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Oct 16, 2010

MarketWatch : The week's 10 best Personal Finance stories. Oct. 16th.,2010

MarketWatch

Personal Finance Daily
OCTOBER 16, 2010

This week's top Personal Finance stories

By MarketWatch



In case you missed them, here are the top 10 Personal Finance stories from MarketWatch for the week of Oct. 11 to 15:

Retirement income for life

There was a time when a retiree didn't need to worry about balancing the need to leave an inheritance with the need to have guaranteed income for life with the need to enjoy a decent standard of living.
Read more on retirement income for life.

Watch out for ATM skimming

The next time you pull up to an ATM, take a closer look at the machine. Does it look a little clunkier than usual?
Read more on watch out for ATM skimming.

The housing crisis in 1933, and today

While the current mortgage meltdown and resulting housing bust has been described as the worst since the Great Depression, it's nothing when compared to what happened in 1933.
Read more on the housing crisis in 1933, and today.

Know when to dump a losing fund

One of the big questions mutual fund shareholders can face is how long to put up with a struggling manager.
Read more on know when to dump a losing fund.


Social Security benefits won't rise in 2011

Social Security recipients will not receive a cost-of-living increase to their benefits next year, the government announced Friday, following data that showed few inflationary pressures.
Read more on Social Security benefits won't rise in 2011.

Foreclosure crisis: what it means for you

Whether you recently bought or plan to buy a foreclosed home, the latest news that banks have mishandled foreclosures may have you worried.
Read more on foreclosure crisis: What it means for you.

Fixed-rate mortgages fall to record low

Fixed-rate mortgages fell this week to record lows, with the benchmark 30-year loan averaging 4.19%, Freddie Mac said Thursday. It marked the 23rd consecutive week the 30-year has been below 5%.
Read more on fixed-rate mortgages fall to record low.

Obama wants tax credit for four years of college

President Obama is calling on Congress to make permanent tax credits to cover all four years of college expenses in a move that could save some families as much as $10,000 toward a degree.
Read more on Obama wants tax credit for four years of college.

Consumers paying off debt? Not likely

If the media doesn't understand consumer delinquency numbers, there's no reason to believe consumers get it. But what became patently obvious last week when the American Bankers Association released second-quarter data on the nation's credit picture is that the "good credit behaviors" we keep hearing about of late are mostly hogwash.
Read more on consumers paying off debt? Not likely.

Winter heating bills to rise 2.5%, U.S. projects

U.S. households will spend 2.5% more on heating fuels this winter than last year, with fuel prices rising "moderately" even as slightly milder weather is expected, the Energy Information Administration said Wednesday.
Read more on winter heating bills to rise 2.5%.

The Washington POst : Today's Headlines & Columnists. Oct. 16th., 2010




TODAY'S HIGHLIGHTS

For foreclosure processors hired by mortgage lenders, speed equaled money
Millions of homes have been seized by banks during the economic crisis through a mass production system of foreclosures that was set up to prioritize one thing over everything else: speed.
(By Ariana Eunjung Cha and Zachary A. Goldfarb, The Washington Post)

W.Va. Senate hopeful Joe Manchin has one problem: That pesky 'D' after his name
(By Perry Bacon Jr., The Washington Post)

Before '08 Mumbai attacks, U.S. was warned key figure in plot had terror ties
(By Sebastian Rotella, The Washington Post)

Yankees rally to take Game 1 of ALCS from Rangers, 6-5
(By Adam Kilgore, The Washington Post)

Party meeting begins in Beijing amid increasing dissent over human rights
(By Keith B. Richburg, The Washington Post)

More Today's Highlights


POLITICS
Social Security benefits will remain flat for 2nd straight year, government says
For the second year in a row, the nearly 54 million retirees and other Americans who receive Social Security benefits will not get any cost-of-living increase in 2011 in their monthly checks, government officials announced Friday, renewing debate over whether the system offers enough help in a we...
(By Amy Goldstein, The Washington Post)

W.Va. Senate hopeful Joe Manchin has one problem: That pesky 'D' after his name
(By Perry Bacon Jr., The Washington Post)

