How a Happy Meal Can Cost You Half a Million Dollars
Many of us don’t spend much time thinking about retirement planning. We figure that it’s something …
Read More
Sinbad: Comedian Files for Bankruptcy After Going Broke
It turns out that Sinbad is broke. The comedian declared bankruptcy on December 11th of this year, …
Read More
Man Gambles Away [...]
by Fenorris Pearson
How is the game played at the top? How do you get there and, once there, how do you stay put? And how, in these trying times where jobs are hard to come by and competition is stiffer than ever, can you ever hope to achieve such lofty goals? These are not questions [...]
Make sure you read this for class!!!!!
There are three basic types of managed care health insurance plans: (1) HMOs, (2) PPOs, and (3) POS plans.
HMOsA health maintenance organization (HMO) is a type of managed healthcare system. HMOs, and their close cousins, preferred provider organizations (PPOs), share the goal of reducing healthcare costs by focusing on [...]
Hey guys,
we are going to be covering life insurance and estate planning over the next week, so I need you to read these articles for the next class. You may be quizzed on them, so if you chose to miss the class the Tuesday before Thanksgiving, you are still responsible for this reading (since [...]
For those of you interested in finance sites, Google is getting better. I have found that Yahoo Finance and CNN Money have been consistently good sources of financial information, specifically when it comes to stock prices and historical stock performance as well as press releases per company. I also have found that, while Google is [...]
By Mark Hulbert, MarketWatch
Last Update: 10:14 PM ET Nov 12, 2008
ANNANDALE, Va. (MarketWatch) — It was almost exactly a dozen years ago that Yale University finance professor Robert Shiller bent Alan Greenspan’s ear, prompting the Fed chairman to give his famous “irrational exuberance” speech.
Shiller and Greenspan both had to endure a lot of ridicule for [...]
Good homes sell even in a bad market — and here are a dozen principles the experts watch for when evaluating a potential sale.
By Marilyn LewisThe real-estate bust has stripped all the smoke and mirrors from the housing market. In the starkest way possible, it is revealing which homes hold value in a recession, and [...]
Many of us may be thinking about starting to purchase stocks, but how much do we really know about them? There are many key questions to ask before buying stocks which will help you make the most money. It is very important to know a lot about the companies of which you are buying the [...]
The current credit crisis has made sure that home buyers do not get mortgages easily, or even if they get, get it at higher costs. For a buyer with good credit history, the interest rate was 6.7%. Though this is not the all-time high rate, still it is quite high.
Also, there are 18.6 million homes [...]
We’ve all heard it; to reach the point where we want to be with our finances, we need to have more than one source of income. And an easy way to earn a steady cash flow and build equity is to purchase a rental house. A simple business model is to search out cheap financing [...]
Over the last decade, the internet has provided innovative opportunities to complete every day activities such as shopping, watching television and communicating with friends and family. With the current tightness of the credit market, the internet has come through again.
Peer-to-Peer lending has allowed individuals who are looking to borrow money to find investors trying [...]
In the midst of all of the economy crisis that the U.S. is experiencing, the first to be affected by the hit would be some of our most famous investors such as Warren Buffett, Kirk Kerkorian, Sumner Redstone, and Carl Icahn. These famous investors have fell to the wrath of the recent market actions; they [...]
By: Matthew Schoeneck
The blog has generated a lot of talk about the expense of college and if “College is still worth the price”. CNN.com recently came out with the top 10 most expensive colleges to attend. The top 10 most expensive colleges:
[...]
NEW YORK — Oil prices plunged below $90 a barrel Monday, coming within reach of year-ago levels as a widening financial maelstrom spreads overseas and crimps global demand for energy.
A barrel of oil has not been this cheap in eight months, suggesting that the climate in which oil soared to unheard of levels is coming [...]
The Dow Jones industrial average plunged more than 500 points in early trading on Monday, pushing it below 10,000 for the first time since October 2004, as investors bailed out of stocks on fears that the credit crisis is spreading economic havoc around the globe.
Traders on Wall Street said the government’s $700 billion economic rescue [...]
1) FDR had it partially right when he said that “We have nothing to fear but fear itself.” While we have other worries as well, the greatest obstacle to economic progress is the HUGE psychological impact of Americans watching the stock market plummet right in front of their faces. This is going to cause consumer [...]
By Josh Goodman
After the Giants won the Super Bowl they decided that they were going to charge their fans a fee for every seat in the stadium that they were building with the Jets. This would be called a personal seat license.
The fans would pay $1,000-$20,000 each for a license which would be the right [...]
And then there were none.
Federal regulators converted Wall Street’s remaining stand-alone investment banks – Goldman Sachs and Morgan Stanley – into bank holding companies Sunday night.
The move allows Goldman and Morgan to scoop up retail banks and to streamline their borrowing from the Federal Reserve. The shift also is aimed at removing them as targets [...]
By Syreeta L. McNeal, CPA, JD
Should the United States federal government bailout companies like Freddie Mac, Fannie Mae, Lehman Brothers, Merrill Lynch, and American International Group (AIG) or should some level of responsibility be given to the executive leadership of these companies?
Every time I view the latest news on our federal government’s bailout of these [...]
By Dr. Boyce Watkins
The United States is respected throughout the world for its powerful economy. We are also, unfortunately, becoming known for our arrogance and financial irresponsibility. During my tenure as a Visiting Scholar with the Center for European Economic Research, one of my colleagues could not understand why American consumers earn more than Germans [...]
Make sure you are staying well-read in class. If not, you will find yourself in a great deal of pain when the exam arrives. Here are some materials to help you in your preparation:
Solutions to problems in Chapter 1
Chapter 2 solutions
Chapter 3 Solutions
Chapter 4 Solutions
Chapter 4 powerpoint slides
Stocks prices fell sharply Monday as jittery investors struggled to digest one the of the biggest and most sudden upheavals in the financial system in decades — the collapse of Lehman Brothers and the agreement by Bank of America to buy troubled investment bank Merrill Lynch.
The Dow Jones industrial average tumbled 504.48 points, or 4.4%, [...]
<!–[if gte mso 9]> Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 <![endif]–><!–[if gte mso 9]> <![endif]–> <!–[endif]–>
Us 20 something’s are truly beginning to understand the importance of retirement planning, even before we have made our way into the “real world.” We have generally accepted that our social security system will fail us, and [...]
Part 1 of this video is below, highlighting potential long-term problems for the US economy.
Part 2 of the video is below
Technorati Tags: money,finance,investing,economy
by Dr. Boyce Watkins
There’s nothing wrong with a little shine in your life, especially since you’ve worked hard to get that degree. But attempting to become Paris Hilton on your first job can have you rolling on your way to bankruptcy court. Whether you earn $10 per year or $10 million, you are a financial [...]
