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 [...]
Foreclosed Homes for Sale at Foreclosure Auctions
Foreclosures up, home sales down
Despite the high number of foreclosed properties flooding the housing market right now, both banks and builders in some cases are finding it impossible to sell houses. Reuters reports: “U.S. lenders and builders are turning to professional auctioneers to help them unload the unwanted real estate [...]
Is the Recession Finally Starting to Turn Around?
Companies starting to rehire laid-off workers
There are a lot of different factors that could be signs of the recession easing up. Though in some sectors we’re still seeing evidence that the recession continues to get worse, a few rays of hope are starting to shine through.
CNN Money reports that companies [...]
Vibe Magazine to Shut Down Immediately
Vibe Magazine to notify staff today
Music-centered publication Vibe Magazine has announced it will cease publication and close down immediately. The publication, like most other U.S. publications, has seen its advertising revenue fall.
A spokeswoman for Vibe Magazine said the staff would be informed of the closure today. Vibe Magazine was one [...]
Could an entire town go bust?
Don’t put all your eggs into one basket
Pomigliano d’Arco is a town of about 40,000 inhabitants in Italy. It lies northeast of Naples and quite near to Mount Vesuvius, once the scene of some real fall-out. The town basically has one industry – automobiles. And it also has only one [...]
Watching Google Suffering is Causing Small Businesses to Worry
Small businesses are suffering
In response to the economy, small businesses are looking to the installment loan. Like all businesses in the economy, small businesses are stretching to find customers. Unfortunately with today’s market, customers are hard to come by.
Most Americans are feeling the recession one way or another.Whether it’s a [...]
Survey Shows Bank Lending Practices Create Need for Payday Loans
Traditional Banks Have Squeezed the Life Out of Consumer Lending
While the U.S. economy continues struggling to show signs of life, U.S. and international banks are tightening the noose on consumer lending, spurring the growth of payday loans. Prognosis for an economic turnaround early this year rapidly turned to fantasy as [...]
Bills vs Mortgages | Debt Consolidation Part 9
When consolidation won’t work
If you have a whole bunch of little bills that have piled up into overwhelming debt, debt consolidation is right for you. However, if you just have one big, overwhelming debt, and it’s your house payment, it’s time to seek mortgage loan modification.
When to see mortgage loan [...]
A Payday Loan can be a Welcomed Answer for a Struggling Consumer
How can consumers solve money problems in this economy?
Payday loans may help consumers solve temporary money problems in a volatile market. The current recession is quickly being assessed as a long-term situation that consumers and businesses will have to maneuver through carefully. A quick-fix is not realistic. Though there are [...]
Small Businesses and Short term loans
Can a short term loan solve small business cash woes?
Short term loans have been used by small businesses for years to overcome debt. Because of the economy, however, the government is looking into alternative ways of jump starting businesses. The House of Representatives dusted off an old bill and [...]
Can an Unsecured Personal Loan Help You Out in this Economy?
Wall Street’s involvement
While unsecured personal loans have been around for a while, there are other options investment firms are trying to bring to the economy. Wall Street has plans to save the market, invigorate the economy and quell peoples’ fears of investing. But are they realistically able to [...]
R stands for Retrenched
The “R” word
In the current economic slowdown, the possibility of the dreaded “r” word, retrenchment, being used in your place of work is a real possibility. Reports of widespread job losses and company closures are all over the news at the moment.
U stands for Unemployed
However, the picture is not all [...]
Is Obama’s Toxic Asset Plan Another Misplaced Cash Advance?
What’s the New Plan About?
As the government’s Toxic Asset Plan rolls out to deal with the present macroeconomic situation, the only question on everyone’s mind is whether the stimulus plan will actually work or go down as yet another misplaced cash advance.
The Financial Times has summarized the PPIP toxic asset [...]
Reasons For Personal Loans During The Recession
Times are tough
Every individual born in this world has his or her own needs, desires and dreams and they try hard to fulfill all of these desires so that they can make a comfortable life for themselves and their family members. But not everyone is able to meet the financial [...]
Things here in Ireland are at rock-bottom
Dublin
I was in Dublin for a meeting about 2 years ago and it was absolutely booming. New projects and new construction were everywhere, the streets were full of people and you couldn’t squeeze into a bar. Even though my trip was paid for, I had taken extra money that I [...]
Has the Economic Spring Sprung?
Just what we need to change the money climate as well
Spring has sprung in this part of the world and the warmer weather, the change to summer time and last week’s possible bottoming out of the stock exchange has put a whole new look on the world. Let’s use this [...]
You Can Save Your House with a Cash Advance
A sign of the times
Sadly the economy is in a downward swing and more people have to rely on a cash advance loan to keep their homes out of foreclosure. As difficult as it is to think of resorting to borrowing money to cover the mortgage payments, it is far [...]
How Payday Loans Can Help You In Today’s Economy
Today’s economy
In today’s economy, many people are using payday loans to make ends meet. No matter how good you are at budgeting, sometimes emergencies come up. Everyone has had to deal with a broken-down car, a doctor’s bill or a spouse’s layoff. Faxless payday loans are a [...]
Can Payday Loans Help Weather the Storms?
Getting through the crisis
With the current state of the economy, many people are looking to short term and payday loans to get through the days. Although it may only help you make it until the next payday, it is certainly better than doing without something you need.
The current economic downturn [...]
Surviving the Recession, Episode 3: Cheap Transport (1)
Save on transportation
You know how to save money at the grocery store. You know how to use your food skills to stretch your food dollar once you get the groceries home. These are vitally important skills in this economy; the recession comes knocking at everyone’s door. Cutting back on spending [...]
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