Latest News From The World
Singapore on Monday announced income tax rises for the top five percent of the population to fund rising social spending targeted at the poor and elderly in the rapidly ageing city-state. The marginal personal income tax rate for those earning above Sg$320,000 ($256,000) a year will rise to 22 … Read entire story.
The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, fell 7.2 percent in the week ended Sept. 5. Fixed 30-year mortgage rates averaged 4.27 percent in the week, up from 4.25 percent the week before.
Caution, however: the technicals aren’t exaclty clean, thanks to the lingering impact of Greece-related headlines.
On a night last week when the temperature dropped to 17 degrees, Edward Brown, who’s 62 and homeless, slept at the bus stop in front of the Jennings, Mo., city hall in St. Louis County. “It was cold, very cold,” he says.