Money

Trade winds

Money | CAFTA faces an uphill battle on Capitol Hill despite its benefits to the U.S.
by Timothy Lamer
Posted 6/25/05, 12:00 am

With one vote, members of Congress could help alleviate extreme poverty in Central America, open up export markets for U.S. companies, and perhaps even reduce illegal immigration to the United States.

That would be the likely outcome of passage of the Central American Free Trade Agreement (CAFTA), a trade deal that the Bush administration negotiated with Costa Rica, El Salvador, the Dominican Republic, Guatemala, Honduras, and Nicaragua.

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Too hot to handle?

Money | A slew of recent studies show that the U.S.
by Timothy Lamer
Posted 6/18/05, 12:00 am

What's hotter than summer in the Southwest, more coveted than Red Sox tickets in Boston, and more popular than Bill Gates in Seattle?

The answer is a typical house in each of those markets. A slew of recent studies show that the U.S. housing market is not just hot but on fire. So much so that some experts are calling it a wildfire and warning that people might get burned.

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Debtors' prison

Money | A typical college graduate has accumulated a debt load of $28,953, compared to just $20,402 four years ago
by Timothy Lamer
Posted 6/11/05, 12:00 am

Graduating college seniors traditionally wear black at commencement events, but nowadays they are also up to their necks in a different color: red. Nellie Mae, the federally backed student loan agency, reports that this spring's graduates will face a staggering and growing level of personal debt after they have walked across the podium to receive their degrees.

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