19
03
2008
Winners & losers when fed cuts rates, social security tipping point & the $8 million nose - Today in Money 3/19
Posted by: in Stocks Money NewsFiled under: Yahoo! (YHOO), Apple Inc (AAPL), Time Warner (TWX), Money and Finance Today, General Mills (GIS), Morgan Stanley (MS), Delta Air Lines (DAL)
In the News:
Winners & Losers After Fed Interest Rate Cut
When the Federal Reserve meets and changes rates, we all have questions: What does it mean to me? Will my mortgage rate go up or down? Is this a good time to refinance? Bankrate is here to help. We’ve looked at five categories — mortgages, home equity loans, auto loans, credit cards and certificates of deposit — to determine if the Fed’s moves made you a winner or a loser.
Social Security’s Tipping Point: 2017
Forget all the talk you’ll hear about how Social Security is okay until 2040 or thereabouts. That is, as we’ll soon see, utter nonsense. The real problem starts only a decade or so from now, when Social Security begins to take in less cash than it spends.
Recession at the Gates
Investors on Wall Street have been worried about a recession for months. Ditto for the folks on Main Street — especially if they’ve been trying to sell a house, or just keep up with the payments. It looks bad. But the Fed is using new weapons that may soften the blow.
Winemaker’s Nose Insured for $8 Million
His schnoz is not to be sniffed at. A Lloyd’s of London syndicate said Tuesday it is insuring the nose of winemaker Ilja Gort for $8 million.
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