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Do we have a bunch of teenage twits in the nation’s capital?
Mar 6, 2010 | | Posted in Finances NewsI can make a lot of comments on what’s going on in the nation’s capital especially on Capitol Hill but that would be from the outside what I have learned from the media. Folks working on the inside might know what’s going on in Congress. The members in both houses of Congress are supposedly representing … Continue Reading »
Saving & Spending 2009 – You win some, you lose some
Feb 1, 2010 | | Posted in Finances NewsConsumer spending rose slightly less than expected in December as households opted to save extra cash, lifting savings to a six-month high, a Commerce Department report showed on Monday. It said consumer spending rose 0.2 percent after increasing by an upwardly revised 0.7 percent in November. For the whole of 2009, spending fell 0.4 percent, … Continue Reading »
Can a business sustain itself let alone grow plucking eybrows?
Dec 12, 2009 | | Posted in Finances NewsPatricia Lilibeth Zamora-Asencio is a small business owner, an artist, a designer. She is the designer of the utmost in the field of plucking eyebrows. That’s all she does and she is fantastic and knowledgeable in her field. She works with little pots of brown powder sharing a shelf with pencils, razors and brushes. She … Continue Reading »
Cash for Caulkers could mean $12K per home
Dec 9, 2009 | | Posted in Finances NewsSome newspapers and blogs reported President Obama has proposed a new program Tuesday that would reimburse homeowners for energy-efficient appliances and insulation, part of a broader plan to stimulate the economy. Steve Nadel, director at the American Council for an Energy-Efficient Economy, who’s helping write the bill, said a homeowner could receive up to $12,000 … Continue Reading »
Bernanke said “significant economic challenges remain”
Nov 17, 2009 | | Posted in Finances NewsIt seems that the U.S. economy is on a longer path of recovery than previously expected. It was apparent from the Federal Reserve Bank chairman, Mr. Bernanke’s speech who indicated significant economic challenges remain and that the central bank’s extended period of low borrowing costs may get even longer. Speaking in New York yesterday, he … Continue Reading »
GM’s turnaround effort will come under new scrutiny Monday
Nov 16, 2009 | | Posted in Finances NewsWall Street Journal reported Sunday, Nov. 15 By JOHN D. STOLL that General Motor’s turnaround effort will come under new scrutiny Monday as the company reports financial results for the first time since emerging from bankruptcy.
GM is expected to update its cash position, indicate how close it is to earning money in North America, and … Continue Reading »
First-Time Home Buyers Set Record in Past Year
Nov 14, 2009 | | Posted in Finances NewsFirst-time buyers made up a bigger share of the housing market in 2009 than any other year on record, according to a survey done by Washington-based National Assn. of Realtors.
The number of first-time home buyers rose to 47% of all home sales from 41% of transactions in last year’s study, and was the highest on … Continue Reading »
Can Buick Lacrosse bring out the ‘GM’ in General Motors
Nov 12, 2009 | | Posted in Finances NewsI mean the Grand Master that General Motors used to play the role as on the American automobile landscape. Christopher Jensen wrote on Buick LaCrosse in New York Times back in October 2009.
Jim Federico, G.M.’s global vehicle line executive for midsize cars, says the LaCrosse is not a rebadged Insignia with a green card in … Continue Reading »
Madoff feeder fund settles with Massachusetts
Sep 9, 2009 | | Posted in Finances NewsBOSTON (Reuters) – Massachusetts’ top securities regulator said on Tuesday his office has settled for $8 million with financial swindler Bernard Madoff’s feeder fund Fairfield Greenwich Group, becoming the first state regulator to reach such a agreement.
“This Fairfield settlement, which provides restitution and interest for Massachusetts investors, represents the first investor relief ordered by a … Continue Reading »
CEO Pay at rescued banks exceeds S&P 500 average
Sep 2, 2009 | | Posted in Finances NewsThe U.S. economy is seeing, some experts suggest, a rebound in general. But still, many folks who have lost jobs over the last year are still looking. Some have been out of work for more than a year. It’s hard to cope with all the everyday expenses for average Americans.
But the economy is not bad … Continue Reading »
Bankruptcy of banks continues, protect your account
Aug 31, 2009 | | Posted in Finances NewsDespite signs of an improving economy, the nation’s banks are still struggling – in fact, the pace of bank failures has accelerated. A cascade of collapses began last year as the financial crisis struck. Eighty-four banks have fallen so far this year as tumbling home prices and spiking unemployment pushed loan defaults upward. That’s the … Continue Reading »
House prices-the first monthly increase in nearly three years
Aug 1, 2009 | | Posted in Finances NewsA handful of early signs suggest construction starts and new house sales were up nicely in June. Prices rose from April to May, the first monthly increase in nearly three years.
That raises a question. Has the bottom of the housing market reached and the price is on its way upward? Is this price-increase trend going … Continue Reading »
The guy quit a bad drug habit known as money
Jul 26, 2009 | | Posted in Finances NewsDANIEL SUELO lives, unlike average Americans who are swimming in the swamps of credit-card debt, clinging to a mortgage, terrified of the next downsizing at the office – in a cave. He isn’t worried about the economic crisis. Nine years ago, in the autumn of 2000, Suelo decided to stop using money. He just quit … Continue Reading »
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