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News From The Swamp
Lenders Freeze Mortgages Rates For Some
The Administration and the mortgage industry came to an accord yesterday to freeze loan rates and offer relief for some sub-prime mortgage borrowers. Here's the salient details.
Borrowers...
Current on payments get to keep low introductory rates for five years. Salvation!
Delinquent on payments: Screwed.
Who can afford higher monthly payments: Screwed.Lenders Agree to Freeze Rates on Some Loans [NYT]
(Photo: amyadoyzie) -
Videos
Maybe Landlord Will Fix Ceiling After It Collapses?
This is a video of Bucky's liquefied bathroom ceiling: After cleaning black mold off the ceiling daily with bleach for about two months and pleading with the new landlord, he sent the pseudo-super, who barely speaks English, to fix the leak in my bathroom.
More »After ripping down the almost collapsed ceiling and the neighbor's kitchen floor, the guy discovered at least three different leaks, all converging on my ceiling.
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Shopping
Morning Deals
- Amazon: 37 toys with pricedrops
- Dell: Canon Rebel XT Body only (no lens) $382
- Sears: Craftsman 145 pc. Mechanics Tool Set, 6 pt.for $99.99
Highlights From Dealhack
- Cambridge SoundWorks: Save $70 off: Cambridge SoundWorks Radio 705 $60 Shipped
- B&H Photo: Olympus 8 Megapixel Digital Camera $153
- Amazon: Save up to 70% + Bonus 20% off Invicta Watches
Highlights From Bargainist
- HP: 30% off Pavilion Desktops $799 or more coupon
- Amazon: Buy any 2 Dr. Seuss titles, get 3rd free
- ESPRIT: 20% off purchases coupon
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Health insurer UnitedHealth Group told investors that it lost 315,000 customers this year due to having ridiculously crappy customer service. In other news, the population of Pittsburgh, PA is only 312,819. Uh, whoops. [WSJ Health Blog]
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Above and Beyond
Costco Finds Item You Accidentally Left In The Parking Lot And Holds It For You
Reader Chris bought an item at Costco, accidentally left it in the parking lot and figured that was that. Little did he know that Costco employees had found the item, made a note of it, and were just waiting around for him to return so he could grab a new one off of the shelf. More » -
Badvertising
Great Moments In Commercial History: The Game Store
Here we see a commercial for "The Game Store" in Hazleton, PA, starring Stevie Richards. Mr. Richards is a professional wrestler of some kind. Wrestling must not pay very well, because Stevie is in dire need of a new shirt. More » -
Gift Ideas
Gift Guide For People Who Love Data
If you're a data and/or gadget junkie, or you know someone who is (and they've already got enough Ambient Devices), infosthetics has put together a guide to 20 info-centric gift ideas—like this $29 poster that maps the "genealogy of pop/rock." More » -
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Bite back
Reader Takes Comfort In Making The DMV Type The F-Word In A Legal Document
The DMV is making reader Paul surrender his license plates because they could stand for something untoward, but he takes solace in the fact that he made them type a nasty word in a legal document. More » -
Retail
Shoppers Chill Out: Retail Sales Down 4.4% From Last Year
Reuters is reporting that retail sales are down 4.4 percent compared with same period a year ago. More » -
Weird
Fake Brake Pads Made Of Kitty Litter? Knockoffs Can Be Dangerous
Consumer Reports warns us that knockoffs aren't just found on the streets of NYC, where peddlers push fake Gucci and Prada bags to giggling tourists. There are now "brake pads made of kitty litter, sawdust, and dried grass; power strips, extension cords, and smoke alarms with phony Underwriters Laboratories (UL) marks; medical test kits that give faulty readings; toothpaste made with a chemical found in antifreeze; and cell-phone batteries that could explode. Online drugstores claiming to operate from Canada but actually based in other countries have peddled "Lipitor" and "Celebrex" pills stored under uncontrolled conditions and containing the wrong active ingredients." More » -
A reader reports that Tmobile customers can access their accounts again over the phone and internet again. Previously, the giant West Coast storm had knocked the system out of commission.
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Complaints
Reader Falls Victim To Spot Delivery Dealership Scam
Andriy writes:
It seems as I'm falling a victim to a Yo-Yo Car Financing | Spot Delivery Scam from a car dealer...
More »I purchased a new Toyota (scion) vehicle at a dealership exactly 2 weeks ago. I drove away. The total price was $20600 - I left a $500 down-payment. 13% APR in my contract. $470 payments for 60 months. Finance manager pressured me into purchasing GAP and extended warranty (around $2100 total) saying that banks would likely grant me a loan if I show them I'm serious about investment. Well, my credit is sub-prime (620 FICO) with few accts that are almost falling off and 2 recent ones for a few hundred bucks. But I still smelled something fishy though...
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Personal Finance
Help for the Retirement-Challenged
There's a huge gap between many Americans' perceptions of what life in retirement will be and the practicalities of what their finances will allow. The former is often a time of limited work, relaxation, and enjoying the twilight years of life while the latter forces decisions about working longer, relying more on relatives, and doing without past pleasures and purchases. This gap exists for good reason — it's expensive to retire in the United States. The amount of savings needed to support today's retiree, who can be expected to live a couple decades or so longer, is mind-blowing and, for many, unattainable.
So what's a retiree to do? It boils down to the old two-choice formula for improving your financial picture, increase income or decrease expenses. More »
- Most Popular Stories Today's most popular headlines are Liveblogging The Media Consolidation Showdown Between The FCC And The House Telecommunications and the Internet Subcommittee (4,416 views today), Someone Should Have Stopped This Mortgage (3,510) and Bush To Announce 5 Year Rate Freeze For Mortgages (2,804). Today's most discussed stories are Bush To Announce 5 Year Rate Freeze For Mortgages (67 comments), What It Feels Like To Buy Pre-Cut Onions (60) and Someone Should Have Stopped This Mortgage (53).
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Puzzles
POLL: Which Is Better, Verizon FiOS Or Comcast?
Sometimes we get questions we just can't answer, and this is one of them. More »







