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The Wire

Americans save more but earn less as rates fall

The U.S. is finally becoming a nation of savers. Now if only we could get something for our money. Complete Story...

West Virginia regulators approve gas rate increase

West Virginia's Public Service Commission has approved a 5 percent rate increase for Hope Gas Inc.

Fla. commissioner OKs Citizens Property rate hikes

More than 15,000 mobile home owners insured by state-backed Citizens Property insurance Corp. will see an 11 percent increase on their insurance policies in 2010.

UPS sets new rates for 2010

UPS Inc., the world's largest shipping carrier, is hiking 2010 rates for ground packages by an average of 4.9 percent.

Rates on 30-year mortgages remain below 5 percent

Rates on 30-year mortgages stayed below 5 percent this week but remained above the record set earlier this year, Freddie Mac said Thursday.

Xcel Energy trims rate increase request to $136M

Xcel Energy Inc. is seeking to raise electric base rates by $136 million a year, down from an earlier request of about $180 million, in a settlement with Colorado Public Utilities Commission staff and consumer advocates.

China: Low US interest rates threaten recovery

China's top bank regulator said Sunday the weakening U.S. dollar and low interest rates are spurring speculation in stocks and property, distorting global asset prices and threatening the global economic recovery.

Columbia Gas to charge 8-yr low rates in December

Ohio's largest natural gas company says next month's rates will be the lowest for December in eight years.

Wis. regulators approve electric rate increase

We Energies customers will face bigger electric bills.

US adult smoking rate rises slightly

Cigarette smoking rose slightly for the first time in almost 15 years, dashing health officials' hopes that the U.S. smoking rate had moved permanently below 20 percent.

Foreclosures dip 3 pct. in October from September

The number of homeowners on the brink of losing their homes dipped in October, the third straight monthly decline, as foreclosure prevention programs helped more borrowers.

Virginia regulators OK Allegheny rate agreement

Allegheny Energy Inc. says Virginia regulators have approved an agreement that reduces the utility's proposed rate increase by $3.2 million.

NH communities face increases in pension rates

New Hampshire communities are facing rate increases ranging from 11 to 31 percent for their share of public employees' retirement in fiscal 2012 and 2013.

Virginia utility to return $400M, trim rates

Virginia's largest electric utility has agreed to settle a pending rate case that will return nearly $400 million to customers and drive down monthly electric bills.

Rates on 30-year loans remain below 5 percent

Rates this week for 30-year home loans stayed below 5 percent for the second week in a row.

Empire seeks electric rate increase in SE Kansas

Southeast Kansas customers of Empire District Electric Co. could be paying higher rates next year.

European, British central banks leave rates alone

The head of the European Central Bank on Thursday hinted it could begin withdrawing some of its crisis measures soon, while the Bank of England pumped more money into the economy in an attempt to get Britain out of recession.

A look at the past 3 Fed statements on economy

A look at the evolution of the Federal Reserve's statements on the economy from its three most recent meetings:

Alabama Gas cutting rates for 4th time in a year

With winter approaching, customers of Alabama Gas Corp. are going to pay lower rates for heating their homes, the fourth cutback in the past 12 months.

BoE adds 25 billion pounds to monetary expansion

The Bank of England said Thursday it will pour another 25 billion pounds ($41 billion) into the British economy to get the country out of recession as it kept its main interest rate at a record low of 0.5 percent.

Regulators OK Alabama Power cut; more may follow

Thousands of small businesses that rely on Alabama Power Co. will get a break on their electric bills in the new year. Savings for other customers may also be ahead.

Australia lifts interest rate to 3.5 percent

Australia's central bank raised its key interest rate Tuesday by a quarter percentage point for the second month in a row, declaring the global downturn over and warning that inflation was set to rise.

Fed again pledges to hold rates at record-lows

The Federal Reserve pledged Wednesday to keep a key interest rate at a record low for an "extended period," signaling that the weak economy remains dependent on government help to grow.

Vt.'s largest power utility seeks to raise rates

Vermont's largest electric utility is asking for permission to raise its rates by 5.91 percent.

Cablevision to raise cable TV rates by 3.7 pct

Cablevision Systems Corp. is raising its cable TV prices by an average of 3.7 percent next year.

The Vine

Will tight credit affect holiday sales?

As the holiday season nears, most of us look forward to spending time with family and friends. Children anticipate the arrival of Santa Claus. It is a time for peace and harmony. Our minds are filled with feelings of generosity, sentimentality and reflection.

Poll: Are you unemployed? A more realistic look at the Unemployment Rate.

