Lindsay's Feed
Nov 6, 2014

Fannie Mae to send $4 billion to U.S. Treasury after third-quarter profit

By Lindsay Dunsmuir

(Reuters) – Government-controlled mortgage finance firm Fannie Mae (FNMA.OB: Quote, Profile, Research, Stock Buzz) said on Thursday it will pay U.S. taxpayers $4.0 billion after reporting a quarterly profit that modestly rose from the second quarter.

Once it has made the latest payment in December, it will have returned $134.5 billion to taxpayers in exchange for the $116.1 billion in taxpayer aid it received after being placed under the government’s wing at the height of the financial crisis.

Nov 6, 2014

Fannie Mae to send $4 bln to U.S. Treasury after Q3 profit

Nov 6 (Reuters) – Government-controlled mortgage finance
firm Fannie Mae said on Thursday it will pay U.S.
taxpayers $4.0 billion after reporting a quarterly profit that
modestly rose from the second quarter.

Once it has made the latest payment in December, it will
have returned $134.5 billion to taxpayers in exchange for the
$116.1 billion in taxpayer aid it received after being placed
under the government’s wing at the height of the financial
crisis.

May 7, 2014

Fast-food workers threaten global wage protests next week

NEW YORK (Reuters) – Fast-food workers plan strikes in 150 cities across the United States and protests in 33 other countries on May 15 to demand higher pay and better working conditions, organizers said in New York on Wednesday.

It is the latest in a series of protests over the past 18 months in the United States that have targeted fast-food chains including McDonald’s Corp, Burger King Worldwide Inc, Wendy’s Co and Yum Brands Inc’s KFC chain.

Apr 15, 2014

Two in three Americans do not plan to follow football’s World Cup – Reuters/Ipsos poll

NEW YORK (Reuters) – When the U.S. men’s football team lines up in Brazil to play their first game of the football World Cup in June, their home support may be tepid at best.

Two in three Americans do not plan to follow this year’s tournament, according to an ongoing Reuters/Ipsos poll. Only 7 percent said they anticipated following it closely.

Apr 14, 2014

Two in three Americans do not plan to follow soccer’s World Cup: Poll

NEW YORK (Reuters) – When the U.S. men’s soccer team lines up in Brazil to play their first game of the soccer World Cup in June, their home support may be tepid at best.

Two in three Americans do not plan to follow this year’s tournament, according to an ongoing Reuters/Ipsos poll. Only 7 percent said they anticipated following it closely.

Apr 14, 2014

Two in three Americans do not plan to follow football’s World Cup

NEW YORK (Reuters) – When the U.S. men’s football team lines up in Brazil to play their first game of the football World Cup in June, their home support may be tepid at best.

Two in three Americans do not plan to follow this year’s tournament, according to an ongoing Reuters/Ipsos poll. Only 7 percent said they anticipated following it closely.

Mar 20, 2014

Manchester United’s struggles put strain on business model

NEW YORK/SINGAPORE (Reuters) – Manchester United won some much needed breathing space with its comeback in the Champions League on Wednesday after a series of losses on the pitch put pressure on the business model of one of the richest clubs in Europe.

While loyalties in soccer don’t evaporate overnight, an early sign that casual fans might be wavering is when selling merchandise becomes harder. A dwindling fan base in turn jeopardizes the lucrative sponsorships that drive revenue.

Aug 15, 2013

One in 10 Americans have taken drugs prescribed for others: poll

NEW YORK (Reuters) – Kurt is a 32-year-old IT systems administrator from Des Moines, Iowa. He has a colleague who had been prescribed “ridiculous amounts” of Vicodin for a chronic back problem.

His colleague offered him some of the pills. Soon Kurt was taking them three to four times a week to get high and relax.

Aug 8, 2013

Many Americans have no friends of another race: poll

NEW YORK (Reuters) – About 40 percent of white Americans and about 25 percent of non-white Americans are surrounded exclusively by friends of their own race, according to an ongoing Reuters/Ipsos poll.

The figures highlight how segregated the United States remains in the wake of a debate on race sparked by last month’s acquittal of George Zimmerman in the shooting of unarmed black Florida teenager Trayvon Martin. President Barack Obama weighed in after the verdict, calling for Americans to do some “soul searching” on whether they harbor racial prejudice.

May 5, 2011
via Reuters Money

Virtual currencies are coming for your cash

Photo

Facebook’s announcement that it will sell goods through its own virtual currency called Credits – 10 of them equal $1 – seems an elaborate way to make you pay for everyday items such as DVDs.

Then there are video games that encourage you to spend real money on virtual items. Yes, really. The bottom line is both can make you part with more dollars than you mean to.