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AOL Aims High With Hyperlocal Journalism Project

The initiative, called Patch, launched its 100th local news site on Tuesday. AOL is expanding the program quickly and plans to cover 500 communities by the end of the year. But the company faces competition from well-established hyperlocal sites, and profitability remains to be seen. » E-Mail This      » Add to Del.icio.us

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Cash Incentive Program For Poor Families To Expire

Across the country, officials and nonprofits are encouraging social change with cash incentives. Some results are in from a program in New York, where the city has been paying poor families to engage in positive behaviors, like going to the doctor more regularly. The goal is to boost incomes and help these families move out of poverty but after three years, the program ends this summer. » E-Mail This      » Add to Del.icio.us

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Low expectations for new loan help program

Last month, the Obama administration launched a program to help homeowners with loans insured by the Federal Housing Administration. About 850,000 FHA borrowers are behind on their payments or in foreclosure, yet the program will assist just 45,000. The effort targets homeowners who … Full Read the rest here: Low expectations …

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‘Cash For Clunkers’ Program Is Back In High Gear

President Obama signs legislation that extends the program into Labor Day and prevents the two-week-old incentives from running out. The measure triples the $1 billion fund that has led to big crowds at once-deserted auto showrooms. » E-Mail This      » Add to Del.icio.us

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Ford Posts First Monthly Sales Increase In 2 Years

Ford says July sales have been helped by the government’s very popular “cash for clunkers” program. But the government says that, unless the Senate follows the House and allocates $2 billion, the program will have to be suspended this week. That program gives vouchers of up to $4,500 for drivers who trade in old cars for new, more fuel-efficient ones. » E-Mail This      » Add to Del.icio.us

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HUD Chief Admits Gaps In Loan Modification Program

Shaun Donovan calls the 200,000 loans modified through the program since March a “significant achievement,” but says the pace will have to pick up to have a real impact. The agency was shooting to have 3 million to 4 million loans modified over three years. » E-Mail This      » Add to Del.icio.us

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House OKs More Cash-For-Clunkers Funds

The House voted Friday to rush $2 billion more dollars into the government’s cash-for-clunkers program. It emerged Thursday that the $1 billion set aside to encourage purchases of fuel-efficient vehicles may be in danger of running out only days after the program began. » E-Mail This      » Add to Del.icio.us

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Dealers Say Cash-For-Clunkers Boosting Sales

After the launch of the government’s cash-for-clunkers program this past weekend, dealers say it is boosting sales. Despite pages of regulations, last minute changes to car eligibility and other gripes, about 16,000 dealers have signed onto the program. The government is spending $1 billion on the program in hopes of encouraging new car sales. » E-Mail This      » Add to Del.icio.us

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