Latest Jobs Report is Even Worse Than It Seems
If you are looking for work, the latest unemployment figures will come as no surprise. The report from the Labor Department, released last Friday, shows that the U.S. economy lost 263,000 jobs in September, and the unemployment rate edged up to 9.8 percent from 9.7 percent in August. As bad as those [...]
Read more →Credit Card Debt Solutions: A Brief Overview
One of the best solutions to prevent credit card debt is to stop using your credit cards altogether. It is difficult to come out of debt, but it is easy to fall into debt once again. You must rectify your spending habits. There are various debt solutions to tackle your credit card debt. Following are [...]
Read more →Toyota Recalls Nearly 4 Million Cars
On Tuesday Toyota announced it would recall 3.8 million vehicles because a floor mat might cause the accelerator pedal to become stuck, leading to high speeds and deadly crashes. As a temporary solution, the carmaker is telling owners to remove their driver’s side mat while the company works out a more permanent solution.
This is [...]
Federal Home Buyer Tax Credit Set to Expire
The $8,000 federal tax credit available to first-time home buyers is set to expire on November 30th of this year. The looming expiration date has home buyers and agents scrambling to get deals done while the credit is still available.
The rebate, passed as part of February’s stimulus package, is available to anyone who has [...]
Is College Worth the Money?
If you are thinking about ways to save up for your child’s college education you may well be asking yourself if all the effort and money is worth it. David Leonhardt, editor of the New York Times Economix blog has a definitive answer: yes. Despite the high costs of college, numerous studies reviewed [...]
Read more →Federal Reserve Stretches Loan Aid Goal
For the second time since August, the Federal Reserve has opted to slow down emergency lending programs designed to boost the economy. The decision indicates the Fed is moving its stance from managing the financial crisis to nurturing an economic recovery.
The original goal was for the Fed to buy $1.45 trillion in mortgage-backed securities [...]
Five Easy Ways to Save on Your Car Insurance
With the economy still struggling, you’re probably looking for easy ways to trim your monthly budget. If you plan correctly, car insurance can be an area to save money without sacrificing coverage. Here are five easy ways to get great coverage at a great rate:
Compare rates. Spending a few minutes online comparing [...]
Read more →What Stocks and Real Estate to Buy as the Dollar Falls
In recent weeks the dollar has been losing ground to key currencies. The greenback is down 2.6% this month compared with the euro, and 5.4% year-to-date. Bu what may be bad for the dollar can be good for investors – if you know where to look.
Companies that make goods in the United States [...]
Do Presidential Approval Ratings Mimic the Dow?
Gallup has an interesting new study about Presidential approval ratings and the behavior of the Dow Industrial Average. In short, sometimes the trend lines go together, sometimes they don’t.
Here’s the chart comparing Barack Obama’s approval rating to the Dow thus far into his presidency:
Here’s the chart for George W. Bush:
As you can see, there’s [...]
Read more →Economists Fear Second Wave of Recession
While the world economy shows signs of gaining strength and the possible end of recession brought on by the subprime credit crisis, there are enough experts that anticipate a new collapse, writes AFP.
The hypothesis that a recession will return after an initial recovery was made by U.S. economist Nouriel Roubini, professor at the University of [...]
Germany is Worried About Weak Economic Recovery
The Germany Ministry of Finance considers there is a risk that the current economic recovery will not be sustainable, writes Reuters.
“Despite a categorically improved economic outlook, it is not clear, for now, if the period of stability will continue. This could have this year, negative effects on the labor market “, says a report from [...]
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