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Existing home sales up for 2011

Jan 20, 2012
Slightly stronger pre-loved home sales made 2011 a better year for realtors, but a “shadow inventory” still lurks.
Posted In: housing market, interest rates, shadow inventory, Housing

How net wealth widens the gap

Jan 19, 2012
When you look at net wealth instead of income, the gap between the 1 percent and the 99 grows exponentially.
Posted In: the wealthy, income inequality, wealth gap

FBI nabs 7 for insider trading

Jan 18, 2012
To date more than 60 people have been arrested for schemes and illegal trades as part of the Fed's so-called "Operation Perfect Hedge"
Posted In: insider trading, hedge funds, FBI

Age of U.S. cars hits record high 10.8 years

Jan 17, 2012
Experts see bright days ahead for the auto industry as Americans look to replace their clunkers in droves.
Posted In: auto sales, cars, Auto

Majority of Americans feel class conflict

Jan 16, 2012
A new study out finds larger percentages of Americans are seeing conflicts between the haves and the have-nots.
Posted In: pew, Rich, poor, class

Fourth quarter profits down for JPMorgan Chase

Jan 13, 2012
America’s biggest bank announces a 23 percent drop in fourth quarter profits but still has its best year ever.
Posted In: banking, J.P. Morgan Chase, profits, net income

Soaring student loan debt has bankers nervous

Jan 12, 2012
As the cost of an education rises and students borrow to cover the costs, lenders worry about recouping funds.
Posted In: college tuition, universities, debt, student loan debt

Skyscrapers: Why bigger isn’t always better

Jan 11, 2012
A report out links building skyscrapers with economic crashes. China, please take note.
Posted In: skyscraper, economic crash, China, New York City

U.S. bankruptcies down

Jan 10, 2012
Fewer individuals and companies bit the dust in 2011.
Posted In: bankruptcy, MF Global

Art investors see big gains

Jan 9, 2012
The high-end art market smoked traditional investing in 2011.
Posted In: art, Investing, S&P 500 index

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