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News and Blogs: Tuesday, November 11, 2008

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Profit From the Obama Economy. Invest in biotech, green energy, infrastructure, advanced manufacturing, and information technology. These sectors of the economy are expected to grow during Obama’s presidency.

A New Way to Transfer Cash. New technology lets customers use ATMs to transfer cash from one person to another. You will be able to register your cell phone use text messages to receive passwords that allow you to retrieve money. No bank accounts are necessary. One person deposits cash into an ATM, sends the money using the controls, and the receiver accesses another ATM to withdraw the money. I would hate to see the fees.

Citi to Modify $20 Billion in Home Loans. If the press release reflects the action Citi takes, 500,000 Citi mortgage customers will be able to lower their payments to just a percentage of the interest due each month for a total payment of 40% or less of their income.

Announcing the Save $1,000 in 30 Days Challenge. Each day this month, I Will Teach You to be Rich is presenting one tip to help readers save money now. Ramit is guaranteeing that he will not include “stupid frugality tips.” One such tip that passed the test is to involve your friends with your savings goals.

What Circuit City Customers Need to Know. With the announcement that Circuit City is declaring bankruptcy, customers and investors are concerned. They are honoring gift cards, but you should use these as soon as possible. Warranties will be serviced by third parties (as they would have been otherwise).

Updated May 9, 2011 and originally published November 11, 2008. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.

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About the author

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 all articles by .

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