Reading for the Next Class

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 [...]

Where will your job be in 2009?

By April Quigley

With the current unemployment rate predicted at 6.5%, the direct correlation between layoffs and a recession has become clear.  Unfortunately, we have not yet seen the worst of it.  By the end of 2009, unemployment rates are expected to max out at around 7-8% – something the nation hasn’t seen in nearly two [...]

DHL cuts additional 9,500 jobs by: David Levy

German based postal service company, Deutsche Post, is cutting 9,500 jobs from its US subsidiary, DHL. The logistics company is trying to restructure the company which will involve shutting down their domestic air and ground operations. DHL has been losing profits to its major rivals UPS and FedEx. Right now, operating costs are roughly [...]

The 10 Most Expensive Colleges

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:
                             [...]

How will Spending on Toys be Effected this Holiday?

 

As the holiday’s approach many wonder where toy sales will be in response to the financial crisis taking place currently.  Everyone is looking to cut back spending but will they cut back on their spending for their children’s gifts of toys?
Grandparents Richard and Betty Evans pledge to do no such thing.  The have made no [...]

Dow Plunges Below 10,000; First Time since 2004

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 [...]

0% Credit Card Offers May Soon Disappear by Zack Pien

As a result of the recent turmoil in the credit markets lawmakers and the Federal Reserve have been looking at new regulations aimed at the credit card industry.  The regulations are very good news for consumers.  Important aspects of the new regulations include the elimination of certain predatory lending practices such as “retroactively applying interest [...]

Understanding the Financial Crisis and Market Meltdown

 
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 [...]

Lil Wayne’s Financial Illiteracy by David Levy

Multi-platinum hip-hop artist Lil Wayne, real name Dwayne Carter Jr., re-signs with the only label he has ever been a part of, the New Orleans based Cash Money Records.   This multi-million dollar deal adds to the exorbitant amount of money Lil Wayne has made from pursuing his rap career.  Wayne charges an average $100,000 per [...]

A New Era Begins on Wall Street: Life Changes FOREVER

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 [...]

Should The Feds Change their Method of Analysis for Troubled Firms?

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 [...]

Realistic Ways to Cut Down on Your Expenses

One area of personal finance that I think is frequently neglected are the benefits that can be derived from cutting out and/or minimizing expenses.  I feel like a lot of people are primarily focused on how to increase their income and don’t pay enough attention to the other side of the equation.  As such I [...]

In a weakened economy, where do you back-to-school shop?

Discount stores score big in August
Consumers flock to low-cost stores such as Wal-Mart, Costco and BJ’s in back-to-school season, abandoning higher-end retailers such as Abercrombie, The Gap, Limited.
NEW YORK (CNNMoney.com) — Consumers nervous about the weak economy abandoned higher-end clothing store chains for discount retail giants such as Wal-Mart, Costco and BJ’s, which reaped back-to-school [...]

Auto Lenders Problem

As we  all know already our economy has been on the downslide for quite some time now and there really are not a lot of signs that things will turn for the better in the near future.  Adding to this problem I have read an interesting article about some problems the auto lending industry are [...]

Is the US Economy in Trouble for the Long-Term?

 
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

How to Avoid Medical Debt Problems

It took the Trim family of Arlington, Texas, three hours to go $15,000 into debt.

Alex Trim’s three-hour ER visit after a bicycle accident resulted in a $15,000 medical bill.

One evening last spring, Alex Trim was knocked unconscious when a car hit his bike and he slammed into the windshield. Three hours, many stitches and seven [...]

Money Tips for Young People: Avoiding Paris Hiltonitis

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 [...]