The people affected by Hurricane Katrina will see first hand the downside of taking equity out of their homes in the coming year. Where many might have been able to break even had they left their equity alone, a good number will now be facing foreclosure at the very least and possibly bankruptcy. While mortgage [...]
With gas prices hovering around $3 a gallon and expected to go higher in at least the short term, everyone has someone to blame (isn’t that the American way?) Fortune.com has a decent article putting some perspective into some of the myths people have about the high gas prices. These include the common belief that [...]
With Hurricane Rita bearing down on the gulf coast, money.com is reporting that gas prices may spike to $5 a gallon. The near-term problem isn’t that there is a lack of oil being produced, but a lack of oil refining capability. Hurricane Katrina damaged this capability in Louisiana and Mississippi and Hurricane Rita looks like [...]
