September marks the 31st consecutive month that the national unemployment rate has been near or well above 9%. In September the Department of Labor reported that the unemployment rate was at 9.1%. In October of last year the rate was at 10.2% but it has remained largely unchanged since the start of the … [Read more...]
South Koreans Household Debt Among Highest in Developed World
July 6, 2011 By Leave a Comment
Household debt in South Korea ranks among the highest in the developed world, according to the Wall Street Journal. That's pushing leaders to implement measures that will help reduce borrowing among South Koreans and prevent defaults that could destabilize the country's economy. Experts say that home … [Read more...]
Gas Prices Leave Consumer Confidence Running on Empty
April 29, 2011 By Leave a Comment
Consumer confidence is dropping thanks to rising gas prices. According to AAA, on average a gallon of gas costs $3.89 which is nearly 30 cents higher than a month ago and more than a dollar up compared to April of 2010. That's pushing a larger percentage of consumers' budgets toward the pump which means … [Read more...]
Wall Street Contrives To Repackage Toxic Debt
September 7, 2009 By Leave a Comment
Analysts on Wall Street may have come up with a way to extricate itself from the mounds of toxic debt and bask mortgages that have blockaded the nation's financial markets. … [Read more...]