America Could Use a Bit of Each
The U.S. has finally traveled out of the dark ages of recession, or so it seems, because a few people I know have had to utilize cash advance loans to keep their businesses afloat. Many of financial hardships that people are facing aren’t spewing [...]
Current State of Affairs for the Dollar
Under both the Bush and Obama administrations, U.S. government spending – financed by government borrowing – has skyrocketed, resulting in a prolonged decline of the value of the dollar. This trend escalated with the Federal Reserve’s reaction to the 2008 subprime mortgage crisis and [...]
Why Invest in a Depreciating Asset?
Many people balk at putting money into their homes in the current situation. Home prices and values are falling, and equity loans for home improvements are all but impossible to get. With falling values, few people have any equity left.
No one can blame homeowners for [...]
Up and Down at the Same Time
One of the challenges at the beginning of any economic recovery is reading mixed indicators. One sector of the economy will perk up while another sector takes a downturn. Moreover, most areas of the economy remain stagnant. The average consumer is confused, and investors [...]
Paying off bills with tax money
Consumers are using payday loans and their tax refunds to pay necessary bills. In the past, taxpayers saw their tax refunds as additional money to do something fun with. Whether it was a vacation, a new TV or a down payment on a vehicle, people [...]
Paid on Time? Too Bad!
If you have been relying on credit cards to get by each month, you may need to borrow money just to pay the minimum payment these days. Credit card companies are raising interest rates dramatically in an effort to stay ahead of the declining economy. But [...]
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Money for nothing
In these difficult economic times, the average American family is forced to live paycheck to paycheck — if they are lucky enough to have jobs at all. When the U.S. government bailed out Wall Street, the major banks got huge cash infusions. [...]
The never-ending evolution of words
As more people embrace new methods of communicating, language must evolve to describe those methods. I admit that I do more communicating via Facebook and online instant messaging than I do by phone or even in person. Even the payday loan store is being replaced by [...]
Washington Blade out of print
The demise of the newspaper began long before the recession, and it will continue afterward. Newspaper publishers are finding it harder every day to compete with digital media. Window Media, which was the country’s largest publisher of gay newspapers, has shut down.
Window Media published the Washington [...]
Banks and debt
In an effort to find new customers, banks are aiming to help with a big public concern: debt relief. TD Bank, located on the East Coast, hosted a free pizza night for potential customers. Citizens Bank has promised to give new customers $1,000 if they are saving for [...]
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 [...]
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 [...]
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 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 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 [...]
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 [...]
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. [...]
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 [...]
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 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 [...]