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School buds: 20 Harvard classmates advising Obama - Politico.comMore than 20 Harvard Law School classmates dot the ranks of his transition team – solidifying it as his most enduring, yet least-known, personal network. Obama is seen here in an updated photo from his Harvard Law days. As Barack Obama puts ...
Site Presented By - SalonEconomists were anticipating a bad jobs report for November, but the new numbers, by any standard, are shocking. The Department of Labor reported that non-farm payrolls in the U.S. declined by 533,000 in November. That would make 1.2 million jobs ...
Nov 30 - Dec 06 (185) - Andrewsullivan.theatlantic.comHere's a link from the Alaska state website discussing the event. Here's a news video. That's barely three weeks before she gave birth to Trig, a full-term, 6 pound baby. It's also around a week before video footage of Palin, captured here. Since ...
Recession is already a long one - Eagle-TribuneWhat we already knew is official: We're in a recession and have been since last December. The classic definition of a recession is two quarters of negative GDP and although the economy grew in the first two quarters of last year, the official referee ...
The U.S. Debt Quandary - Seekingalpha.comThe railroads, Asian and European bonds, dot-coms, real estate, and subprime mortgages were all economic bubbles. So what’s next? The U.S debt situation. The solution to the U.S. economy is this current financial crisis. We have to go through a ...
How To Recession-Proof Your Job - ForbesWhether we're actually in a recession or not is the subject of debate. What is certain is the rising unemployment rate. U.S. unemployment rose to 5% for the first time in two and a half years in December. That's likely a result of the fallout from ...
It's official: The economy has tanked - ScrippsNewsWhat we already knew is official: We're in a recession and have been since last December. The classic definition of a recession is two quarters of negative GDP and although the economy grew in the first two quarters of last year, the official referee ...
Capital One to Acquire Chevy Chase Bank - Washington PostCapital One , a leading credit card company, plans to announce today that it will buy Chevy Chase Bank , a landmark Washington financial firm with branches throughout the region, according to sources familiar with the matter. The deal would be ...
Anatomy of a Breakdown - Reason.comIt was not an absence of federal intervention that produced the Great Financial Panic of 2008. Contrary to the assertions of those clamoring for new regulations (see "Is Deregulation to Blame?," page 36), the liquidity shortage and credit freeze that ...
Business Tech - CNET NewsPatricia Sueltz has had her share of blunt bosses. At IBM, Sueltz was CEO Lou Gerstner's technical assistant during Big Blue's dramatic turnaround in the 1990s. After that, she ran the services division at Sun Microsystems for CEO Scott McNealy ...
Today's Mortgage Terms starting with J
Jumbo Loan: A mortgage over the $300,700 limit established by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation. A jumbo mortgage tend to carry a higher interest rate than a conventional mortgage.
Junior Mortgage: A mortgage subordinate to the claim of a prior lien or mortgage. In the case of a foreclosure, a senior mortgage or lien will be paid down first.
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