Archive for the ‘economy’ Category
Thursday, January 22nd, 2009
Suggesting that retailers “are closer to working men and women… than any other industry,” Wal-Mart CEO H. Lee Scott addressed the public once more in his farewell address after ten years at the helm of the retail megastore.
Scott offered a candid take on the country’s current economy and where it’s ...
Posted in budgeting, debt, economy, finances, money, retail | No Comments »
Tuesday, January 20th, 2009
There’s a brief exchange I had a few years ago with a friend’s father that I’ll never forget. We were sitting outside a Washington DC lunch spot talking about what I was going to do when I got out of college when I asked Mark, who’s been a real estate ...
Posted in budgeting, economy, finances, investments, money, money management, mortgage, real estate, savings | No Comments »
Monday, January 19th, 2009
Gas prices rose for the sixth consecutive day Monday, putting the national average at $1.842 a gallon. It’s a figure that’s 3 full cents higher than Friday’s figures.
Gas Comparisons Over the Last Year
Despite the temporary jump in prices, gas is still selling for 39% of what it sold for last ...
Posted in budgeting, economy, energy costs, money | 2 Comments »
Monday, January 19th, 2009
If you’re financially stable enough to have trips to foreign countries planned in the coming months you might want to be keeping an eye on the foreign exchange rates. The value of the American dollar has been in steady decline for the past few years, and current figures put the ...
Posted in banking, economy, foreign affairs, money management | No Comments »
Saturday, January 17th, 2009
Just months ago McCain was dogging Obama as non-partisan. Just weeks ago Republicans were stressing the need for both parties to work together in order to pull us out of our financial downward spiral. Seems they have short memories.
The first jab came just minutes after the presidential oath was flubbed. ...
Posted in economy | No Comments »
Friday, January 16th, 2009
That optimistic stock report we brought you a couple weeks ago is now officially old news. The Dow Jones industrial average dropped for the sixth day in a row yesterday, with its 250 point loss pitting the Dow at its lowest point since December 1.
The same can be said about ...
Posted in economy, money, retail | No Comments »
Wednesday, January 14th, 2009
In light of the messy economic situation and the hardships our government is expecting Americans to endure in the coming months, the IRS has loosened its generally tight grip on the way it does business. Taxpayers should expect a little more leeway when it comes to paying their taxes, among ...
Posted in budgeting, economy, finances, money, taxes | No Comments »
Tuesday, January 6th, 2009
Wells-Fargo & Co. completed their $12.7 billion acquisition of Wachovia Corp. this past Friday. The California-based bank now heralds itself as “one of the strongest financial companies in the nation and America’s #1 small business leader” and can now lay claim to over $14 trillion in assets.
The move puts Wells-Fargo ...
Posted in banking, economy, finances, investments, money | No Comments »
Monday, January 5th, 2009
CNNMoney.com has a great outline of where and when money has been allocated for this economic bailout we’re paying for in tax dollars. Check it out here.
We’re beginning to wonder what the figures for Citigroup loan-loss backstops and Auto industry energy efficiency loans will look like when all’s said and ...
Posted in economy, finances, lending | No Comments »
Monday, January 5th, 2009
Senior citizens across the country got good news in December when reports out of Washington stated that Congress suspended the law that requires those 70 ½ or older to withdraw funds from their retirement plans in 2009, even if they don’t need the money. Traditionally, senior citizens have had to ...
Posted in budgeting, economy, finances, investments, money, retirement, savings | 1 Comment »