The hardest hit are those with high school or lower education

Thursday, November 26, 2009, 8:08 AM | 2 Comments

In the long run, education plays a big part in an individual’s income. The more years you stay in school and the more education you get, and of course hard and smart work, the better your future would look like financially as is apparent from the BLS chart (Education pays …). Analyzing the Bureau of […]

Who will dominate the growing online shopping landscape?

Wednesday, November 25, 2009, 8:01 AM | Leave Comment

It seems that the biggest online stores are heavily competing against one another on price and shipping & handling cost. Case in point: Wal-Mart and Amazon. The battle for your wallet began last month over the prices of popular new books and DVDs. It has since spread to select video game consoles ($199 for the […]

Whacha Gonna Do When The Malls Call On You?

Tuesday, November 24, 2009, 11:38 AM | Leave Comment

This year, many folks have been laid off as we all know. The personal finance experts say “Less work, but more time with family! Less credit, but smarter spending!” Whether you are one of the many who don’t have a job this shopping season – that includes yours truly – or are gainfully employed, be […]

To Verizon President: You Need To Work On Customer Service

Monday, November 23, 2009, 7:02 AM | Leave Comment

As far as we are concerned, Mr. Verizon President, your customer service stinks. You need to work on it. You guys don’t have the foggiest idea what customer service is, let alone provide at least some decent service to its customers. Verizon has become such a big company that it now is at par with […]

Millions Will Have To Repay Part Of Tax Credit

Sunday, November 22, 2009, 3:12 AM | Leave Comment

Washington Post reported on November 16: “Millions will have to repay part of tax credit.” Excerpts from the report More than 15 million taxpayers may owe the government $250 or more because of how the IRS last spring set up President Barack Obama’s tax break that was designed to help consumers spend the U.S. economy […]

Bernanke said “significant economic challenges remain”

Tuesday, November 17, 2009, 12:52 AM | Leave Comment

It seems that the U.S. economy is on a longer path of recovery than previously expected. It was apparent from the Federal Reserve Bank chairman, Mr. Bernanke’s speech who indicated significant economic challenges remain and that the central bank’s extended period of low borrowing costs may get even longer. Speaking in New York yesterday, he […]

GM’s Turnaround Effort Will Come Under New Scrutiny Monday

Monday, November 16, 2009, 6:54 AM | 7 Comments

Wall Street Journal reported Sunday, Nov. 15 By JOHN D. STOLL that General Motor’s turnaround effort will come under new scrutiny Monday as the company reports financial results for the first time since emerging from bankruptcy. GM is expected to update its cash position, indicate how close it is to earning money in North America, […]

First-Time Home-Buyer Tax Credit – Poor Rich Folks

Saturday, November 14, 2009, 3:44 PM | 1 Comment

As we all know by now, the $8,000 tax-credit for first-time home buyer has been extended by the U.S. Congress as of November 6, 2009. It is a true dollar-for-dollar tax credit of up to $8,000 for 10% of the cost of a home. Even if your income is low and you don’t have to […]

First-Time Home Buyers Set Record in Past Year

Saturday, November 14, 2009, 1:33 AM | Leave Comment

First-time buyers made up a bigger share of the housing market in 2009 than any other year on record, according to a survey done by Washington-based National Assn. of Realtors. The number of first-time home buyers rose to 47% of all home sales from 41% of transactions in last year’s study, and was the highest […]

Can Buick Lacrosse bring out the ‘GM’ in General Motors

Thursday, November 12, 2009, 6:33 AM | Leave Comment

I mean the Grand Master that General Motors used to play the role as on the American automobile landscape. Christopher Jensen wrote on Buick LaCrosse in New York Times back in October 2009. Jim Federico, G.M.’s global vehicle line executive for midsize cars, says the LaCrosse is not a rebadged Insignia with a green card […]