Obama has the most work cut out for him in one area: jobs

Date: Wed, 24 Dec 2008 17:01:30 -0500

Obama has the most work cut out for him in one area: jobs

As the recession rolls on, keeping workers at work may be
President-elect Barack Obama's toughest job.

MARKET SNAPSHOT: U.S. STOCKS MAKE MODEST GAINS IN LIGHT PRE-HOLIDAY TRADING

Stocks close slightly higher in light, pre-holiday trading after U.S.
data on consumer spending and durable goods reported for November come
in better than expected.

FUNDWATCH: CHOOSE CORPORATE DEBT OVER STOCKS, SAY MANAGERS

Falling stock prices this year have left many investors' portfolio
balances out of whack. But some managers argue against the need to
rebalance holdings.

MORTGAGES: RATES ON 30-YEAR MORTGAGES AT LOWEST SINCE AT LEAST 1971

Fixed-rate mortgage rates fell again this week, with the 30-year
fixed-rate mortgage setting another record low, at least since Freddie
Mac began doing its weekly survey in the early 1970s.

DIVORCE RATES DROP AS COUPLES STAY TOGETHER DUE TO TIGHT FINANCES

The recession and economic turmoil is creating a new class of
casualties: Married couples who can't afford to get divorced. In these
tough times many people are finding it's cheaper to stay together,
even when they can't stand each other.