Finance
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Cash Is Right On The Money
The World Bank delivered a letter to the leaders of the upcoming G-8 Conference stating; “2009 remains a dangerous year. Recent gains could be reversed easily, and the pace of recovery in 2010 is far from certain.”
Economic concerns still plague the American citizenry. The latest unemployment figures have risen higher than predicted by those “in the know”.
People who have had a good credit history, and are now jobless, are having trouble meeting their monthly obligations; i.e., mortgage, car payments, and credit cards.
Higher gas prices have created a boon for travel...
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Financial Crimes & Scams
The website http://www.usa.gov/ contains some of the most interesting and helpful information to increase your knowledge in the field of finance. We suggest you visit the site which is currently listing articles on Financial Crimes & Scams, Taxes:Federal & State, and the Top Tax Scams of 2008.
Everyday brings more news of people having lost everything due to the nefarious dealings of unprincipled advisers who promise the world to their misguided...
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Banking Crisis In Terms You Can Understand
Two of our readers sent us the following:
Heidi is the proprietor of a bar in Berlin . In order to increase
sales, she decides to allow her loyal customers - most of whom are
unemployed alcoholics - to drink now but pay later. She keeps track of the
drinks consumed on a ledger (thereby granting the customers loans).
Word gets around and as a result increasing numbers of customers
flood into Heidi’s bar.
Taking advantage of her customers’ freedom from immediate payment
constraints, Heidi increases her prices for wine and beer, the
most-consumed beverages. Her sales...
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