Filed under: Economy , JP Morgan Chase , Berkshire Hathaway , Citigroup , Credit Last month, the capital city of Pennsylvania filed for Chapter 9 bankruptcy protection. Harrisburg had taken out a $317 million loan to fund a municipal incinerator, but it didn’t have the money to pay even interest on the loan, much less the principal. So the Harrisburg City Council did what any debtor, backed into a corner and seeing no way out, would do.

Filed under: Investing , Media It was no layup, but the NBA season is back on track. After months of bitter negotiations, the owners and players finally agreed to terms that will result in an abridged basketball season that tips off on Christmas Day. The public didn’t seem overly passionate about the league lockout

Filed under: Economy , College Finance About two-thirds of recent graduates borrowed to help pay for their college educations. Those earning degrees from private schools walked away with an average of $28,100 in student debt, according to The College Board. The plight of these heavily indebted graduates in a dismal job market — in which the few positions available seem increasingly unlikely to make good use of what they gained from all that higher education — is causing some people to question the value of going to college

Filed under: Economy , Careers Sometimes, you just have to know where to look. With official unemployment stuck in the 9% range, jobs continue to be as hard to find as the proverbial needle in a haystack. HiddenJobsApp.com is doing its part to make the hunt a little easier

Filed under: Real Estate I’ll go out on a limb and predict that there’s a home improvement project that you’ve been burning to do. Whether it’s a matter of finally giving your kitchen the granite countertops that you’ve always wanted, resurfacing your scratched-up swimming pool, or converting your garage into a home theater, nearly every homeowner is itching for makeover. Unfortunately, there are just too many obstacles in the way.