'Anytime, anywhere, anyway;' online banking offers greater convenience and easier financial planning

Article Abstract:

Online banking is available in a number of variations, with some available directly to anyone with Internet access, some with a commercial online service and some to any customer with the bank's own toll-free telephone number. According to a survey by the management consulting firm Booz-Allen and Hamilton, hundreds of banks across the country intend to offer advanced online services in the next year. Online banking will see its next step forward when Security First Network Bank introduces a linkage of Internet-based banking services with other financial activities.

Author: Newberry, Jon
Banking Institutions, Depository Credit Intermediation, Other Financial Vehicles, DEPOSITORY INSTITUTIONS, Financial Services NEC, Banking industry, Innovations, Financial services, Banks (Finance), Technology application, Electronic funds transfer systems, Home banking, Home banking services, Bank automation

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Staying alive

Article Abstract:

The Legal Services Corp (LSC) faces its greatest threat ever in the current Congress, eager to cut or eliminate programs and hostile to many of the LSC's avowed interests and activities. Critics of the LSC say it is essentially aid for lawyers, and they are debating handing it over to the states, cutting its funds, imposing restrictions such as a bar on lobbying, or killing it outright. LSC's foes include representatives Henry Hyde, George Gekas, Bill McCollum, John Kasich, and Harold Rogers, and Senator Phil Gramm.

Author: Newberry, Jon
Legal Counsel and Prosecution, Legal Services Corp, Political activity, Political aspects, United States. Legal Services Corp., Legal aid

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Staying ahead of your mortgage; by overborrowing, home buyers can invest difference in high-interest bonds

Article Abstract:

The 1997 economy boasts historic stock market returns and low mortgage interest rates and home buyers can take advantage of this situation by borrowing more for their mortgage than they need to and investing the cash. However, investments are taxable income whereas mortgage interest is tax-deductible and evaluating whether debt avoidance or maximization of mortgage borrowing is best requires calculation of the tax effect of each option. Risk involved in the stock market is the other consideration.

Author: Newberry, Jon
Management, Personal finance

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Subjects list: United States
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