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Cuba’s Continuing Progress

29. January 2010

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Cuba, a small city just southwest of St. Louis, caught our attention several months ago as a community that has weathered the recession exceptionally well.  We had the opportunity to visit the town and discuss Cuba’s success with local leaders.  Among the most important factors we observed were Cuba’s strong economic leadership and extensive planning.  [...]

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Reverse Mortgage Misconceptions

28. January 2010

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The explosive popularity of reverse mortgages and the flood of advertisements that followed have spread a number of misconceptions about reverse mortgages. Buz addresses a number of them in this video, explaining what reverse mortgages are and aren’t. He also talks about popular scams and how to avoid them. Look for the final video of [...]

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All About Reverse Mortgages

26. January 2010

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Several weeks ago, Lauren had a conversation with Buz Zeman of Housing Options Provided for the Elderly (HOPE), an organization that counsels seniors on mortgages and other housing issues. Buz said that he has had to devote much of his time lately to explaining reverse mortgages. Though this sort of loan is not new, it’s [...]

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Get Help from Trusted Resources

25. January 2010

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In this video, St. Louis Mayor Francis Slay suggests that anyone facing foreclosure or in trouble with their mortgage seek assistance and determine if they are eligible for the Refinance and Loan Modification program. More information can be found at www.makinghomeaffordable.gov.

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Federal Reserve Bank: “Financial Education in the Workplace” Videoconference

7. January 2010

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Check out this opportunity, presented by the Federal Reserve Banks of St. Louis and Kansas City: Join us for the Financial Education in the Workplace videoconference! 11:15 a.m. – 1:30 p.m. | Friday, Jan. 22, 2010 The Federal Reserve banks of St. Louis and Kansas City are hosting a videoconference to highlight a multi-year research project [...]

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Unemployment in St. Louis

6. January 2010

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Yesterday the St. Louis Beacon posted an article about unemployment: In the St. Louis area, unemployment rose to 9.9 percent in November, up from 9.7 percent in October. That compares to 7.1 percent in November 2008. The article features unemployment figures from cities in the metro area–click here to read the full article and to take a [...]

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Economic Planning in Cuba, MO

16. December 2009

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The community leaders we spoke with during our trip to Cuba, MO had an extensive understanding of the city’s history and former problems.  This video gives a brief overview of a previous economic crisis that devasted Cuba in the early 1980s.  Several residents explain how Cuba recovered and, most importantly, what’s different today. You can [...]

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November Job Report Yields Surprising Results

6. December 2009

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On Friday the Labor Department announced a surprising shift in unemployment trends.  According to the November job report, the U.S. economy lost 11,000 jobs and the unemployment rate fell to 10% from 10.2%.  The New York Times reports that this is the strongest employment report since the recession began almost two years ago.  These numbers [...]

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Two Perspectives on Higher Education during the Recession

4. December 2009

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The Public Insight Network has served Channel 9 well in helping us gauge the effects of the mortgage crisis on the St. Louis community.  We recently sent out an email asking members to describe how the recession has affected their college plans. The responses of two residents show ways the community is adjusting to the [...]

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Federal Housing Administration Announces New Standards for Lenders

2. December 2009

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On Monday, the same day that the Obama administration announced its plan to pressure mortgage companies to modify more loans for homeowners, the Federal Housing Administration proposed stricter rules for lenders.  The FHA is a government agency that provides mortgage insurance on loans made through its approved lenders.   USA Today reports that this year [...]

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