Financial News

It’s Labor Day—What Kind Of Capitalism Do You Support?

September 6, 2010

Today is Labor Day and unfortunately this year many American’s are without a job. Unemployment is at record levels and the economy is in the tank, so to speak. It is reminiscent of the times of FDR and the Great Depression. At that time FDR worked to help all American’s by implementing such things as [...]

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Sales Of Previously Occupied Homes Lowest In 15 Years

August 24, 2010

July 2010 statistics on home sales or previously owned homes fell by more than 27 percent to a seasonally adjusted 3.83 million, the National Association of Realtors reported on Tuesday. This represented the largest monthly drop on record, dating back to 1968 and it also included every region of the country. This followed the expiration [...]

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Economic Tweets Worth Mentioning

August 20, 2010

Funny and insightful tweets about the economy, credit cards and more. Enjoy! From Sherrill3773, SybilBillings, Maryjo8019 and many, many more…. · Blaming Obama for the economy is like blaming your hangover on the guy making breakfast. From FoxTrot1984 · New FN poll shows majority of Americans think Obama should stop blaming Bush on the economy [...]

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Not The Kind Of Double Dip That You Want

August 17, 2010

Not like a double dip ice cream cone on a hot summer day, no the kind of double dip that some economists say is on the horizon is much more ominous. Some economists are now predicting a double dip recession, meaning that just when you thought it was getting better, it is going to get [...]

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How Would You Fix The Economy?

August 12, 2010

There seems to be some huge political disagreements about how to handle the current recession. Do we stop spending all together in order to halt the growing national debts? After all, who’s gonna pay in the future? Are we mortgaging our kids future?? Or do we put some money back out into the economy, thereby [...]

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Bringing Back The Past With Lay-away Plans

August 11, 2010

Back in the day, shoppers used to use special plans at the stores in order to purchase things like back-to-school items and Christmas presents. It was called a “lay-a-way” system or a “Christmas Club” program. The merchandise would remain at the store and the consumer would make payments on them until they were paid off [...]

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No Upfront Fees For Debt Relief

August 10, 2010

Starting on October 27, 2010, all debt relief companies must settle for reduce a customer’s credit card or other unsecured debt before they can legally collect a fee. The debt relief provider or counselor can only collect payment is · They successfully renegotiates, settles, reduces or changes the terms of the loan is some way [...]

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Small Business Loan Setback

August 9, 2010

At least part of the problem with the current recession is the fact that right now it is next to impossible for small businesses to borrow money. And many small businesses are ready, able and willing to expand, if they just had the money to help them get started. If small businesses were able to [...]

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And Lower And Lower And Lower They Go

August 4, 2010

Mortgage rates that is…last week it was reported that mortgage rates fell to an all-time low of 4.54%. 15 year rates are also at a record low of 4%. But it doesn’t appear that the housing market is rebounding as of yet. The problems seem to be a glut of inventory, too many houses for [...]

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Unemployment and Politics

July 30, 2010

The unemployment extension package finally passed Congress but without any help from the Republicans who have stated that the unemployed are “spoiled”, have a disincentive to work, don’t want the jobs that are available, are “hobo’s”, and who will just take their unemployment benefits and “blow it on drugs”. Republican Sharron Angle, running for Senate [...]

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