Defense for former Virginia governor tells of broken marriage

RICHMOND, Va. Former Virginia Gov. Robert McDonnell and his wife on Tuesday unveiled an unorthodox defense to the federal corruption charges against them: Maureen McDonnell had a crush on the charismatic executive who lavished gifts and cash on the couple.

Maureen McDonnells intense even romantic interest in Jonnie Williams Sr. helps explain why she let him pay for expensive shopping trips and vacations for her and her family while she promoted a nutritional supplement he was trying to sell, defense attorneys said during opening statements. She was not hatching a scheme with her husband to get rich by abusing the prestige of the governors office; rather, she was a woman...

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Money Matters: Beware of high fees when keeping multiple retirement accounts

Q. I have a 401(k) question for you. I#x2019;m 43 and have worked for four companies in my 20-year career. The first three (18 years) all used the same discount custodian/brokerage firm, and my current employer uses another. I really like the former employer#x2019;s custodian#x2019;s website, customer service and fund selection much better than that of my current employer. They are probably not all five star performers or anything, but there is a comfort level there. The investments at my former plans are slightly outperforming my current employer#x2019;s funds by 5 to 10 percent. I have a total of about $250,000 in my former employer plans and about $4,000 in my current 401(k)....

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Money Matters: Pure Gasoline Or E10?


The cost at the gas pump is something every driver takes notice of nowadays. And when it comes to filling up the tank to get the most bang for your buck, what is the most efficient way of going about things: E10 or 100 percent gasoline?

An analysis was done by the Oklahoma American Automobile Association (AAA)to answer this question. It’s common knowledge that choosing E10, a blend of 10 percent ethanol and 90 percent gasoline, is the cheaper route. But the study went more in depth, to find out just what the tradeoff is on miles per gallon.

“Today in Oklahoma, the difference between the price at the pump for E10 and the price for so-called pure...

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Teach kids money matters early

 Bringing up children should ideally be a joyful and enriching experience to any parent, but it can also create untold financial challenges if done without a plan. Many parents often put aside their investment plans and its all systems go to educate their children until they leave the nest. Needless to say, they often endure a retirement of poverty with nothing to shore them up except ample praise that they did their parenting job well.

According to personal finance experts, modern parenting, like every financial undertaking requires astute planning. Its no longer a matter of begetting and raising children, like our forefathers, but one must contemplate the monetary...

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Italians more confident about money matters »

Italy registered a six-point rise in consumer confidence, compared to the first quarter of this year, the report by research company Nielsen said. Within Europe such an increase was only matched by Belgium, Denmark and Romania.

While Italians are getting more optimistic about their job prospects and money matters, they are however still far more pessimistic than the majority of Europeans.

The increase in Italy sees the country score 51 points on the Nielsen index, above only Croatia, with 50 points, Slovenia (49) and Portugal (48). Consumer confidence was higher in all other European countries ranked, including Ukraine which has for months been wracked by an insurgency.


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UPDATE 1-BCP’s Polish bank posts record Q2 profit, upbeat on H2

* Q2 net up 22 pct year-on-year to 164 million zlotys

* Net profit in coming quarters seen at similar level

* Bank benefits from economic recovery

(Adds details and quotes from news conference)

WARSAW, July 28 (Reuters) – Polands Bank Millennium
posted a 22 percent rise in second-quarter net profit
on Monday to the highest level for any quarter and forecast
similar results in the second half as the economy accelerates.

Millennium, the Polish arm of Portugals BCPs,
said net profit for the period stood at 164 million zlotys
($53.17 million), broadly in line with an average forecast of
166 million in a Reuters survey.


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3 Ways (and 1 Reason) to Refinance a HELOC


The monthly payments rise sharply when the amortization period begins on a home equity line of credit. These payment amounts assume a 3 percent interest rate and a 20-year repayment period. Payments would be more with a higher interest rate or a shorter repayment period.


In pointing out a version of the above scenarios, Grabel notes that they dont take into account the likelihood of higher interest rates in coming years.

Lenders Remind Borrowers

Banks encourage customers to deal proactively with this issue. According to Cynthia Balser, group manager of consumer credit products at KeyBank, Somewhere between six to 12 months...

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David Tyree To Wade Davis: ‘I Would Support A Gay Player’

  1. Wade Davis is a disgrace. Tyree was an active member of a hate group. And hes not sorry.

    Posted by: hugo_bess | Jul 26, 2014 12:17:15 PM

  2. Has so much ever been written about our/gays right to have equal esteem in the law and in society ?…….so much wrenching of consciences and strongly held religious beliefs about what should be self evident.

    These oafs were told centuries...

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Money matters: More than one in six US teens confused about even simple …

The low performance of US teens and their peers worldwide on a financial literacy study doesnt surprise me. Most of us learn about money from making mistakes with it in our 20s and 30s.  

Teaching kids financial planning earlier would help. Friends and colleagues who were money savvy in their 20s became homeowners sooner and survived later job losses and rough patches with less stress because they had savings. 

In a statement, Richard Cordray, director of the Consumer Financial Protection Bureau, said:

“Today’s results from the Programme for International Student Assessment show that much works need to be done and can be done when it comes to financial literacy...

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4 Republicans seek Dist. 23 seats in state House

Lawrence: Government is too big and government doesnt work. So, my top issue is getting government focused on doing what it is supposed to be doing, and ensuring that it does those things well. So, focus on education, but introduce best practices so that successful schools can teach failing schools ways to improve. Emphasize jobs, but dont try to micro-manage the process, focus on the big picture and take actions that benefit everyone, not just one company. And figure out all of the things that the private sector can be doing better and cheaper and let the private sector do its thing.

Littlefield: The top issue facing Arizona state government is putting our states finances on a sustainable...

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