Finance
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Mr. and Mrs. Average usurp fashionistas, fuel luxury spendingSep 25, 2011 5:00 am - Fashion enthusiasts are cutting back. The shoppers that make up the top 5 percent of annual purchases reduced spending on luxury apparel and accessories by 22 percent in...
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‘Buffett rule’ on U.S. taxes easier said than doneSep 25, 2011 5:00 am - Turning the “Buffett rule” proposed by President Barack Obama from a political concept into real-world tax policy aimed at the highest-earning U.S. households will prove...
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In the U.S., 2 housing markets and 2 directionsSep 25, 2011 5:00 am - In the U.S., it’s starting to feel as if there are two housing markets. One for the rich and one for everyone else. Consider foreclosure-ravaged Detroit. In the historic...
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Islamic finance industry needs more MBAsSep 25, 2011 5:00 am - A Bahraini group that sets standards for Islamic finance in 45 countries is helping universities start Shariah-compliant business courses to avert a shortage of experts ...
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Fund investments in bank stocks key to performanceSep 25, 2011 5:00 am - There are plenty of reasons to worry when it comes to investing in big banks. Investors are still gun-shy three years after the subprime mortgage crisis and credit crun...
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Chicago tower year’s largest municipal defaultSep 23, 2011 12:00 am - CHICAGO — A housing development for retirees in Chicago with about $229 million of long-term debt became the largest municipal bond default this year when it missed a Se...
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Zell says distressed real estate deals overpricedSep 23, 2011 12:00 am - Billionaire Sam Zell said he doesn’t see the “volume opportunity” to invest in distressed real estate that he’s witnessed in past property slumps as lenders extend troub...
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Free financial advice hitting 30 cities in OctoberSep 18, 2011 6:00 am - Help from a financial expert doesn’t have to cost a dime. For the second year in a row, a series of free clinics called “Financial Planning Days” will hit 30 cities arou...
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Why your credit/debit cards are security riskSep 18, 2011 5:12 am - NEW YORK — The next time you swipe your credit card at check-out, consider this: It’s a ritual the rest of the world deems outdated and unsafe. The United States is the ...
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No more mail? What would Ben Franklin think?Sep 18, 2011 5:00 am - WASHINGTON — Imagine a nation without the Postal Service. No more birthday cards and bills or magazines and catalogs filling the mailbox. It’s a worst-case scenario bei...