MEDIA • Martha Stewart’s arm was lost, but then it was found. [Gawker] • NBC, CBS, and PSB will be moderating the three presidential debates between John McCain and Barack Obama. ABC is conspicuously missing from that list. Did it get the shaft because of the poor reaction to the network’s April debate between Obama and Hillary Clinton? [Mixed Media/Portfolio] • Bob Pittman, who paid $2 million for a controlling stake in Daily Candy back in 2003, just cashed out by selling the e-letter to Comcast for about $125 million. That’s a $123 million return on his investment. [NYT] • Activist investor Carl Icahn hired a Reuters reporter to blog for him. [DealBook/NYT] FINANCE NYP]U.S. Treasury has hired Morgan Stanley for $95,000 to advise them on the futures of Freddie Mac and Fannie Mae. [NYT, DealBook/NYT]DealBook/NYT] … [Read more...] about If Martha Stewart Had Only One Arm, How Would She Garden and Decoupage?
But many people don't have the money on hand to pursue that option. If you can manage to pay a little more each month, you could make a repayment plan with your lender, Evans said. "You'll get back to paying your regular mortgage payment and add on a little bit each month over 12 months to pay the deferred amount." … [Read more...] about Delayed mortgage payments coming due? These are your options
In 1997, economist Roger Ferguson was appointed by President Bill Clinton to be a member of Federal Reserve Board, becoming the group's vice chair in 1999. As the only Federal Reserve governor in Washington DC on 9/11, he directed the US central bank's initial response to the terror attacks. Ferguson huddled with a staff of about 100 to coordinate the Fed's efforts to calm the panicked financial markets. He stepped down in 2006 and is now president and CEO of TIAA, a financial services firm with more than $1 trillion in assets. … [Read more...] about Problem for capitalism: Few Black Americans run regulatory agencies
"The market imbalance is pushing prices close to 11% higher compared to a year ago, an advance which is beginning to erode the benefits of lower mortgage rates," said Ratiu. "For many young, first-time buyers, the shift is reducing affordability, just as they are ready to embrace homeownership." … [Read more...] about Mortgage rates have fallen to a record low — for the 9th time this year