Mortgage interest & your 2018 taxes

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The carnage on Wall Street last week surely rattled investors, but on Main Street the good times aren’t about to end. Why it’s not time to panic.

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Just because the market wobbles doesn't mean the economy is going to the dogs. Check these indicators for a better look at the risk.

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<p>Stocks fell on Monday, adding to steep losses seen last week as worries over higher borrowing costs the global economy persisted.</p>

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Sears Holdings Corp., the 125-year-old retailer known for its Kenmore and DieHard brands, collapsed into bankruptcy under pressure from too much debt and too few shoppers.

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<p>Sears Holdings Corp CEO Eddie Lampert has stepped in to contribute toward a financing package of between $500 million and $600 million that the U.S. department store operator was close to securing on Sunday</p>

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By Jessica DiNapoli and Mike Spector

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The retail chain has struggled to adapt to changes in how Americans shop and engaged in risky financial engineering, racking up big losses.

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When investment flows come in quickly, they can go out just as quickly.

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Just 96 people out of the nearly 30,000 who applied for public service loan forgiveness have actually been approved. Here are some of the many, many people for whom the program has failed.

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After a nail-biting week with the Dow Jones Industrial Average sinking nearly 1,400 points over two sessions, the jury is still out on whether the selloff signals a fundamental shift in the stock market or a brief episodic correction. But one thing is certain, investors should brace for more drama in the coming days as corporate earnings, rising interest rates and economic data all converge for a volatile mix of angst-ridden trading.

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The widespread failure of American mass transit is usually blamed on cheap gas and suburban sprawl. But the full story of why other countries succeed is more complicated.

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"We still have plenty of monetary instruments in terms of interest rate policy, in terms of required reserve ratio. We have plenty of room for adjustment, in case we need it," said Yi Gang, the governor of the People's Bank of China.

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Policy makers should prepare for more market volatility amid further financial tightening and “a bit choppy” waters in the global economy stemming from trade tensions, said Christine Lagarde, managing director of the International Monetary Fund.

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Municipalities are making tough choices as recycling becomes unprofitable for some communities

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