Who is counted as unemployed? Persons are classified as unemployed if they do not have a job, have actively looked for work in the prior 4 weeks, and are currently available for work.

Rates for 30-year Loans Drop
Source: roadhouserealty.net

Homeowners with 30-year loans (and looking to refinance) have been seeing some good news this past month concerning loan rates. For the past three weeks in a row now, rates for 30-year home loans have dropped to 5.04 percent.

Mortgage Rates Are Going Up!
Source: roadhouserealty.net

According to Freddie Mac, mortgage rates went up this week again over 5 percent.

We Are all Drama Queens.........Economic Update

September 11th, 2001 I was outside talking on the cell with my grandmother. The sun was just barely peaking over our rooftop when my husband yelled at me from the kitchen that the World Trade Center was under attack.

The Sweet and Lowdown.......Economic Update

During this historic economic time, more disturbing news was announced this week that will have a disastrous effect on my afternoon coffee and candy habit: Sugar is at its highest price since the 1980's! Starbucks is already adding 30 cents to my favorite low fat beverage, with …

How your credit score affects your insurance rate
Source: ABC Action News

You may have a great driving record, but it may not matter if you have a poor credit score.

Building inspection rates could go up
Source: eastbayri.com

For the first time in town history Seekonk could have its own building inspection fee schedule, which will come with a bump in rates to a few dozen local buildings if adopted without alteration.

They're Piling On

Yesterday it was elderly care, boos and jeers in Philadelphia. and a Tea Party in Columbus, Ohio. Today we have a town meeting in Minneapolis, Obama wants informants, and Axelrod's "ASK". I'm going to start with the town meeting in Minneapolis. This video speaks for itself.

This Bud Is For You......Economic Update

The American public, our Banks and our Government were invited to a back yard get-together to discuss the misunderstanding called our economy while throwing back a couple of brews.

OG&E rates are going up
Source: tulsaworld.com

Oklahoma Gas & Electric Co. customers will see the rate portion of their monthly electric bills go up by an average $6.50 beginning in August after state regulators approved a $48 million annual increase Friday.

The land of Laos: Affordable and undiscovered
Source: msnbc.com

Want to get off the beaten path? More and more savvy travelers are heading to this small Southeast Asian country. TODAY travel editor Peter Greenberg offers a glimpse.

US credit card companies jack up rates
Source: WSWS

Credit card companies have in recent months sharply raised the rates they charge customers, as credit card defaults have risen to record levels.

Mortgage rates rise to 6-month high above 5%
Source: USA Today

Mortgage rates have risen to their highest levels in six months, threatening to delay a housing turnaround by discouraging potential home buyers.

US Senate Backs Credit Card Curbs
Source: BBC News

The US Senate has voted overwhelmingly in favor of legislation to limit excessive credit card fees and stop sudden increases in interest rates.

Cracking Down on the Credit Card Companies
Source:

Congress is switching gears a bit, turning their attention from hearings on the financial crisis to markups on legislation that would protect consumers against credit card companies.

Understanding Exchange Rate Risk - when sterling is all over the place!
Source:

I found this really useful for trying to understand how exchange rate risk needs to be considered by apprentice investors like me

Women told: 'You have dishonoured your family, please kill yourself'
Source: Independent.co.uk

When Elif's father told her she had to kill herself in order to spare him from a prison sentence for her murder, she considered it long and hard. "I loved my father so much, I was ready to commit suicide for him even though I hadn't done anything wrong," the 18-year-old said.

Vegetarians 'get fewer cancers'
Source: BBC News

A vegetarian diet may help to protect against cancer, a UK study suggests. Analysis of data from 52,700 men and women shows that those who did not eat meat had significantly fewer cancers overall than those who did.

Police: $9.9 Million embezzlement led to layoffs at firm.
Source: CNN

A woman addicted to gambling and shoes stole $9.9 million! Why did it take the company so long to notice this? Stories like this make you really wonder just how many Americans have lost jobs due to the theft of their employers or co-workers! Did no one notice during this $9. …

Prisons chief cites recession for falling crime rate
Source: ReviewJournal.com - News

CARSON CITY - State Corrections Director Howard Skolnik said today that the crime rate has fallen in Nevada partly because the recession has caused more people to stay home and watch what is going on in their neighborhoods.

European central bank cuts interest rate to 1.5 - lowest since formation of euro
Source: BBC News

The European central bank cut interest rates to 1.5% - the lowest since the euro was formed on Jan 1999 (ten years ago)

Atop the Soapbox of Apathy

Jane Citizen here, reporting to you live from the winter of my discontent.

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