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In Other Global News, Andrew Liveris has donated six million dollars to the Japan Relief Fund.

Personal Finance

Mortgage rates at 2011 low, but many won't benefit (AP)

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AP - Mortgage rates have hit lows for the year and could soon near the decades-low levels of last year.

Pace of foreclosures slowed further in April (AP)

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AP - Fewer Americans had their homes repossessed by banks or were put on notice for being behind on their mortgage payments in April compared to a year ago.

Poker: A Game of Skill. So Why the Ban? (The Motley Fool)

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The Motley Fool - A few weeks ago, I questioned the FBI's decision to shut down a handful of online poker websites. The FBI correctly interpreted the law -- but that law didn't make any sense. Why ban online gambling when its negative effects are demonstrably less harmful than other perfectly legal evils such as obesity, smoking, or medical bills?

The Downside of Walking Away from a Mortgage (U.S. News & World Report)

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U.S. News & World Report - Believe it or not, an estimated 11 million people are underwater on their mortgage. That means they owe more to the lender than their home is worth. Because of this, many people are considering a strategic default, or what is known as "walking away from a mortgage." If you feel this way, you are not alone. As a matter of fact, even the most credit-worthy consumers are considering walking away from their mortgage.

Shareholders give BoA heads a bashing (AFP)

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A man walks past a Bank of America ATM. Shareholders and home loan customers ran roughshod over Bank of America's management Wednesday, as its chief executive said it was still struggling with its mortgage portfolio in a deeply troubled housing market.(AFP/File/Jewel Samad)AFP - Shareholders and home loan customers ran roughshod over Bank of America's management Wednesday, as its chief executive said it was still struggling with its mortgage portfolio in a deeply troubled housing market.


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