Monthly Archives: January 2011

Banks loosen credit standards as consumer spending improves

Credit standards are loosening as banks compete for loans, consumer spending increases and the lending industry starts to return to normal.
minimum credit score

Elizabeth Warren on credit cards, banks and payday loans

Elizabeth Warren of the Consumer Financial Protection Bureau told the Associated Press the organization supports the payday lending industry.
Mock Photoshop illustration of Elizabeth Warren's face on the U.S. dollar bill.

Florida judge rules entire health care law unconstitutional

A Florida judge has ruled for the plaintiffs in a state versus federal health care case that could ultimately end up before the Supreme Court.
health care law

Payday loan APR Fees and How They Compare To Other Financing Rates

A fee of $32 on a $100 bounced check can have an APR as high as 2,336%. You would be surprised to see how other fees measure up.
A fee of $32 on a $100 bounced check can have an APR as high as 2,336%. You would be surprised to see how other fees measure up.

Jackson Hewitt sues H&R Block over short term loan ads

Tax preparation giant H&R Block is being sued by Jackson Hewitt, claiming defamation from a series of commercials made by H&R Block.
Trial

The Ford money machine churns out profits

Ford will announce that 2010 was its most profitable year since 2000, reports Automotive News. CEO Alan Mulally cites quality as the reason.
Photo of a Ford Logo

Death penalty drug shortage slows down executions

The company that makes a drug used in lethal injection has been denied a license by Italy, leading to a shortage and search for alternatives.
Phot of how leathel injection works.

Installment Loans Online and How They Differ From The Average Payday Loan

One of the most liked features of installment loans is being able to pay them back over a much longer period of time then normal loans you may find locally.
One of the most liked features of installment loans is being able to pay them back over a much longer period of time then normal loans you may find locally.

Massive blizzard threatens to bury Chicago and Midwest in snow

A massive blizzard system is moving through the Midwest, which may bring massive snowfall. The Chicago area is expected to be hit hardest.
Blizzard

Publix ice cream recall | Mistake in release distracts from risk

The FDA and Publix supermarkets have released a voluntary recall of ice cream -- but the recall announcement contained one big mistake.
Publix

On Groundhog Day 2011, Punxsutawney Phil at risk for hypothermia

Chances are the celebrated gopher will will not see his shadow on Groundhog Day, and winter in the northeast is likely to continue unabated.
punxsutawney phil

The Ease and Convenience of Short Term Loans Needs To Be Managed In A Smart Way

It is not wise to go crazy with short term loans just because you can get them online with no credit checks, no collateral and without having to fax in tons of documents.
It is not wise to go crazy with short term loans just because you can get them online with no credit checks, no collateral and without having to fax in tons of documents.

Texas rolling unemployment loan to the private market

Several states are responsible for huge interest payments to the federal government. Rather than put budgets at risk, payments are extended.
Loan

Amid chaos, U.S. citizens urged to evacuate Egypt immediately

As the regime of Egypt's Hosni Mubarak teeters on the edge, the U.S. State Department has urged U.S. citizens to evacuate Egypt immediately.
A scene from the Egypt riots of 2011. Police and civilians clash. One man is forcefully carried above the wave of chaos.

New dietary guidelines published by federal government

The government has just released the new Dietary Guidelines for Americans. Major recommendations are to eat more veggies while cutting fats.
Salmon

What You Need To Know To Keep From Getting Trapped By Cash Advance Addiction

Cash advances are not a long term financial fix for spending spree addictions. Using them should be done so responsibly and in a realistic manner.
Cash advances are not a long term financial fix for spending spree addictions. Using them should be done so responsibly and in a realistic manner.

The Earth will not likely have two suns in 2012

There is a rumor that the star Betelgeuse will go supernova in 2012 and cause the earth to have two suns -- or end. Both rumors are bogus.
Photo of two sons.

Heavy metal poisoning could come from re-usable shopping bags

A consumer protection group has tested re-usable plastic shopping bags and found that more than 30 percent of them contain too much lead.
Photo of reusable shopping bags.

Fear of Suez Canal closure drives up price of crude oil futures

The Suez Canal is a vital route for shipments of Middle East oil to the Western Hemisphere, and the government worries it will be shut down.
suez canal middle east oil shipments

No Credit Check Personal Loans From The Comfort Of Home - A Good Thing or a Bad Thing?

Personal loans are so easy to get it worries some consumer groups. Like anything on the internet it pays to be informed before you pursue any online transactions.
Personal loans are so easy to get it worries some consumer groups. Like anything on the internet it pays to be informed before you pursue any online transactions.

Estimates project Social Security will run out of cash by 2037

New estimates by the Congressional Budget Office indicate that Social Security will run deficits until 2037, when it will run out of cash.
Salt Flats

World food inflation prompts desperate hoarding

Prices for agricultural commodities like wheat, rice and sugar are at record highs. Nations are hoarding food in anticipation of bad times.
A farmer at work in the Nuba Mountains of Sudan.