Financial Stability
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Financial Stability
I want to be financially stable before and after I am out of high school.
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Surviving the housing collapse - MiamiHerald.com

Surviving the housing collapse
MiamiHerald.com
“Homes have been lost,” the president intoned solemnly, a meaningful reference to the collapse of the housing market and the urgent need to fix it.
Alex J's insight:

It concerns me to find out that Obama has done little to specifically help out the housing market. People will of course always need places to leave and people have lost houses, my family lost our house. It is a rough process to go through. It is good how ever though to know that the rising economy is helping the housing economy. I would say the over all economy is more important because if that isn't good it isn't like people will have the money to pay for the houses anyways. I am glad our country is moving forward economically.

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Matheny addresses report of financial issues - MLB.com

Matheny addresses report of financial issues
MLB.com
ST.
Alex J's insight:

This tells me that no one is safe from bankruptcy. Bankruptcy can happen just by making one bad investment choice. One day you can own a baseball team and the next you have your back against the wall trying to stay alive money wise. The economy also affects all aspects of life, what will happen to the baseball team that Matheny maneges? If they do not lose him as a manager then he will be one distracted manager of the team leading to their down fall for the season probably. This will effect the spirits of Cardinal fans everywhere. 

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Small business waits in vain for banks' cash | The Times

Small business waits in vain for banks' cash | The Times | Financial Stability | Scoop.it
You can take a horse to water, the saying goes, but you cannot make it drink. Britain's banks have always argued that, since the financial crisis began, credit has been...
Alex J's insight:

The lack of loans that people can get (if they are not a big business) is really sad. It takes money to make money and if banks aren't willing to loan money at a reasonable rate they cannot expect people to want to take loans out. If people don't take loans out to start businesses there are less jobs. It is a never ending cycle that helps dig the hole that is the global economic crisis now. Why can't banks give loans at low interest rates till the economy is boosted again? Do they not make enough money as is? The capatilistic qualities of America is what let us to this crisis in the first place.

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Safe, affordable housing is a 'health vaccine,' says expert

Safe, affordable housing is a 'health vaccine,' says expert | Financial Stability | Scoop.it

An afordable house that is stable is very good for your health and good for our economy. Housing can help boost mental and physical health and of couse if money is changing hands then the economy is being stimulated. I will be needing a house eventually and I would like an afordable but nice hosue and I would also like to not lose my mind after it. I would also like to raise my kids in an economically stable country. It is good to find out that a good home is good for health.

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5 big banks have cut mortgage balances by $6.3B

5 big banks have cut mortgage balances by $6.3B | Financial Stability | Scoop.it
Between March 1 and Sept.30, hundreds of thousands of borrowers received some form of mortgage relief (RT @CBSMoneyWatch: 5 of America's biggest banks have cut mortgage balances by $6.3B http://t.co/9sIGcHwL...
Alex J's insight:

Mortgage cuts are good for people, it makes house payments easier to pay and the financial burden less on people who are caring heavy loads of debt on their shoulders. Though the amount of relief brought through short sales is disheartening to me because I went through one, we basically were forced to sell our home for less than it was worth and move becasue we couldn't aford the payments. The good thing about shortsales is that the bank forgives the difference in what you sold the house for and what you owed on the house.

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Complacency weighs on Europe's financial p rogress - The Seattle Times

Complacency weighs on Europe's financial p rogress - The Seattle Times | Financial Stability | Scoop.it
Complacency weighs on Europe's financial p rogress
The Seattle Times
Complacency weighs on Europe's financial p rogress.
Alex J's insight:

The global economic crisis is, well just that, a crisis. The good news that Europe is starting to dig itself out of the hole one country at a time is a ;oad off. It puts ease to the mind because maybe, just maybe America will follow and be digging out of the crisis as well. The news that countries might not take the financial crisis more laxidasically when they start to pull out how ever is not very pleasent. The Euro, though not standard here, is worth more, will it's drop in value drop the American dollar don in value? Or would we surpass them as the more valueble currency even though we owe trillions of dollars?

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Unified student financial assistance system pushed - Philippine Star

Unified student financial assistance system pushed
Philippine Star
Lawmakers are pushing for the passage of the proposed comprehensive and unified student financial assistance system that will fund quality education to benefit more poor students.
Alex J's insight:

I know this isn't for the U.S. but this is important for everywhere. Every place needs a unified student financial ade system. Education is needed to get a good paying job, a good paying job buys goods, those goods are made by people educated in steal manufacturing, house architecture, mechanichs. It is all part of the cycle. If people can't afford education they will be hardpressed to find a good paying job and without a good paying job it is hard to survive let alone thrive in this economy.

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Housing Starts Up, Building Permits Down - Forbes

Housing Starts Up, Building Permits Down - Forbes | Financial Stability | Scoop.it

Though housing developenments are starting to be built less building permits are being purchased. From my observations there are a lot of housing developments being built in my area. People are still in debt and banks are still hesitant to loan out money. To me it is interesting because people will always need housing so there should pretty much always be people in demand, building. At the same time people also die daily so the older houses go up for sale as well, so I can see where it evens out.

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New York sues Credit Suisse in latest mortgage lawsuit

New York sues Credit Suisse in latest mortgage lawsuit | Financial Stability | Scoop.it
Attorney General Eric Schneiderman targeted JPMorgan over similar conduct at Bear Stearns last month (New York sues Credit Suisse for mortgage fraud http://t.co/ZkVg6U4L #business...)...
Alex J's insight:

Financial fraud causes people to question whether or not to invest. Big business has always tried to find the quickest way to make the most money and greed has always made it hard to survive in business and people weary of of investing. Companies being found fraudulent causes law suits and the investers to loose their money. This makes me not want to invest without professional insight.

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