Giants rule American sports in 2012

NEW YORK (Reuters) - In a country driven by the mantra 'bigger is always better', it was fitting that Giants dominated America's professional championships in 2012.Two of the four major leagues were won by teams with the supersized moniker, with the New York Giants capturing the National Football League's Super Bowl and the San Francisco Giants landing Major League Baseball's World Series.The Los...

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Rate on 30-year fixed mortgage falls to 3.98 pct.

WASHINGTON (AP) — The average rate on the 30-year fixed mortgage hovered above its record low for a fourth straight week. But cheap mortgage rates have done little to boost home sales or refinancing.Freddie Mac says the rate on the 30-year fixed loan fell to 3.98 percent from 4 percent the previous week. Seven weeks ago, it dropped to a record low of 3.94 percent, according to the National Bureau...

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U.S. Housing Market Still On Life Support

With each passing year, the former Oracle of the Fed, Alan Greenspan, is reminded that there really was a housing bubble and lowering interest rates to record lows just matters worse.  Nearly four years after the housing market peak in 2007, record low mortgage rates are no match for falling incomes and 9% unemployment.The Case-Shiller Home Price Index, released on Tuesday, showed that nation...

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U.S. Housing Market Still On Life Support; Prices At 2003 Levels

With each passing year, the former Oracle of the Fed, Alan Greenspan, is reminded that there really was a housing bubble and lowering interest rates to record lows just made matters worse.  Nearly four years after the housing market peak in 2007, record low mortgage rates are no match for falling incomes and 9% unemployment.The Case-Shiller Home Price Index, released on Tuesday, showed that...

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Chile: Couple dies defending home amid protests

SANTIAGO, Chile (AP) — An elderly couple whose family's vast landholdings have long been targeted by Mapuche Indians in southern Chile were killed in an arson attack early Friday while trying to defend their home. The president quickly flew to the scene and announced new security measures, including the application of Chile's tough anti-terrorism law and the creation of a special police anti-terror...

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Venezuela's Chavez fighting severe lung infection

CARACAS, Venezuela (AP) — Venezuelan lawmakers will meet Saturday in a session that could shed light on what steps may be taken if President Hugo Chavez is too sick to be sworn in for a new term next week.Legislators will choose a president, two vice presidents and other leaders of the National Assembly, which is controlled by a pro-Chavez majority. Whoever is elected National Assembly president could...

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Venezuela VP: Chavez can be sworn in by Court

CARACAS, Venezuela (AP) — Venezuelan President Hugo Chavez can take the oath of office for his next term before the Supreme Court at a later date if the ailing leader isn't fit to be sworn in next week, his vice president said.Vice President Nicolas Maduro sent the strongest signal yet that the government may seek to postpone Chavez's inauguration as the 58-year-old president fights a severe respiratory...

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The Challenges of Launching an Encore Career

Many people dream about launching a second career in a field they have always wanted to try. But the transition into an encore career can be a long and costly process.Most people earn a significantly lower amount of money (43 percent) or no money at all (24 percent) during the transition from one job to the next, according to a recent MetLife Foundation and Civic Ventures survey conducted by Penn...

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The Importance of Being Self-Reliant in Retirement

Most baby boomers are at various stages of preparing for retirement, depending on whether they were born at the beginning or end of their generation. The smart ones realize that effective planning starts well before retirement age. Important calculations need to be made to determine what it will take to survive financially throughout the retirement years. Post-work lifestyles and passions also need...

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World's biggest Titanic attraction opens in Belfast

The largest Titanic visitor attraction in the world opened in the ship's Belfast birthplace on Saturday, some 100 years after the doomed liner was built in the same yards.Almost 100,000 tickets for Titanic Belfast, a striking aluminium-clad building which tells the famous ship's story through special effects, interactive screens and a ride, have been sold ahead of the opening.Organisers hope the...

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