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Will the Deed for Lease program save your home from foreclosure? (Photo: flickr.com)

Can the D4L Program Help You Save Your Home?

Fannie Mae Unveils D4L For select homeowners who can’t afford their mortgage payments there are still more options to bring much-needed aid. Fannie Mae just released their new Deed for Lease, or D4L, program. It’s a program that allows homeowners to sign a deed in lieu of foreclosure and then rent back their home from
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Goldman Sachs Facebook deal sets bank up to manage possible IPO

A Goldman Sachs Facebook investment of $450 million was the biggest news on Wall Street Monday. The Goldman Sachs Facebook deal, plus an additional $50 million investment from a Russian firm, has given Facebook an implied market value of $50 billion. Goldman’s investment makes it a front runner to manage a Facebook IPO that most
The facade of the New York Stock Exhange draped in the U.S. flag

Freddie Mac and Fannie Mae stocks delisted from NYSE, losses grow

Freddie Mac and Fannie Mae, the key sources of funding that have kept lending to home buyers from completely drying up, were ordered by the government to cease trading their shares on the New York Stock Exchange to abide by NYSE delisting rules. Freddie Mac and Fannie Mae stocks, which have already lost nearly all
acetaminophen overdose

FDA cuts acetaminophen dose in prescription painkillers by half

Acetaminophen is a common ingredient in prescription and over-the-counter pain medications. Acetaminophen can be poisonous, and an overdose can seriously damage the liver. To halt a rising occurrence of acetaminophen overdose, the Food and Drug Administration has ordered drug companies to cut the amount of acetaminophen used in prescription medications. OTC acetaminophen drugs escape ruling
CostCo

Costco adjusting offerings amid strong sales and dropping stock

Among publicly owned retail stores, Costco is in a unique place. The store makes much of its income from membership fees. Though stock prices are dropping, quarterly sales results are strong — and Costco is making some adjustments to its offerings. Costco’s quarterly results Costco, publicly traded on Wall Street, recently released its quarterly results.
Mother Duck and Ducklings

Proposed consumer protection agency to target lenders

In the wake of the Wall Street collapse and the ongoing investigation of Goldman Sachs, there are calls for a consumer protection agency, or multiple ones. There seems to be a real need for some financial reform, but which consumer protection laws should be put forth are a point of contention.  Part of the proposed
The Monopoly Man is out of money. His demotivational poster reads: “College Tuition: Start saving now so you can retire by age 100.”

Eight percent UC tuition hike approved for fall 2011

Higher education is an expensive proposition, and thanks to the UC Board of Regents, it’s going to become more expensive for students to obtain a University of California education. According to the Associated Press, a plan was approved today that will raise student tuition by 8 percent in fall 2011. Financial aid offerings will be
Classroom

Nevada students organizing to fight budget cuts

In Reno, Nevada, college students are gearing up for a fight. These students, however, are armed with statistics, numbers and suggestions. As the legislature considers cutting education funding yet again, some students are fighting back. Proposed cuts to Nevada education Nevada, like most other states, is facing huge budget deficits that it must balance. Nevada’s

Vote on health care bill set for Sunday

The fight over the health care bill in the House of Representatives continues, and the bill is set for a vote on Sunday. The current bill was sent to the House by the Senate, and the House will require 216 votes in order to pass it, and that is what House Speaker Nancy Pelosi (D
One rich person's fingertips piece the surface of a sea of gold coins.

Recession cutback city: Even the rich people are doing it!

Spending has stimulated the recent recessionary economy, and rich people have largely been the ones doing the spending. But now the New York Times reports that even the big spenders have roped in their purchases. The Federal Reserve has acknowledged that America’s economic recovery has slowed. If conditions worsen, experts believe that another stimulus may
Ryan McPartlin

Oregon man changes name to Captain Awesome

Douglas Allen Smith Jr. has changed his identity to become Captain Awesome. The 27-year-old Oregonian decided a change in his legal name was needed and he needed something with panache. So, he legally changed his name to Captain Awesome. Douglas Allen Smith is now Captain Awesome Unemployed cabinet maker Douglas Allen Smith Jr., 27, of Eugene,
Credit Card

Consumers borrowing more money but not from credit cards

An increasing number of people are borrowing money, but more people are getting personal loans rather than using credit cards. The Federal Reserve released data that show consumer borrowing rose by several billion dollars in January, but it was from non-revolving credit sources. Credit card use dropped at the same time. Debt levels rise as
Chevy Volt electric car

Chevy Volt will start being seen on U.S. roads in December

The Chevy Volt went into production Tuesday following a celebration at the General Motors Detroit-Hamtramck plant. GM plans an initial run of 10,000 Chevy Volts,which will start being seen on U.S. roads in December. Auto analysts say the Volt, which as already won two 2011 Car of the Year awards, could be a game-changer for
An M4 carbine rifle (left) versus baby nail clippers.

TSA confiscates nail clippers from gun-toting soldier

Red State reports the story of a company of gun-toting soldiers who recently returned to the United States after a tour of Afghanistan. Despite the fact that U.S. Customs had already inspected the solders’ possessions and separated them from their ammo before putting them on the flight out of Afghanistan – and the soldiers hadn’t
Solar panel

Congressional commission investigating clean-energy loan promises

For the last two years, the Department of Energy has been offering a financial helping hand to clean-energy companies. Through the American Recovery and Reinvestment Act, the DOE guaranteed billions of dollars in loans. Some of those companies did not grow as expected, and Congress is now questioning the decisions of the DOE. Clean energy
Flying saucer

New York UFO sightings were likely balloons

Reports are beginning to emerge of a New York UFO sighting. It seems that some unidentified objects appeared over New York City on Wednesday. Almost immediately, New Yorkers took to Twitter and began tweeting about the UFO in New York City skies. Balloons can be mistaken easily for flying saucers, if seen at the right
iPad update

iPad update | Countdown to new features and functionality

Sometime in the next few weeks, an iPad update will be made available. This iOS 4.2 update will change minor things on iPod and iPhone. iOS 4 will bring big changes to the iPad slate computer, however. iPad update will include new features When the iPad was released, it shipped with iOS 4.1. While iOS