

Islamic Banks Presented as an Economic Model

The United States spent much of the 20th century lecturing the world about how to run an economy. Clearly, we’ve lost some credibility in that area. Indonesian President Susilo Bambang Yudhoyono wants Islamic banks, with their abhorrence of interest and gambling, to fill the void.

Posted on Mar 1, 2009 READ MORE


Ben Bernanke
Federal Reserve

How Low Can Bernanke Go?

Ben Bernanke and his squad of rate setters are expected to cut interest by as much as three-quarters of a point on Tuesday. With rates already at 1 percent, we mortals are left wondering what the Fed chief plans to do when he runs out of rates to cut. Update

Posted on Dec 15, 2008 READ MORE


Powell - Fiscal Folly

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Posted on Mar 20, 2006 READ MORE


Baseball? That Ain’t Hood

African Americans are abandoning baseball in droves. But should we care?

Posted on Jan 3, 2006 READ MORE


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