President Barack Obama gave a public speech on Thursday in front of Congress delivering details of his latest push to help the economy. Part of his $447 billion jobs plan includes aid to US homeowners who want to refinance but currently can't because of rules and regulations. Obama told America that … [Read more...]
Study Shows Decline in Small Business Bankruptcy Filings
August 24, 2011 By Leave a Comment
A new study from Equifax shows that small business bankruptcies have declined in 2011 compared to 2010 by more than 15 percent. But this isn't all good news for the nations more than 24 million small businesses. Bankruptcies among small businesses are still 30.03 percent higher than they were before … [Read more...]
The Money of Independence Day
June 21, 2011 By Leave a Comment
You probably remember from history class that the Fourth of July is a celebration that marks the Declaration of Independence's approval by the Continental Congress in 1776, setting the 13 original colonies on the road to freedom. Despite our ongoing celebration of being free from the British, we currently … [Read more...]
Lower Consumer Spending May Reflect New Habits
September 24, 2010 By Leave a Comment
For the first time since the Great Depression in the 1930s, per capita consumer spending has declined for 2 consecutive years. A new study completed by Booz & Co. showed that consumers are spending less during the recession. The question is whether this reduced spending level is temporary or reflects … [Read more...]
$1.3 Trillion Drop in US Household Wealth
June 25, 2009 By Leave a Comment
In recent news, the figures on U.S. household wealth dropped in the first quarter of 2009 by $1.3 trillion. This is a record-length slump that has serious compromised home and stock prices. … [Read more...]
President Obama Offers Military Technology To China For Debt Relief
June 15, 2009 By 4 Comments
It seems that the state of the U.S. economy, replete with record-breaking deficits, is certainly taking its toll on the fledgling Obama Administration. Recent reports are suggesting that the President and his staff have been considering an increase on income taxes or the addition of a VAT tax. … [Read more...]
FDIC Awards GE Coverage For Up $139 Billion In Debt
December 24, 2008 By Leave a Comment
Last week representatives of the FDIC closed a deal to award General Electric Co.'s lending group GE Capital Corporation as much as $139 billion in insurance coverage for debt protection. This marks the second time in a month the finance company has sought aid from the federal government. … [Read more...]