Archive for July, 2009

Refinances in Second Quarter Reduce Mortgage Payments by $3.4 Billion in Coming Year (RISMedia Real Estate News)

Friday, July 31st, 2009

RISMEDIA, August 1, 2009-In the second quarter of 2009, half of borrowers who refinanced their loan lowered their annual mortgage interest rate by at least 20% according to Freddie Mac’s quarterly Refinance Report. The new interest rate was about 1.25 percentage points below the old rate. In aggregate, the interest-rate reduction …

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State gets hard lesson on college costs (San Antonio Express-News)

Friday, July 31st, 2009

As much as $2.1 billion in state tax money will be spent in the near future to pay the college tuition and fees of about 119,000 Texas children.

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Amazon-Zappos: Not the Usual Silicon Valley M&A (BusinessWeek)

Friday, July 31st, 2009

Amazon.com’s takeover of its Internet retail competitor likely isn’t just a cash-out for Zappos’ founders such as Tony Hsieh

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Man on motorcycle fails to yield, is killed (Arizona Daily Star)

Friday, July 31st, 2009

Man on motorcycle fails to yield, is killed

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Municipal Bonds Headed for Best Performance in July Since 2002 (Bloomberg)

Friday, July 31st, 2009

July 30 (Bloomberg) — Municipal bonds are headed for their best July performance in seven years, as demand gained on investors seeking tax-free investments with yields higher than money-market funds and the pace of new issues slowed.

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Charges filed against bank robbery suspects (Austin American-Statesman)

Thursday, July 30th, 2009

The bank robbery suspect who was shot in Georgetown after a police chase was charged Thursday, along with the woman who police say helped him and later was held hostage by him.

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Sides clash over trash (Toronto Sun)

Thursday, July 30th, 2009

A feud over who’ll clean up the mounds of rubbish in temporary dumps is holding up a ratification vote required to put Toronto’s trash collectors and other outside employees back to work, sources say.

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Growing criticism led to East Side schools chief being put on leave (San Jose Mercury News)

Thursday, July 30th, 2009

With school starting in a month, the trustees’ sudden placing of free-spending Superintendent Bob Nuñez on paid leave left the state’s largest high school district temporarily without a leader.

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Indexed CDs Aim to Balance Risk and Safety (WallStreet Journal via Yahoo! Finance)

Thursday, July 30th, 2009

Investors seeking both safety and a hedge against inflation are snapping up market-indexed CDs.

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How credit card advances can haunt your future (ABC Action News Tampa Bay)

Wednesday, July 29th, 2009

Before you take cash out on your credit card, find out how much more it could set you back.

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