A Gallup study tells a sad tale of how the American standard of living has taken a hit in the last few years. The article at Gallup says notes that 6% of Chinese found it hard in the past year to purchase enough food for their families compared to 19% of Americans.
The American percentage more than doubled [...]
This is an interesting interview by George Soros, billionaire investor. He says that the United States is already in a double dip recession and explains why.
He also discusses Europe and the risks posed by Greece to the Eurozone. He also talks about the effect a ‘disorderly’ default will have on emerging economies and the world [...]
Data just released by the Commerce Department show that new orders for manufactured durable goods in August fell $0.2 billion or 0.1% to $201.8 billion.
This decrease is the second in the last three months and follows a 4.1% increase in July. The slight decline was across the board because excluding transportation, new orders fell by [...]
Dear BLR Editor,
I’ve read accounts of spouses who are spendthrifts and spend their families into the poorhouse. I have the opposite problem.
I think my wife secretly hoarding cash. What I mean is that she will ask me for cash every now and then to buy different items – no complaints here – but not spend [...]
TCF Bank is offering new customers who open a checking account up to $100 cash. The offer expires on September 30, 2011.
New customers will receive $100 after they open a new account at TCF Bank and fulfill certain conditions.
Open the account with a minimum $2,500, OR
Have $500 or more in qualifying deposits (paid bill payments, [...]
One byproduct of the Fed’s decision last week to buy long term Treasuries was that mortgage rates fell once more to historic lows.
At last week’s meeting, The Fed Chairman announced that the Fed would sell up to $400 billion of short term Treasuries and buy the equivalent amount of long-term ones.
While the stock market failed [...]
Dow futures were higher this morning as concerted action is expected this week on Greece and the Eurozone. At the weekend, finance officials met in Washington DC at the annual meeting of the World Bank and International Monetary Fund.
The crisis in Europe is clearly approaching a tipping point, with the main fear being contagion if [...]
After global stock exchanges swooned yesterday following the Fed’s perceived weak response to the global economic crisis, red ink continued flowing today as stock investors sought the exits.
At 2.45pm today the Dow had fallen by about 414 points to 10,2711 (3.72%) and markets in Europe and Asia had similarly cratered to the tune of 3-5%.
Despair [...]
The number of first-time filers for unemployment benefits fell in the week ending September 17 to 423,000, a decrease of 9,000 from the previous week’s spike of 432,000.
While welcome news, this new number does not affect significantly improve the continuing malaise in the job market as President Obama spars with the Republican-led House about his jobs [...]
Sales of existing home sales unexpectedly spiked upwards in August, defying a poor economy, tight credit, and disruptions from Hurricane Irene, according to the National Association of Realtors (NAR). August’s gains were visible in all regions of the U.S.
Existing-home sales – completed transactions that include single-family, townhomes, condos and co-ops – rose 7.7% to a [...]
Moody’s today sideswiped Bank of America (BoFA), downgrading its long-term debt rating by two levels to investment-grade “Baa1” from “A2” and to Prime-2 from Prime-1 for short-term debt.
The ratings agency also cut the bank’s long-term deposit ratings to “A2” from “Aa3.”
In reducing the ratings, Moody’s cited the lowered likelihood that the U.S. government would step [...]
The Census Bureau, through a recent study, found that education has the greatest impact on lifelong earnings than any other demographic aspect, such as gender or race.
Workers who have professional degrees will generally make much more than those with 8th grade educations.
Recent articles have cast doubt on the usefulness of an expensive university degree and [...]
Like 24 million others, I received an interesting email message today from Reed Hastings, CEO of Netflix. It went as follows:
Dear Bay,
I messed up. I owe you an explanation.
It is clear from the feedback over the past two months that many members felt we lacked respect and humility in the way we announced the separation [...]
Many who begin their own businesses have a specific and original concept in mind. They have a definite idea for their business and its form, function and vision. Others however, are more ready to be guided by a business concept that is already tried and tested, with name recognition and support and mentoring available.
In other [...]
Last week, it emerged that a rogue trader working for the Swiss Bank UBS, Kweku Adoboli, was able to bypass system checks and cause losses via rogue trades totaling $2.3 billion.
UBS is Switzerland’s biggest bank and the announcement last week by the Bank stunned the Swiss banking industry.
UBS in particular, was struggling to emerge from [...]
Prices rose in August – by 0.4%, eliciting some concern by economists about the possibility of stagflation – a combination of economic stagnation coupled with inflation.
The U.S. Bureau of Labor Statistics reported this number alongside a 3.8% annual inflation rate.
This seasonally-adjusted increase in the all items index was broad-based, with continued increases in the indexes [...]
It seems to me the 2012 election will be a struggle for the soul of America. I also believe that the election result will determine which direction the United States goes economically and societally over the next generation.
Thus it is that Robert Reich, former U.S. Labor Secretary addresses the question, “Is Social Security a Ponzi [...]
Salal Credit Union is offering new customers who open a checking account up to $100 cash by September 30, 2011.
New customers will receive $100 after they open a new account at the credit union and begin direct deposits.
Funds deposited must be new money from another institution.
Here are the rules:
Open a Free Checking account with a [...]
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