Archive for March, 2008

Understand the Credit Crisis

How is it that a mess concentrated in one part of the mortgage business — subprime loans — has frozen the credit markets, sent stock markets gyrating, caused the collapse of Bear Stearns, left the economy on the brink of the worst recession in a generation and forced the Federal Reserve to take its boldest action since the Depression?

How to limit your chance of being audited by the IRS

Tax experts recommend you avoid these common mistakes when filing your return. Also: What is an audit? Plus: What are my chances of getting through an audit without owing additional taxes?

Vacationing abroad? Dollar crisis has preceeded you

Experts say the bleak U.S. economic forecast means it will take years for the dollar to recover its value and prestige.

Renters can build credit through new method

Renting instead of owning your home might seem like flushing money down the drain, but paying that expense and other bills on time can help you build credit if your current score doesn’t qualify you for a mortgage.

U.S. economy lost 63,000 jobs in February

The economy shed 63,000 jobs in February, the government said Friday, the fastest falloff in five years and the strongest evidence yet that the nation is headed toward — or may already be in — a recession. [video]