American Morning

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September 29th, 2009
01:25 PM ET

Are you thrifty? Take our survey!

Assume the recession is over and you land $10,000 tax-free. Do you put all or at least some of it in the bank?
Pay down credit cards?
Invest in a traditional or Roth IRA?
Once the recession ends, will you spend less dining out than you did before the recession?
At this very moment, do you know your credit score?
At this very moment, do you know your bank balance?

Consumer Reports surveyed more than a thousand consumers and found they learned big lessons from the Great Recession and vowed to permanently scale back their spending.

A whopping 71% of Americans purchased only what they absolutely needed this year, 53% percent used credit cards less and 39% said they put more money into savings.

Consumer Reports calls this “intelligent thrift.”

How do you rank?

CNN Business Correspondent Christine Romans has
created this quiz to help you decide whether you
are the smart, thrifty consumer or the bubble
consumer.

How many questions did you answer with yes?

6?
You are a financial overachiever

4-5?
You are a frugalista

2-3?
You are a bubble consumer

0 to 1?
You need a money intervention

Program Note:

Watch Christine Romans on CNN's
"American Morning," weekdays from 6-9 a.m. ET.

And check our her daily "Romans' Numeral."


Filed under: Business
September 29th, 2009
11:46 AM ET

Crist stands by prediction Obama could face massive defeat

From CNN Ticker Producer Alexander Mooney

(CNN) — Florida Gov. Charlie Crist is standing by his recent prediction that President Obama may be headed for a massive electoral defeat similar to that which President Carter faced in 1980.

[It] may happen again," Crist told CNN's John Roberts on American Morning Tuesday. "What I think has occurred is that in 1976 the people wanted a change…I think the same thing sort of happened last year in America." Read more


Filed under: Politics
September 29th, 2009
10:48 AM ET

Can Obama fit any more on his plate?

From Candy Crowley
CNN Senior Political Correspondent

WASHINGTON (CNN) - President Obama faces a daunting fall to-do list against the backdrop of an American public losing enthusiasm on a variety of issues.

[cnn-photo-caption image= http://i2.cdn.turner.com/cnn/2009/POLITICS/09/29/obama.full.plate/art.obama.tues.gi.jpg caption="President Obama's top priorities this fall are health care and financial reform."]

Obama's agenda ranges from dealing with Iran's nuclear ambitions to traveling to Copenhagen to pitch Chicago for the 2016 Olympics - a trip the president said two weeks ago he could not take because he was working on health care.

"Health care reform has been his No. 1 priority issue here domestically. He wanted to make sure that if he went, that it wouldn't have an adverse impact on that, so he's going for just a day," said senior adviser Valerie Jarrett.

And health care will still be at the top of the list when the president gets back. This fall, his priorities are health care and financial reform, one Capitol Hill source said.

But health care reform will require a hands-on approach. The Senate Democratic leadership is looking for presidential guidance in creating one bill out of two very different ones - all the while holding onto enough votes to pass it.

Read the full story »


Filed under: Politics
September 29th, 2009
10:39 AM ET

CNN's new app brings live video, iReports to iPhone

CNN is taking journalism to a whole new level today with the new CNN iPhone app. It includes live video, personalization tools and the ability to upload iReports.

It costs just $1.99 at the app store. Watch as John and Kiran give it a spin on the "Magic Wall."

Check it out: CNN.com/iPhone


Filed under: Technology
September 29th, 2009
10:27 AM ET

Watching You 24/7: Bad background checks

The data broker business is a multi-billion dollar industry that makes its money digging up dirt on people. But what happens if a company hired to do a background check on you makes a mistake?

In our special series, Watching You 24/7, our Personal Finance Editor Gerri Willis has the story of rap sheets on the wrong people.


Filed under: Watching You 24/7
September 29th, 2009
09:31 AM ET
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