Economy

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Child abuse rises when economy sags

Child abuse rises when economy sags
By Serena GordonHealthDay Reporter MONDAY, July 16 (HealthDay News) -- The housing crisis that has left so many people without a permanent home may have worsened another serious problem: child abuse. As mortgage delinquencies and foreclosures loom, the rates of child abuse leading to

When a 30-year loan is better than 15

When a 30-year loan is better than 15
By Peter KingProvided by With interest rates as low as they are, a lot of borrowers are being tempted by 15-year fixed-rate mortgages. But for many, a 30-year loan may still be the best option. To be sure, interest rates on 15-year fixed-rate mortgages are astonishingly low right now

When a 30-year loan is better than 15

When a 30-year loan is better than 15
By Peter KingProvided by With interest rates as low as they are, a lot of borrowers are being tempted by 15-year fixed-rate mortgages. But for many, a 30-year loan may still be the best option. To be sure, interest rates on 15-year fixed-rate mortgages are astonishingly low right now

Do's and don'ts for closing credit card accounts

Do's and don'ts for closing credit card accounts
By Andrew Housser Every so often, someone might consider closing one or more credit card accounts. Reasons vary from person to person: Maybe the temptation of available credit is too much. Perhaps after spending years paying off a card, you want to shut down the account. Or maybe the 10 percent

Do's and don'ts for closing credit card accounts

Do's and don'ts for closing credit card accounts
By Andrew Housser Every so often, someone might consider closing one or more credit card accounts. Reasons vary from person to person: Maybe the temptation of available credit is too much. Perhaps after spending years paying off a card, you want to shut down the account. Or maybe the 10 percent

Getting a mortgage when you are self-employed

Getting a mortgage when you are self-employed
By Kirk HaverkampProvided by In the changing economy, the expectation is that more of us will be self-employed. While that can offer a lot of advantages, it can also make it more difficult to qualify for a mortgage when you want to buy a home. As your own boss, it's likely that lenders

Health-care reform: How has the individual mandate worked in Massachusetts?

Health-care reform: How has the individual mandate worked in Massachusetts?
By Mike Eckel There was a moment some 5-1/2 years ago when Peter Kastner looked at his monthly health-insurance bills and wondered whether breaking the law might make more sense. He and his wife were using a high-deductible plan with a $400 monthly premium, but it didn't comply with the

Health-care reform: How has the individual mandate worked in Massachusetts?

Health-care reform: How has the individual mandate worked in Massachusetts?
By Mike Eckel There was a moment some 5-1/2 years ago when Peter Kastner looked at his monthly health-insurance bills and wondered whether breaking the law might make more sense. He and his wife were using a high-deductible plan with a $400 monthly premium, but it didn't comply with the

The incredible shrinking pay raise: Wages can't keep up with inflation

The incredible shrinking pay raise: Wages can't keep up with inflation
By Margaret Price Earlier this year, some 20,000 salaried workers of Ford Motor Co., mainly in the United States and Canada, got their first hike in base pay in two years. It wasn't much: a raise of 2.7 percent, on average. But the Dearborn, Mich., automaker threw in some bonuses in 2011

The incredible shrinking pay raise: Wages can't keep up with inflation

The incredible shrinking pay raise: Wages can't keep up with inflation
By Margaret Price Earlier this year, some 20,000 salaried workers of Ford Motor Co., mainly in the United States and Canada, got their first hike in base pay in two years. It wasn't much: a raise of 2.7 percent, on average. But the Dearborn, Mich., automaker threw in some bonuses in 2011