Continue reading How Badly Would a California Earthquake Hurt Our Economy? How Badly Would a California Earthquake Hurt Our Economy? originally appeared on DailyFinance on Sat, 27 Feb 2010 14:15:00. Permalink | Tweet this! | Comments

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How Badly Would a California Earthquake Hurt Our Economy?

The Obama administration is mulling a plan that would require lenders to make efforts to enroll homeowners in the government’s Home Affordable Modification Program before they pursue foreclosure. The problem is that many struggling homeowners simply can’t afford the house and the requirements could serve to drag out the foreclosure process. Continue reading Obama’s Plan to Stem Foreclosures Will Do More Harm Than Good Obama’s Plan to Stem Foreclosures Will Do More Harm Than Good originally appeared on DailyFinance on Sat, 27 Feb 2010 14:30:00. Filed Under: Real Estate Permalink | Tweet this! | Comments

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Obama’s Plan to Stem Foreclosures Will Do More Harm Than Good

President Obama’s health-care summit on Thursday was hardly the bipartisan session he had hoped it would be, with Republicans calling for the White House to start over with the entire reform process. Obama said he hoped the event was not become just “political theater” and pleaded with the GOP to confront an issue he described as a catastrophic drag on the American economy. Continue reading GOP Tells Obama to Start Over on Health Care GOP Tells Obama to Start Over on Health Care originally appeared on DailyFinance on Thu, 25 Feb 2010 19:45:00. Filed Under: Healthcare Permalink | Tweet this! | Comments

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GOP Tells Obama to Start Over on Health Care

President Obama has proposed a new plan to reform the health care system, but unless the polarized political climate changes dramatically in Washington, there’s little to suggest that Republicans will suddenly support any of Obama’s plans. Continue reading As Obama Unveils New Health Care Plan, Old Politics Await As Obama Unveils New Health Care Plan, Old Politics Await originally appeared on DailyFinance on Mon, 22 Feb 2010 11:30:00. Filed Under: Economy , Healthcare Permalink | Tweet this! | Comments

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As Obama Unveils New Health Care Plan, Old Politics Await

President Barack Obama announced his new small business lending program at a town hall meeting in Nashua, N.H., Tuesday afternoon. He plans to ask Congress to transfer TARP funds that have been paid back from the Wall Street banks to a new program “to provide capital for community banks on Main Street.” Continue reading Obama’s New Plan: Use TARP Funds to Help Small Business Obama’s New Plan: Use TARP Funds to Help Small Business originally appeared on DailyFinance on Tue, 02 Feb 2010 16:30:00. Filed Under: Economy Permalink | Tweet this! | Comments

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Obama’s New Plan: Use TARP Funds to Help Small Business

Thought 2010 would bring a respite from the joys of Madoff madness? Think again. January was silent on the Madoff front, but February so far has been a veritable Bernie bonanza as the courts and Irving Picard, trustee for the case, continue to search for assets and try to determine who deserves compensation. Continue reading Madoff Victims’ Battle to Recover Funds Yields New Jersey McMansion Madoff Victims’ Battle to Recover Funds Yields New Jersey McMansion originally appeared on DailyFinance on Tue, 02 Feb 2010 17:36:00. Filed Under: People , Investing , Media Permalink | Tweet this! | Comments

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Madoff Victims’ Battle to Recover Funds Yields New Jersey McMansion

President Obama’s plan to scrap the Constellation space program designed to send U.S. astronauts to the moon was condemned by senators from states with heavy space industries, as the policy shift reignited questions about the mission of the U.S. space program and the role of private companies in that effort. Among them: Just how important is it that America return to the moon, or reach Mars? And can private companies be trusted to handle America’s most dangerous space missions? Continue reading Senators Blast Obama’s Plan to Scrap Moon Mission Senators Blast Obama’s Plan to Scrap Moon Mission originally appeared on DailyFinance on Tue, 02 Feb 2010 18:45:00. Filed Under: Technology Permalink | Tweet this! | Comments

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Senators Blast Obama’s Plan to Scrap Moon Mission

Last week, the Treasury Department took steps to simplify the process for qualifying for a mortgage loan modification through its Making Home Affordable Program. Among the changes, lenders will now have to collect a borrower’s paperwork upfront. Borrowers will also be able to give lenders electronic access to their tax returns rather than having to pull those documents together themselves. Both of these things should help ensure that more trial modifications are eventually converted to permanent ones. Continue reading Solving the Mortgage Mess By Modifying Loans – and Borrower Behavior Solving the Mortgage Mess By Modifying Loans – and Borrower Behavior originally appeared on DailyFinance on Tue, 02 Feb 2010 14:24:00. Filed Under: Economy , Real Estate Permalink | Tweet this! | Comments

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Solving the Mortgage Mess By Modifying Loans – and Borrower Behavior

With his health care insurance overhaul sidelined for the time being, President Obama has turned his focus to lowering the nation’s stubbornly high unemployment rate. For millions of jobless Americans, that shift comes none to soon. While government statistics show 10% of the country’s workers have no job, labor economists will tell you the real unemployment rate hovers somewhere around 17%, after accounting for those who are “discouraged” from seeking a job or underemployed. Continue reading People@Work: Obama Has Plenty of Work to Do on Jobs People@Work: Obama Has Plenty of Work to Do on Jobs originally appeared on DailyFinance on Mon, 01 Feb 2010 11:15:00. Filed Under: Columns , Economy , Careers Permalink | Tweet this! | Comments

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People@Work: Obama Has Plenty of Work to Do on Jobs

The Obama administration on Friday proposed a $5,000 business tax credit for each new net hire this year, capped at $500,000 per company. The benefits, part of a $33 billion package, would be felt most by small businesses. Continue reading Obama Proposes $33 Billion Package for New Jobs Obama Proposes $33 Billion Package for New Jobs originally appeared on DailyFinance on Sat, 30 Jan 2010 08:37:00. Filed Under: Economy Permalink | Tweet this! | Comments

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Obama Proposes $33 Billion Package for New Jobs