Archive for the ‘economy’ Category
Thursday, December 11th, 2008
CNN Money has published reports that the national unemployment rate continues to climb. Currently the figure stands at 6.7%, and there’s no sign of greener pastures in the coming months.
The announced loss of 553,000 jobs in the month of November alone comes along just as America faces the longest recession ...
Posted in economy, money | 3 Comments »
Saturday, December 6th, 2008
It seems as though everyone is looking for a bailout, whether it’s financial institutions, insurance companies, or the auto industry. When the governor of your state is lobbying for money from congressional leaders and the Administration, well, that’s a different story. That’s because strengthening the economy during the current financial ...
Posted in economy | No Comments »
Friday, December 5th, 2008
One of the things that is not being talked about nearly enough in these tough economic times is both a cause and a byproduct of the financial crisis. While everyone spends their time focusing on the shrinking credit market and people write articles about how bad the stock market is ...
Posted in economy | 1 Comment »
Thursday, December 4th, 2008
What Does It Mean When the U.S. Automakers Fail?
Was your reluctance to buy a car from one of the three major U.S. automakers, General Motors Corp., Ford Motor Co., or Chrysler LLC, the cause of their imminent collapse?
The Big Three automakers are asking Congress to pass legislation for government-backed loans. ...
Posted in business, economy | 1 Comment »
Wednesday, December 3rd, 2008
What is Black Friday?
Black Friday is the day after Thanksgiving, the unofficial start of the Christmas season and one of the biggest retail shopping days of the year. Since Thanksgiving always occurs on the last Thursday in November, Black Friday takes place between the 23rd and the 29th of ...
Posted in economy | 1 Comment »
Sunday, November 30th, 2008
Barack Obama was elected the forty fourth president of the United States of America on November 4, 2008. He is the first African American president to ever be elected.
President Elect Barack Obama’s cabinet has begun to take shape. He has started to form his economic team. It is crucial for ...
Posted in economy | 3 Comments »
Friday, November 28th, 2008
What is Deflation?
Deflation, as defined within the study of economics, is a general decrease in the price level of goods and services below zero percent. The below zero percent qualifier is important because it indicates that prices are actually decreasing as opposed to increasing to a lower degree than in ...
Posted in economy, money | No Comments »
Thursday, November 27th, 2008
The Summit on Financial Markets and the World Economy was held on November 15, 2008. There were many countries represented at the summit. The following countries were represented: The United States of America, Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Netherlands, Republic of Korea, Russia, ...
Posted in economy | No Comments »
Tuesday, November 25th, 2008
Will Crime Go Up as the Economy Goes Down?
Many people believe that the nation's crime rate is correlated with the state of the economy -- that is, as the economy dwindles, the rate of crime increases. It's not an invalid fear: when people lose their jobs and become desperate to ...
Posted in economy | No Comments »
Sunday, November 16th, 2008
The U.S. Government has found themselves face to face with an enormous money pit popularly known as American International Group or AIG. AIG is one of the largest insurers linked to retirement held by millions of Americans, mutual funds and U.S. mortgages which made it neccessary to fund the company ...
Posted in economy | No Comments »