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Yes, we’re in tough economic times. However, we don’t have to sit around worrying about going broke all the time, or worry that things will never get better. As a matter of fact, there are numerous times when this type of thing has happened, and some very famous people have recovered from losing it all. [...]
Every year I hear about this G20 Summit and wonder “What the heck are people protesting about?” In reality, my main question is “What the heck is the G20 Summit.” Since I know I’m not alone in this one, I decided to do some quick research and try to put it into terms that we [...]
Today, Omni National Bank of Atlanta was seized by federal regulators, the 21st U.S. bank to fail this year. With $956 million in assets and $796.8 million in deposits, it was closed by the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp. (FDIC) was named receiver. SunTrust Banks Inc. of [...]
Finally, yesterday brought some good news from the financial world, as the Dow decided to show people some power and jumped almost 500 points to close at 7,775.86 for the day. It was the fifth highest jump in the Dow’s history. What triggered this increase? It seems they were pleased by some of what came [...]
Many people are in a crunch these days when it comes to paying bills. The ones that are the most scary are mortgage, utilities, and of course credit cards. These are the ones where the phone calls will start coming, and if you’re like almost everyone else, you’ll just decide not to answer the phone [...]
I almost couldn’t believe my eyes when I’d read that federal legislators were working on a plan to recover bonus money spent by AIG to fulfill a contract that they had to honor. I was literally shocked out of my body when I’d read that the House had passed the bill and sent it to [...]
Let’s face this fact; we all hate taxes. Let’s face this other fact; without taxes, there is no government, no services, no roads, no military, etc. So, let’s first agree that taxes in general are a necessity. However, there are some taxes that seem to be extreme, at least in my mind, that I feel [...]
