Today On The Ilyce Glink Show - January 25, 2009
New week, new president. Today on the show we talked about the inauguration and how the stock market dived about 4 percent that day -- the most on any inauguration day ever. Why? It had little to do with Barack Obama being inaugurated and a whole lot to do with the Royal Bank of Scotland's numbers.
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What's Up With The $7,500 Tax Credit?
From: Linda: You were talking on WSB this passed Sunday morning about a $7,500 tax break for buying a house I did not catch the full story. Where could I find that information? Thanks.
From Ilyce: At the moment, what's available is a $7500 tax credit -- a dollar for dollar reduction in the total…
Foreclosures Increase Whopping 81 Percent In 2008
The number of foreclosure filings in 2008 increased a dramatic 81 percent over that of 2007, announced RealtyTrac in its 2008 U.S. Foreclosure Market Report.
The report states that 3,157,806 foreclosure filings were made on 2,330,483 properties. That means that some properties were subject to…
NAR Says Home Buyer Tax Credit Could Help Reduce Housing Inventory
According to the National Association of Realtors, if all home buyers become eligible for a tax credit without a repayment feature, it could result in an additional 555,000 home sales, which would be enough to significantly reduce excess housing inventory.
Lawrence Yun, NAR chief economist, said NAR…
IRS Announces Help For Taxpayers Who Owe Back Taxes
Looks like the Internal Revenue Service is following the example of financial institutions like banks and agreeing to work with people in financial distress who owe them money. The bottom line is that you should call IRS and talk to them if you cannot make payments. Tell them about your specific…
Just received this from Woody Alpern, who was partners with the late Mike Kavanagh at Capital Investment Advisors, Inc. (www.yourwealth.com). For more information on annuities, please contact him at radio@yourwealth.com and tell him I sent you.
Ilyce:
I was listening to your show, and I heard the last…
Here's the video from my appearance on yesterday's Today Show:
Breaking News, World News, and News about the Economy
Dec. 28, 2008
The Numbers: Here's What 2008 Looked Like
As we end the year, it's hard to picture just how awful a year this was. It's even harder to imagine what 2009 will be like if 2008 was this bad.
One way to judge a year is by the numbers. Here are a few of the most interesting:
Stock Market:
S&P fell 1.7% last week to 872; down 41% in 2008 Dow Jones…
Edwin called the show today. He's setting up a small business and his local bank turned him down. He wanted to know about some other resources.
I recommended he turn to the Small Business Administration (www.sba.gov) for their free or very low-cost classes, mentoring, advice, and help with applying…
Are you sick of paying huge cable bills? What if you deconstructed what you pay for (phone, TV, Internet) and started to look at unusual ways of accessing the content you want through technology?
Loads of WSB listeners have been trying Magic Jack (www.magicjack.com; $40 for the first year, $20 per…
