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Chris Pummer is managing editor for SkyGrid, a real-time financial content platform. He was previously a technology team editor for Bloomberg and assistant managing editor at CBS MarketWatch.com. He has appeared on CNBC and NPR and worked as a reporter for the Los Angeles Times and the San Jose Mercury-News.- more about Chris Pummer »
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- Banking Industry Still Drawing Fire Amid Continuing Reform Debate
- On CNBC this morning, Jim Cramer ridiculed protestors demonstrating outside the American Bankers Association annual meeting in Chicago, saying "that's so 2008." The self-proclaimed advocate for small investors' disdain for the protestors is itself a demonstration of the conflicted views over banking-industry reform. Are you still angry...
- Blog posts 2009-10-26
- College-Town Bargain Homes Beckon to Families, Retirees
- Looking for a great place to raise a family, retire after you've raised one, or invest your IRA funds in a strong rental-home market? Maybe it's time for you to go back to college. A new Coldwell Banker survey confirms what real estate professionals have long known...
- Blog posts 2009-11-06
- Don't Tap Into Your 401(k)? Easy for Experts to Say
- You know it's unwise to ransack your 401k or IRA funds even if you face a serious cash crunch, but you do it anyway. Shame on you! If only your sure-to-be-impoverished, 70-year-old self could come back in time and smack you silly to prevent such foolishness. In...
- Blog posts 2009-10-29
- Russia and Germany Shaking Down U.S. Taxpayers on Opel
- Boy, are they steamed in Russia and Germany today about General Motors backing out of selling its Opel unit to Canadian auto-parts maker Magna International and Russian lender Sberbank. Ever-menacing Russian Prime Minister Vladimir Putin claims GM's board isn't empowered to nix the deal and German unions...
- Blog posts 2009-11-04
- Most Child-Support Payers Stiff Their Kids, Problem Intensifying
- It's tough to manage your household budget when you're depending on an unreliable source of income, but that's a predicament faced by most single parents receiving child-support payments from an ex-partner. Nearly a quarter of parents owing child support are complete deadbeats and fail to make any...
- Blog posts 2009-11-09
- How to Be First in Line for Growing Number of Unfilled Jobs
- While the jobless rate continues to rise, so too is the number of positions going unfilled by U.S. employers, which bodes well for a pickup in hiring in the new year. An estimated 2.48 million jobs were unfilled in September, up 57,000 from a month earlier and...
- Blog posts 2009-11-10
- Gift Cards Still Have Pitfalls, Despite Better Consumer Protections
- Gift cards take much of the spirit out of gift-giving -- the thoughtfulness extends little further than choosing a dollar amount and maybe a specific merchant -- but there's no denying the popularity of the convenience they offer. Consumers bought $25 billion worth for holiday gifts last...
- Blog posts 2009-11-11
- Existing Home Sales Spike Belies a Market Still Struggling
- Today's existing-home sales report seems to offer cause for celebration, but before you rush to sell your house to cash in, best look beyond the smoke and mirrors. Sure, sales volume leaped 9.4% in September to its highest level in two years. The biggest month-to-month gain in...
- Blog posts 2009-11-09
- Economic Reports Tell Mixed Story on Eve of GDP Reading
- Last fall gave way to the winter of our discontent over all things economic, and now we’re in the midst of an autumn of muted hope: You may see the leaves as at the most colorful in their life cycle -- or as withering and falling once again. ...
- Blog posts 2009-10-28
- Financial Media Seized by Schizophrenia in Uncertain Times
- In times like these when it's unclear what to make of the economic recovery, the media turns into a raving schizoid with its financial coverage. As a news consumer, don't get too worried -- or relieved -- about the back-and-forth mix of ominous and elated headlines you're seeing. ...
- Blog posts 2009-11-13
- Feast on a Cheap McMansion While You Can
- They go by such names as garage mahals, hummer houses and starter castles and soon you may add another -- dinosaur mausoleums. Â And while they've been widely disparaged, McMansions are among the best bargains in many housing markets now. These big, boxy homes often slapped up on...
- Blog posts 2009-11-13
- Jump on Discounted Home-Improvement Products for Future Projects
- Lowe's lousy profit report today underscores the problems that big home-improvement retailers face when homeowners delay planned additions and remodeling amid economic uncertainty. If you've already set aside some cash for a such a project, though, Lowe's woes -- and those of similar outlets --Â actually offer you a rare...
- Blog posts 2009-11-16
- Airfare Shopping Made Tougher by Demand for Economy Seats
- If you’re planning airline travel in the months ahead, you’ll need to work a little harder and smarter to snag the lowest possible fares. Figures released today showed a sharp drop in business-class bookings for September and a concurrent rise in economy-class travel amid continued belt-tightening by both corporate...
- Blog posts 2009-11-17
- Act Now on Refinancing -- or Kiss Those Low Rates Goodbye
- Procrastination can be costly in financial affairs, especially with the biggest combined asset and debt most of us own and owe: our home and the mortgage we pay for it. There's a window of opportunity right now in the mortgage market that seems likely to close in months ahead -- one you may regret not...
- Blog posts 2009-11-18
- Move-Up Homebuyers Getting in on Tax-Credit Incentives
- Rather than letting the $8,000 federal tax-credit for first-time homebuyer credit lapse, Congress appears headed to reauthorizing the incentive through April 30 and expanding it to "move-up" buyers with a $6,500 credit on home purchases up to $800,000, based on a Senate vote last night. If you're...
- Blog posts 2009-11-03
- U.S. Productivity Gain Brings Greater Job Security for Workers
- Fearing you may lose your job can really kick your work effort into higher gear -- especially when your struggling employer is putting pressure on to squeeze more productivity out of a shrinking workforce. That's just what happened in the third quarter when U.S. worker productivity posted...
- Blog posts 2009-11-05
- Americans' Savings Keep Growing Fatter in Lean Times
- After gorging ourselves on enough home-equity, credit-card and auto-loan debt to choke Jabba the Hut, many of us are feeding our savings accounts more in tighter times than reveling in wanton, unbridled consumption. Americans' personal savings rate rose to 3.3 percent last month from 2.8% in August,...
- Blog posts 2009-10-30
- U.S. Economic Recovery Looks to Be Gaining Strength
- The most bankable of monthly U.S. economic reports in terms of the scope of what it tell us is the Index of Leading Economic Indicators -- and you should take heart in what the latest reading shows. The index rose for a sixth straight month in September...
- Blog posts 2009-10-22
- Fed Chairman Comes to Banks' Defense on New Credit-Card Rules
- A major power play is underway in Congress that will determine how soon you will get relief from abusive credit-card practices. The roundabout tussle pits U.S. Rep. Barney Frank, Democratic chairman of the House Financial Services Committee, against Ben Bernanke, chairman of the Federal Reserve Bank. Bernanke...
- Blog posts 2009-10-21
- Contribution Limits for 401(k)s Hold the Line for 2010
- For all the belt-tightening the economic slump has caused, at least it hasn't undercut how much Americans can contribute to their 401k retirement savings. Contribution limits for 401ks are linked to inflation, and many financial advisors feared the IRS would cut the maximum for 2010 due to...
- Blog posts 2009-10-17
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