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News

2007

October

21
  • On taking early Social Security. The day that policy wonks warned about and politicians have tried to ignore is here: The nation's first baby boomer has signed up for Social Security benefits. Kathleen Casey-Kirschling was born just after midnight on…
  • Fees jack up banks' bottom line. The news that Bank of America is jacking up its ATM fee in some locations for non-customers to $3 from $2 prompted the usual muttering about money-grubbing financial institutions that nickel-and-dime people to death. But…
20
  • Vultures circle over distressed properties. Call them grave dancers, vulture funds, turnaround specialists or the more euphemistic "opportunity investors." However you identify them, the deal is the same: When hyperactive real estate markets lose their sizzle, or property owners no…
19
  • Fix rates to save loans. There have been many proposals to deal with the problems in the mortgage market. But the best place to begin is by looking at the poor lending standards and weak consumer protections at the root…
  • Crash of '87: Could it happen again?. Wall Street loves its sayings. Buy low and sell high. Don't fight the tape. Don't try to catch a falling knife. A useful one now might be one that historians often trumpet: Those who forget…
  • Airlines squeeze fliers as profit soars. The nation's airlines were late more often this summer, lost more baggage and bumped more passengers off flights than in any summer this decade. They also made more money. Despite the worst summer ever for…
  • Why veto children’s health care funding?. The single most compelling reason to expand the State Children’s Health Insurance Program (SCHIP) is also the simplest: It’s the right thing to do. But the moral argument doesn’t seem to hold much sway with…
  • New loan rules don't benefit all students. A new law will help a lot of struggling students and parents - but others will be very disappointed. The good news is very good: If you're an undergraduate and eligible for subsidized loans, the…
  • Homeowners: Sell it yourself. The last time Sabrina Williams sold a home herself, she received a solid offer the first week, got her asking price of $319,000 and saved nearly $9,000 in broker fees in the process. Snap, just…
18
  • Senator goes after cell phone fees, contracts. Some cell phone companies charge their users $100 to $200 to end a contract no matter what the reason and disguise their own charges as taxes on bills, witnesses told a congressional panel on Wednesday.…
17
  • House votes to extend ban on Internet taxes. Fear about future tax revenue shortfalls at the state and local levels helped derail a congressional push Tuesday for a permanent federal ban on Internet access taxes. Instead, a nearly unanimous House voted for a…
  • Time Warner customers misled by AT&T ad. An ad from AT&T that ran the other day in these pages and elsewhere warned that some Time Warner Cable customers are in danger of losing phone service as the cable giant makes some technical…
  • Airlines may never achieve top customer service. Maybe all the hubbub about flight delays and shoddy service is beginning to register with the USA's big airlines. After cutting costs in Chapter 11 bankruptcy, Northwest Airlines (NWA) CEO Doug Steenland now says low…
16
  • Choose credit cards by how you use them. Americans have a complicated relationship with credit cards. Most of us won't leave home without them. But ask the average consumer how she feels about credit card companies, and you're likely to hear the kinds…
  • Home Insurers Canceling in East. It is 1,200 miles from the coastline where Hurricane Katrina touched land two years ago to the neat colonial-style home here where James Gray, a retired public relations consultant, and his wife, Ann, live. But…
15
  • National Defense Department investigate consumer's finance and credit report (Chinese). 【美聯社紐約十四日電】最新公布的文件顯示,國防部911恐襲後寄出的數百封索取顧客金融紀錄的秘密信件,反映出該機構內部系統缺乏統一的協作和嚴格的監管,造成濫權和越權現象嚴重。 美國公民自由聯盟(ACLU)遵照「資訊自由法案」的規定,拿到一套經過修改的五角大廈文件。該組織聲稱,對手中455份「國家安全信件」的分析顯示,國防部與聯邦調查局聯合避開法律規定,越權獲取顧客的金融和信用紀錄。
  • NYC study: Minorities pay more for mortgages. Home buyers in predominantly black and Hispanic neighborhoods in New York City were more likely to get their mortgages last year from a subprime lender than home buyers in white neighborhoods with similar income levels,…
14
  • When there's a will, there's a way online. John Chuang of South Pasadena, Calif., became a father in 2005, he and his wife, Sulynn, knew that they needed a will. But Mr. Chuang, 38, didn’t want to pay hundreds of dollars to a…
  • The owners who can't hire and fire. Investors may have hoped that the Securities and Exchange Commission would do the right thing and allow them a much more active role in governance matters at their companies. Ownership usually brings certain rights, after…
 

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