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Topic: Farhad Saboori

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  • Five reasons the S&P downgrade isn’t so bad – and one word of caution

    If the Standard & Poors downgrade of US debt from AAA to AA+ worries investors enough, the US may be forced to pay higher interest on its debt, which could affect interest rates across the economy, from mortgages to car loans. But for now, economists say, the economic impact of the downgrade will likely be minimal and US Treasury bonds will continue to be the investment vehicle of choice for American and overseas investors. “Despite the drop in the rating and the fact that the US economy is going through a fiscal crisis, it’s still one of the safest places to invest,” says Farhad Saboori, an economist at Albright College in Reading, Penn. Here are five reasons why the downgrade isn’t as bad as it seems, and a reminder not to take it too lightly:
    08/08/2011 06:07 pm

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  • Five reasons the S&P downgrade isn’t so bad – and one word of caution

    If the Standard & Poors downgrade of US debt from AAA to AA+ worries investors enough, the US may be forced to pay higher interest on its debt, which could affect interest rates across the economy, from mortgages to car loans. But for now, economists say, the economic impact of the downgrade will likely be minimal and US Treasury bonds will continue to be the investment vehicle of choice for American and overseas investors. “Despite the drop in the rating and the fact that the US economy is going through a fiscal crisis, it’s still one of the safest places to invest,” says Farhad Saboori, an economist at Albright College in Reading, Penn. Here are five reasons why the downgrade isn’t as bad as it seems, and a reminder not to take it too lightly:
    08/08/2011 06:07 pm

Doing Good

 

What happens when ordinary people decide to pay it forward? Extraordinary change...

Danny Bent poses at the starting line of the Boston Marathon in Hopkinton, Mass.

After the Boston Marathon bombings, Danny Bent took on a cross-country challenge

The athlete-adventurer co-founded a relay run called One Run for Boston that started in Los Angeles and ended at the marathon finish line to raise funds for victims.

 
 
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