Top World News
| Why carmakers aren't coming back anytime soon | With the home stretch in sight, 2010 is shaping up to be a weaker U.S. auto market than predicted, probably closer to 11.5 million new-vehicle deliveries, rather than the 12 million that automakers and forecasters had figured - and hoped - would be sold. | | What peak oil? Why an oil glut is ahead | In May, less than a month after the blowout of the Deepwater Horizon oil rig in the Gulf of Mexico, a key milestone was achieved with little notice: Total U.S. supplies of petroleum and products refined from it (including the Strategic Petroleum Reserve) surpassed 1.8 billion barrels, reaching the highest level in the last 20 years. Since then the total has continued to edge upward, hitting 1.87 billion barrels in the week ended August 27, according to the Energy Information Administration. | | Oil fears slam one beach, but spare another | It's Florida's reputation that's stained - not its beaches. But some cities along Florida's panhandle are faring better than others. |
|
Business News
| Housing quagmire: Is it time to remove relief? | For the growing number of struggling homeowners in this country, more help is on the way. Additional aid from the federal government will begin making its way to them next month -- one program would help qualified homeowners refinance their mortgages after seeing their property values fall below the amount they owe, and the other includes another round of funding to help the unemployed or underemployed with their payments. | | A reward for responsible homeowners | The government has bailed out Wall Street firms, giant banks, creditors of Fannie Mae and Freddie Mac -- and is trying to bail out people who've defaulted or are about to default on their mortgages. But let's say you're a hardworking family that has done nothing wrong except buy a home when the housing bubble was at its peak a few years ago. Your mortgage is now way underwater, but you're still making payments because you want to stay in your home -- and you're actually honorable. You're paying for everyone else's bailout, but because you have no equity in your house, you can't refinance to take advantage of the ultra-low mortgage rates that Uncle Sam's bailout strategy has produced. To use the technical term, you're being screwed. | | Home prices gain 3.6% in past year | Despite a recent spate of bad news coming out of the housing industry, home prices show signs of stabilizing. | | Tips for getting homeowners insurance | 1. Loyalty is overrated | | America's most overvalued cities | Don't say we didn't warn you. |
|
Add link claim