Dallas, May 6: Could this be categorized as a case of the mustaches being longer than the beard? A new study has revealed that close to one-fifth of Dallas-Fort Worth area homeowners owe more on a mortgage than their homes are worth, providing food for thought for the Obama administration.
Washington, January 14: Federal Reserve chairman, Ben Bernanke, publicly appreciated the efforts being made by the President-elect Barack Obama to bail out the economy from the quagmire it finds itself in.
I have a confession to make: I've never had an emergency fund.
I don't think that I'm immune to financial woes; I just figured I'd tap into my home equity line of credit at a relatively low interest rate, should I run into a financial disaster. Better to keep the cash earning a higher rate of return than stuck in a low-rate bank account, I figured.
According to the U.S. Department of Energy, the average family shells out $1,500 annually for utilities. Air conditioning can account for as much as 70% of summer energy costs. To put this in everyday context, let's hear from Mr. Electricity: He says that running central A/C for 12 hours a day for three weeks uses more energy than leaving the refrigerator door open 24 hours a day for an entire year. (I'm not willing to sacrifice my Fudgesicle stash to fact-check that theory.)
CEOs have tough jobs. Whoever occupies the corner office has a world of worry on their hands these days: inflation, oil, credit markets, consumer confidence, global wars, and a real estate market slowly eating away at the American dream.
Most of us haven't had to seriously answer that question in a long time. We have the careers we have, and maybe we like them and maybe we don't, but in most cases, we’ll keep doing some variation of what we're doing now until we retire.
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