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Congress Debates Mortgage Reforms (AP via Yahoo! Asia News)   Congress is looking at potential reforms to risky home lending practices, but a Tuesday hearing at a House subcommittee suggested many lawmakers are still sorting out the complex workings


Report: Goldman selling part of options-trading business  Sorting... Please wait. Options Goldman Sachs Group Inc. plans to sell part of its options-trading business at the Chicago Board Options Exchange, Dow Jones Newswires reported Aug.read more...


To Their Health: A Weekend Home on the Bay    Just added to the luxe listings this week: a slice of Italy on the Chesapeake, for slightly less than $7.8 million. read more...


Commissioners OK 3 Developments  read more...


Lead in old paint - leaflet explains how to minimise risk to children when...  When re-decorating older homes , householders should be aware that any remaining old paint could contain lead and should therefore be treated with care.read more...


Mortgage demand drops to four-month low (USA Today)  Mortgage applications fell for a second straight week as interest rates remained near recent highs, an industry group said Wednesday.read more...

October 19th, 2007

Living Paycheck to Paycheck Gets Harder

“The reality of hunger is right here”

The calculus of living paycheck to paycheck in America is getting harder. What used to last four days might last half that long now. Pay the gas bill, but skip breakfast. Eat less for lunch so the kids can have a healthy dinner.

Across the nation, Americans are increasingly unable to stretch their dollars to the next payday as they juggle higher rent, food and energy bills. It’s starting to affect middle-income working families as well as the poor, and has reached the point of affecting day-to-day calculations of merchants like Wal-Mart Stores Inc., 7-Eleven Inc. and Family Dollar Stores Inc. Read more



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