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 [...]
Economic recovery
Analysts are showing that some cities are closer to economic recovery than others, offering quicker debt relief to their populations. Overall, economists were anticipating national recovery to begin as early as summer of 2009, but definitely by the end of the year. They are noting some cities poised on [...]
Will Obama push finance reform through after health care?
Health care reform may be in the political spotlight right now, but there’s a crisis of another color that hasn’t disappeared. It bears the color of money, a color that many believe President Obama has fed Wall Street but kept from the [...]
The myth:
Critics condemn payday loans calling them ‘predatory debt-traps,’ so much so that many loan seekers consider payday loans taboo. On top of this, policy makers are set to cap these loans in many states. But the million dollar question remains, will a cap on payday loans actually help the [...]
Major tech company feeling the crunch
United Technologies Corp., maker of Otis elevators and Carrier air conditioners, says it will slash 11,600 jobs worldwide. The company is struggling with lower sales and profits.
Chief Executive Officer of United Technologies Louis Chenevert says the company had been expecting an economic recovery during the second part [...]