Feds order Md. thrift to find a buyer by Friday

The federal Office of Thrift Supervision has directed a Maryland bank to find a buyer by Friday or it will be subject to a possible takeover by a government conservator or receiver.

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Queen sets examples for Britain in credit crunch

It may seem improbable for a woman who divides her time among four palaces, but Queen Elizabeth II has a reputation for watching her pounds and pence.

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Once upon a time an ant and a grasshopper were neighbours, living in a big, warm garden. Although friends, they had very different personalities.

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Save or spend? It's partly a matter of personal instinct or family upbringing. But there is a cultural battle going on too - should we still enjoy a consumer society, or do we deserve a sobering dose of austerity?

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Haunted by visions of wheelbarrows filled with Reichsmarks, Germany has developed a national aversion to fiscal profligacy – which may explain why its politicians have turned on Britain

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Was that a layaway sign I saw? For the last two decades, layaway has been a relic, a vestige of a time when banks promoted Christmas savings clubs and a Depression ethos of thrift reigned.

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THE faltering economy could mean renewed interest in coupons as shoppers refocus on the cost of the products they buy — that is, if they do actually buy anything these days.

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The impact of the financial crisis on the savings and pensions of US troops in Iraq is difficult to estimate. But it has spared neither the young recruits nor the veterans nearing retirement.

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JPMorgan Chase & Co., the third- biggest U.S. bank by assets, agreed to acquire Washington Mutual Inc.'s deposits and branches for $1.9 billion after regulators seized the thrift in the biggest bank failure in U.S. history.

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The buzz at the National Restaurant Association's annual gathering of food makers, manufacturers and vendors, held this week in Chicago, was all about innovation and thriftiness.

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The Federal Reserve and two other banking regulators are set to unveil today one of the most aggressive efforts in decades to crack down on the credit card industry, prohibiting practices such as arbitrarily raising interest rates on outstanding balances.

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Have you heard the one about the girl who found a Chanel suit at her local thrift shop for $5? Or how about the one about the Manalo Bhlaniks at the bottom of the shoe bin at Goodwill?

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4 Ways to Thwart 7 Lies - companion post to a seed

MYDREE seeded an article titled "7 Lies You'll Hear From Salesmen From an Electronics Store" For the most part, the seed was correct. It did however leave out a couple of huge and often misinterpreted lies:

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But will they? A survey that arrived in my inbox from American Century Investments found that only 27 percent would spend the rebate right away, while 36 percent would use the cash to pay down debt and 25 percent would save or invest it.

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The art of cooking leftovers, one of the earliest forms of recycling and a skill that helped us win two World Wars, needs to be rediscovered to help save the environment, a new government campaign claims.

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I'll be living on just over $1,000 a month this year. That doesn't sound like much -- and it isn't -- yet I plan not just to live on it, but to build a savings account.

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"NetBank marked the largest bank to fail since since the early 1990s, which marked the end of the savings and loan crisis. The Office of Thrift Supervision closed NetBank at 3 p.m.

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I am now a Freegan. In answer to your second question (the first question was "Who Cares?", right?), a Freegan is a "person who employs alternative strategies for living based on limited participation in the conventional economy and minimal consumption of resources.

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This group, calling themselves the Compact, is going beyond recycling to meeting virtually all of their needs from thrift shops, flea markets and hand-me-downs.

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