Several commentaries from various writers and radio broadcasters are circulating at the moment predicting a “deflationary spiral” for 2009 and beyond. I read about this first in the November 13 issue of The Economist in an article entitled Depressing Times. On the surface, that might seem like a good thing, but when you dig deep, it’s not a good thing at all.
Does Black Monday Foretell Stock Market Crash?
When a company with the former prestige and history of Lehman Brothers goes belly up so soon after news of bank failures - plus rescues needed for Fannie Mae and Freddie Mac - the average person becomes even more concerned.
View more »
Residents of East Sussex town, Lewes, are taking the credit crunch head on and ploughing ahead with plans to launch their own local currency.The Lewes pound, due to be launched on 9th September this year, will be counted as legal tender and will match its sterling equivalent in value.
The FBI has announced that a former Countrywide employee and his accomplice were arrested on charges related to "illegal access of computers containing personal information," and "illegal sale of the data." A criminal complaint filed last Friday alleges that one of the men, Rene L. Rebollo Jr., a senior financial analyst for Countrywide Home Loan's subprime mortgage division (who was let go in July), had been harvesting data from Countrywide's computers for the past two years — downloading and storing the information on personal flash drives.
First Priority Bank, Bradenton, Florida, was closed today by the Commissioner of the Florida Office of Financial Regulation, and the Federal Deposit Insurance Corporation (FDIC) was named receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with SunTrust Bank, Atlanta, Georgia, to assume the insured deposits of First Priority.
Everyone could use some extra money, particularly in hard times. Perhaps the bills were a little more than you'd expected this month, or maybe you're trying to raise some starter cash for your own internet startup or business. As the first Hub in an ongoing series, here are ten handy ideas to bring in some extra money.
Gold and Oil rally, causing more concern of a 2008 Stock Market CrashBank Failures, continued bad news....No end in site to the market crash of 2008Notice that each holiday brings us closer to the Great Stock Market Crash of 2008. It's been a very strange year in the stock market. Look back at the 2008 calendar as the stock market crashes, month after month.A brilliant professor writes about the myths and Reality of the upcoming2008 Stock Market CrashIs a Collapse in the Cards?By Jeremy Siegel on TradeOurMarkets.com
Unemployment Compensation--Tips for ClaimantsThe purpose of this document is to provide information which may be useful to individuals who have found themselves in the unfortunate situation of losing their jobs and who may be eligible for unemployment compensation. The following information is based on my experience serving on the Michigan Employment Security Board of Review (appeals) and for the past two years representing claimants in administrative law judge unemployment compensation eligibility appeal hearings. Unemployment compensation regulations throughout the U.S.
There has been a lot of talk about the United States heading toward a recession lately. Now there is evidence that we could already be in one. What does that mean to the average person?
There are a growing number of banks that rebate ATM fees charged to their customers who withdraw money from their accounts using the ATM machine of another bank or ATM owner (ATM machines can be owned and operated by businesses other than banks). Most ATM transactions are what is known as convenience transactions which are transactions offered by the bank as a service necessary to retain the customer. While the transaction itself results in additional costs to the bank, it adds no revenue to the bank.
