For Sale

More people are getting bank loans and buying houses

The number of people getting bank loans for houses is increasing. Existing home sales crept up over November for the third increase in four months. However, sales are far below the levels that were seen last year. More homes being sold and bank loans taken out for purchases The housing market is still struggling to
wtf cia

WTF? CIA launches WikiLeaks Task Force to assess Cablegate

The CIA announced the formation of the WikiLeaks Task Force (WTF) Wednesday. The WTF was formed by the CIA to figure out how Cablegate and other WikiLeaks releases will impact its ability to function. Meanwhile, WikiLeaks continued to dribble out leaks from more than 251,000 diplomatic cables stolen from the State Department. WikiLeaks Task Force
Kindle E-Reader

Top Tech Gifts for the 2010 holidays | Your five best bets

Tech gifts have always been popular,  for good reason. Top tech gifts are usually something that someone won’t buy for themselves or at least put off the purchase of. The top tech gifts for the 2010 holidays cover a wide price range and many of the people on your gift list. Point-and-shoot cameras Even though
American Airlines

American Airlines may be cutting ties with Orbitz to cut prices

Update: American Airlines pulls fares from Orbitz on 12-22-10. In a ruling issued on Tuesday, a judge blocked Orbitz’s restraining order against American Airlines. American wants to block Orbitz from selling tickets on its airline. American claims this move will help them cut costs; consumer advocates question the results of this action. American Airlines wants

FCC announces new net neutrality standards

In a long-awaited announcement today, the FCC approved net neutrality standards on a 3-2 vote. The six-pronged net neutrality rules were called “strong and balanced” by the FCC. Critics on both sides, however, have lambasted the rules, which will likely be argued next in court. Six tenents to FCC net neutrality Chairman of the FCC
Bank of America

Nevada Attorney General sues Bank of America over foreclosures

Though Congress and state officials are investigating Bank of America foreclosures, Nevada has taken an extra step. The Nevada Attorney General has filed suit against BoA for “deceptive practices.” This lawsuit alleges that the short term loans BoA promised as mortgage modifications simply were not offered. Nevada loan modifications The Nevada Attorney General has filed
second generation apple tv

New Apple TV takes off with 1 million sold in fourth quarter 2010

Apple TV, once called merely a “hobby” by Steve Jobs, has become a serious pursuit for Apple. Apple announced Tuesday that it will reach fourth quarter sales of 1 million second generation Apple TV units this week. Future Apple TV sales may be helped by news that some notoriously slow Apple TV downloads could be

Bank of America cuts off WikiLeaks ahead of bank document release

Bank of America cut off WikiLeaks from receiving any payments from the organization. B of A has joined a host of other companies to do likewise. Some believe that finance companies are doing so ahead of a WikiLeaks release of bank documents in 2011. WikiLeaks cut off from receiving payment from Bank of America A
Tim Geithner

Installment loans from bailouts may not be that expensive

In the financial crisis of the last few years, billions of dollars in installment loans to huge firms were lent in bailouts. Many have preached loudly about the waste involved and corporate favoritism. However, it may not cost as much as some think. Rage at installment loans to big business In 2008, the financial world
The California State Capitol Building in Sacramento, photographed during the daytime.

Californians deserve a balanced payday loans argument

As mainstream media is quick to assert, the APR charged for California payday loans is typically somewhere between 300 and 400 percent. If San Diego installment loans were actually 12-month loans, those figures would indeed be frightening when compared with traditional bank and credit union loans. However, some California personal loan customers don’t have the
File photo of incumbent New York Gov. David Paterson.

New York Gov. David Paterson fined $62,125 for baseball tickets

New York Gov. David Paterson’s time in office has been checkered by scandal and embarrassment. Fred Armisen’s spoof of the legally blind politician on “Saturday Night Live” has stuck to New York’s governor like a scarlet letter, similar to what Tina Fey did for Sarah Palin. Talk of Paterson’s drug use and infidelity have been
lunar eclipse

Lunar eclipse tonight will be quite the sight

In the evening of Monday, Dec. 20, there will be a lunar eclipse. It will be the only lunar eclipse for the year, and it occurs the day before the winter solstice. Eye protection is not required during the window of time it will be visible. Lunar eclipse tonight in North and South America A
end of free and open internet

FCC net neutrality vote could end era of free and open Internet

A proposal establishing rules on net neutrality will be voted on by the Federal Communications Commission on Dec. 21. At issue are pay to play rules giving Internet service providers the power to charge higher prices for more bandwidth. The FCC net neutrality vote seeks a middle ground that prevents outright blocking of content but
Judge John E. Jones

Legislating from the bench is a dubious phrase at best

The recent strike down of the health care reform bill has reintroduced the phrase “legislating from the bench” into the national consciousness. It isn’t the first time, and the phrase was popularized in recent years by President George W. Bush. However, the term may not actually mean very much. Not much to go on with
another foreclosure, more to come

Administration: Principal reduction keeps foreclosures in check

A battle over principal reduction as a way to keep underwater mortgages and foreclosures from increasing is being waged in Washington. The Obama administration is trying to convince Fannie Mae and Freddie Mac to join a program that reduces the balance of underwater mortgage loans. Experts say the program won’t work unless Fannie and Freddie

Tax bill passes Congress and extends Bush tax cuts

The tax bill that has been the subject of a fair amount of partisan bickering has been passed by Congress. The bill extends cuts in taxes instituted during the Bush administration, thus they’re commonly referred to as the Bush tax cuts. The bill was passed by a coalition of Republicans and Democrats. House of Representatives