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 [...]

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 [...]

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 [...]

Crash and Burn 101: A Finance Professor’s Take on Our Economy

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 [...]

China’s Savvy Saving Strategy by Pierre Carras

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 [...]

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 [...]

What does your 401K look like?

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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 [...]

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

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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 [...]