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Friday, December 28, 2012

Reuters Money: Top 2013 predictions for savers, spenders and taxpayers

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12/28/2012
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Top 2013 predictions for savers, spenders and taxpayers
NEW YORK (Reuters) - New Year's Eve bells will ring in more than confetti showers and new diets. For consumers, January 1 will usher in fresh laws, regulations and trends that will immediately affect their spending and saving power, regardless of "fiscal cliff" decisions.
Consumer confidence hits four-month low in December
NEW YORK (Reuters) - Consumer confidence fell to a four-month low in December as a looming budget crisis sapped what had been a growing sense of optimism about the economy, a private sector report released on Thursday showed.
Consumer sentiment weakens as fiscal crisis looms
WASHINGTON (Reuters) - U.S. consumer confidence fell more than expected in December, hitting a four-month low as a looming fiscal crisis sapped what had been a growing sense of optimism about the economy.
Your one-week year-end "fiscal cliff" money plan
WASHINGTON (Reuters) - By now, we thought the path forward would be clear and the usual six-day flurry of tax-focused check writing and income-shifting could commence.
U.S. retailers scramble after lackluster holiday sales
(Reuters) - The 2012 holiday season may have been the worst for retailers since the 2008 financial crisis, with sales growth far below expectations, forcing many to offer massive post-Christmas discounts in hopes of shedding excess inventory.
UBS and too-big-to-punish: James Saft
(Reuters) - As well as too-big-to-fail it looks as if we must think of our largest banks as too-big-to-punish as well.
Home prices rose for ninth straight month: S&P
NEW YORK (Reuters) - U.S. single-family home prices rose in October for nine months in a row, reinforcing the view the domestic real estate market is improving and should bolster the economy in 2013, a closely watched survey showed on Wednesday.
Why you need to gauge your human capital
CHICAGO (Reuters) - The end of the year is a good time to illuminate your personal financial situation in a different way. Instead of focusing exclusively on financial capital - how much money you have accumulated - look at your human capital.
The sinking of "Plan B"; the U.S. "fiscal cliff" disaster of John Boehner
WASHINGTON (Reuters) - Had there been a vote on Republican House Speaker John Boehner's "Plan B" to avert the so-called U.S. fiscal cliff on Thursday night, it would not have been close. He was probably 40 to 50 votes short of the number he needed to avoid a humiliating defeat at the hands of his own party, according to rough estimates from Republican members of Congress and staff members.
Considering divorce? Good reasons to wait for January
(Reuters) - Going through a divorce during the holidays can be emotionally wrenching, which is why many people don't do it - they put it off until January.
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