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avatar You are viewing an archive of articles by Luke Landes. Luke Landes is the founder of Consumerism Commentary. He has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about Luke Landes and follow him on Twitter. View 's Google Profile.

Luke Landes

Fed Cuts Short-Term Rate By 0.75 Points

by Luke Landes

On my way into work this morning, I heard that Ben Bernanke and the Federal Reserve Board cut the target rate for banks’ short-term lending to 3.5 percent. This makes it more worthwhile for banks to take on more risk with their money, lending it out in cases where they’ve been tight lately. The Fed announced ... Continue reading this article…

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Put Your Savings in Hyperdrive, Part 6: Make Your Raise Invisible

by Luke Landes

This is the last installment of the series in which I offer a few suggestions for picking up the pace of your savings. For those not familiar with the concept of “hyperdrive,” the word refers to traveling faster than the speed of light, common in science fiction. This is the speed I would like my ... Continue reading this article…

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Economic Stimulus (and Blog Roundup)

by Luke Landes

President Bush is suggesting a $145 billion rebate to taxpayers in order to stimulate the economy and avoid economic recession in 2008. About $100 billion is reserved for individual tax payers and the rest is for businesses. This could come to the masses in the form of a $800 tax rebate check for each individual ... Continue reading this article…

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Updated List of Savings and Checking Account Rates

by Luke Landes

Many banks have updated interest rates on high-yield savings accounts in the last few weeks. I’ve updated the interest yields listed here. Thanks to a reader who emailed me to let me know about UFB Direct’s latest rate drop.

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Put Your Savings in Hyperdrive, Part 5: Hide Your Savings From Yourself

by Luke Landes

Over the past week, I’ve been sharing some ideas for taking your savings to the next level. Try to take advantage of high-yield savings accounts while you sill can. With the economy in bad condition, it’s likely the Federal Reserve is going to lower the target interest rate, which will mean lower interest rates for ... Continue reading this article…

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ING Direct Tax Forms Available Now

by Luke Landes

I just checked my ING Direct savings account and noticed that the bank has its customers’ tax forms ready to download now. Banks are required to generate 1099-INT forms, which report the amount of interest earned, for anyone who has accumulated more than $10 in interest throughout the year. I love the convenience of obtaining ... Continue reading this article…

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A Case of Really Bad Timing

by Luke Landes

At the end of 2007, I contributed $5,000 to a Fidelity Charitable Gift Fund that I created for myself to distribute to non-profit organizations later, once I selected a cause to support. This was a case of really bad timing; since then my account’s value has dropped 6 percent. Suddenly, I have $300 less to donate ... Continue reading this article…

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Hedging Bets on Blu-Ray But Still Disappointed (and Blog Roundup)

by Luke Landes

Last year, I decided to become a “late early adopter” by taking the jump to high-definition entertainment. I upgraded my equipment, including a Toshiba HD DVD player. While cognizant of the HD format wars, I went ahead with HD DVD because the equipment was better priced for the mass market. I thought thought that due ... Continue reading this article…

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Put Your Savings in Hyperdrive, Part 4: The Expensive Coffee-Related Drink Factor

by Luke Landes

I’m on a quest to determine a number of financial moves that will accelerate savings beyond the typical snail’s pace. I’ve written so far about opening a high-yield account, keeping your change creatively, and automatic your savings. These are all basic concepts that can be applied in interesting ways with a little bit of attention. ... Continue reading this article…

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Inflation Watch: Consumer Prices Rose 4.1% in 2007

by Luke Landes

If you perceived a painful sting each time you opened a wallet in a grocery store or at a gas station last year, it wasn’t just you. The Bureau of Labor Statistics has informed the public that the Consumer Price Index for 2007 is 4.1 percent, the highest inflation rate since 1990. The increase is due ... Continue reading this article…

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