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December 2, 2008 9:10:56 PM CST

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ANALYSIS

 'Everyday' Palins 
 Worth About $1.2M 

2007 income tops $250K; salaries, fishing rights, handful of properties add up

Associated Press Associated Press Oct 2, 08 2:10 PM CDT
(Newser) - Financial reports show that, while they’re no John and Cindy McCain, the Palin family is much more well-off than the average American, the AP reports, worth about $1.2 million. The Alaska governor and her husband together appear to have made more than $250,000 last year, from her salary and Todd Palin’s jobs in the oil fields and as a commercial fisherman. More »

More about:  Election 2008 • Sarah Palin • Alaska • fishing • Wasilla • Todd Palin • personal finance • property values

 Disney Fever Sweeps Shanghai  

Residents scooping up property, hoping for a payoff if city gets theme park

Wall Street Journal Wall Street Journal Jul 26, 08 9:23 AM CDT
(Newser) - As rumors fly about Disney’s interest in building a theme park in Shanghai, residents are already taking action to profit from the project. They're adding on to their property and establishing false businesses, figuring they’ll be compensated for the loss of such holdings if Disney takes control of the area, the Wall Street Journal reports. More »

More about:  China • Disney • Shanghai • property values

ANALYSIS

 'Evangelist' Renter: Time to Buy 

NYT analyst says buying begins to make sense again

New York Times New York Times May 28, 08 8:32 AM CDT
(Newser) - As property prices head back down, a self-proclaimed "evangelist" of renting is trading in the lease for a mortgage. David Leonhardt of the New York Times has been advising people for years not to buy a home and get their money tied up in a housing bubble, but he now believes buying is starting to make sense again. More »

More about:  housing market • housing bubble • homeownership • rent • property • property values

Consumer Spending Stalls Again

Confidence is falling as inflation rises

Bloomberg Bloomberg Feb 29, 08 12:03 PM CST
(Newser) - Consumer spending rose more than expected in January—but only because prices did so as well, Bloomberg reports. Adjusted for inflation, spending remained flat for the second straight month. With fuel costs rising, banks restricting loans, and property values falling, “consumers are clearly hard-pressed to maintain their standard of living and are cutting back,” says an analyst. More »

More about:  Federal Reserve • US economy • recession • inflation • consumer spending • fuel costs • consumer confidence • property values

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