Debtors Prison

Home Sales Picking Up Speed

The declining inventory of for-sale homes over the past year naturally creates pressure for buyers to more quickly snap up the inventory that is on the market," said Stan Humphries, chief economist at Zillow. "This demand has been fueled by huge resets in home prices since [the] market peak, historically low mortgage rates and a slowly improving broader economic climate,"

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US Airways, American to merge after settling antitrust suit

From Yahoo Finance: WASHINGTON/NEW YORK (Reuters) - US Airways Group Inc and American Airlines will be allowed to merge to become the world's largest airline after they agreed to give low-cost competitors more access to several key U.S. airports, including in New York and Washington. The agreement, subject to court approval, ends a U.S. Department of Justice lawsuit filed in August. The government opposed the merger of US Airways and AMR Corp, parent of bankrupt American Airlines, on the...

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The 0.9% Obamacare Surtax Is Coming…

It’s hard to keep all the new Obamacare taxes straight, but there’s one that some couples won’t see until they file their 2013 taxes next April, and bizarrely it could mean a surprise tax bill or a refund. It’s the 0.9% Medicare surtax on wages and self-employment income (not to be confused with the separate new 3.8% net investment tax on capital gains, dividends and passive income)...

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Obamanomics: The ‘Real’ Unemployment Is 13.8%

The U-6 rate captures the fuller picture of people who are willing and able to work, but cannot find a job.

Since President Barack Obama has been president, the  U-6 unemployment rate rose from 14.25% in January 2009 to a high of 17.1% in October, November and December 2009 and the same rate in February, March, and April 2010.  The U-6 rate did not fall below 14% under Obama until March 2013, when it hit 13.8%, the same rate for October 2013...

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