In a "flash mob," hundreds of people invade a public space to do something in unison. But a "cash mob" adds a mission to that idea. All over the country, crowds of people are being organized on social media sites to invade mom-and-pop stores at a specific day and time to spend money locally.
Alburgh, Vt., is on a remote peninsula near the Canadian border. But even though the town is rural, it's always had a bank. So when its citizens learned the People's United Bank branch on Main Street was closing, they feared their community would turn into a ghost town.
Members of the D.C. Council are scheduled to receive $3,000 cost of living increase to their salaries this year, but many are signing waivers, saying it's not fair for them to get pay increases while other city workers do not.
Housing prices are still falling nationwide, but some analysts see reason for optimism in the real estate market. Home listings are dropping closer to healthy market levels, and some real estate agents report more interest among would-be buyers.
As social media grows, hiring managers have started to screen Facebook and Twitter accounts, as well as running criminal background checks for potential employees. Some employers are asking applicants to hand over Facebook passwords as well.
Groups within the Occupy Wall Street movement are trying to overhaul the banking system — and they even dream of a new kind of bank. One activist sees "a bank that would be democratic, that would be owned by its employees and by its customers."
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