It’s official; this January will go down in history, at least for now, as the worst January in the history of both the Dow Jones Industrials and the S&P 500. For the day, the Dow ended the day down 148 points, or 1.8%, while the Standard & Poor 500 index [...]
There’s a story in the local news about Excellus Blue Cross, one of the larger Blue Cross companies in the nation, discovering a billing glitch in their system (a misnomer since they’re actually paying claims) which has led to both hospitals and physicians not getting paid on claims for a couple [...]
It was reported that, on Monday, there were more than 75,000 jobs cut on that day alone. Some of those figures came in like this:
Caterpillar, 20,000 jobs;
Home Depot, 7,000 jobs;
Pfizer, 8,000 jobs now, eventually another 19,000 jobs;
Sprint Nextel, 8,000 jobs (not unexpected since they declared bankruptcy);
Texas Instruments, 3,400 jobs;
General Motors, [...]
We have job losses, houses being repossessed, the banking industry in disarray, companies going into bankruptcy or shutting their doors forever,… the list goes on and on. Nope, the economy isn’t getting better any time soon.
There have been numerous conversations about saving money, paying down bills, how to [...]
There were two interesting news stories that came out about homes and the housing market over the past couple of days. The first one I had been saying to people around here for awhile, so I’m glad for the confirmation. It was reported that the number of houses that [...]
This is probably as short as an article I’ll ever write can get. I came across Dan McCarthy’s blog Great Leadership, where he listed 18 Financial Terms Every Leader Needs. Well, I’m not so sure that most leaders really need to know these terms, but if you’re going to [...]
By now, most people have probably heard that John Thain, former CEO of Merrill Lynch, has left what I’m calling a “cushy” job at Bank of America for doing some things that are, quite frankly, astoundingly arrogant. Nothing illegal, but it smacks everyone right in the face with why so [...]