Iraq's Kurds set to be kingmakers again
(By Leila Fadel, The Washington Post)

More Politics


NATION
Before '08 Mumbai attacks, U.S. was warned key figure in plot had terror ties
Three years before Pakistani terrorists struck Mumbai in 2008 , federal agents in New York City investigated a tip that an American businessman was training in Pakistan with the group that later executed the attack.
(By Sebastian Rotella, The Washington Post)

More Nation

WORLD
Party meeting begins in Beijing amid increasing dissent over human rights
BEIJING - China's Communist Party Central Committee on Friday started its annual closed-door meeting to map the country's economic course for the next five years, amid increasingly bold calls for political reform and a continuing crackdown on human rights activists, dissidents and lawyers.
(By Keith B. Richburg, The Washington Post)

Afghan-Taliban talks focusing on site, safe passage for negotiations
(By Joshua Partlow, The Washington Post)

Iraq's Kurds set to be kingmakers again
(By Leila Fadel, The Washington Post)

Before '08 Mumbai attacks, U.S. was warned key figure in plot had terror ties
(By Sebastian Rotella, The Washington Post)

More World

METRO
Md. aims to curb drug activity in forest
Amid the oaks and hickories of the Green Ridge State Forest, a 46,000-acre tract of wooded slopes and stream valleys in western Maryland, all may not be as idyllic and remote from the ills of modern civilization as geography might suggest.
(By Martin Weil, The Washington Post)

More Metro

BUSINESS
Digest
General Electric posted a sharper-than-expected drop in revenue on slack demand for wind turbines, locomotives and other heavy equipment, reflecting weakness in the economy.
(The Washington Post)

For foreclosure processors hired by mortgage lenders, speed equaled money
(By Ariana Eunjung Cha and Zachary A. Goldfarb, The Washington Post)

Social Security benefits will remain flat for 2nd straight year, government says
(By Amy Goldstein, The Washington Post)

More Business

 SPORTS
Stewart's 1st hat trick helps Thrashers beat Ducks
ANAHEIM, Calif. -- Anthony Stewart scored his first three goals of the season, completing his first career hat trick with a tying power-play goal that was upheld by video replay late in the third period, and the Atlanta Thrashers beat the Anaheim Ducks 5-4 in a shootout on Friday night.
(AP)

Glendale, Hulsizer reach Coyotes lease agreement
(By BOB BAUM, AP)

California woman killed after driving replica Indy car into wall
(AP)

Early theme of NFL season is parity
(By Mark Maske, The Washington Post)

Yankees rally to take Game 1 of ALCS from Rangers, 6-5
(By Adam Kilgore, The Washington Post)

More Sports


STYLE
Tomfoolery and camaraderie in a whole new dimension
I know what you're thinking: Am I highbrow enough to see "Jackass 3D"?
(By Dan Kois, The Washington Post)

Drinking in some light and lively Scotch
(The Washington Post)

Lauded for seeing the macro picture
Fulbright Prize honors Bill and Melinda Gates as visionary philanthropists
(By Jacqueline Trescott, The Washington Post)

T.I. gets 11-month jail sentence for violating terms of probation
(The Washington Post)

'Sleep training' has mom tied in knots
(By Carolyn Hax, The Washington Post)

More Style

NYT: Morning Business News.-Rum Battle in Caribbean Leaves Tax Hangover. Oct. 16th.,2010



BUSINESS:

Rum Battle in Caribbean Leaves Tax Hangover
By DAVID KOCIENIEWSKI
Rum has set off a dispute between Puerto Rico and the Virgin Islands over a tax the U.S. treasury collects on it.

Bernanke Weighs Risks of New Action
By SEWELL CHAN
The Federal Reserve chairman, Ben S. Bernanke, indicated that the bank would take steps to try to fight unemployment and low inflation.

U.S. to Investigate China’s Clean Energy Aid
By SEWELL CHAN and KEITH BRADSHER
The Obama administration pledged to investigate Beijing’s subsidies to its clean-energy industries while delaying a politically volatile report on the Chinese currency.

More Business News