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Saving the Economy - Do we Spend or Save? Citizens may be feeling the pressure from the media or government to get out there and save the economy by spending its their patriotic duty to spend. According to the Federal Reserves Beige Book report, consumers have been pulling back on spending since September, with a resounding moan from retailers. Keeping the wallet shut is not whats causing the economy to spiral into a recession. But the news media, such as the NY Times, would have ... The Federal Reserve The Federal Reserve, simply put, is the central banking system for the United States. The Federal Reserve is ran by an appointed board of governors, and is located in Washington, D.C. These individuals are chosen by the acting President. The Federal Reserve itself is composed of the Board of Governors, an Open Market Committee, and 12 regional Federal Reserve Banks. These banks act as agents to the U.S. Treasury. Central banking was an idea iniated by Alexander Hamilton. ... The Dow Jones Industrial Average The Dow Jones Industrial Average is one of the most important economic indexes in the world and has been that since its inception in 1896. This index is especially important not only because of its age and heritage, but also because of the fact that it is easily one of the most highly recognizable financial indicators in both the United States and around the world. When economic pundits on television talk about The Dow, they are usually referring to the ... The Nasdaq Composite Index Financial indexes play a major role in how Americans, in fact how people globally, determine how their economy is doing. A financial index measures the day to day movement of stock markets. Indexes have become a yardstick of the economy. One of those financial indexes is the NASDAQ Composite Index. The NASDAQ was introduced in 1971. NASDAQ is an acronym for National Association of Securities Dealers Automated Quotations. However, the NASDAQ Composite Index has evolved in its thirty-seven years from ... Project Working Mom Project Working Mom is making it possible for busy mothers to gain the education they need to advance their career, meet personal goals and provide for their families. PWM understands as a mother you are concerned with not only taking care of your family and offering them the best possible opportunities in life but also in setting a great example for your children about how important education is in their future. But with an already hectic schedule balancing work, ... What is the S&P 500? A discussion or news report on the stock exchange and investing would not be complete without mention of the S&P 500. The term S&P 500 is the acronym for Standard & Poors 500 index which is a grouping of 500 stocks that have been selected by the S&P Index Committee. Standard & Poor is one of the worlds leaders in financial advice. S&P 500 stocks are selected by a committee of economists and analysts. ... Economic Crisis 2008: Where the US Economy is going So, like most, my thoughts have been on where the US economy is right now and where we are headed. We've known this was coming for years. Unqualified home buyers in bulk. Large mortgage companies collapsing. Credit Card Debt out of control. Spending 3 trillion on the war in Iraq. Last week, we got notice that Bank of America pulled it's credit card offers from affiliate networks. So no new cards. There's also a lot of buzz on the internet ... How the Economy Effects Credit Trying to understand how the economy, the Federal Reserve, and even gas prices affect the credit card in your wallet can be difficult. However, along with other factors, they are all closely related. Most financial transactions involving banks revolve around the Federal Reserve and the interest rates they set. The Federal Reserve sets the Federal Funds Rate, which is basically the rate of interest that banks and thrift institutions are expected to charge when borrowing money from one another. ... Managing Your Credit Card Account Online Managing Your Credit Card In order to make full use of your credit card, you need to manage it well and don't spend more than what you can afford to buy. You need to file up all your credit card statements that are sent monthly, so that should there be any dispute, you have the proof in black and white. The purpose of the credit card is to make life easier and more convenient for you, not to tie ... Fannie Mae and Freddie Mac in the Financial Crisis In September 2008, the Federal Housing Finance Agency (FHFA) announced the federal takeover of mortgage giants Fannie Mae and Freddie Mac. The bailout of the two government sponsored enterprises (GSEs) occurred in the midst of the current credit crisis, further fueling anxiety of the US market as well as concern about the possibility of impending recession. Fannie Mae (Federal National Mortgage Association) was established in 1938, and its brother company Freddie Mac (Federal Home Loan Mortgage Corporation) was founded in 1968. Both ...