“After hitting a record of nearly 20 million in 1979, the number of American factory workers has plunged during each of the last five recessions and each time has never recovered. Today, 12.3 million people are employed in U.S. factories, a loss of nearly eight million jobs. Forecasters in The Wall Street Journal’s monthly survey…
Day: December 10, 2016
Assessing the "Obama Economy"
Wall Street Journal Marketwatch columnist Brett Arends assessed the progress of U.S. economy under the Obama administration by comparing data from the third quarter of 2008 — just before Obama’s election — with the third quarter of 2016.The Obama Economy Third-quarter 2008 Third-quarter 2016 Verdict Gross domestic product (2009 dollars) $14.892 trillion $16.713 trillion Up…
Cash Back Credit Cards
Source: Financial Planning for Women
Reverse Mortgage Lenders Fined for Deceptive Advertising
“American Advisors Group, Reverse Mortgage Solutions and Aegean Financial are the latest names to face the wrath of the Consumer Financial Protection Bureau due to deceptive advertisements in reverse mortgage lending. Collectively, the bureau ordered the three reverse mortgage lenders to pay a civil penalty of $790,000.”A reverse mortgage allows homeowners 62 and older to…