According to an article in Forbes, as study conducted by the Pew Charitable Trust found that credit cards offered by credit unions may offer lower rates and cheaper fees than their bank issued counterparts. The article said: "The study found that the median advertised interest rates for credit cards issued by the nation's 12 largest [...]
According to an article in the Star-Telegram, workers have rejected contract changes that would have allowed Ford Motor Co. to cut labor costs and remain competitive with Chrysler and GM, both of which recently emerged from bankruptcy. The article said: "Ford sought the deal to bring its labor costs in line with Chrysler Group LLC. [...]
According to an article in the Dallas Morning News, the Commerce Department reported that new home sales have dropped in September by 3.6 percent. Some analysts expect that the drop off in sales is a result of potential homebuyers delaying their decision to buy a home due to the expiring tax credit which will end [...]
Even under the best of circumstances, things happen that can strain the best of marriages. The recession hasn't helped the strain. Most news reports focus on debt relief as some type of numbers game...what you have to do to get out of debt and a bottom line analysis of your personal budget. But keep in [...]
According to an article in the Dallas Morning News, over 50 million Social Security recipients, many facing foreclosure and bankruptcy, will not receive a cost of living increase for the first time since cost of living increases were adopted in 1975. Why? Supposedly the prices of critical consumer goods are falling. But I guess they [...]
This financial crisis has brought on a slew of bank failures, credit card divestment and general changes to the lending landscape. Already, 2009 has seen nearly 100 bank failures and numerous acquisitions and sales of credit card brands. But how do all these changes affect your credit card? Let's take a look: The terms and [...]
According to an article in the Star-Telegram, a Florida appeals court chastised a judge for granting extensions in a foreclosure case for compassionate reasons. The article said: "The Third District Court of Appeal ruled last week that Circuit Judge Valerie Manno Schurr could not grant extensions solely on grounds of benevolence or compassion. Schurr had [...]
According to an article in the Star-Telegram, many low-income residents had to receive medical treatment after thousands of people pushed and shoved for the opportunity to apply for the Homelessness Prevention and Rapid Re-Housing program which will provide grants of up to $3,000 for homeless and low-income individuals. The article said:"Scuffles erupted as several thousand [...]
According to an article in the Dallas Morning News, the Labor Department announced that new claims for unemployment insurance benefits dropped last week to a seasonally adjusted 521,000. The article said: "Despite the improvement, initial claims remain well above the 325,000 that economists say is consistent with a healthy economy." Also, there are still 8.9 [...]
We've all heard the saying that those who forget the past are doomed to repeat it. An article in Investopedia.com highlights the most recent lessons from our recession. Lisa Smith lists five basic principles that should be garnered from this financial crisis: Risk matters...but protecting what you have is just as important as trying to [...]