General Interest
Bank of America Under the Microscope for Possible HAMP Violations
Bank of America could soon be in some serious hot water due to claims made by former employees. A statement made by Simone Gordon, a former Bank of America loss-mitigation specialist who departed the bank in 2012, said the bank improperly disqualified some applicants to the Home Affordable Modification Program or HAMP (source). Gordon’s statement…
See Full Article Here ->No More Pennies in Canada. Should the US Follow Suit?
In Canada, the Economic Action Plan of 2012 brought about the end of the Canadian penny. The thought process was that, when comparing the face value versus its rising production cost, it just didn’t make sense to make them anymore. For now at least, the existing pennies can still be used for as long as…
See Full Article Here ->Looking to “Kickstart” Your Business?
Because even Bill Gates had to start somewhere, there is an innovative presence on the Internet called Kickstarter. In a nutshell, Kickstarter helps those who need funding for any type of creative project they’d like to roll out to the public. These can be anything in the music, design, technology, film, gaming and art arenas,…
See Full Article Here ->Housing Prices on the Rise Almost Everywhere
The housing market is showing a great deal of growth these days, and there are a number of studies to support this theory. According to FHFA (Federal Housing Finance Agency) pricing data the price of homes across the country rose 6.7% when compared to the same period of time in 2012 (source). These numbers are…
See Full Article Here ->175,000 New Jobs in May Signals Guarded Optimism
Over the past few years, the warmth in the air meant a cold spell in the job market. A downturn in jobs has been the norm each spring – that is, until 2013 (source). In May, there were 175,000 new jobs, yet another indication that the economy is making slow but steady progress. While this…
See Full Article Here ->Most Experts Believe Citi is in for Great Things, but One Expert Disagrees
A recent poll consisting of 34 respected financial analysts (tracked by Bloomberg) showed that a vast majority believe Citigroup is on the cusp of major profits. But one of the four dissenters is the well-respected Charles Peabody, lead researcher at Portales Partners, LLC – the very gentleman who foresaw and predicted the mortgage crisis as…
See Full Article Here ->Rotten to the Core? Apple Tax Scandal Further Blights Corporate Image
You may already have heard or read about the alleged poor working conditions for Apple’s employees in China. It may not be the only worm in the company’s image. Recently, the interrogation light was shined upon Apple, the country’s most profitable technology company. At press time, the investigation continues. It turns out that Apple created…
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