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May 24, 2010

MarketWatch: Personal Finance Daily: May 24, 2010

MarketWatch
Personal Finance Daily
MAY 24, 2010

Monday's Personal Finance stories

By MarketWatch



Don't miss these top stories:

There are some steeply discounted homes for sale these days, what with the cost of a foreclosure averaging about 35% less than the cost of a regular sale, and the prices on those regular sales already relatively low thanks to the housing-market downturn. Then there are short sales and home builders' deals on new homes. It's a veritable cornucopia of cheap homes, at least in some markets.

But as with any sharply discounted product, you may end up paying more than you thought, especially if you're not the do-it-yourself type. Read Amy Hoak's Home Economics column for more on the unexpected costs of purchasing a relatively cheap house.

While the cheapest thing on the shelf sometimes really is a good deal, with some purchases, like a home, shelling out a bit more for the right house is a smart move.

-- Andrea Coombes , Personal Finance editor

Home buyers: Get the most for your money

The nation's housing inventory is cluttered with foreclosures, short sales and home builders willing to make a deal. If you're in the market to buy a home today, you're likely weighing the benefits of each type of property available for purchase.
See Amy Hoak's Home Economics.


April sales of existing homes rise 7.6% on tax credit

Resales of homes in the U.S. real-estate market rose 7.6% during April to a seasonally adjusted annual rate of 5.77 million as buyers rushed to complete sales before the expiration of a tax credit, according to data released Monday by the National Association of Realtors.
See Economic Report.


HEALTH CARE

Five ways to keep your kids safe this summer

As summer approaches, so does the prime injury season for children. Parents have different ideas about how to keep their kids safe, but their assumptions don't always match up with some of the biggest known threats.
See Vital Signs.


New advice for kids' swimming lessons; plus, a warning about batteries

With summer just around the corner, many families are looking forward to relaxing and enjoying warm-weather recreation such as swimming. But parents can't afford to relax too much when their kids are around water.
See Kristen Gerencher's Health Matters Blog.


INVESTING

Stocks are safer than bonds, fund manager says

The investment move that has made consumers most comfortable since the market crisis of 2008 is about to become the investment folly of the 2010s.
See Chuck Jaffe.


Commentary: Seven worries for Wall Street, and what's next

Stocks traded over the past week with all the panache of the drunk uncle at a shotgun wedding, stumbling through four and a half weak-kneed sessions before snapping to attention at last call in the final half hour.
See Jon Markman.


Commentary: Three skunks say market still stinks

Three letters that anticipated the crash of 2008 were skunks at the party when the 2010 rally began. They're still bearish.
See Peter Brimelow.


RETIREMENT

Inflation's toll on annuity payouts

The guaranteed payouts on immediate annuities offer insurance against the kinds of rocky times investors have been weathering of late. But retirees need to be sure the value of their investment doesn't get slowly whittled away by inflation.
See story on inflation's toll on annuity payouts.


COLLEGE COSTS

Financial aid: How to get more

Now that families have sent in their college acceptance letters, reality is setting in. How in the world are they going to pay the bill?
See story on financial aid and how to get more of it.


CAREERS

Have week, want job

Like many twentysomethings, Sean Aiken of Vancouver, British Columbia, did not know what he wanted to do when he graduated from college. Everyone told him that he needed to find a career he cared about, but Aiken felt that the likelihood of stumbling onto his passion amid a sea of advertised job titles was low.
See story on have week, want job.


SPENDING & SAVING

How to get out of debt

Call it a concession to reality: Credit-card companies are now required to print a toll-free number for a nonprofit credit-counseling service on every bill.
See story on how to get out of debt.


CDs that let you up the rate

Locking yourself into a long-term certificate of deposit with the current paltry returns may not be so appealing.
See story on CDs that let you up the rate.


Personal-finance basics for the class of 2010

With unemployment still high and hiring still slow, this year's college graduates are moving into uncertain headwinds. But even if your career begins in the slow lane, a slew of new consumer laws and programs may help you get off to a good start on financial matters.
See story on personal-finance basics for the class of 2010.


A fantasy that will never happen - will it?

Last week, Dad suddenly asked me: "What would you think of taking six months off to take a trip to trace the history of Western civilization?"
See Yoder & Son.


ECONOMY & POLITICS

Economy growing but still short of jobs, Summers says

Americans can be "heartened" that the U.S. economy is growing again and creating jobs, but job growth is still lagging, top White House economic aide Larry Summers said Monday.
See story on economy growing but still short of jobs, Summers says.


OIL DISASTER

Oil collected from spill down to 1,120 barrels a day

The amount of oil BP PLC (BP) is siphoning from a massive leak on the floor of the Gulf of Mexico has declined to 1,120 barrels a day, a company spokesman said Monday.
See story on oil collected from spill down to 1,120 barrels a day.

NASDAQ : Latest Forex News Nnd Featured Forex Commentary

NASDAQ

Latest Forex News

Featured Forex Commentary

Forbes Asia: llish On Embattled British Airways. May 24th, 2010


Forbes Asia

Bullish On Embattled British Airways

Bullish On Embattled British Airways
Two Swiss banks expect the airline stock to outperform despite a new
round of labor unrest.
Read More Read More

BP Spill Update: Endless Spill, Endless Blame

BP Spill Update: Endless Spill, Endless Blame
One month in, neither the oil spill or the blame game show any signs of abating.
Read More Read More

Colombia, E.U. Make Strides On Trade

Colombia, E.U. Make Strides On Trade
The signing of a free-trade agreement is significant, but its changes and benefits will be felt gradually.
Read More Read More

Nigerian Billionaire Enters Arsenal's Lists

Nigerian Billionaire Enters Arsenal's Lists
Well-connected Aliko Dangote is a potential purchaser of the swing stake for control of the EPL club.
Read More Read More
Click for updates: forbes.com/europe

BBC: Business Update. May 24th, 2010. 22:19 UK


Page last updated at 21:19 GMT, Monday, 24 May 2010 22:19 UK

A BP clean-up crew removes oil from a beach in Louisiana
The US toughens its stance on BP, with one official pledging to "keep our boot on their neck" until the Gulf oil leak is stopped.

BA strike heading into second day
Thousands more British Airways passengers face cancellations and disruption as cabin crew continue into the second day of a five-day strike.

US home sales at five-month high
Sales of previously-owned US homes rise 7.6% to a five-month high - boosted by government incentives.


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