Feb 17
Shopping for a new homeowner’s insurance policy can be rather stressful and confusing, but taking time to educate yourself about coverage options and to understand your own needs is a first step towards ensuring you get the right policy for your home.
How Much Coverage Do You Need?
If you have a mortgage on your home, your lender will have some minimum coverage requirements in place that you need to meet. However, you may be wondering if those requirements fully satisfy your needs. Your coverage should be sufficient to replace your home in the event it was completely destroyed. However, this does not necessarily equal the sales price or appraised value of your home. Those figures include the value of your home plus the land it sits on. The land will not be destroyed, and so you simply want to determine what the replacement cost of the structure is. You can get a fair idea about this by reviewing your property tax record or a recent appraisal on your home. Read more…
Tags: Insuring Your Home
Feb 10
The Bank of England believes inflation will slow to its 2% target by the end of this year and drop to 1.8% by 2014.
According to its latest quarterly inflation report, the Bank thinks inflation is likely to fall sharply in the near term, as the impact of the increases in VAT and petrol prices drop out of the twelve-month comparison.
Further falls are then anticipated as wages and prices seem unlikely to grow significantly, although the Bank admits the extent to which inflation will decline and the likely pace of that moderation remain uncertain.
Although the prediction for two years’ time of 1.8% is higher than the Bank’s previous estimate of 1.3%, it added that inflation is ‘somewhat more likely to be below the target than above it’ for the forecast period.
The Office for National Statistics confirmed on Tuesday that consumer prices index inflation dropped to 3.6% in January, down from 4.2% in December
The fall provided some much needed respite to savers who have seen the purchasing power of their money diminish as inflation has soared.
Read more…
Tags: Target, Target Yearend
Feb 10
FIGURES on employment tend to encourage a black-or-white view of an economy. Either conditions are worsening and firms are shedding workers, as they did by the hundreds of thousands in 2008 and 2009, or times are improving and businesses are creating new jobs. Spirits leapt on February 3rd on news that America’s private businesses boosted their payrolls by 257,000 jobs in January, capping the country’s best 12-month employment performance in the private sector for over five years. But the headline figures represent just the tip of a large labour-market iceberg. Data provided by the relatively new Jobs Openings and Labour Turnover Survey (JOLTS) illuminate these depths.
Even in the darkest of days, labour markets remain busy. Growing firms hire to expand and even shrinking businesses seek out workers to fill important vacant positions. In December 2008, for instance, overall American employment dropped by nearly 700,000 jobs.
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Feb 09
Long before Survivor’s Richard Hatch, those who become accidental millionaires run the risk of ending up in jail. Not so for Parijat Saha who didn’t fall prey to the temptation to spend the $9.8 billion that suddenly appeared in his bank account. He simply notified the bank that made sure the funds would not be subject to withdrawal until they fixed the error. That may be the last time the $700/month teacher will ever see that amount of money come his way, but at the very least he didn’t end up taking the money and running with it like others before him. It brings up the point: What is the standard procedure after discovering a huge bank favor in your error? If you try to return the money and the bank doesn’t act quickly, you can easily fall victim to your own greed. That’s what happened to Herbert Starbird.
Honesty Can Still Pay
Once the money is available in your account, you do have the ability to remove it, whether the bank recognizes it is not yours or not at that moment.
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