The Internet is a great source of information on personal finance, but often this information lacks the personal touch. The new website MyMoneyCircles.com aims to provide that personalized element by taking an interactive, social media-style approach.Though it focuses on the human element, MyMoneyCircles is anything but soft and fuzzy. The website refers to its approach as a "boot camp" for personal...
Fixed mortgage rates rise above record lows
Labels: Business Fixed mortgage rates rose slightly this week off their record lows. The year ends much like it began, with few people able to take advantage of the best rates in history.Freddie Mac says the average on the 30-year home loan increased to 3.95 percent from 3.91 percent. Last week's rate was the lowest average on records dating to the 1950s.The average on the 15-year fixed mortgage rose to 3.24...
Fixed mortgage rates end year above record lows
Labels: Business Fixed mortgage rates rose slightly this week off their record lows. The year ends much like it began, with few people able to take advantage of the best rates in history.Freddie Mac said Thursday that the average on the 30-year home loan increased to 3.95 percent from 3.91 percent. Last week's rate was the lowest average on records dating to the 1950s.The average on the 15-year fixed mortgage...
Credit score focus of new celeb-backed debit card
Labels: BusinessPersonal finance media personality Suze Orman is thinking big. She's the first out of the gate in the fast-growing prepaid debit card market with a card that aims to help its users build a credit score. It's a gamble that could pay off, if it can help create a way measure the creditworthiness of millions who function outside the traditional financial system.The latest in a string of celebrities...
Rate on 30-year mortgage drops to record 3.89 pct.
Labels: BusinessFixed mortgage rates fell once again to a record low, offering a great opportunity for those who can afford to buy or refinance homes. But few are able to take advantage of the historic rates.Freddie Mac said Thursday the average rate on the 30-year fixed mortgage fell to 3.89 percent. That's below the previous record of 3.91 percent reached three weeks ago.Records for mortgage rates date back to...
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Pope pardons Vatican butler
Labels: WorldPope Benedict XVI granted his former butler a Christmas pardon Saturday, forgiving him in person during a jailhouse meeting for stealing and leaking his private papers in one of the gravest Vatican security breaches in recent times.After the 15-minute meeting, Paolo Gabriele was freed and returned to his Vatican City apartment where he lives with his wife and three children. The Vatican said he couldn't...
Aleppo's fledgling government reflects a society shaped by war
Labels: WorldMembers of the Syrian opposition in Aleppo are preparing to unveil what will be the most ambitious transitional government effort to come from inside Syria since the revolution began 21 months ago.Aleppo’s Transitional Revolutionary Council, a civilian effort to provide government services in areas of northern Syria under opposition control, has created a 224-person Grand Assembly with representatives...
Uruguay postpones vote on 'state as dealer' approach to drug regulation - but not for long?
Labels: WorldUruguay has been on the vanguard of drug policy reform in the Americas, proposing a state regulatory market for the cultivation and consumption of marijuana. (See our cover on “Latin America reinventing the War on Drugs” here).But last week the project’s No. 1 proponent – and perhaps the globe’s most trailblazing reformer – Uruguayan President Jose Mujica, told Parliament to postpone the vote.President...
South Korea charges North building missile that could reach US
Labels: WorldSouth Korean defense officials say they have evidence showing a recent North Korean missile launch was to test an intercontinental ballistic missile (ICBM).South Korean navy divers have recovered more than three tons of debris from the first stage of a missile Korean analysts say was fueled by a type of nitric acid developed in the former Soviet Union over 40 years ago for firing missiles with warheads...
Muslim scholars and clerics: suicide bombings are un-Islamic.
Labels: WorldSuicide bombers in Afghanistan have shown little restraint: Wedding parties and even mosques and children have witnessed gruesome targeting by the Taliban against civilians.But as attacks soared in the summer and fall, killing scores of civilians every week – including at least 40 Muslim devotees at a mosque in late October –public revulsion has turned into unprecedented condemnation.For the first...
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