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Insurance

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Federal government has eye on municipal bonds


Dear Mr. Berko:

A very reliable source told us of a movement under way in both the House and Senate to tax all interest on municipal bonds beginning in 2012. We have a rather large …

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Investing for a son’s future


Dear Mr. Berko:

I have a 2-year-old son, and for reasons I do not wish to discuss, I am out of his life forever. He’s in a fine foster home, and I want to provide …

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Who’s right about the stock market?


Dear Mr. Berko:

David Bianco, the brilliant analyst for Bank of America Merrill Lynch, is very bullish and thinks the market has lots of upside. But Robert Shiller of Yale, one of the most brilliant …

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Small business groups pushing back over IRS data requests

The Internal Revenue Service (IRS), moving aggressively to collect more taxes from small businesses, is telling companies being audited to turn over exact copies of the electronic records kept in their business software programs, The …

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Iowa gains fifth-most financial jobs in 10-year period

Iowa is one of 21 states where employment in the financial sector has risen above 2001 levels, according to U.S. Bureau of Labor Statistics data compiled by Bizjournals.com.

Iowa had 99,700 financial sector jobs in …

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Big banks join battle for online payments

Three of the nation’s largest banks plunged into the growing battle over how consumers move money and make payments, launching a service today that lets customers use their checking accounts to send each other money …

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Bank of America reaches $410 million settlement

More than a million Bank of America Corp. debit card users could be in line for a payout after the Charlotte-based bank agreed to pay $410 million to settle a federal lawsuit, the Charlotte Business …

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Legislation would raise credit union lending cap

The Iowa Credit Union League said Tuesday that legislation recently introduced by Congressman Bruce Braley to raise the current cap on credit union business lending would increase commercial lending by credit unions by $10 billion …

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Report: Those close to retirement saw savings decrease or disappear in recession

The recession has taken a toll on many Americans’ financial well-being, but retirees and those close to retirement face particular hardship, CNNMoney.com reported.

One in four Americans age 50 or older said they had exhausted …

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Bank profits rise, but problems still exist, FDIC says

Bank profits rose substantially in the first quarter, and financial institutions reported their best quarterly results since the second quarter of 2007, the Federal Deposit Insurance Corp. (FDIC) said today, even though the industry still …

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