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ABC News: Money Web Feed

ABC News: Money Feed
Fri Jul 8 23:45:18 EDT 2011
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Miserable: Unemployment Rate Up to 9.2% - The Labor Department's employment report, released this morning, showed the unemployment rate increased to 9.2 percent, with employers adding 18,000 jobs in June.

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Deals: Best Buys in July - A list of items to buy July in July at a steep discount. A smart way for shoppers to save money.

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Hard Times: Family of 8 Lives in Self-Storage - The northeast Houston storage unit that the Leonards call home has 10,000 square feet—plenty of room for the parents and their six kids to roam around. It has air conditioning, beds, a bath tub, a microwave oven and two computers--among other amenities. But it lacks running water. And partly on that basis, CPS has taken custody of the couple's offspring.

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Target, Rite Aid Clamp Down on Extreme Couponers - Retailers around the country are pushing back against extreme couponers, who empty out store aisles by piling up on cheap deals. Rite Aid, Target and Publix have modified their coupon policies, restricting the number of store and manufacturers' coupons that shoppers can use per purchase.

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Photos: Best And Worst States for Retirees - Kiplinger looks at the best and worst places for retirees

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What the Debit Card Interchange Rules Mean For Consumers - Debit Card Interchange Rules

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Show Me the Money: Find Your Unclaimed Cash - There are $16 billion worth of U.S. savings bonds that have already reached their maximum value but haven't been claimed. You may wonder how somebody could lose track of an investment like this. The thing is, savings bonds take 20 to 40 years to mature, so people sometimes just forget about them. But it's worth checking, because the average successful search turns up bonds worth about $1,000.

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Do You Have a Pension You Don't Know About? - Regional organizations help hard working Americans find pension benefits.

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Study: Residents Moving Out of 'Nanny States' - Professors at George Mason University's Mercatus Center ranked New York as the "least free state in the Union" in an index measuring government regulation in the 50 states released this week. New Hampshire and South Dakota were in a virtual tie for most "free" state.

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Debt Crisis: ABC News' Exclusive Look Inside the Auction Room - As Vice President Joe Biden and the bi-partisan committee working to deal with deficit-reduction gets to work on three days of meetings, ABC News' Jon Karl is getting an exclusive insider look at ground zero for the national debt. He'll spend the morning in the place that enables the U.S. government to borrow trillions of dollars every year.

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10 Industries on the Verge of Extinction - President Obama will visit North Carolina today, meeting with his Jobs and Competitiveness Council to discuss ways to promote U.S. job growth, bolster America's global competitiveness and strengthen the economy.

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Bill Would Stem Rise of 401(k) 'Piggy Bank' Raids - Americans in record numbers are raiding their 401(k)s, depleting their retirement savings to compensate for paychecks and mortgage equity lost to the recession.

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PTA Moms Accused of Running Ponzi Scheme - Three former PTA moms have been accused of running an alleged Ponzi scheme on more than 30 people, many of whom they met at school functions, in the span of two years.

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Is Texas Gov. Rick Perry a Jobs Wizard? - While the Labor Department's monthly jobs report on Friday is expected to show only slight improvement in jobs added, Gov. Rick Perry of Texas may still have fodder to say his state is a "winner" in the shifting economy. But the factors contributing to the Lone Star State's job creation may have little to do with Perry and its downsides may not be fully realized.

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Online Product Safety Database at Risk - With lawmakers still debating about the deficit and raising the nation's debt ceiling past $14.29 trillion, they are closer to eliminating funding for the only government sponsored online product safety database.

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Horrible Bosses: Workers Share Horror Stories and Get Even - Horrible bosses take note: Those you abuse can -- and likely will -- retaliate against you.

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Verizon Capping Data Plans This Week? - Provider will drop "All-You-Can-Eat" pricing.

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Burger King, Starbucks, Sonic Selling Booze - Fast food restaurants starting to sell booze to compete with restaurants

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Morgan Stanley Data Breach Hits Investors - Personal information belonging to 34,000 investment clients of Morgan Stanley Smith Barney has been lost, and possibly stolen, in a data breach.

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Couponer Temporarily Banned From Walmart - Extreme couponer, April Cuevas, says an altercation with Wal-Mart employees regarding the company's coupon policies led to her temporary banishment from every Walmart store in the nation.

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Calif. Slashes Services: Where's the Fury? - Within hours of one another this week, legislators in Greece and California both announced plans for fiscal austerity. In Greece, violent rioting followed immediately. Public reaction in California remains to be heard, but experts on American politics and society say that though protest is certain, Americans' reaction to austerity measures are usually found at the ballot box, not on the streets.

