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Explain this to me, if you can. Why is it that we, the people, know how bad the economy is, yet it seems our politicians and those big government think tanks don’t seem to know it? Rather, why is it they keep saying things are getting better when there’s really no visible signs of it [...]
In good economic times, black people suffer greatly in the United States. When unemployment for the rest of the country was around 6%, for black people it was around 11%. For young people under the age of 25, it was around 25%; ironic, right? Therefore, it’s no surprise that with the country’s unemployment rate being [...]
They may not be having problems with bankruptcy or foreclosure, but the super-rich are finding out that their fancy, expensive homes aren’t selling any better than the homes of regular folks like us who try to sell our homes. Some of them are even discounting their homes at percentages the rest of us wouldn’t ever [...]
This is a tough time to be a college student in America. I remember when I went to college that every semester only cost, at its highest, $2,000, which included room and board. And the loan my parents took out for me for only two years came with an interest rate of around 5%. Now, [...]
Though many months later, Chase has followed on the heels of Bank of America in ending its practice of arbitration for its customers, which now opens them up for potential lawsuits just like any other business. In this instance, Chase is trying to solve the dilemma of the class action lawsuit against them and many [...]
Treasury Secretary Tim Geithner stated Wednesday that banks and other financial institutions need to do more to help end the credit crunch that they started. To whit, he said “This credit crunch is not over. “It may feel dramatically better for large companies, but it is not over for small businesses across the country.” He [...]
Not that we didn’t know this, and not that I’m necessarily repeating myself, but home owners are still facing big problems in this country, as well as the entire real estate industry. A report came out this week saying that only around 5% of home owners have been able to get new mortgages to adjust [...]
