January, 2010

Making The Move To Community Banks

Fed up with your "too-big-to-fail" bank? Well, you can always downsize. That's the message of the "Move Your Money" campaign, which urges big-bank customers to switch to community banks. But what's it like to actually make the switch, and could this movement ever register as more than a blip on a big bank's radar? ...

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The Service Sector Slightly Grows Though Jobs Remain Scarce

More of the same Small positive signs of a slow recovery continued last quarter as the service sector of the economy grew slightly, primarily due to holiday sales. The climb was almost negligible, so few jobs were created. Most of the growth involved calling laid-off employees back to work or replacing positions that had been cut. ...

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Buying a Second Car

If my husband had a car to drive to work and had taken my son to school, I would have saved three hours of my day. Yes, three hours.We are a family of six with one car. This is the result of a decision we made a few months ago when our second car needed ...

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Love and Money: Do Savers Seek Spenders?

This post is from GRS staff writer April Dykman. Social psychologists have found that people tend to choose their significant other based on similarities—similar attitudes, values, and even similar names. Those findings would seem to suggest that people with similar spending habits would be attracted to each other, too. But a working paper published last year found ...

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IRS Will Force Businesses to Disclose Borderline Tax Shelters

Starting in 2011 or later, the IRS will be requiring businesses to volunteer more information about their tax avoidance practices and transactions. I use the word “volunteer” loosely. Currently, businesses and even savvy individual taxpayers do all that is possible to reduce the amount of tax owed to the government, even to the point at ...

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