I hadn’t talked about it before, but I guess it’s time to bring it up. On Friday, 5 banks were closed, following the closure of another bank on Thursday, bringing the total to 15 banks in the month of January. At this pace, it will easily beat last year’s [...]
In another anomaly that just freezes my mind, WalMart has decided to close their Sam’s Club outlets across the country, which is going to eliminate nearly 11,000 jobs. At the same time that’s happening, their stock price actually went up .2%.
If you believe WalMart, they’re not actually shedding jobs, at least [...]
I don’t know why, but I’m almost insulted by this.
It seems that not only are the rest of us worried about interest rate hikes, the banks are also worried about interest rate hikes. Why is that?
Because it seems that while many people haven’t been able to take advantage of the interest [...]
Once again, CNN Money & Fortune Magazine has come up with the Top 100 Companies to work for list. This year, an entrant that’s been on every list since they began charting this has moved into the #1 spot for the first time. I can’t lie, I never heard [...]
Last year around this time I wrote a post titled A Plan For Turning The Economy Around. In that post, I gave five things I thought could help:
no more tax breaks
move up the implementation of the credit card legislation
firm up credit criteria
have a plan for the bailout plan
help the [...]
Sometimes I hate being right. On Friday, news was announced that 43 states show the growth in unemployment figures. Some of those states recorded record unemployment numbers, while others showed the highest unemployment rates experienced in many years.
What’s a shame is that I had predicted that it wouldn’t be until [...]
On Friday, the stock market took another big nose dive for the third day in a row. The Dow Jones dropped 217 points after President Obama’s speech, where he said that he wanted to have tougher regulations on banks that come up with tricks to help make their profits rise, [...]