Archive by category Money

Brexit will keep U.S. mortgage rates in the basement

Brexit will keep U.S. mortgage rates in the basement

At first glance, the decision by U.K. voters to leave the European Union would appear to have little to do with U.S. mortgage rates. Economists, however, are pointing to a powerful though indirect correlation between these seemingly disparate events. As Bankrate.com Chief Financial Analyst Greg McBride noted, mortgage rates and other types of debt are […]

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Donald Trump’s college plan needs to go back to school

Donald Trump’s college plan needs to go back to school

Among other things, GOP presidential nominee Donald J. Trump is unlikely to deserve the moniker “The Education President.” I searched for his position on college education on the Trump presidential website but couldn’t find one. Instead, I found terse statements on his well-known talking points on immigration, dumping Obamacare and building a wall on the […]

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Another air bag problem prompts big Toyota recall

Another air bag problem prompts big Toyota recall

TOKYO – Toyota announced Wednesday it is recalling 1.43 million vehicles for defective air bags and another 2.87 million vehicles for faulty fuel emissions controls. Toyota Motor Corp. said it has not received any reports of injuries or fatalities related to either recall. Some 932,000 vehicles are involved in both recalls, so the total number […]

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Standstill on nation’s levees threatens lives, property

Standstill on nation’s levees threatens lives, property

Almost half of Americans live within range of a levee, one of those 100,000 miles of earthen, sand and gravel walls that supposedly protect you from raging floodwaters. Many probably wish they didn’t. A July report by the U.S. Government Accountability Office (GAO), the investigative arm of Congress, blamed the U.S. Army Corps of Engineers […]

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NYC market lands new discount airline option

NYC market lands new discount airline option

NEWARK, N.J. – Allegiant Air (ALGT) has been given final approval to begin offering service at Newark Liberty International Airport, making it the first discount carrier to operate there since a federal lawsuit charged United, Newark’s dominant airline, with monopolizing takeoff and landing slots and keeping competitors out. Allegiant will begin offering flights in November […]

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Closing the inequality gap in college savings

Closing the inequality gap in college savings

When Bernie Sanders recently agreed to endorse Hillary Clinton for president, a question popped into my mind: Would Clinton be directly linking college debt to income inequality? She has embraced a Sanders-inspired plan to cover the cost of college tuition at four-year state schools for families making under $125,000 a year. Although the plan won’t […]

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Is the economy shortening Americans’ lives?

Is the economy shortening Americans’ lives?

It has long been known that high-income people in the U.S. tend to live longer than those lower down the income ladder. But a growing body of research shows that millions of Americans are, for the first time in more than a century, seeing their life expectancy slip. And, while the reasons for that decline […]

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How you can avoid college debt: a basic guide

How you can avoid college debt: a basic guide

I’ve always seen college debt as an albatross — a heavy, expired bird that becomes a financial burden over time. That’s why I’m writing this new column for CBS MoneyWatch: I want to share with you what I’ve learned not only in my own journey, but in helping others find a debt-free degree. I talk […]

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