Is that a great country or what? At the start of last year, a friend of mine, the proprietor of a small business that has suffered badly in the recession, entered a trial mortgage-modification program. A few months later the bank told him that his application for a government-assisted refinancing rate had been turned down […]

In the instant aftermath of Bank of America’s new debit card fee announcement, many of the bank’s customers have declared that is the last straw.
Original post by Technology news - Business 2.0 Magazine

My wife’s parents, both in their early 50s, aren’t very good with money. They compose around $80,000, but spend it instantly. One of them finally started contributing to a 401(k) that year at our insistence, but how can my wife and I convince them to save for retirement or emergencies? No offense to them, but […]

A Treasury division program aimed at helping small businesses get their hands on cash ended that week — with a thud.
Original post by Technology news - Business 2.0 Magazine

Three years after a financial crisis pushed the country deep into recession, an overwhelming number of Americans — 90% — say that economic conditions remain poor.
Original post by Technology news - Business 2.0 Magazine

Starting Oct. 1, the beleaguered housing market will confront the latest hurdle to its recovery: The size of mortgages that the federal government can back will be drastically reduced in high-priced regions.
Original post by Technology news - Business 2.0 Magazine

Get ready for a new wave of bank fees. Bank of America will start charging a $5 monthly fee at the beginning of next year for customers who compose debit card purchases.
Original post by Technology news - Business 2.0 Magazine

Most job search advice is offered by so-called ‘experts’ who aren’t actually responsible for hiring anyone. But hiring managers at major employers are on the front lines of the job market crisis. They screen thousands of applicants a week and are in a rare position to reveal what job seekers are doing wrong, and what […]

Congress is clearly divided on what needs to be done to jumpstart the ailing job market. But it seems that economists are fairly split too.
Original post by Technology news - Business 2.0 Magazine