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Buy American Act Lands Home Depot in Lawsuit - Home Depot is the target of a lawsuit for allegedly selling goods manufactured in China and other prohibited countries to U.S. government agencies in violation of the Buy American Act, according to court documents.

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Fourth of July Victory: Vet Can Fly Flag - An embattled U.S. Army vet in Macedonia, Ohio, has won the right to fly Old Glory from his home's flagpole.

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Clinton's Job Creation Claims 'Preposterous'? - Former President Bill Clinton is hosting a conference in Chicago this week and laid out a blueprint to boost jobs, with assertions one economist has called "overstated" and "preposterous."

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What Happens If the U.S. Defaults on Its Debt? - While many economists say a genuine default is unlikely because politicians in Washington will ultimately agree on a way to raise the debt ceiling, naysayers in Washington have downplayed the potential consequences such as higher interest rates and inflation.

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Expelling Public Pension Myths - Politicians, pundits and an array of think tanks have put forth some frightening predictions about public employee pension plans. A misguided belief that pensions, particularly defined benefit plans, are causing the fiscal stress of many states is false. The widely held notion that 401(k) plans can provide adequate retirement benefits is, similiarly, a myth.

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No Need to Fear Reverse Mortgage Exits - Wells Fargo has reversed itself on reverse mortgages. The bank, one of two biggest providers of such loans (along with Bank of America), said last week it would be exiting the business, although customers apparently have little to fear.

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5 Potentially Explosive Products - This is a list of 5 products that could blow up but shouldn't.

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Photos: Famous MJ 'Thriller' Jacket Sold for $1.8 Million - Michael Jackson Thriller Jacket Auction

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Didn't Get The Job? Maybe It's Your Tweets - Surviving a background check just got tougher. And it's soon going to get harder still, as Internet search technology grows more sophisticated: Employers have started scouring the web—social networking sites in particular—to check up on potential hires.

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Postal Workers Alarmed Over Retirement Cuts - The U.S. Postal Service will suspend its employer's contributions to the defined benefits of the Federal Employees Retirement System (FERS) for its workers, causing concern for postal worker Clarice Torrence and other workers around the country.

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Brides Tighten Garters: Wedding Costs Drop - Wedding spending in 2011 has dipped so far, with couples trying to do more with less.

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Millions Charged for Unauthorized Phone Fees - You could be paying unauthorized fees on your telephone bill - sometimes for months or years - and not even aware of it. About 15 to 20 million households are overcharged for their telephone landlines and only 5 percent realize they are victims, according to the Federal Communications Commission.

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Watch: Home Appliances: Repair or Replace? - Becky Worley explains when it is smart to scrap the appliance for something new.

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Watch: Important Documents: What to Keep, What to Toss - Susan Solovic gives reasons why it is important to file away certain documents.

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Watch: Broad Selloff in Europe Leaves U.S. Stocks Flat - Ellen Braitman discusses ongoing debt crises in Europe and the United States.

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Watch: The Best Budget for Your Lifestyle - DailyWorth.com on finding a budget that works for you.

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Watch: Bad Bosses Beware - How to turn your bad boss good.

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Watch: Summer Jobs for Adults - Finding seasonal work online.

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Watch: Cracking Down on Pub Quiz Cheaters - Quiz makers take steps to ensure competition is on the up and up.

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Watch: Wall Street Hopes to Rebound - Ellen Braitman looks ahead after seven down weeks on the market.

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Watch: Summer Supermarket Savings - The supermarket guru Phil Lempert on how to save on groceries this summer.

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Watch: Are Your Finances In Shape for Summer Fun? - Kimberly Palmer tells how to give your family's budget a mid-year tune-up.

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Watch: Top Tips for Marriage Finances - Scott and Bethany Palmer share important tips for spouses combining incomes.

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Watch: Housing Market Gets Moral Boost - New numbers show home prices rising for the first time in eight months.

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Watch: Talking Finances With Your Significant Other - Ramit Sethi gives couples advice about discussing money with one another.

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Watch: Top 5 Legal Documents for Emergency Situations - Susan Solovic on why it's important not to procrastinate on key documents.

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Watch: Man Loses Job Over Wife's Cancer - Carl Sorabella was fired after asking his boss for a new schedule to help wife.

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Watch: Trade in Gun, Get Free Gas - More than 100 people show up at 'gas for guns' event in Iowa.

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Watch: Texas Man Wins Vulgar Voicemail Lawsuit - Allen Jones receives profanity-laced collection agency calls.

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