Bernanke Reduced Inflation Threat By Cutting Rates

Tuesday, December 16, 2008, 4:03 PM | 1 Comment

Federal Reserve Chairman, Ben Bernanke cited weakness in economy and reduced inflation threat as justification for cutting rates to a record low range of 0% to 0.25%. In its latest effort to try and stimulate the U.S. economy, the Federal Reserve cut its key interest rate to a range of between zero percent and 0.25%. […]



Wells Fargo Bank Offers New Tools To Overcome Debt

Sunday, December 14, 2008, 12:02 AM | 1 Comment

One of the nation’s most stable and largest banks, Wells Fargo, has unveiled a new tool kit for customers to help them get out of debt while they are still living. The bank has rolled-out three types of tools for customers: Debt Pay Down Solution, Cash Back Cards, and Smarter Credit. Debt Pay Down Solution […]



Credit Unions To Help In Car Buying

Saturday, December 13, 2008, 6:00 AM | Leave Comment

In a move designed to win new borrowers while aiding Detroit’s beleaguered auto makers, a group of 1,300 credit unions in the nation’s Midwest have pledged to extend $10 billion in auto loans – enough for about 400,000 new cars and trucks. Members of credit unions are located in the states of Michigan, Ohio, Indiana […]



Bernie Madoff Seems To Think Everything Is Up For Grabs

Friday, December 12, 2008, 8:41 AM | Leave Comment

It was in the newspapers on Thursday Dec. 11, 2008 that a prominent trader has been accused of defrauding clients. The very famous trader, Bernard L. Madoff, was arrested at his Manhattan home by federal agents who accused him of running a multibillion-dollar fraud scheme – perhaps the largest in Wall Street’s history. At age […]



Governor Of Illinois Charged With Corruption

Tuesday, December 9, 2008, 6:00 AM | Leave Comment

President-elect Barak Obama, as we all know, is vacating his senate seat from Illinois. The governor is supposed to appoint someone for that seat. Along the way, something happened that did not sit very well with federal authorities. There may be more news coming in the coming days and weeks. International Herald Tribune on December […]



Some People Are Never Worried About “Nothing”

Sunday, December 7, 2008, 2:33 AM | Leave Comment

I read an article on Fortune Online. Three executives of a company called Blackstone Group (BX) received the following total compensation for 2007: Steve Schwarzman Chairman and CEO $350.7 million Pete Peterson Senior Chairman $174.3 million Hamilton James President and COO $ 98.7 million ————– Total $623.7 million – no wonder they can’t sleep at […]



Tips How To Munch On Dates

Sunday, December 7, 2008, 12:47 AM | Leave Comment

I just read an article-cum-news (news-cum-article??) yesterday about a Kuwait Sheik Spinning the Recession: Sheik Majed Al-Sabah posted by Linda Tischler. The article states that Americans may be in a state of gloom about the economy – no kidding, but it’s still a beautiful day in the neighborhood, if you live next door to Sheik […]



Access Affordable And Flexible Credit Via Virgin Money

Friday, December 5, 2008, 12:00 AM | Leave Comment

Virgin Money Has Closed Shop in the U.S., Victim of Bad Timing. None of the links to Virgin Money USA works. Richard Branson, the guy who owns Virgin “everything”, has taken over peer-to-peer lending service called Circle Lending and has re-branded it Virgin Money USA. It helps people access affordable and flexible credit, offering unique […]



A Modern Girl’s Guide to Personal Finance

Wednesday, December 3, 2008, 12:02 PM | 1 Comment

Harvard MBAs Manisha Thakor and Sharon Kedar have come up with a readable guide to help female twenty-somethings get a better grip on their money. On My Own Two Feet: A Modern Girl’s Guide to Personal Finance. This book is a self-help guide and like its name suggest has been written for twenty- and thirty-somethings […]



Find Out What’s In The Bailout Bill For You

Tuesday, December 2, 2008, 1:22 AM | 3 Comments

Remember back in October, congress passed the bail-out bill of $700 billion. Inside the bill, there were some tax provisions that would affect us all, the average American taxpayers. “In all the publicity surrounding the bailout package, not much attention was paid to the tax policy items,” says Steve Forrest of Forrest Financial Services. “That’s […]