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South Beach is a world destination, but at places like the Sagamore Hotel they are promoting hometown flavor this summer with staycation packages. Sandi Plotnick and Josh Rose drove down from Weston to grab one of the deals. Plotnick told me, "We actually stayed two nights and got the third one for free. We were only going to stay two nights, so why not make it a long weekend."
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The U.S. Congress voted to pass a gigantic financial bailout, which was immediately signed by President Bush. The bailout added a package of tax breaks, raised the FDIC insurance limit to $250,000, requires private health insurers make mental health and addiction treatments equal to traditional medical benefits, and other enticements.
The $700 billion price tag attached to the government bailout of Wall Street might be hard to fully grasp. The plan, called a "Hail Mary" by some, seeks to inject money into the market in hopes of avoiding a long-term economic slowdown, or possibly even a depression.
Click here to see the top 10 questions and answers about the bailout plan.
| Even in a down economy people are hiring, but to take advantage of that you need to know where the jobs are and how best to prepare for your search. CBS4 has partnered with Monster.com to help you locate the jobs, and in the cbs4.com job center, we provide links to information which can help you prepare to re-enter the job market. | |
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Wondering which way the stock market may turn? Concerned about your money-market account, company's stock price, or the movements of markets around the world? These blogs give you a rapidly updated look at the markets and the economy.
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It may not be as bleak as it first seems. Lenders are taking new initiatives to work with borrowers who come to them early for assistance. Loans can be adjusted, payments can be delayed, and if foreclosure is unavoidable things can be done to make it easier on you and your family. Click to see alternatives and helpful tips from CBS4.com
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