Economy - Most Recent

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Banking in the public interest? Public Bankers look to spread their model

May 31, 2013
This weekend, attendees of the Public Banking Conference in San Rafael, California will gather to re-think the global banking system. They hope to spread a time-tested financial idea from North Dakota.
Posted In: banking, public banks
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Public comment, 21st century-style

May 31, 2013
Lawmakers revive a public comment campaign, with a modern-day twist.
Posted In: tax reform, Max Baucus, politics, Twitter
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How the financial crisis messed up all our benchmarks

May 30, 2013
OMG! Mortgage rates are surging to 4 percent! The financial crisis and recession distorted our perception of what a normal benchmark should be.
Posted In: recession, benchmarks, mortgage
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PODCAST: A 1.5 trillion calorie diet

May 30, 2013
1.5 trillion calories disappear. Latin American art rakes in millions at auction. And Newsweek is on the auction block again.
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Obama to announce expansion of mortgage modification program

May 30, 2013
With signs of vigor returning to the real estate market, it's easy to miss the other reality: Many people got stuck with terrible mortgages during the boom years and the Obama administration says they still need help.
Posted In: housing market, housing crisis, mortgage
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Sequester cuts weigh on Head Start programs

May 29, 2013
Cuts to government-funded child development programs leave parents scrambling to find child care.
Posted In: sequester, Education, head start, childcare
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PODCAST: Mortgage rates spike, Colorado River drops

May 29, 2013
Is the era of super-low mortgages over? Tornado victims worry first response donations won't cover long-term needs. And, as drought lowers the Colorado River, conserving water gains urgency.
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Is the era of super-low mortgages over?

May 29, 2013
The value of the benchmark 10-year Treasury note is down, amid signs the U.S. economy is gathering strength. The yield is up to 2.14 percent, and 30-year mortgage rates are inching close to 4 percent, the highest in a year.
Posted In: housing market, interest rates, mortgage, bonds
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About face on the home front: Interest rates spike

May 29, 2013
For a moment there, things were looking really peachy in housing.
Posted In: mortgage, interest rates, bonds, Ben Bernanke
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Congrats, you graduated! Now what about those student loans?

May 29, 2013
Despite some movement in Congress to alter the trajectory of what you might consider an incoming personal finance missile, interest rates on some government backed student loans are set to double on July 1.
Posted In: federal student loans, student debt, student loan, higher education

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