Financial News Headlines

Gold Plummets, Investors Scramble for Cash

November 24th, 2011

The price of gold sank $50.60 per ounce to $1,678.60 for December delivery on news of the Congressional super committee’s failure to agree on how to balance the U.S. budget. Spain’s borrowing costs jumped 6.5%, putting more pressure on gold as the euro slipped against the dollar. Silver is also down on the news of U.S. and Eurozone financial woes as investors trade gold for cash in an increasingly volatile market. Some are even speculating that ratings agencies may yet again downgrade the U.S. credit rating due to policy failures, and while the first downgrade saw gold jump the news may not be so good the second time around. For more on this continue reading the following article from TheStreet.

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Tags: Gold, Gold Plummets

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What Would You Do In This Situation?

November 19th, 2011

Philip Turner calls it the dearest bottle of milk and chocolate bar he’s ever bought Last week Mr. Turner went to a nearby fuel station in his town with a $50 bill to buy some necessities of life and as part of his change was given a $20 note defaced on both sides. On one side it says: ‘Suck it. Now you can’t buy anything.’ On the other it says: ‘Happy birthday.’   No takers No business will accept it and the bank won’t change it. “I bought two liters of milk and a bar of chocolate. I handed over a $50 note and got two twenties back and some loose change,” Turner said. “The next morning I went to spend it in town and was told: ‘We can’t accept that. It is all written Read more…

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IRS Back Tax and the Innocuous Estimated Tax Payments

November 12th, 2011

As we have been mentioning you have three alternatives to negotiate your back taxes. You can do a straight installment agreement which usually means that you pay all your tax debt to the IRS. 

Your tax resolution can be an offer in compromise which basically means paying not all the taxes that you owe the IRS but some of it. Finally, you have the currently not collectible option which is one of the ways to negotiate an IRS tax relief. 

The mechanics of doing this can be tricky. You have to use what is called expense standards. They IRS has national standards for certain expenses that you must not exceed such as food. They also have local standards such as housing which correctly differ for  one place to another. So

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Tags: Back Tax, Tax

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Chicago-Area 2Q Home Prices Fall 16.6%

November 3rd, 2011

Sales of second-quarter existing homes in the Chicago area fell 16.6 percent from the same period last year, to 19,799 homes sold, the Illinois Association of Realtors said Wednesday.

The median price of all single-family homes and condominiums sold in the nine-county region also recorded a double-digit fall, dropping 13.3 percent to $170,000.

Within the city of Chicago, home sales dropped 23.7 percent, to 5,010 sales and the median price of $190,000 was a 17.4 percent drop from the $230,000 recorded in the comparable 2010 period.

Tags: Chicagoarea 2q, Home

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Home Mortgage Loan Lead

October 29th, 2011

Professional lenders and brokers are now providing home mortgage loan leads in order to extend their business by getting more and more clients. Companies that are providing Home mortgage loans usually choose the option of endogenous kind of research, as they feels comfortable in finding one home mortgage loan lead to work with at a time, saving a lot of money, time and effort just by trustworthy source of supply and numerous original and qualified prospects.

Benefits Of Mortgage loan leads:

Many companies are now fully convienced that company’s sales efforts can yield a very good result, one can see a remarkable difference in sales rate on prospect list provided to them. H

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Tags: Lead, Loan Lead, Mortgage Loan, Mortgage Loan Lead

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Weak Euro Hurts Gold

October 16th, 2011

Persistent trouble in the Eurozone is weakening the euro and boosting the value of the dollar, a situation that gold investors are viewing as a sign it’s time to get out of the precious metal. Gold stumbled $38.70 to $1,637.90 for December delivery on rumors that Germany has little faith in the current plan to fix the European Union and pull Greece out of default. Experts say the plan will need a large cash injection from the European Central Bank, and it has not agreed to commit. Gold is fast losing its reputation as a safe haven hedge, particularly after its September waffling, and large buyers are showing hesitation in big gold commitments. For more on this continue reading the following article from TheStreet. < Read more…

Tags: Gold

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