Falling pound squeezes retired British expats
June 29, 2008
Margaret Ditchburn never used to mind the prices at her favorite French-style bistro in this sun-baked seaside resort popular with retired British expatriates.
The 59-year-old retired nurse from drizzly York in northern England would enjoy 50-euro meals of steaks and a bottle of wine with her husband three or four times a week and never give the bill a second thought.
She has to now, with the pound down 17 percent against the euro in a year, falling to 1.24 euros from 1.48 euros due to fears on currency markets that the British economy may slide into recession, and because of higher interest rates in the euro countries than in Britain.
http://www.topix.com/personal-finance/2008…
Tapping 401(k) is bad idea
June 29, 2008
Investors’ anxiety about the economy and rising prices for gas, food and most other things has some thinking about tapping retirement savings to ease their current financial troubles.
http://www.topix.com/personal-finance/cred…
Of Mutual Interest: Tapping retirement savings can be costly in the long run
June 27, 2008
INVESTORS’ ANXIETY about the economy and rising prices for gas, food and most other things has some thinking about tapping retirement savings to ease their current financial troubles.
http://www.topix.com/personal-finance/cred…
Wall Street pares losses in volatile trading
June 27, 2008
Wall Street pared its losses late Friday as the approaching end of the quarter had investors picking up stocks to close out their portfolios - the practice widely known as window dressing.
http://www.topix.com/personal-finance/2008…
Resolution scraps investment plan for Bradford & Bingley
June 27, 2008
British investment group Resolution said Friday it had abandoned its funding plan for home-loans provider Bradford & Bingley because of opposition from management at the group it sought to buy.
http://www.topix.com/personal-finance/2008…
Buying Or Renting? Make Most Of Economy
June 27, 2008
To rent or to buy? That may be the question, but the answer’s not always easy. If you’re looking to move into a house, but don’t want to commit yourself to a mortgage payment, renting might be a better option …
http://www.topix.com/personal-finance/2008…
A fee for finding lost money
June 27, 2008
A tracer firm says it’s found $14,000 in lost assets for us. Do I pay them the fee they want, or do I even trust them?
http://moneyhelps.blogs.money.cnn.com/2008…
Home loan aid programs could be cut in housing bill
June 27, 2008
Nonprofit groups are battling with the Bush administration over whether to kill programs that allow homebuyers without the money for a down payment to get funds from sellers that are channeled through …
http://www.topix.com/personal-finance/2008…
Congress passes Iraq war spending bill
June 26, 2008
The Senate passed a $162 billion war spending plan Thursday, sending to President Bush legislation that will pay for operations in Iraq and Afghanistan until the next president takes office.
http://www.topix.com/personal-finance/2008…
The Future of the World Economy
June 26, 2008
Smart Investing Market Insights: From banking to rising oil prices, Horacio Marquez answers your questions on a myriad of issues facing the global economy today.
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