American Way Of Saving Results In Debt

Saturday, July 18, 2009, AM | Leave Comment

Americans have long been willing to get ahead by taking on debt. The country’s consumer debt totals $2.56 trillion, according to the Federal Reserve Board. American financial landscape was built, and still is maintained and nourished, by credit and debt. When I came to the States in the 1970s, one of the first things I […]



CIT Group Closer To Bankruptcy As US Denies Aid

Thursday, July 16, 2009, AM | 1 Comment

CIT Group, an important lender to smaller companies, said last night that the federal government has refused to provide further financial assistance to help it avert a likely bankruptcy filing that could hurt thousands of clients ranging from small clothing manufacturers to retailers such as Dunkin’ Donuts and Dell. What CIT does CIT provides financing […]



What Has China Got That The U.S. Ain’t Got?

Thursday, July 16, 2009, AM | 4 Comments

China’s economy accelerated in the second quarter amid huge stimulus spending and aggressive bank lending, expanding by 7.9 percent from a year earlier as retail sales and industrial output grew strongly, data showed Thursday. The growth rate, reported by the National Bureau of Statistics, was up from 6.1 percent in the first quarter. The government’s […]



NH man charged 23 quadrillion dollars for smokes

Wednesday, July 15, 2009, PM | Leave Comment

MANCHESTER, N.H. – A New Hampshire man says he swiped his debit card at a gas station to buy a pack of cigarettes and was charged over 23 quadrillion dollars. Josh Muszynski checked his account online a few hours later and saw the 17-digit number — a stunning $23,148,855,308,184,500 (twenty-three quadrillion, one hundred forty-eight trillion, […]



Why shouldn’t David Cerullo build a $4M home?

Wednesday, July 15, 2009, AM | 7 Comments

David Cerullo, if you don’t know, is the Chairman and CEO of Inspiration Networks. USA TODAY has an article about the CEO stating that David is building a $4 million home in a gated, lakefront community in western South Carolina at the same time that the ministry has cut jobs and reset thermostats to save […]



GM Has A Hit Car On Its Hands

Monday, July 13, 2009, PM | Leave Comment

Amid the gloom of bankruptcy and a miserable market for new vehicles, General Motors’s new Chevrolet Camaro muscle car is winning over consumers looking for a little excitement in a bland landscape of look-alike sedans and watered-down sport utilities. GM sold 9,300 Camaros during the month of June – more than either its entire Buick […]



LivePerson puts the world’s experts at your fingertip

Monday, July 13, 2009, AM | Leave Comment

Founded in 1995, LivePerson helps the Internet deliver on its promise of making our day-to-day lives easier and better by supplying real-time access to the world’s experts and their knowledge. If you have any questions on business, finances, taxes etc., here is your opportunity to talk to a live person and get advice from an […]



Goldman Sachs likely to report blowout profits

Sunday, July 12, 2009, PM | 1 Comment

Excerpts fro New York Times Up and down Wall Street, analysts and traders are buzzing that Goldman, which only recently paid back its government bailout money, will report blowout profits from trading on Tuesday. Analysts predict the bank earned more than $2 billion in the March-June period, thanks to its trading prowess across world markets. […]



Does the GOV have to do this to PUB – AIG mess?

Sunday, July 12, 2009, AM | 2 Comments

Excerpts from Reuters.com American International Group (AIG.N) is preparing to pay next week millions of dollars more in bonuses to dozens of corporate executives, a source familiar with the development said. AIG has been talking with Washington’s newly-appointed compensation czar Kenneth Feinberg about the bonuses, which are due to be paid on July 15, said […]



The US National Debt Knows No Speed Limit

Sunday, July 12, 2009, AM | Leave Comment

If you keep staring at the U.S. Nation Debt, it seems to speed up. As usual, no cop in sight when you need one. Is there any way we can stop this? It’s scary, ain’t it? I gotta go, get me some Alka Seltzer. That has affected our personal finances, interest rate and our credit […]