Making Sense NE , Thursday, 7/15/2010
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Hi, I'm Jennifer Rooks and this is Making Sense New England.
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Welcome to Making Sense New England, a monthly series about the economy and you. We're here to share ideas, advice and solutions to the economic challenges facing all of us. The stories come from neighborhoods throughout northern New England and take on some of the problems caused by the recession.
Today - are you considering a time share?
Financial harmony after matrimony.
And advice for the older worker.
First -- as foreclosure rates in New England climb, so too are the number of people victimized by mortgage fraud. One popular scam involves loan modification. That's when homeowners ask a lender to alter the terms of their mortgage so they can keep paying it. In many cases credible lenders make loan modification work. But as Making Sense correspondent Phil Vaughn found out there are plenty of desperate people who are vulnerable to scammers.
Promises, Promises.
North Conway, NH
Valerie Shae
Mortgage Fraud Victim
Karen Gorham
NH Dept of Justice
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If you're considering modifiying your mortgage, get advice first. You'll find a list of resources on our website MAKINGSENSE NE.ORG
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It may not be very romantic to think of it this way, but any marriage is really a financial partnership. One that consists of an ongoing series of financial decisions. Big ones, like whether to buy a house. and small ones, like whether to put that latte on your credit card. Experts say it's really important - especially in tough economic times - that marriages start off and stay on strong financial footing.
Money Savvy Marriage
Portland
Kelly Labrecque/Engaged to be Married
Aaron Twombly/Engaged to be Married
Susan Veligor/Cornerstone Financial Planning
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For more information about finacial marriages go to our website, makingsensene.org
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The recession has sent the leisure industry into a tail spin, making certain types of vacation property more affordable. It's at times like these that financial hazard can too easily be mistaken for financial opportunity. M$NE correspondent Bridget Barry Caswell looked into a tried, but not always true way to own a share of the great American vacation.
Timeshares
Stowe, VT
Johannes von Trapp
President, Trapp Family Lodge
Joe Hicks
Barre, VT
Sandra W. Everitt
Assistant Attorney General
Dir., Consumer Assistance Program
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You can access more timeshare buying guidelines and fraud avoidance tips as well as information about where to go if you think you've been victimized by disreputable timeshare sales practices. Just visit our website: MakingSenseNewEngland.org.
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As increasing numbers of older workers put off retiring or re-enter the workforce they often compete for jobs with much younger candidates. Deborah Russell from the national AARP office has advice on how older workers can stay competitve and employed.
Deborah Russell
Dir. of Workforce Issues, AARP
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Remember to visit MAKINGSENSE NE.ORG. for information, resources and tips related to northern New England's economy. I'm Jennifer Rooks, thanks for being part of Making Sense New England.
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Did you have a reaction to any of the stories or interviews featured in this program?
Did we miss anything or do you have suggestions for future Outlook espisodes?
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Drop us an email at nhoutlook@nhptv.org.
As always, you can find these stories and more online at nhptv.org/outlook.
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Making Sense New England #105 Air Date/Time: 3/18/2010
HOST: Jennifer Rooks Length: 7:15
Hi, I'm Jennifer Rooks and this is Making Sense New England. Welcome to Making Sense New England, a monthly series about the economy and you. We're here to share ideas, advice and solutions to the economic challenges facing all of us. The stories come from neighborhoods throughout northern New England and take on some of the problems caused by the recession. Today, you'll learn how to start a new career - after retirement. And - not all free lunches are created equal. Plus - a little etiquette during these tough times - please. First -- one of northern New England's icon industries is threatened - commercial fishing. There are fewer boats on the water, more regulations and declining markets. So, how have the men and women who catch fish reacting to the bad news? Correspondent Phil Vaughn is in Seabrook NH to show you.
PRODUCER/REPORTER: Phil Vaughn NAME OF PARTICIPANTS: Bob Campbell\Manager, Yankee Fisherman's Cooperative, David Goethel\Fisherman, Ken LaValley\University of New Hamsphire, Michael Meagher\Customer.
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Making Sense New England #105 Air Date/Time: 3/18/2010
HOST: Jennifer Rooks Length: 7:32
Hi, I'm Jennifer Rooks and this is Making Sense New England. Welcome to Making Sense New England, a monthly series about the economy and you. We're here to share ideas, advice and solutions to the economic challenges facing all of us. The stories come from neighborhoods throughout northern New England and take on some of the problems caused by the recession. Today, you'll learn how to start a new career - after retirement. And - not all free lunches are created equal. Plus - a little etiquette during these tough times - please. Today's unsettling unemployment rates have discouraged many in our region from even trying to find work. But there is also a group of people who never imagined they would be looking for a job. Correspondent Bridget Barry Caswell reports.
PRODUCER/REPORTER: Bridget Barry Caswell NAME OF PARTICIPANTS: Patricia Moulton Powden\Commissioner, VT Dept. of Labor, Pat Elmer\Executive Director, VT Associates for Training & Development, David Swainbank\St. Albans, VT, David Frisque\Park Ranger, Missisquoi National Wildlife Refuge, Ed Chase\Program Manager, VT Associates for Training and Development
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Making Sense New England #105 Air Date/Time: 3/18/2010
HOST: Jennifer Rooks Length: 8:10
Hi, I'm Jennifer Rooks and this is Making Sense New England. Welcome to Making Sense New England, a monthly series about the economy and you. We're here to share ideas, advice and solutions to the economic challenges facing all of us. The stories come from neighborhoods throughout northern New England and take on some of the problems caused by the recession. Today, you'll learn how to start a new career - after retirement. And - not all free lunches are created equal. Plus - a little etiquette during these tough times - please. Have you ever received an invitation to an "educational seminar" about investing? If so, was there a fine meal offered as part of the seminar? These events are referred to as "Free Lunch Seminars," and they often target senior citizens. A recent study by AARP shows that 6-million Americans have attended a free lunch seminar. And in many cases, participants have been pressured in to buying investment products that they don't need.
PRODUCER/REPORTER: Jennifer Rooks NAME OF PARTICIPANTS: Alyson Cummings\Maine Office of Securities, Michelle Zelkowitz\Portland, ME, Lenny Zelkowitz\Portland, ME.
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Making Sense New England #105 Air Date/Time: 3/18/2010
HOST: Jennifer Rooks Length: 4:00
Hi, I'm Jennifer Rooks and this is Making Sense New England. Welcome to Making Sense New England, a monthly series about the economy and you. We're here to share ideas, advice and solutions to the economic challenges facing all of us. The stories come from neighborhoods throughout northern New England and take on some of the problems caused by the recession. The economic downturn poses all kinds of potentially awkward situations in our everyday personal dealings. Saying and doing the right thing has never been more fraught with possible social faux pas. So Making $ense New England asked Vermony Public Television's Bridget Barry Caswell to consult manners guru, Peter Post, for a few pointers on recession etiquette.
PRODUCER/REPORTER: Bridget Barry Caswell NAME OF PARTICIPANTS: Peter Post/Director, Emily Post Institute.
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