Monthly Archives: August 2010

Mortgage loan closing costs on the rise

For Sale signThe closing costs for mortgages has gone up over the last year. It's getting more expensive to sell a home or pay off a mortgage. READ ON...

Groupawn tries to live on nothing but Groupon coupons for a year

scissor blades cutting couponChicagoan Josh Stevens has taken up the Groupon challenge to wander the U.S. living off nothing but online coupons from Groupon for a year.

Not all debt consolidation is created equal

CalculatorA person has to be cautious about how they get debt relief. Debt consolidation plans aren't always the best for the consumer. READ MORE...

Barclays Bank pays $298 million for sanctions violations

A brass sign found outside a "Barclays Bank Limited" branch.English institution Barclays Bank has agreed to pay the U.S. $298 million over illicit dealings with sanctioned enemies of state. READ ON...

Obama throws another $3 billion at unemployed foreclosure loans

Person holding burning match over wastebasket full of dollar billsMortgage foreclosure prevention just got a $3 billion infusion, but some say the housing market is too far gone for the money to really help.

Oracle sues Google over Android OS copyright violations

View of the Oracle corporate logoOracle wants Google to "do no evil" when it comes to alleged patent and copyright infringement of Java in Google's Android OS. READ MORE...

Miracle ending results in Columbia crash

Wreckage from a plane crashThe recent Columbia crash had a miracle ending. Only one fatality occurred, and the pilot managed to keep all of the wreckage on the runway.

Obama Ground Zero mosque comments spark more political discourse

A mosque in HarlemPresident Obama's Ground Zero mosque comments intensified political theater about a proposed project in a neighborhood with many mosques...

Worst venture capitalist moves in U.S. history

There's always one cupcake in the bunch that doesn't quite meet expectation. In this case, the frosting has boiled over and it’s a hot, sticky mess.Startups need venture capital to get off the ground. Sometimes, VCs invest in real stinkers. Here are some of the worst VC bombs in history…

Static kill plugged gusher, but BP ordered to finish relief well

A black and white photo of an offshore oil drilling platformThad Allen ordered BP to proceed with the relief well, even though tests showed the static kill plugged the oil spill in the Gulf of Mexico.

Keep your credit card limit from being slashed without warning

an illustration of a meat cleaver chopping credit cardsAs banks minimize risk, credit card limits are being cut without warning customers -- a practice that will damage even good credit scores...

Retail sales rising more slowly than anticipated

Gas station pumpU.S. retail sales saw a slight gain for the month of June, mostly from sale of cars and gas. The consumer price index also increased slightly.

IBM to purchase Unica Corporation for $480 million

IBMTechnology giant International Business Machines Corp. has announced it will buy Unica Corporation for $480 million. IBM plans to... READ ON

Terror babies: Sleeper agents in diapers threaten U.S. security

a toddler in diapers smilling at the cameraSome Texas Republicans say terror babies are being born by illegal immigrants to become U.S. citizens who attack the homeland from within...

Friggatriskaidekaphobia? Fear of Friday the 13th

Apollo 13 lifting offThere is a term for being afraid of Friday the 13th. It's called friggatriskaidekaphobia. Is there therapy for that; how much does it cost?

Internal Revenue Service to stop cooperating with RAL lenders

Form 1040The IRS won't give certain information to refund anticipation loan lenders anymore. They IRS is offering free e-filing and faster deposits.

Prop 8 stay granted by California judge

Court GavelThe overturning of Proposition 8 in California has been given a few days to take effect, so proponents have time to appeal the ruling...