Best ETFs, FICO score changes & next wave of mortgage defaults - Today in Money 8/12


In the News
The Best ETFs
With 800 choices, you can't just throw darts. Kiplinger picks great ETFs in 13 categories.
Getting Past the ETF Clutter - Kiplinger.com

How the World Spends Its Money
Ever wondered how global consumers spend their hard-earned incomes? Data from the World Bank's most recent study breaks global individual consumption into 11 buckets--from food and clothing to health care and recreation. While just 6% of U.S. income goes to food China residents spend 24% and Ethopians a whooping 55%. At the other extreme, Americans spend 18% of its income on healthcare, which is much higher than most other countries.
How The World Spends Its Money - Forbes.com


Get Ready for FICO 2008
Designed to halt piggybacking, FICO 08 ignored authorized-user accounts in scoring. Not so, anymore. On July 31, Fair Isaac announced that its latest credit-scoring model, dubbed "FICO 08," will include authorized user accounts when calculating someone's FICO credit score. The company estimates that 50 million consumers are "legitimate" authorized users on someone else's credit card. Legitimate authorized users, such as spouses, parents and children, have relationships with the primary accountholders and reasons to share access to the accounts.
Authorized-user accounts OK again -Bankrate.com

The Next Wave of Mortgage Defaults

More borrowers with good credit are defaulting on their home loans, and that's going to make it even harder for the slumping housing market to recover.
A dead end on the road to housing recovery - CNNmoney

7 Nasty Airline Fees

For consumers, the best defense is to factor in the fees each airline charges when comparing fares. Here are seven instances when fees are assessed and how to avoid them.
7 Nasty Airline Fees and How to Avoid Them - SmartMoney

Top-Earning Celebrity Chefs
From foie gras to fried greens, these kitchen wizards carve, caramelize and cash in. Nobody cashes in more than Rachael Ray who has made $18 million over the past year. Wolfgang Puck is second with $16 million and 'Hell's Kitchen' chef Gordon Ramsay ranks third at $7.5 million.
Ten Top-Earning Celebrity Chefs - Forbes.com
Symbol Lookup
IndexesChangePrice
DJIA-89.2312,801.23
NASDAQ-23.352,903.88
S&P 500-9.311,342.64

Last updated: February 11, 2012: 08:46 AM

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