The word “foreclosure” was mentioned only once in the entire debate. Former Utah Gov. Jon Huntsman uttered the word when describing the impact the sluggish economy is having on many Americans. But no solution was attached to the mention. And no other candidate addressed the central issue that gnaws at an anemic economic recovery, a crisis that has seen more than 3 million homeowners lose their homes on loans made since 2004, and at least another 4 million homeowners at risk or in the process of foreclosure.
It has been so heavily promoted since the term was created in 2005 that consumers almost feel compelled to go online at work or at home the Monday after Thanksgiving weekend to seek out holiday bargains. If that was the intent of the National Retail Federation (NRF) six years ago, then the trade group deserves a marketing gold medal, if such an honor were to exist.
Economists see little chance of another recession in 2012, but the nation’s outlook remains “subdued,” with only a marginal decline in the unemployment rate and a slight-but-steady rise in housing starts. Overall, the latest report from the National Association of Business Economics (NABE) is encouraging, especially in the areas of business spending, corporate profits and stock prices – all of which are expected to strengthen.
Major survey indicators point to a healthier Black Friday and Cyber Monday for retailers this year, with Americans expected to spend more on early holiday specials, both online and in stores. Up to 152 million people plan to shop on Black Friday weekend (Friday, Saturday and Sunday), higher than the 138 million people who planned to do so last year.
A Washington lobby firm has outlined in a memo a possible strategy for big banks to subvert the Occupy Wall Street movement by digging up research to “undermine their credibility in a profound way.” The proposed strategy was written on the letterhead of the lobbying firm Clark Lytle Geduldig & Cranford and addressed to a firm’s client, the American Bankers Association (ABA), reported the MSNBC program “Up w/ Chris Hayes.”
Wells Fargo wants a bigger share of the super rich, a pool of roughly 10,000 households in the U. S. with $50 million or more in investable assets that collectively control more than $1 trillion.
President Obama used executive order today to push forward student loan reform that would reduce monthly payments for 1.6 million borrowers next year, accelerating the previous 2014 startup timetable.
Celina Aarons would ordinarily get a T-Mobile wireless monthly bill of about $175, so you can imagine the shock when she read $201.005.44 as the “amount due” on a single bill. “I was freaking out,” Celina Aarons told a reporter from a consumer-help segment on WSVN’s South Florida news program.