Money Management
newspaper stock market section, with pennies

Richard Russell to investors: get liquid before the crash

Richard Russell has made a name for himself as a fortune teller for investors seeking to stay a step ahead of the stock market. In his latest Dow Theory Letter prediction Tuesday, Russell forecasts a disastrous stock market crash that will render America unrecognizable by the end of 2010. Some other pundits who try to
People signing contracts

April showers bring may flowers and boost pending home sales

Home sales and similar statistics regarding home sales have not been encouraging for months, but are showing signs of life. Pending home sales, or contracts to buy homes, were observed during the month of March, as spring is certainly the buying season. However, that still doesn’t mean that all is well yet. Mortgage rates dip
File photo of President Obama staring out a window. He appears to be deep in thought.

Obama deficit commission considers raising retirement age

The federal deficit is in excess of $1 trillion, which will make the work ahead for President Obama’s bipartisan deficit commission difficult. However, as the Associated Press reports, commission leaders Erskine Bowles and Sen. Alan Simpson already have a dramatic plan of attack that will prove controversial. Reducing cost-of-living increases to government pensions, raising the

Facebook and Microsoft team up with Bing Search

In a joint announcement today, Microsoft’s Bing search engine and Facebook have announced a partnership. Bing will integrate social network search into its personalized results. Microsoft is hoping the Facebook partnership will help it overtake Google. Facebook partnership for Bing Facebook will now be integrating Bing search results and visa-versa. Microsoft and Facebook outlined two
executive pay

New Say on Pay rule gives shareholders vote on CEO compensation

Shareholders can now vote on the salaries of executives leading publicly traded companies. The “Say on Pay” provision of the Dodd-Frank financial reform bill was approved by the Federal Trade Commission on Wednesday. The Say on Pay vote is nonbinding, but analysts expect the rule may have a profound effect on the behavior and performance
financial literacy

Financial independence relies on smart spending as much as saving

Unless you win a $380 million Mega Millions jackpot, smart spending is the only way to avoid debt and save for retirement. Becoming financially literate is one of the keys to smart spending. Having the commons sense to realize there is no such thing as “unexpected expenses” is another. Financial literacy and financial independence Most
Ghost town

Rise in national vacancy rate not worth panicking over

It has been reported that the national rate of vacancy, or the number of houses sitting empty, has reached a 13 percent, but don’t panic. That figure does not mean it is time to begin constructing a bomb shelter and making hats from tinfoil. The housing market is depressed, but signs of life are still
NYSE on Wall Street

Former GM financial wing Ally may have its own IPO

In the past few weeks, there has been a lot of buzz about an upcoming GM IPO. The related company, Ally Financial Inc., is now looking at an Initial Public Offering all its own next year. Ally Financial used to be GMAC, or General Motors Acceptance Corporation, the loan company formerly part of General Motors.
burgundy semi truck cruising at sundown

Truck driving jobs and auto industry jobs to surge in near future

As much as 400,000 truck driving jobs and an upcoming labor shortage in the U.S. auto industry promise to put a small dent in the U.S. unemployment rate. The U.S. auto industry and the U.S. trucking industry hemorrhaged jobs during the recession. But as the economy slowly recovers, truck driving jobs and auto industry jobs
Affiliate Choice Theme

Affiliate Choice free WordPress theme installation instructions

The Affiliate Choice theme is designed to help you maximize conversions on your affiliate website. Follow these step-by-step instructions to set up your site, and you’ll be up and running quickly. First, if you need to install WordPress on your own domain, start with the instructions on or your hosting provider. Many hosting providers

Demand shrinking among businesses as durable goods prices rise

Weak demand has caused orders of durable goods to fall over the past month. Orders for durable goods, or manufactured goods that last for long periods of time, rose in January, but rising prices may have put a damper on the willingness of businesses to order such goods. However, orders for transportation items such as
illinois tax increase

Illinois lawmakers approve largest tax increase in state history

An Illinois tax increase of 66 percent was approved by the state’s legislature Wednesday. The state of Illinois, reeling from years of fiscal mismanagement, has been looking for ways to narrow a $15 billion budget deficit. The Illinois income tax increase, the largest in the state’s history, is a desperate step to solve budget woes
home construction

Housing recovery may be fiction as mortgage rates plummet

As the real estate market has been closely watched, there are numerous indicators to keep an eye on, one of which is overall mortgage rates — the average interest rate charged on a mortgage loan.  Despite a slight spike in existing home sales, overall mortgage rates are staying down. This may sound like a prelude
Harvard Hacked Page

Hackers plant pages on university websites

In an apparent exploitation of security holes, for-profit hackers have uploaded unauthorized pages to hundreds of universities’ websites. None of the schools knew of the pages’ existence. These pages were planted with the intent of making the hackers money, though it appears no personal information was compromised. Hacker pages on higher ed websites The attack
Nighttime photo of the federal building in Birmingham, Ala.

Funding for Birmingham construction jobs has dried up

According to Alabama Live, approximately 30 percent of all Birmingham area construction jobs have dried up over the past three years. It isn’t because contracts are few and far between, report experts like Henry Hagood of Alabama Associated General Contractors. Corporate boards and CEOs simply haven’t had the confidence to sign off. Birmingham construction jobs