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 …
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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, …
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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 [...]
I hate black Friday and I don’t even celebrate Christmas. Thankfully I do everything in my power to avoid the purchasing hysteria that represents black Friday, which is a nickname for the day after thanksgiving. The day symbolizes the start of Christmas season, a season that becomes more of a ploy for consumers to spend [...]
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 [...]
JP Morgan announced program to stop foreclosures. In stead of taking over houses, JP Morgan initiated $70bn mortgage renegotiation program which is to help struggling homeowners to remain in their homes. The federal government began to provide various funding opportunities to assist struggling families with their mortgage payments over the past 2 months. The [...]
By April Quigley
Does this economic crisis have you searching for old cash stashed under your floor boards or buried in your backyards? If so, it is likely that these dollar bills have been destroyed or damaged. Luckily, the U.S. Treasury is at your service. In fact, the U.S. Treasury Bureau’s Department of Printing and Engraving [...]
Retail Numbers Worst In 35 Years – by MC Mabele
It appears that the corner stone of the American economy is under huge amount of stress. According to a Reuter’s report of monthly sales data for October, retail chains suffered the worst returns in 35 years. “Thomson Reuters said its October same-store sales index fell 0.7 [...]
A personal conflict I always have is trying to manage which hobbies I spend my personal finances on. As we all know, hobbies can either be very expensive or very cheap. It just so happens, like a lot of other Americans, I like to endulge in some of the more expensive hobbies. For me; golf [...]
For more than twenty years, colleges and universities across the country have been increasing tuition at a faster rate than costs have risen on any other major product or service. The result: the amount families pay for college has gone up 439% since 1982.
There are many reasons for this price increase, including: record number [...]
As the world has watched the stock market shed itself of more than 35% of its value, those who shorted the market are sitting pretty as we speak. Someone who bought the Ultra short for the Dow would have made nearly a 100% as of a month ago.
Over that period of time, earnings were being [...]
As the world almost freezes over (financially) its amazing that any company is able to turn profits. Well in the case of Exxon Mobil, such is not the case. In fact, Exxon has not only turned a profit, but has set a record profit in U.S. History. You may ask yourself how? well with almost [...]
The state of our economy and the uncertainty of our future president is a concern to everyone in the nation, not just the working class. Take a look at The Rooney Family, owners of the Pittsburg Steelers. There are five brothers, four of which are owners, Tim, Art Jr., John and Pat. Each brother owns [...]
There is a certain point where things can’t get any worse. I feel the United States economic crisis is heading towards the finish line with so many measures put in place to help. More specifically, I think there are three things that are about to make a reversal in the economy: the unemployment [...]
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 [...]
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 [...]
By: Andrew Robinson
Even with oil trading at around $100 per barrel, airlines are still reluctant to remove the fuel surcharges and the bag check fees. The airlines said that the reason for implementing these charges in the first place was because of high oil prices, when oil was trading for around $140 per barrel. But [...]
By: Matthew Schoeneck
Due to the recent financial crisis, small-business owners are facing much tighter budgets than before. The crisis has forced small-business owners to have much tighter credit. As it has started to become harder and harder to get bank financing, small-business owners are going into to the direction of credit cards and personal saving accounts.
116 million [...]
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 [...]
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 [...]
College football used to be consistent with the primary goal of a university to educate and provide the well being of student athletes. Today, it has become a multibillion-dollar entertainment industry. College football is no different to the NFL due to the entertainment industry, but there is the big argument of why college football [...]
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%, [...]
After having visited China during my semester abroad in Hong Kong, one thing became very clear to me. Once China becomes sophisticated enough to use credit, which entails:
opening up markets to many more foreign companies (instead of having a government that wants to totally control a country that has so much potential) which would increase [...]
American Airlines recently has announced that it may be cutting up to 469 jobs at airports by November of this year. They are planning to cut back their domestic flights by up to 12% and have already implemented a $15 baggage charge on your first checked bag. They were the first in the industry to [...]
