The stock market is about financials, corporations, the economy and our belief about future events. So what does that have to do with Osama Bin Laden? The answer lies in the effect of his cowardly act on September 11, 2001, but it also is reflected in how our fellow citizens reacted to move on from this act of war and show the world that the U.S. is open for business. Continue reading
Financial News
SOCIAL MEDIA FOR PRESIDENT
IN 2008, President Obama’s grassroots campaign changed the way we run for office. As of 20 April 2011, he’s done it again.
Mr Obama flew to the west coast last Wednesday, touching down in Silicon Valley to hold a town hall-style meeting at Facebook headquarters. Continue reading
What New Credit Card Laws Can Do For You
Often, the government will find itself looking at current issues in order to make decisions. Considering this, it’s no wonder that they have recently reviewed laws regarding consumer credit and some new credit card laws have come into effect. Continue reading
Wilmington NC Has Highest Credit Card Debt to Income Ratio in the Nation
According to the Equifax credit reporting agency, Wilmington NC residents owe the highest percentage of their income to credit card issuers than any other major metropolitan area in the country. Households in the port city owe an average of $7,315 on plastic while earning a median income of $42,392. Continue reading
Obama’s Payroll Tax Cuts and You
7 DEC 2010 — BBC NEWS reported yesterday that President Obama has agreed a deal with the Republican Party to extend Bush era tax cuts for all Americans regardless of income level. Of interest in today’s column is the proposed 2% cut in the payroll tax for 2011. Continue reading
Financial Reform Analysis – Part 2
In an ongoing discussion of the recent financial reform bill, I will address another aspect of the new law. Today, I assess the bill’s ability to address the problems that led to the financial recession we are still in. Continue reading
Financial Reform Analysis – Part 1
Among the fiscal controversies that have occurred over the past few years, the newest one is the financial reform bill, recently signed into law by President Barack Obama. Over the next three blogs, I will going over a few facets of the bill I find particularly interesting. I will attempt to be as open-minded about the multiple aspects of the bill as possible. Continue reading
A Rant About the G8 Summit
Normally, I would consider myself an optimist. So it’s hard to imagine my lack of trust in our government in terms of fiscal responsibility. Yep, you guessed it. It’s a rant for this post. Continue reading
Federal Reserve Board Launches Consumers Guide to Credit Cards
New rules are in place for credit card issuers, thanks to the Credit CARD Act of 2009. These new rules are designed to make consumer credit more transparent and easy to understand. Continue reading
Banks Respond to CARD Act with Tougher Terms
In recent months, credit cardholders with good credit histories have found their rates climbing and their lines of credit reduced. Issuers have either remained silent, or claimed that this is just a standard procedure. Continue reading
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