Feature Articles, Opinion Columns, and Information Links about Money Matters.
A featured photo of people, animals, places, or events around the state of Arizona:
Boaters on a busy summer day at Woods Canyon Lake on the Mogollon Rim northeast of Payson, Arizona. Photo by Tyger Gilbert
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Money Matters
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Salinas Living Strategic Defaults: Morality vs. Reality
New American
Nearly 3 million foreclosures were filed in 2009, and almost 10 percent of all mortgages are now delinquent nationally. Homeowners are faced with a painful decision: Continue to make payments even if they are underwater, or do a “strategic default.” In 2006, a young professional couple bought a three-bedroom home in Salinas, California, for $585,000. With excellent credit, they signed a no-money-down, 30-year, fixed-rate mortgage, with payments of $4,300 a month. Today, the balance they owe is
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California Life Weighed down by recession woes, jurors are becoming disgruntled
Los Angeles Times
As more people seek dismissal for financial hardship, their claims face much tighter scrutiny. In one case the jury pool was so rebellious and 'scary' that both sides agreed to let the judge decide.
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Colorado Life Break Up With Your Abusive Big Bank -- Move Your Money
Huffington Post
Colorado customers of the "Too Big To Fail" banks are sending a clear message that they've had enough of Wall Street excess, and they're hitting them where it hurts the most--right in their deep pockets. A "Move Your Money" campaign is urging Coloradans to move their money out of Wall Street banks and into community banks and credit unions, which are typically more closely connected to the people and businesses who live near them.
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