Feb 15

Google just cant seem to catch a break these days. With the less than ideal feedback on its new Facebook rival, Google Plus, along with several other unveilings over the past couple of years, it seems as though the search engine giant is good at, well, being a search engine giant. Now, Google Wallet is taking an embarrassing hit and announced it was suspending all of its prepaid debit and credit card capabilities. This is all due to what its calling a security flaw. Heres how it went down.

On Saturday, Google to the web and announced there was a flaw in Google Wallet.

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Tags: Google, Google Wallet

Feb 09

Expect a recovery in the housing market in 2012 but not a quick and/or significant turnaround, Freddie Mac said in a recent report.

According to the report, the U.S. should see economic growth of about 2.1 percent in the first quarter (Q1) of 2012. In addition, home sales for the entire year of 2012 should grow between 2 and 5 percent on a yearly basis. Freddie Mac vice president and chief economist Frank Nothaft said that low mortgage rates could help in the area of home sales.

“It will help that mortgage rates are likely to stay at historical lows, especially the early part of 2012,” Nothaft said in a statement.

But there is currently a historically large gap between sentiments of buyers and sellers out there in the real estate marketplace, Freddie Mac said. Alm

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Tags: 2012

Jan 21

Between a tight economy and the demands placed on the sandwich generation (that group who finds themselves both helping to take care of their aging parents while continuing to raise their own children to adulthood), more and more families find themselves living in multi-generational households.  According to Money Magazine, “Roughly 16% of the population is living in a house with at least two adult generations.”  This is the “highest level in 50 years.”

While Americans don’t typically embrace this living arrangement, it is common for many Asian and Hispanic families.  My husband is from Japan, and his paternal grandparents lived with his family until they died.  My husband’s sister has a home right next door to their parents that his parents built so she could care for them in their old age.

My own family had a modified multi-generational arrangement.  My grandparents lived in a 5th wheel trailer parked right next to our house from May until October, after which time they lived in Florida for the winter.  While I still think fondly on the time I got to spend with my grandparents and the benefits of having them right next door, multi-generational living must be considered carefully.  While it offers plenty of benefits, there are real downsides that might make the arrangement uncomfortable and inconvenient for others.

Before agreeing to a multi-generational living arrangement, consider the following:

Do you and your parents get along?  This seems obvious, but many people enter this arrangement falsely thinking they will be able to smooth over any difficulties.   Living with your parents again can bring up some issues you and your parents had when you were younger.   Sharing a space will take some getting used to and can naturally cause tensions until everyone gets used to the arrangement.  Once you make this type of arrangement it tends to be permanent, so make sure you can live with your parents and their idiosyncrasies and they, yours.

Are both you and your partner agreeable to this?  Even if you get along with your parents and can comfortably live with them, can your spouse?  You and your spouse must be in complete agreement about this living arrangement to make it work.  Unfortunately, having parents move in has caused tension in more than one marriage.

How much space do you need?  Some people have no problem sharing living space with their parents.  The parents simply take over a bedroom and share all other areas of the house.  For many, though, this arrangement is too cozy.  If you and your parents each need your space, consider living in a house with an in-law suite so your parents have their own place to retreat.  Some make it work by building an entire small apartment for their parents above the garage, for instance.  Just keep in mind that as your parents age they may be less likely to be able to navigate steps.

While there can be significant drawbacks to multi-generational living, there are also numerous benefits to multi-generational living.

  • Your kids have immediate access to their grandparents as they do to your children.  Grandma and Grandpa may be agreeable to a night of babysitting so you and your spouse can have a night out.  In addition, living in such close

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Jan 13

DEAR READER

 

JANUARY 2012 | VOL. 26 NO. 1

 

Europe may be the center of attention at the start of the new year, but it is certainly not the only area of the world that worries economists and policymakers. The annual year-end roundup of economic forecasts shows a nearly unanimous expectation that Europe will be in recession as the year begins, while in the US growth will be restrained, but sufficient to avoid a double dip. At the same time, the consensus is for tighter fiscal policies in Europe and the US, and monetary policy on hold or easing further on a global basis.

 

The emerging markets, although still growing briskly, are clearly negatively affected by the Western slowdown, but no doubt will continue to outpace the rest of the world in 2012.

 

Uncertainty is the prevailing sentiment in the financial markets, and most risks are considered to be on the downside. In

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Dec 17

MasterCard and Bloomberg issued a report in recent days that the demand in the United States for gasoline fell by 3.4%. This is the biggest drop in more than three months. The average pump price fell to $3.29 per gallon, which is down one penny and also is indicative of the lowest level since Feb. 25. Prices were 11 percent higher than a year earlier. This information is founded on credit-card swipes and cash and check payments at about 140,000 U.S. gasoline stations.

With this news, we thought wed take a look at some of the better fuel credit card offers available today.

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Tags: Card, Card Offers

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