U.S. Unemployment Rate Hits Double Digits
Unemployment rate not improving
New statistics on the U.S. unemployment rate were released today, and things haven’t been worse for 26 years. The October unemployment rate was 10.2 percent, more than double normal levels. It’s also the highest unemployment rate the country has seen since 1983, when it hit 10.5 percent.
I [...]
What’s the Best Way to Protect Consumers in Need of Debt Relief?
Should Courts or Executive Branch Agencies Have Final Say?
The recession has forced America to face some of its most deep-seated systematic financial troubles. One thing that has become clear is that unscrupulous mortgage lenders and credit card agencies have dined for far too long upon consumers who largely didn’t understand [...]
Price Wars! Verizon Droid Eris vs. Motorla Droid
Verizon Droid Eris a cheaper Droid
Everyone has heard of the Motorola Droid, set for retail release tomorrow. We’ve all seen the commercial publicizing Droid’s quest to one-up the iPhone. However, today it has gotten out that another Droid, the Verizon Droid Eris, will also be available, and for half the [...]
Federal Minimum Wage and U.S. Labor Laws
Federal minimum wage 2009
Since July 24, 2009, the federal minimum wage has been $7.25 per hour. That means in every state in the United States, employers must pay workers at least $7.25 per hour. In Washington, D.C., it means employers must pay $8.25 per hour because the law there dictates [...]
Microsoft News: Microsoft Layoffs Continue
Microsoft Layoffs Continues
In January 2009, for the first time in its history, Microsoft Corp. announced it would cut some 5,000 jobs over the year as the company witnessed a drastic decline in revenue. The company suffered an 11 percent drop in profit, leaving many Microsoft workers unemployed and in need [...]
Secured Loans in The UK
The answer to your money troubles
The answer to your family financial crisis may be right under your nose. In fact, if you own your home, you are already halfway to solving your financial woes. First of all, the world economy is in disarray, forcing many people to make decisions they [...]
Money—More of a Concept than You Might Realize
When Banks Fail
According to the FDIC and other sources, the number of bank failures now exceeds 100. The latest closures included four small- and medium-sized banks in Florida and Georgia: Partners Bank and Hillcrest Bank, both of Naples, FL; Flagship National Bank, Bradenton, FL; and American United Bank, Lawrenceville, GA. [...]
Secured Loan, Your Answer to Unwanted Debt
Choose what’s best for you
If you have chosen a secured loan for debt consolidation, there is a process you must follow. Whether you have chosen to apply for a secured or unsecured consolidation loan the processes is similar. The following steps will help you decide on what choice is best [...]
Students Use Personal Loans to Fund College as Admission Changes
College Admission Policies Changing
More students are using personal loans to fund their college costs due to changes in financial aid policies. Along with the rest of the world, colleges and universities are feeling the financial strain of the recessionary economy. They are cutting spending, putting off new projects and programs [...]
The ‘Glee’ Phenomenon | Multimedia at its Best
The Free Market: where nothing is free
There is a finite amount of money out there and a seemingly infinite number of people competing for it. There is also no limit to the amount of said limited supply of money that each person wants. Thus, any time something becomes popular, the [...]
Unemployment Holding Strong, Jobs Won’t Return Until 2012
A long wait lies ahead
The ridiculously high national unemployment rate (9.8 percent) has convinced Congress to consider a bill that would allow people to collect unemployment for an additional 13 weeks. However, an unemployment extension of three months might not be long enough for many people.
CNN Money reports that the [...]
Consumers Markets Need Debt Relief Soon
Hard-Hit Markets Feeling the Sting
Consumers need to find debt relief, but some people coming out of the hardest-hit industries may be the most desperate for it. Industries like auto, financial services, retail and mortgage were particularly damaged due to the recession. Although many job markets are showing nascent signs of [...]
Apply For Faxless Online Payday Loans
Apply for Faxless Online Payday Loans HERE
End of Cash by End of Month
As the end of the month approaches, various bills may start getting you behind. If you have run out of available cash and are unable to pay these bills on time, you may well have to delay payment [...]
Cash Advance Loans Becoming More Popular
A Real Recession Buster
Cash advance loans are becoming increasingly popular as the recession hangs on. Strap-cashed consumers are looking for more options when it comes to paying their bills and making it through to their next payday. When the monthly check doesn’t stretch far enough, there are few options. Personal [...]
Do Credit Repair Companies Really Work?
Credit repair companies
The credit repair industry has gotten a bad rap. Many companies have claimed to help consumers, only to charge them high prices for things the consumer could do for themselves, for free. Other companies have offered high-quality misleading services as “bringing your credit score up 100 points within [...]
It’s the Right Time to Use Credit Cards to Buy a Car
Car Buying in a Recession
If consumers are in the need of a car, this may be the right time to use credit cards to do it. Most dealerships have huge inventories and no way to get rid of them. The recession has put auto dealers in difficult positions, since most [...]
People Look For Debt Relief as They Decide How to Spend
Spending money
Consumers are still searching hard for debt relief in today’s economy. Although there are some signs that the recession is coming to an end, many people are still wary of returning to old spending habits and are looking for ways to cut back. Many normal daily activities were put [...]
Third Quarter 2009 Foreclosures at an All Time High
An improving economy
The media and Uncle Sam want us to believe that times are getting better and that we are crawling out of the recession. In fact, there are some economic indicators that the economy is starting to come around.
The last few weeks have provided an increase in consumer spending, [...]
Debt Relief – When Should Governments Get Involved?
IMF Study Presents a Clear Blueprint (in Theory)
The global recession continues to batter our financial shores, and world governments are working non-stop to implement programs designed to restore the financial viability of borrowers and promote debt relief. There are numerous theories regarding just how government should go about assisting populations [...]
Mortgages Can Help Credit Repair, But Be Careful
The mortgage market
Many people are looking for mortgages to aid them with credit repair. The recession has left finances disheveled, and people are trying to find ways to regroup. Although recent crackdowns on mortgage lending have been put into place by the government, there are still some unscrupulous lenders trying [...]
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